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Physical rubber prices remained steady on Saturday

24 Oct 2011 Evaluate

Physical rubber prices showed a steady trend on Saturday, though the global markets remained firm and the domestic future markets too showed some recovery in the final hours. However, the buyers resistance in the spot markets restricted any upmove.

Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 210/kg and Rs 206/kg.

In the futures market, the contract of RSS-4 for November delivery closed at Rs 211.81 compared to its previous closing of Rs 209.85, while the contract for December delivery closed at Rs 212 compared to its previous closing of Rs 210.62 on the National Multi Commodity Exchange.

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