Physical rubber prices improved on Thursday following a better closing on the National Multi Commodity Exchange (NMCE). Further, lower arrivals in the local trading houses too supported rubber prices uptrend.
Spot prices for RSS-4 variety improved to Rs 142/ kg compared to its previous closing of Rs 141/ kg, while RSS-5 variety closed at Rs 139/ kg compared to its previous close of Rs 138.50/ kg.
In the futures market, contract of May delivery firmed up to Rs 141 compared to its previous closing of Rs 140.23, while June delivery closed at Rs 144 compared to its previous close of Rs 142.34 on the National Multi Commodity Exchange (NMCE).
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Friday 16 May 2014
Physical rubber prices improved on Thursday
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