Physical Rubber prices witness gains on Tuesday
Physical Rubber prices witnessed gains on Tuesday driven by strong industrial demand and global supply concerns. Meanwhile, surging crude oil prices have increased the production cost of synthetic rubber, making natural rubber more economically attractive to industrial buyers.
Spot prices for the RSS-4 variety rose to Rs 217.50/kg to its previous closing of Rs 217/kg; while the RSS-5 variety gained to Rs 212.50/kg to its previous closing of Rs 212/kg.
