Physical rubber prices turn weak on Wednesday

Physical rubber prices turned weak on Wednesday, in the absence of follow up buying at higher levels tracking a weak closing on commodity futures.

Spot prices for RSS-4 variety lowered to Rs 173/ kg compared to its previous closing of Rs 174/ kg, while RSS-5 variety closed at Rs 165/ kg compared to its previous closing of Rs 166/ kg.

In the futures market, contract of September delivery weakened to Rs 171.90 compared to its previous close of Rs 173.95, while October delivery closed at Rs 168.71 compared to its previous closing of Rs 170.83 on the National Multi Commodity Exchange.