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Physical Rubber prices witness firmness on Wednesday

15 Dec 2016 Evaluate

Physical Rubber prices extended its firmness on Wednesday as the market regained strength on covering purchases. Spot prices for RSS-4 variety jumped to 134/ kg compared to its previous closing of Rs 131/ kg; while the RSS-5 variety climbed to 129/ kg compared to its previous closing of Rs 126/ kg.

In the futures market, December delivery improved to Rs 137.70 compared to its previous closing of Rs 133.32, while January delivery closed at Rs 143.26 compared to its previous close of Rs 137.88 on the National Multi Commodity Exchange (NMCE).

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