Physical Rubber prices witness some weakness on Wednesday

Physical rubber prices showed some weakness on Wednesday. Spot prices for RSS-4 variety remained unchanged at Rs 116/ kg; while the RSS-5 variety declined to Rs 109.50/ kg compared to its previous closing of Rs 110/ kg.

In the futures market, contract of November delivery weakened to Rs 117.13 compared to its previous closing of Rs 117.54, while December delivery closed at Rs 120 compared to its previous close of Rs 119.95 on the National Multi Commodity Exchange (NMCE).