Natural Rubber
Kottayam Spot (Rs/kg) current week
Variety | Fri | Mon |
RSS 4 | 94 | 93.5 |
RSS 5 | 90 | 89.5 |
Ungraded | 83 | 83 |
ISNR 20 | 85 | 85 |
Latex(60% drc) | 79.8 | 79.25 |
Spot Rubber prices steady at Rs 83/kg on Monday.
NMCE Rubber continued to consolidate above support at 9500 and closed at 9798 on Monday. Traders are advised to consider short selling if prices break below 9500 for price objectives near 9000. On the upside, a break above 10000 should see prices move higher in the short term. The intraday bias is neutral.
Indian futures scenario
NMCE Futures (Feb contract, INR) | ||||
Day | Open | High | Low | Close |
Mon | 9600 | 9615 | 9510 | 9550 |
Tocom (July contract Yen/ Kilogram)
Day | Open | High | Low | Close |
Mon | 159.5 | 159.5 | 157.8 | 158.3 |