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Physical rubber prices showed some weakness on Monday

11 Mar 2014 Evaluate

Physical rubber prices showed some weakness on Monday as there was no follow up buying in the market. Further, reports from the domestic and international futures markets too added pressure on physical rubber prices.

Spot prices for RSS-4 variety remain unchanged at Rs 146/ kg, while RSS-5 variety weakened to Rs 143.50/ kg compared to its previous closing of Rs 144/ kg.

In the futures market, contract of March delivery weakened to Rs 144.01 compared to its previous closing of Rs 144.65, while April delivery closed at Rs 149 compared to its previous close of Rs 149.66 on the National Multi Commodity Exchange (NMCE).

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