Wednesday, 30 April 2014

Physical rubber prices improved on Tuesday

Physical rubber prices improved on Tuesday on fresh buying and short covering in the absence of genuine and quantity sellers at lower levels.
Spot prices for RSS-4 variety improved to Rs 141.50/ kg compared to its previous closing of Rs 140/ kg, while RSS-5 variety closed at Rs 137/ kg compared to its previous close of Rs 135.50/ kg.
In the futures market, contract of May delivery firmed up to Rs 142.72 compared to its previous closing of Rs 142.16, while June delivery closed at Rs 145.75 compared to its previous close of Rs 145.01 on the National Multi Commodity Exchange (NMCE).

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