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28-Jan2017

Physical Rubber prices witness improvement on Friday

Physical Rubber prices showed good improvement on Friday, tracking the sharp gains in global indices. Though, some gains were capped as the major manufacturers continued to abstain from the local markets. Spot prices for RSS-4 variety jumped to 154/ kg compared to its previous closing of Rs 150/ kg; while the RSS-5 variety climbed to 145/ kg compared to its previous closing of Rs 142/ kg.

In the futures market, February delivery improved to Rs 159.17 compared to its previous closing of Rs 153.05, while March delivery closed at Rs 166.34 compared to its previous close of Rs 159.95 on the National Multi Commodity Exchange (NMCE).


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