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Physical Rubber prices witness weakness on Friday

03-Jun-2023 10:46 Hrs IST

Physical Rubber prices witnessed weakness on Friday due to low industrial demand, despite data showed India’s natural rubber consumption increased to a record high of 13.5 lakh tons in the 2022-23 financial year. Rubber prices weakened further on looming economic slowdown fears globally.Spot prices for RSS-4 variety declined to Rs 156.50/ kg compared to its previous closing of Rs 157/ kg; while the RSS-5 variety fell to Rs 154/ kg compared to its previous closing of Rs 154.50/ kg.

Copper futures settle up on higher demand hopes

03-Jun-2023 10:30 Hrs IST

Copper futures settled higher on Friday due to expectations for higher demand from the world’s top metal consumer after an unexpected boost in Chinese factory activity. Copper prices improved further on Senate’s passage of debt ceiling bill, and with expectations that the US Fed will not raise interest rates at its next meeting.Copper futures for July delivery gained $0.0165 to settle at $3.7275 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down by 0.08 percent at $8,237 a ton.

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