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Physical rubber prices weaken further on Thursday

05 Apr 2013 Evaluate

Physical rubber prices weakened further on Thursday. There were no fresh factors to set a positive trend in the market and it continued to explore further lows following an almost panic selling from dealers.

Spot prices for RSS-4 variety weakened to Rs 164/ kg compared to its previous closing of Rs 165.50/ kg, while RSS-5 variety closed at Rs 162/ kg compared to its previous closing of Rs 164/ kg.

In the futures market, contract of April delivery closed at Rs 161.80 compared to its previous closing of Rs 162.10 while May delivery closed at Rs 164.68 compared to its previous closing of Rs 163.82 on the National Multi Commodity Exchange (NMCE).

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