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Physical rubber prices continue to improve on Friday

29 Dec 2012 Evaluate

Physical rubber prices continued to improve on Friday in tandem with the overall gains in the domestic and international futures. Though there were no genuine buyers in the commodity to catalyze the sentiments, the absence of quantity sellers as growers preferred to hold the stocks triggered short covering on late trades.

Spot prices for RSS-4 variety continued to improve to Rs 161.50/ kg compared to its previous closing of Rs 161/ kg, while RSS-5 variety closed at Rs 155.50/ kg compared to its previous closing of Rs 155/ kg.

In the futures market, contract of January delivery concluded at Rs 165.41 compared to its previous close of Rs 163.57, while February delivery closed at Rs 168 compared to its previous closing of Rs 165.87 on the National Multi Commodity Exchange (NMCE).

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