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Physical rubber prices strengthened further

07 Jul 2011 Evaluate

Physical rubber prices strengthened further on Wednesday on some supply concerns and the absence of quantity sellers, while the resumption of rain too strengthened the market. Though, the future prices declined marginally but there was no buying pressure from major consuming industries in the spot markets. 

Spot prices for RSS-4 variety closed at Rs 217/kg compared to its previous closing of Rs 215/kg, while the RSS-5 variety closed at Rs 214/kg compared to its previous closing of Rs 212/kg.

In the futures market the contract of RSS-4 for July delivery closed at Rs 213.80 compared to its previous closing of Rs 213.73, while the contract of August delivery closed at Rs 216.15 compared to its previous closing of Rs 216.82 on the National Multi Commodity Exchange.

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