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Physical rubber prices declines further on Monday

21 Jun 2011 Evaluate

Physical rubber prices extended their fall on Monday on supply concerns as major consuming industries were totally inactive. Also there was a report that Rubber consumption has seen a decline in May as compared to the same month last year. The domestic and international futures too declined weighing down the prices.

The spot rubber for RSS-4 variety closed at Rs 222.50/kg compared to its previous closing of Rs 224.00/kg , while the RSS-5 variety closed at Rs 220.00/kg  compared to its previous closing of Rs 222.00/kg .

In the futures market, the contract of RSS-4 for July delivery closed at Rs 222.10 compared to its previous closing of Rs 222.75, while the contract for August delivery closed at Rs 224.19 compared to its previous closing of Rs 224.57 on National Multi Commodity Exchange.

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