Physical rubber prices turned lower on Wednesday, following weakness in the futures market. Buyers’ resistance too restricted any gains in the commodity and traders were expecting further drop in the prices.
Spot prices for RSS-4 variety closed at Rs 198/kg compared to its previous closing of Rs 198.50/kg, while RSS-5 variety closed at Rs 196/kg compared to its previous closing of Rs 196.50/kg.
In futures market, the contract of RSS-4 for April delivery closed at Rs 194.50 compared to its previous closing of Rs 195.41, while the contract for May delivery closed at Rs 200.49 compared to its previous closing of Rs 202.91on the National Multi Commodity Exchange.
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