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Physical rubber prices improved on Saturday

12 Mar 2012 Evaluate

Physical rubber prices made some improvement on Saturday supported by lower level buying. The fresh buying and short covering got a boost with the gains in the domestic futures market.

Spot prices for RSS-4 variety closed at Rs 191/kg compared to Rs 189.50/kg, while the RSS-5 variety closed at Rs 188/kg compared to its previous closing of Rs 187/kg.

In futures market, the contract of RSS-4 for March delivery moved higher to Rs 190.86 compared to its previous closing of Rs 190.20, while the contract for April delivery closed at Rs 197.28 compared to its previous closing of Rs 196.50 on the National Multi Commodity Exchange.

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