Physical Rubber prices extend gains on Wednesday
Physical Rubber prices extended gains on Wednesday driven by robust demand from the automotive and tyre industries. Besides, increasing production costs for synthetic alternatives and continued domestic supply shortages have also reinforced the upward trend in natural rubber prices.
Spot prices for the RSS-4 variety rose to Rs 248/kg to its previous closing of Rs 245/kg; while the RSS-5 variety gained to Rs 244/kg to its previous closing of Rs 241/kg.
