Physical Rubber prices showed some firmness on Tuesday on account of lower arrivals in the local trading houses. However, lack of follow-up buying at higher levels, capped gains in rubber prices to some extent.
Spot prices for RSS-4 variety remained unchanged at Rs 145/ kg; while the RSS-5 variety improved to Rs 142/kg compared to its previous closing of Rs 141/kg.
In the futures market, contract of June delivery inched up to Rs 148.85 compared to its previous close of Rs 148.64, while July delivery closed at Rs 150.25 compared to its previous closing of Rs 149.84 on the National Multi Commodity Exchange (NMCE).
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Wednesday 21 May 2014
Physical Rubber prices showed some firmness on Tuesday
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