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Physical rubber prices continue their decline on Thursday

08 Jun 2012 Evaluate

Physical rubber prices continued their declining trend on Thursday as the domestic futures too lost its traction and dropped marginally. However, the Japanese TOCOM rubber futures recovered partially from its two-and-a-half-year low but could not support the domestic spot prices.

Spot prices for RSS-4 variety closed at Rs 190/kg compared to its previous closing of Rs 191/kg, while the RSS-5 variety closed at Rs 186/kg compared to its previous closing of Rs 189/kg.

In the futures market, the contract of RSS-4 for June delivery declined to Rs 190 compared to its previous closing of Rs 191.03, while the contract of July delivery closed at Rs 190.11 compared to its previous closing of Rs 193.02 on the National Multi Commodity Exchange.

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