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Physical rubber prices remain steady after a series of decline

27 May 2011 Evaluate

Physical rubber prices after declining for last couple of days finally stabilized on Thursday. Though, the future markets witnessed some loss and market activities remained dull lacking any active participation from either the buyer or seller to give any firm direction.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 217/kg and Rs 214/kg respectively.

In the futures market, the contract for June delivery of RSS-4 closed at Rs 216.56 compared to its previous closing of Rs 218.43, while the contract for July delivery closed at Rs 220.50 compared to its previous closing of Rs 221.67 on the National Multi Commodity Exchange.

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