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Physical Rubber prices showed some uptrend on Saturday

02 Dec 2013 Evaluate

Physical rubber showed some recovery on Saturday on comparatively better demand. However, lack of quantity buyers in the markets following a weak closing in futures, capped the gains in rubber prices.

Spot prices for RSS-4 variety remained unchanged at Rs 153/kg, while RSS-5 variety improved to 143/kg compared to its previous closing of Rs 142.50/ kg.

In the futures market, contract of December delivery concluded at Rs 154.65 compared to its previous close of Rs 155.16, while January delivery closed at Rs 157 compared to its previous closing of Rs 157.30 on the National Multi Commodity Exchange (NMCE).

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