Sluggish demand, excess supply leads to NR price fall in India

摘要

In mid-June, NR prices in India fell on concerns oi excess supply and lower demand. While a drop in global prices has made imports attractive despite rupee depreciation, Indian tyre companies are becoming concerned about the slowing demand in the auto sector International prices of sheet rubber RSS 3, used by tyre companies, fell by 12 in seven days ended June 8 tc 190/kg.