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Physical rubber prices decline further on Thursday

24 Jun 2011 Evaluate

Physical rubber prices declined further on Thursday after witnessing a sharp cut in previous session on the back of sharp declines in the international markets and a bearish outlook in the domestic futures. Though there was no selling pressure but absence of buyers restricted the recovery in prices.

Spot prices for RSS-4 variety closed at Rs 216.50/kg compared to its previous closing of Rs 217.50/kg , while the RSS-5 variety closed at Rs 214.00/kg compared to its previous closing of Rs 215.00/kg.

In the futures market, contract of RSS-4 for July delivery closed at Rs 213.90 compared to its previous closing of Rs 212.23, while the contract of August closed at Rs 216.08 compared to its previous closing of Rs 215.32 on the National Multi Commodity Exchange.

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