Physical Rubber prices showed firmness on Wednesday in line with sustained gains in global trendsetters. The Association of Natural Rubber Producing Countries said global consumption is expected to increase 2.6 percent on-year in August-October. Ongoing supply crunch in the market too supported rubber prices. Though, lack of enquiries from the non-tyre sector capped some gains.
Spot prices for RSS-4 variety gained to 140/ kg compared to its previous closing of Rs 138/ kg; while the RSS-5 variety jumped to 135/ kg compared to its previous closing of Rs 133/ kg.
