Physical Rubber prices witnessed some strength on Tuesday in view of strong tyre demand outlook in the coming days. Further, fall in global production and diminished carryover stocks in Kerala have also helped rubber prices to trade higher. However, concerns over China’s fragile economy and property market limited further gains in commodity prices.
Spot prices for RSS-4 variety gained at Rs 164.50/ kg compared to its previous closing of Rs 164/ kg; while the RSS-5 variety unchanged at its previous closing of Rs 160/ kg.