Physical Rubber prices witness gains on Tuesday
Physical Rubber prices witnessed gains on Tuesday driven by persistent global supply shortages and surging demand. A sharp rise in crude oil prices has increased the cost of synthetic rubber alternatives, thereby supporting natural rubber prices.
Spot prices for the RSS-4 variety rose to Rs 217/kg to its previous closing of Rs 216.50/kg; while the RSS-5 variety gained to Rs 212/kg to its previous closing of Rs 211.50/kg.
