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Physical rubber prices improve marginally on Wednesday

08 Nov 2012 Evaluate

Physical rubber prices made a marginal improvement on Wednesday. The partial recovery in global trendsetters and an improvement in domestic futures on early trades kept the market in the positive direction.

Spot prices for RSS-4 variety improved to Rs 175/ kg compared to its previous closing of Rs 174/ kg, while RSS-5 variety closed at Rs 171/ kg compared to its previous closing of Rs 170/ kg.

In the futures market, contract of November delivery weakened to Rs 175.40 compared to its previous close of Rs 176.46, while December delivery closed at Rs 177.05, compared to its previous closing of Rs 178.06 on the National Multi Commodity Exchange (NMCE).

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