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Physical rubber prices declined on Friday

31 May 2014 Evaluate

Physical rubber prices declined on Friday following weakness in domestic and international trendsetters, though lower arrivals in the local trading houses capped some losses in rubber prices to some extent.

Spot prices for RSS-4 variety declined to Rs 147/ kg compared to its previous closing of Rs 149/ kg, while RSS-5 variety closed at Rs 144/ kg compared to its previous close of Rs 146/ kg.

In the futures market, contract of June delivery weakened to Rs 146.20 compared to its previous closing of Rs 147.86, while July delivery closed at Rs 144.15 compared to its previous close of Rs 147.02 on the National Multi Commodity Exchange (NMCE).

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