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Physical rubber prices add gains on Thursday

03 Jun 2011 Evaluate

Physical rubber prices added gains on Thursday on the back of supply concern as the heavy rains, after arriving two days in advance affected production and supplies to a great extent in almost all plantations.

Spot prices for rubber of RSS-4 variety closed at Rs 226/kg compared to its previous closing of Rs 223.50/kg, while the RSS-5 variety closed at Rs 221/kg compared to its previous closing of Rs 220/kg.

In the futures market contract of RSS-4 for June delivery closed at Rs 228.40 compared to its previous closing of Rs 226.60, while contract for July delivery closed at Rs 233.35 compared to its previous closing of Rs 231.44 on National Multi Commodity Exchange.

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