Physical Rubber prices extend gains on Thursday
Physical Rubber prices extended gains on Thursday amid strong industrial demand, while rising crude oil prices increased the production cost of synthetic rubber, making natural rubber more economically attractive to industrial buyers. Besides, supply concerns also supported rubber prices.
Spot prices for the RSS-4 variety rose to Rs 226/kg to its previous closing of Rs 224/kg; while the RSS-5 variety gained to Rs 222/kg to its previous closing of Rs 220/kg.
