Physical rubber prices made a mixed closing on Wednesday, though the domestic futures market showed some recovery but lack of demand in some grades was unable to support the prices. Weather variations too seemed to have confused traders who decided to wait for clarity to take positions in futures market.
Spot prices for RSS-4 variety closed unchanged at Rs 227.50/kg, while RSS-5 variety closed at Rs 226/kg compared to its previous closing of Rs 225/kg.
In futures market, the contract of RSS-4 for June delivery expired at Rs 229.25 compared to its previous closing of Rs 227.39, while the July contract closed at Rs 230.70 compared to its previous closing of Rs 231.93 on National Multi Commodity Exchange.
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