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Physical rubber prices drops further on Friday

11 Aug 2012 Evaluate

Physical rubber prices closed week again on Friday, on the back of the retreat in demand due to the buyers resistance even at the lower levels. However the commodity sustained at the existing levels on the marginal recovery of domestic futures during the current month.

Spot prices for RSS- 4 variety remained unchanged at Rs. 174/ kg compared to its previous closing of Rs. 175.50/ kg, while RSS-5 variety closed at Rs. 167/ kg compared to its previous closing of Rs. 168/ kg.

In the futures market, the contract of RSS- 4 August delivery improved to Rs. 176 compared to its previous close of Rs. 173.54, while September delivery closed at Rs. 166.80 compared to its previous close of Rs. 167.64 on the National Multi Commodity Exchange.






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