Natural Rubber
Kottayam Spot (Rs/kg) current week
Variety | Mon | Tue |
RSS 4 | 95 | 96 |
RSS 5 | 93 | 93.5 |
Ungraded | 87 | 88 |
ISNR 20 | 88.5 | 90 |
Latex(60% drc) | 75.55 | 75.55 |
Spot Rubber prices edged up to Rs 88/kg on Tuesday.
NMCE Rubber for March delivery lost 228 points or 2.30% to close at 9670 on Tuesday. Prices have closed below support at support 9740 which indicates a reversal in the current trend. Rubber may decline further to test support at 9500 and 9250 in the next few sessions.
Indian futures scenario
NMCE Futures (Mar contract, INR) | ||||
Day | Open | High | Low | Close |
Mon | 9825 | 9917 | 9810 | 9885 |
Tue | 9850 | 9910 | 9650 | 9670 |
Tocom (July contract Yen/ Kilogram)
Day | Open | High | Low | Close |
Mon | 155.2 | 155.8 | 154.4 | 155.7 |
Tue | 155.6 | 155.7 | 154.1 | 154.5 |