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Physical rubber prices decline again on Tuesday

16 Nov 2011 Evaluate

Physical rubber prices once again returned to their southbound journey and suffered sharp losses on Tuesday on the back of buyers resistance and profit booking at higher levels, while fall in domestic future prices too weighed on the commodity.

Spot prices for RSS-4 variety closed at Rs 190/kg compared to its previous closing of Rs 195/kg, while the RSS-5 variety closed at Rs 187/kg compared to its previous closing of Rs 190/kg.

In futures market, the contract of RSS-4 for November delivery expired at Rs 188.00 compared to its previous closing of Rs 191.80, while the contract for December delivery declined to Rs 186.90 compared to its previous closing of Rs 192.57 on the National Multi Commodity Exchange.

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