Domestic Natural rubber prices have declined by over 7% in the last one month (currently trading at Rs 150/kg) while the international rubber prices have dipped by about 13-15% in the last one month (currently trading at Rs 160/kg).
Natural rubber accounts for about 45% of the raw material costs for tyre makers and the decline in prices is positive for Apollo Tyres, Ceat, MRF and JK Tyres.
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