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Physical rubber prices stabilize on slack demand

30 Jun 2012 Evaluate
Physical rubber prices steadied on Friday as there is no fresh factor to determine a clear cut trend which has resulted in a neutral stay back of market without sufficient active traders, while futures had shown a good improvement.

Spot prices for RSS- 4 and RSS- 5 variety remains unchanged at Rs. 186/ kg and Rs. 180/ kg respectively.

In the futures market, the contract of RSS- 4 July delivery improved to Rs. 187.20 compared to its previous closing of Rs. 185.41, while contract of August delivery closed at Rs.184.75 compared to its previous closing of Rs. 182.35 on the National Multi Commodity Exchange.


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