Physical rubber prices decline further on Wednesday

Physical rubber prices continued their weakness on Wednesday tailing the decline in the domestic futures market. The international futures too, gave up their gain after surging high in last session. There was not much enquiry from the consuming industries that too weighed on the sentiments.

Spot prices for RSS-4 variety closed at Rs 193.25/kg compared to its previous closing of Rs 194/kg; while the RSS-5 variety closed at Rs 192/kg compared to its previous closing of Rs 192.50/kg.

In futures market, the contract of RSS-4 for June delivery closed at Rs.193.20 compared to its previous closing of Rs 193.91, while the contract for July delivery closed at Rs.196.18 compared to its previous closing of Rs 197.06 on the National Multi Commodity Exchange.