Physical Rubber prices extend weakness on Friday
Physical Rubber prices extended weakness on Friday due to soft demand from local industrial buyers. But some falls were limited by supply crunch as major rubber-producing regions in Southeast Asia have largely concluded active tapping as plantations enter the seasonal off-season. For the sixth consecutive year, global natural rubber consumption is projected to exceed production, driven primarily by the global automotive sector.
Spot prices for the RSS-4 variety fell to Rs 217/kg to its previous closing of Rs 218/kg; while the RSS-5 variety declined to Rs 212/kg to its previous closing of Rs 213/kg.
