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Our Correspondent

Kottayam , July 12

THE domestic spot rubber market moved up further on Tuesday as the covering groups and purchase agents turned active once again, inspired by an extremely bullish TOCOM closing.

Growers and stockists were comfortable on the sidelines as the news on moderate export enquiries also supported the day's sentiments. But, according to observers, exporters were not so active in the market.

Sheet rubber RSS 4 improved to Rs 65 from Rs 64.50 a kg at Kottayam while the grade closed static at Rs 65 at Kochi.

The market is expecting fresh quotes from the tyre sector and the trend might gather momentum once they enter the market with quantum purchase orders, dealers said.

The rubber futures followed suit quoting the July contract at Rs 64.49 a kg (63.94), August at Rs 65.48 (65.05), September at Rs 63.30 (62.85), and October at Rs 60.89 (60.47) for RSS 4.

The volumes were comparatively low.

At TOCOM the August futures for RSS 3 moved up sharply to 192.8 yen against 187.8 yen on Monday.

The prices a kg were as follows: RSS-4 65 (64.50), RSS-5 62.50 (62), ungraded 60 (60), ISNR 20 59 (58), and latex 60% 42 (41).

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