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Physical rubber prices remained steady on Tuesday
Date: 11-07-2012Physical rubber prices continued their steady trend on Tuesday due to continuous pressure and buyer resistance. Further refusal of the major players’ to join the buyers on the back of weak domestic futures added the pressure.
Spot prices for RSS- 4 and RSS- 5 variety continued to remain unchanged at Rs 187/ kg and 181.50/ kg respectively.
In the futures market, the contract of RSS-4 July delivery slipped to Rs. 184.80 compared to its previous closing of Rs. 185.51, while contract of August delivery closed at
Rs. 184.75 compared to its previous closing of Rs. 185.20 on the National Multi Commodity Exchange.