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Physical rubber prices improve on Tuesday

18 Jan 2012 Evaluate

Physical rubber prices made some improvement on Tuesday, the gains in domestic and international futures supported the prices to some extent, though there seemed no fresh enquiries from major consuming industries.

The spot prices for RSS-4 variety closed at Rs 190/kg compared with its previous closing of Rs 187.50/kg, while the RSS-5 variety closed at Rs 183/kg compared to its previous closing of Rs 181/kg.

In the futures market, the contract for February delivery closed at Rs 195.90 compared with its previous closing of Rs 192.47, while the contract for the March delivery closed at Rs 199.75 compared to its previous closing of Rs 196.42 on the National Multi Commodity Exchange.

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