Physical Rubber prices extend gains on Tuesday
Physical Rubber prices extended gains on Tuesday, bolstered by strong industrial demand and supply concerns globally. Meanwhile, rising crude oil prices increased the production cost of synthetic rubber and made natural rubber more economically attractive to industrial buyers.
Spot prices for the RSS-4 variety rose to Rs 222/kg to its previous closing of Rs 221/kg; while the RSS-5 variety gained to Rs 218/kg to its previous closing of Rs 217/kg.
