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Physical rubber prices rule weak on Tuesday

19 Dec 2012 Evaluate

Physical rubber prices continued to remain weak on Tuesday, on low demand as major consuming industries kept away from the market. However, arrivals were also low probably on expectations following recovery in global trend setters.

Spot prices for RSS-4 variety lowered to Rs 162/ kg, compared to its previous closing of Rs 163/ kg, while RSS-5 variety closed at Rs 156/ kg compared to its previous closing of Rs 157/ kg.

In the futures market, contract of January delivery weakened to Rs 165.60 compared to its previous close of Rs 166.28, while February delivery closed at Rs 168 compared to its previous closing of Rs 168.56 on the National Multi Commodity Exchange (NMCE).

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