Physical Rubber prices witnessed improvement on Wednesday due to expectations of higher demand from the automobile tyre industry. Further, lingering supply concerns in the market also supported rubber prices’ uptrend. Spot prices for RSS-4 variety gained to Rs 182/ kg compared to its previous closing of Rs 181/ kg; while the RSS-5 variety firmed to Rs 180/ kg compared to its previous closing of Rs 179/ kg.
In the futures market, December delivery gained to Rs 177.90 compared to its previous closing of Rs 177.58 on the Indian Commodity Exchange Limited (ICEX).