Rubber Witnesses Down Trend

Kottayam: A corrective phase in domestic futures put spot rubber under pressure on Aug 1. TOCOM, the global trend setter also declined to the negative territory in late trading quoting its August futures at 257.7 The rubber futures opened in a firm note but lost its grip immediately following profit booking at higher levels. On NMCE, the August contract fell to Rs 87.47 (88.66), September to Rs 83.45 (84.50), October to Rs 81.60 (82.54) and November contract to Rs 81.07 (82.05) a kg for RSS 4. The August contract fell to Rs 86.47 (86.75) a kg on MCX. Spot rubber prices were (Rs/kg): RSS-4: 87.50 (88); RSS-5: 86 (86.50); ungraded: 83 (84); ISNR 20: 86 (86.50) and latex 60 per cent: 60 (60).