Physical rubber made a mixed closing on Monday

Physical rubber prices made a mixed closing on Monday, though the trade started on a weak note but some recovery was seen on covering purchases at lower levels. However, sharp declines in the Japanese futures and a weak closing on the domestic futures market kept prices under pressure.

Spot prices for RSS-4 remained unchanged at Rs 194/kg; while RSS-5 closed at Rs 192.50/kg compared to its previous closing of Rs 193/kg.

In futures market, the contract of RSS-4 for May delivery closed at Rs 191 compared to its previous closing of Rs 192.36, while the contract of June delivery closed at Rs 195.30 compared to its previous closing of Rs 197.06 a kg on National Multi Commodity Exchange.