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Home Global rubber market news

India: NMCE Rubber likely to trade firm on short covering

Renton Campoy by Renton Campoy
August 10, 2024
in Global rubber market news, Global rubber prices reports, India
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Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Fri Mon Tue
RSS 4 133.05 133.3 133.45
RSS 5 110 111 111
Ungraded 103 103 104
ISNR 20 104.5 104.5 104.5
Latex(60% drc) 79.25 79.25 79.8

 

Spot Rubber prices advanced to Rs 104/ kg on Tuesday.

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NMCE Rubber April contract traded firm due to short covering from traders. It likely to trade firm in next trading session as well on short covering. Trading range for next trading session is seen between 12450-12550 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures (Apr contract, INR)
Day Open High Low Close
Mon 12401 12420 12480 12399
Tue 12450 12555 12435 12485

Tocom (Aug contract Yen/ Kilogram)

Day Open High Low Close
Mon 214.6 214.8 213.8 214
Tue 216.9 217.4 214.4 215.2

– Commodity Online

Tags: Commodity OnlineFUTURESIndiaKOTTAYAMnatural rubberNMCERSSrubberrubber pricesSpot rubberTOCOM
Renton Campoy

Renton Campoy

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