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Physical rubber shows mixed trend on Wednesday

03 May 2012 Evaluate

Physical rubber prices showed mixed trend on Wednesday, while the futures markets improved a bit after plunging in last session. Though, there was absence of quantity buyers and fresh enquiries from major consuming industries but market made marginal gains in selected counters.

Spot prices for RSS-4 variety remained unchanged at Rs196/kg, while the RSS-5 variety improved marginally to Rs 194.50/kg compared to its previous closing of Rs 194/kg.

In futures market, the contract of RSS- 4 for May delivery closed at Rs 193.65 compared to its previous closing of Rs 192.71, while the contract for June closed at Rs 199.50 compared to its previous closing of Rs 199.20 on the National Multi Commodity Exchange.

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