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Physical rubber prices bounce back on Monday

15 Nov 2011 Evaluate

Physical rubber prices got a halt to their declining streak on Monday and moved higher supported by surge in the global markets, while the early gains in domestic futures too strengthened the prices, however future prices declined latter on selling pressure.

The spot prices for RSS-4 variety closed at Rs 195.00/kg compared to its previous closing of Rs 192.00/kg, while the RSS-5 variety closed at Rs 190.00/kg compared to its previous closing of Rs 187.00/kg.

In the futures market the contract for November delivery declined to Rs 191.70 compared to its previous closing of Rs 198.03, while the contract for December delivery closed at Rs 192.15 compared to its previous closing of Rs 196.59 on National Multi Commodity Exchange.

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