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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.

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