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Physical Rubber prices declined on Thursday

06 Dec 2013 Evaluate

Physical Rubber prices declined on Thursday due to lack of quantity buyers in the market. Further, declines in domestic futures market too influenced rubber prices.

Spot prices for RSS-4 variety declined to Rs 150 compared to its previous closing of Rs 151; while the RSS-5 variety closed at Rs 140 compared to its previous closing of Rs 142.

In the futures market, contract of December delivery dropped to Rs 151.80 compared to its previous close of Rs 151.90, while January delivery closed at Rs 153.35 compared to its previous closing of Rs 153.90 on the National Multi Commodity Exchange (NMCE).

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