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Physical rubber prices continue to decline on Thursday

12 Oct 2012 Evaluate

Physical rubber prices continued to decline on Thursday. The weakness in the domestic and global futures and absence of major manufacturers in the buyers queue kept the commodity in a bearish trend.

Spot prices for RSS-4 variety continued to decline to Rs 189/ kg compared to its previous closing of Rs 190/ kg, while RSS-5 variety closed at Rs 182/ kg compared to its previous closing of Rs 184/ kg.

In the futures market, contract of October delivery slipped to Rs 191.20 compared to its previous close of Rs 191.66, while November delivery closed at Rs 186 compared to its previous close of Rs 186.40 on the National Multi Commodity Exchange (NMCE).

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