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Physical Rubber prices declined on Thursday

22 Nov 2013 Evaluate

Physical Rubber prices declined on Thursday due to lack of enquiries from the major consuming industries. Further, weak closing in the domestic futures market too influenced rubber prices.

Spot prices for RSS-4 variety declined to Rs 155 compared to its previous closing of Rs 156; while the RSS-5 variety closed at Rs 146 compared to its previous closing of Rs 147.

In the futures market, contract of December delivery dropped to Rs 156 compared to its previous close of Rs 156.68, while January delivery closed at Rs 157.72 compared to its previous closing of Rs 158.55 on the National Multi Commodity Exchange (NMCE).

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