Physical Rubber prices witness gains on Wednesday
Physical Rubber prices witnessed gains on Wednesday due to rising demand at domestic markets. Moreover, expectations of tighter global supply due to heavy rains in the world’s top producer Thailand and strong automobile sales data from the US and China, also supported rubber prices’ up-move.
Spot prices for the RSS-4 variety rose to Rs 201.50/kg compared to its previous closing of Rs 201/ kg; while the RSS-5 variety gained to Rs 198.50/kg compared to its previous closing of Rs 198/ kg.
