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29-Sep2016

Physical Rubber prices extend weakness on Wednesday

Physical rubber prices extended weakness on Wednesday. Spot prices for RSS-4 variety declined to Rs 119/ kg compared to its previous closing of Rs 120/ kg; while the RSS-5 variety dropped to Rs 115/ kg compared to its previous closing of Rs 116/ kg.

In the futures market, contract of October delivery declined to Rs 116.84 compared to its previous closing of Rs 117.38, while November delivery closed at Rs 117.22 compared to its previous close of Rs 117.24 on the National Multi Commodity Exchange (NMCE).


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