Physical rubber prices firm up on Monday

Physical rubber prices extended their gains on Monday, prices firmed up despite some weakness in the domestic futures market. Supply concerns and a marginal recovery in Bangkok helped the markets to remain firm.

Spot prices for RSS-4 variety closed at Rs 196 compared to its previous closing of Rs 195; while the RSS-5 variety closed at Rs 194 compared to its previous closing of Rs 193.50,

In futures market, the contract of May delivery weakened to Rs 192.80 compared to its previous closing of Rs 194.72, while the contract of June delivery closed at Rs 199.50 compared to its previous closing of Rs 201.41 on the National Multi Commodity Exchange.