Natural Rubber
Kottayam Spot (Rs/kg) current week
Variety | Fri | Mon |
RSS 4 | 100 | 98.5 |
RSS 5 | 96 | 95 |
Ungraded | 87 | 87 |
ISNR 20 | 85.5 | 85 |
Latex(60% drc) | 78.2 | 77.65 |
Spot Rubber prices steady at Rs 87/kg on Monday.
NMCE Rubber for Feb delivery declined 2.86% to close at 9824.0, its lowest level since August 2009. Support is seen at 9500 and then further lower at 9000 this week. Today’s sharp downside move indicates a resumption of the current downtrend. The intraday bias is negative for tomorrow.
Indian futures scenario
NMCE Futures (Feb contract, INR) | ||||
Day | Open | High | Low | Close |
Mon | 10110 | 10002 | 9792 | 9824 |
Tocom (June contract Yen/ Kilogram)
Day | Open | High | Low | Close |
Mon | – | – | – | – |