Natural Rubber
Kottayam Spot (Rs/kg) current week
| Variety | Mon | Tue | Wed |
| RSS 4 | 101.5 | 101 | 100.5 |
| RSS 5 | 99 | 98.5 | 97.5 |
| Ungraded | 88 | 87 | 86 |
| ISNR 20 | 83 | 82.5 | 82.5 |
| Latex(60% drc) | 76.6 | 76.1 | 75.55 |
Spot Rubber prices declined to Rs 86/kg on Wednesday.
NMCE Rubber for Jan delivery settled up 92.0 or 0.91% at 10160 on Wednesday. The short term outlook continues to remain negative. Though we expect a recovery in prices to 10400 this week if Rubber closes above minor resistance at 10160 while a close below 10000 should see the downtrend continue. The intraday bias is neutral.
Indian futures scenario
| NMCE Futures (Jan contract, INR) | ||||
| Day | Open | High | Low | Close |
| Mon | 10100 | 10195 | 10100 | 10195 |
| Tue | 10134 | 10175 | 10000 | 10074 |
| Wed | 10025 | 10160 | 10025 | 10160 |
Tocom (May contract Yen/ Kilogram)
| Day | Open | High | Low | Close |
| Mon | 166.2 | 166.9 | 165.5 | 165.6 |
| Tue | 161.4 | 163.4 | 160.7 | 162.8 |
| Wed | 161.5 | 162.7 | 160.9 | 162.4 |
