Physical Rubber prices witness some gains on Wednesday

Physical Rubber prices witnessed some gains on Wednesday amid tight global supply conditions. Moreover, surging crude oil prices also increased the production costs of petroleum-based synthetic rubber and boosted up natural rubber demand.

Spot prices for the RSS-4 variety gained to Rs 280/kg to its previous closing of Rs 279/kg; while the RSS-5 variety unchanged at its previous closing of Rs 274/kg.