Breaking News

You are here » Indian-Commodity  :  Commodities  :  Physical Rubber Prices Decline Further On Thursday

29-Apr2011

Physical Rubber Prices Decline Further On Thursday

Physical rubber prices continued their decline on Thursday tracking the sharp cut in the futures market. The demand remained tepid from major consuming sectors and the commodity remained under pressure on scattered selling from dealers, volumes too were comparatively low.

Spot prices for RSS-4 variety closed at Rs 236.50/kg compared to its previous closing of Rs 237.50/kg, while RSS-5 variety closed at Rs 233/kg compared to its previous closing of Rs 234/kg.

In the futures market the contract for May delivery for RSS-4 declined to Rs 234.91 compared to its previous closing of Rs 237.00, while the contract for June delivery closed at Rs 239.28 compared to its previous closing of Rs 241.11 on the National Multi Commodity Exchange.

Related News

View all news

BT Cotton Seeds Businesses Targeting Earnings Of Rs 700 Crore This Season

BT Cotton seeds organizations are targeting earnings of Rs 700 cr this season as a result of a rise ......

Gold Challenges To Maintain Earlier Increases As The Problems In Europe Prolongs

Gold prices surrounded reduce on Monday because the euro solved their deficits in opposition to the ......

Copper Seems To Lengthen Uptrend As Dollar Recoils

Copper rates were able to lengthen the uptrend for 3rd instantly period on Monday, as traders proved......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......