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Physical rubber prices improved on Friday

24 May 2014 Evaluate

Physical rubber prices improved on Friday due to higher demand from tyre sector. Further, lower arrivals in the local trading houses too supported rubber prices uptrend.

Spot prices for RSS-4 variety improved to Rs 147/ kg compared to its previous closing of Rs 145.50/ kg, while RSS-5 variety closed at Rs 143.50/ kg compared to its previous close of Rs 142.50/ kg.

In the futures market, contract of June delivery weakened to Rs 150 compared to its previous closing of Rs 150.41, while July delivery closed at Rs 151.50 compared to its previous close of Rs 151.88 on the National Multi Commodity Exchange (NMCE).

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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