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Physical rubber prices add gains on Monday

27 Mar 2012 Evaluate

Physical rubber prices improved further on Monday on the back of fresh buying and short covering as certain traders turned active to exploit the current situation. The arrivals too remained low and helped the prices move higher.

Spot prices for RSS-4 variety closed at Rs 199.50/kg compared to its previous closing of Rs 197.50/kg; while the RSS-5 variety closed at Rs 197/kg compared to its previous closing of Rs 196/kg.

In the futures market, the contract of RSS-4 for April delivery closed at Rs 200.20 compared to its previous closing of Rs 200.09,while the contract for May delivery closed at Rs 205.49 compared to its previous closing of Rs 205.17 on the National Multi Commodity Exchange.

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