Kottayam: The domestic rubber market resumed the upward journey as TOCOM bounced back gathering steam from a strong close in oil and gold futures. In the physical front, sheet rubber settled higher at Rs 100 a kg on renewed buying interest. According to observers, there have been enquiries from certain manufacturers up to the quoted level. Supply was poor as nobody seemed interested to sell in an extremely bullish environment.
Futures gain
In futures, the last traded price for November was Rs 100.16 (98.67) a kg on MCX. The November contract for RSS 4 finished the session at Rs 100.81 (99.07), December at Rs 102.12 (100.20), January at Rs 103.25 (101.52) and February at Rs 104.11 (102.65) per kg on NMCE. Spot prices were (Rs/kg): RSS-4: 100 (97); RSS-5: 98 (95); ungraded: 95 (93); ISNR 20: 97 (93.50) and latex 60 per cent: 64.20 (64.20).
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