Physical rubber prices improved on Monday following sharp gains in stock markets and moderate recovery in domestic futures market. Further, lower arrivals in the local trading houses too supported rubber prices uptrend.
Spot prices for RSS-4 variety improved to Rs 145/ kg compared to its previous closing of Rs 142/ kg, while RSS-5 variety closed at Rs 141/ kg compared to its previous close of Rs 140/ kg.
In the futures market, contract of June delivery flared up to Rs 148.79 compared to its previous closing of Rs 144.46, while July delivery closed at Rs 150 compared to its previous close of Rs 145.70 on the National Multi Commodity Exchange (NMCE).
No comments:
Post a Comment