Natural Rubber
Kottayam Spot (Rs/kg) current week
Variety | Mon | Tue |
RSS 4 | 101.5 | 101.5 |
RSS 5 | 98 | 98.5 |
Ungraded | 90 | 91 |
ISNR 20 | 83 | 84 |
Latex(60% drc) | 75.05 | 74.5 |
Spot Rubber prices rose to Rs 91/kg on Tuesday.
NMCE Rubber closed in red on Tuesday at 10310, down 61 points or 0.59%. The intraday bias on Rubber is now negative as prices failed to break above 10450. It is most likely headed lower to support at 10000 this week below which further downside may be expected in the short term.
Indian futures scenario
NMCE Futures (Jan contract, INR) | ||||
Day | Open | High | Low | Close |
Mon | 10475 | 10525 | 10349 | 10430 |
Tue | 10425 | 10425 | 10300 | 10310 |
Tocom (May contract Yen/ Kilogram)
Day | Open | High | Low | Close |
Mon | 166.8 | 167.8 | 166 | 167.2 |
Tue | 167 | 167 | 166.2 | 166.5 |