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Physical rubber prices turn weak on Tuesday

31 Oct 2012 Evaluate

Physical rubber prices weakened on Tuesday.  The wide gap between the domestic and international markets and the absence of genuine buyers from the industrial sector kept the commodity under pressure during late trading hours.

Spot prices for RSS-4 variety weakened to Rs 177/ kg compared to its previous closing of Rs 179/ kg, while RSS-5 variety closed at Rs 173/ kg compared to its previous closing of Rs 174 /kg.

In the futures market, contract of November delivery improved marginally to Rs 177.90 compared to its previous closing of Rs 177.77, while December delivery closed at Rs 179.80 compared to its previous close of Rs 178.98 on the National Multi Commodity Exchange (NMCE).

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