Natural Rubber
Kottayam Spot (Rs/kg) current week
Variety | Mon | Tue |
RSS 4 | 117 | 117.5 |
RSS 5 | 114.5 | 115 |
Ungraded | 108 | 108 |
ISNR 20 | 110 | 112 |
Latex(60% drc) | 87.7 | 89.8 |
Spot Rubber prices steady at Rs 108/kg on Tuesday.
NMCE Rubber for May delivery extended gains to 12400 before closing at 12270, up 166 or 1.37%. The short term outlook continues to remain positive and we expect prices to touch 12500 this week. Intraday resistance is seen at 12300 and support at 12150.
Indian futures scenario
NMCE Futures (Apr contract, INR) | ||||
Day | Open | High | Low | Close |
Mon | 11967 | 12025 | 11900 | 11960 |
Tue | 11967 | 12187 | 11890 | 12070 |
Tocom (Sep contract Yen/ Kilogram)
Day | Open | High | Low | Close |
Mon | 178.8 | 179.8 | 178.5 | 179.8 |
Tue | 181.0 | 183.4 | 181 | 181.3 |