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Physical rubber prices suffer sharp cut on Thursday

30 Dec 2011 Evaluate

Physical rubber prices after remaining steady for last couple of days fell sharply on Thursday. The selling in the domestic markets intensified with the report that China sold some stocks of tyre grade from the country's bonded warehouses to ease inventories

The spot prices for RSS-4 variety closed at Rs 195.00/kg compared to its previous closing of Rs 200.00/kg, while RSS-5 variety closed at Rs 192.00/kg compared to its previous closing of Rs 196.00/kg.

In the futures market the contract of RSS-4 for January delivery declined to Rs 199.60 compared to its previous closing of Rs 201.07, while the contract for February delivery closed at Rs 201.80 compared to its previous closing of Rs 203.51 on National Multi Commodity Exchange.

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