Natural Rubber
Kottayam Spot (Rs/kg) current week
Variety | Mon | Tue |
RSS 4 | 106.5 | 106 |
RSS 5 | 105 | 104.5 |
Ungraded | 92 | 91 |
ISNR 20 | 87 | 86.5 |
Latex(60% drc) | 80.3 | 79.8 |
Spot Rubber prices declined to Rs 91/kg on Tuesday.
NMCE Rubber lost 0.79% to close at 10515 after testing a low of 10440 in intraday. The support at 10450 still remains intact and further downside can be expected to 10250, 10000. On the upside, 10650 is a potential resistance for prices. The intraday bias for tomorrow is neutral-negative.
Indian futures scenario
NMCE Futures (Dec contract, INR) | ||||
Day | Open | High | Low | Close |
Mon | 10600 | 10645 | 10590 | 10600 |
Tue | 10650 | 10650 | 10440 | 10515 |
Tocom (May contract Yen/ Kilogram)
Day | Open | High | Low | Close |
Mon | 162.8 | 162.8 | 160.9 | 162 |
Tue | 163.7 | 165.5 | 162.6 | 165.5 |