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Physical rubber prices improve on Wednesday

08 Dec 2011 Evaluate

Physical rubber prices made headway on Wednesday and came out of the consolidation mood, supported by the gains in the domestic and global future markets. Also the sellers stayed back on higher expectations.

Spot prices for RSS-4 variety closed at Rs 205/kg compared to its previous closing of Rs 202/kg, while the RSS-5 variety closed at Rs 200/kg compared to its previous closing of Rs 198/kg.

In the futures market, the contract of RSS-4 for December delivery increased to Rs 206.10 from its previous closing of Rs 204.54, while the contract for January delivery closed at Rs 207.70 compared to its previous closing of Rs 204.90 on National Multi Commodity Exchange.

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