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Physical rubber prices inches up on Thursday

23 Nov 2012 Evaluate

Physical rubber prices continued to make moderate gains on Thursday. Positive reports from the Japanese market and absence of quantity sellers at the prevailing levels kept the buyers comparatively active during closing hours.

Spot prices for RSS-4 variety improved to Rs 173/ kg compared to its previous close of Rs 171/ kg, while RSS-5 variety closed at Rs 169/ kg compared to its previous closing of Rs 167/ kg.

In the futures market, contract of December delivery closed higher at Rs 176.75 compared to its previous closing of Rs 175.17, while January delivery closed at Rs 178.90 compared to its previous closing of Rs 177.29 on the National Multi Commodity Exchange (NMCE).

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