Natural Rubber
Kottayam Spot (Rs/kg) current week
Variety | Mon | Tue | Wed | Thu | Fri |
RSS 4 | 98.5 | 98 | 98 | 97.5 | 97 |
RSS 5 | 95 | 93 | 93 | 92 | 91 |
Ungraded | 85 | 83 | 84 | 84 | 83 |
ISNR 20 | 85 | 84.5 | 84 | 84 | 84 |
Latex(60% drc) | 77.65 | 78.2 | 79.25 | 79.25 | 79.25 |
Spot Rubber prices fell to Rs 83/kg on Friday.
NMCE Rubber Feb lost half a percent to close at 9800 on Friday. The intraday bias on Rubber is negative and we expect prices to retest support at 9685 going ahead, on the upside, 10000 continues to act as strong resistance and a close above that level would call for a reversal in the current trend.
Indian futures scenario
NMCE Futures (Feb contract, INR) | ||||
Day | Open | High | Low | Close |
Mon | 10110 | 10002 | 9792 | 9824 |
Tue | 9750 | 9935 | 9620 | 9934 |
Wed | 10050 | 10075 | 9810 | 9830 |
Thu | – | – | – | – |
Fri | 9810 | 9931 | 9755 | 9800 |
Tocom (June contract Yen/ Kilogram)
Day | Open | High | Low | Close |
Mon | – | – | – | – |
Tue | 146.6 | 150.8 | 146.1 | 150.7 |
Wed | 154 | 154.7 | 153.2 | 153.3 |
Thu | 157.4 | 157.4 | 155.4 | 155.8 |
Fri | 157.7 | 157.7 | 154 | 155.1 |