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Physical rubber prices showed some firmness on Monday

30 Dec 2014 Evaluate

Physical rubber prices showed some firmness on Monday on fresh buying and short covering in the market. Though, weak closing in domestic rubber futures on National Multi Commodity Exchange (NMCE), capped some gains in rubber prices to some extent.

Spot prices for RSS-4 variety remained unchanged at Rs 130/ kg, while RSS-5 variety improved to Rs 122/ kg compared to its previous closing of Rs 120/ kg.

In the futures market, contract of January delivery weakened to Rs 125.73 compared to its previous closing of Rs 126.25, while February delivery closed at Rs 125.85 compared to its previous close of Rs 126.70 on the National Multi Commodity Exchange (NMCE).

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