Spot rubber prices drop
State remain under pressure as the lockdown restrictions were extended
Spot rubber closed weak on Monday. The market opened firm but lost the initial gains tracking the sharp declines in domestic futures and global trendsetters. Sentiments continued to remain under pressure as the lockdown restrictions were extended to 9 June though the Test Positivity Rate (TPR) in the State dipped further to 15.97 per cent on Sunday 30 May.
RSS4 dropped to ₹171.00 (172.00) per kg according to traders and the Rubber Board. The grade slid to ₹166 (167.00) per kg as per Dealers. The trend was partially mixed as ISNR20 finished flat amidst dull volumes.