Physical rubber prices witnessed weakness on Tuesday due to intermittent rains in Kerala and sluggish demand from tyre manufacturers. However, geopolitical instability in the Middle East and skyrocketing crude oil prices have lifted the appeal of natural rubber for industrial use as firms shift from pricier synthetics.
Spot prices for the RSS-4 variety fell to Rs 260/kg compared to its previous closing of Rs 261/kg; while the RSS-5 variety declined to Rs 257/kg compared to its previous closing of Rs 258/kg.
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