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Physical rubber prices recover on Wednesday

30 Jun 2011 Evaluate

Physical rubber prices made some recovery on Wednesday taking cues from the bounce back in the futures market. Though, there were no fresh enquiry from the tyre sector but lack of sellers helped the spot prices move up.

Spot prices for RSS-4 variety closed at Rs 209.50/kg compared to its previous closing of Rs 206/kg, while the RSS-5 variety closed at Rs 207/kg compared to its previous closing of Rs 204/kg.

In the futures market, the contract of RSS-4 for July delivery closed at Rs 209.87 compared to its previous closing of Rs 208, while the contract of August closed at Rs 211.02 compared to its previous closing of Rs 209.08 on the National Multi Commodity Exchange.

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