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Physical Rubber prices showed some uptrend on Tuesday

01 Jan 2014 Evaluate

Physical rubber showed some uptrend on Tuesday on covering purchases at lower levels following the Government’s decision to hike the import duty. However, buyer resistance in the market capped the gains in rubber prices.

Spot prices for RSS-4 variety remained unchanged at Rs 164/kg, while RSS-5 variety improved to 157/kg compared to its previous closing of Rs 156.50/ kg.

In the futures market, contract of January delivery declined to Rs 165.60 compared to its previous close of Rs 166.55, while February delivery closed at Rs 168.00 compared to its previous closing of Rs 169.05 on the National Multi Commodity Exchange (NMCE).

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