Physical Rubber prices extend gains on Thursday

Physical Rubber prices extended gains on Thursday due to a severe supply crunch and strong demand from domestic tyre manufacturers. Moreover, rising production costs of petroleum-based synthetic rubber also boosted natural rubber demand.

Spot prices for the RSS-4 variety rose to Rs 287/kg to its previous closing of Rs 286/kg; while the RSS-5 variety gained to Rs 281/kg to its previous closing of Rs 279.50/kg.