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Physical rubber prices decline further on Thursday

22 Jul 2011 Evaluate

Physical rubber prices declined further on Thursday mainly because of buyers’ resistance. The weakness in domestic and international futures too weighed on the prices. TOCOM rubber futures plunged ahead of the emergency European Summit in Brussels.

Spot prices for RSS-4 variety closed at Rs 213/kg compared to its previous closing of Rs 214/kg, while RSS-5 variety closed at Rs 210/kg compared to its previous closing of Rs 211/kg.

In the futures market, The contract of RSS 4 for August delivery closed at Rs 208.50 compared to its previous closing of Rs 213.01, while contract of September delivery closed at Rs 208.41 compared to its previous closing of Rs 211.92 on the National Multi Commodity Exchange.

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