Wednesday 7 May 2014

Physical Rubber prices showed some weakness on Tuesday

Physical Rubber prices showed some weakness on Tuesday due to lack of genuine buyers and sellers, following sharp fall in the domestic futures market.Spot prices for RSS-4 variety remained unchanged at Rs 139/ kg; while the RSS-5 variety declined to Rs 136 compared to its previous closing of Rs 136.50.
In the futures market, contract of May delivery dropped to Rs 135.30 compared to its previous close of Rs 139.29, while June delivery closed at Rs 138.40 compared to its previous closing of Rs 142.12 on the National Multi Commodity Exchange (NMCE).

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