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Physical rubber prices declined on Tuesday

10 Sep 2014 Evaluate

Physical rubber prices declined on Tuesday following sharp declines on the National Multi Commodity Exchange. Further, domestic futures fell below Rs 120 during late trading hours, too added pressure on spot prices.

Spot prices for RSS-4 variety declined to Rs 123/ kg compared to its previous closing of Rs 126/ kg, while RSS-5 variety closed at Rs 117/ kg compared to its previous close of Rs 120/ kg.

In the futures market, contract of September delivery slipped to Rs 117.25 compared to its previous close of Rs 122.03, while October delivery closed at Rs 116.66 compared to its previous closing of Rs 120.70 on the National Multi Commodity Exchange (NMCE).

 

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