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Physical Rubber Prices extended gains on Thursday

12 Jun 2015 Evaluate

Physical Rubber Prices extended gains on Thursday on supply concerns in the market. Though, lack of visible buying pressure in the local trading houses, capped some gains.

Spot prices for RSS-4 variety improved to Rs 131.50/ kg compared to its previous closing of Rs 131/ kg; while the RSS-5 variety improved to Rs 128.50/ kg compared to its previous closing of Rs 128/ kg.

In the futures market, contract of June delivery improved to Rs 130.89 compared to its previous closing of Rs 129.45, while July delivery closed at Rs 136.92 compared to its previous close of Rs 134.80 on the National Multi Commodity Exchange (NMCE).

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