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Physical Rubber prices witness improvement on Tuesday

26 Apr 2017 Evaluate

Physical Rubber prices showed some improvement on Tuesday as sellers stayed back expecting a short term recovery in the market. Spot prices for RSS-4 variety jumped to 141/ kg compared to its previous closing of Rs 140/ kg; while the RSS-5 variety climbed to Rs 137/ kg compared to its previous closing of Rs 136/ kg.

In the futures market, May delivery declined to Rs 142.53 compared to its previous closing of Rs 142.85, while June delivery closed at Rs 147.32 compared to its previous close of Rs 147.02 on the National Multi Commodity Exchange (NMCE).

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