Rubber Price Today 27-05-2023

Tire manufacturers are raising prices as a result of the rubber shortage in major markets. The price of RSS-4 grade rubber went up by Rs 200 to trade at 18,600 in a single day. Rubber exporting countries are getting ready to increase sheet prices in response to the expected rise in demand from the Asian tyre sector. Concerns are arising in the industrial sector about the potential shortage of sheet and latex due to heavy rains causing tapping interruptions in various rubber producing countries, including Thailand.