Natural Rubber
Kottayam Spot (Rs/kg) current week
| Variety | Mon | Tue | Wed |
| RSS 4 | 129 | 130 | 130 |
| RSS 5 | 126 | 127 | 127 |
| Ungraded | 108 | 110 | 110 |
| ISNR 20 | – | 117 | 115 |
| Latex(60% drc) | – | 101.45 | 101.45 |
Spot Rubber prices steady at Rs 110/kg on Wednesday.
NMCE Rubber June contract closed at 12835 on Wednesday, down 353 or 2.68%. The short term trend remains negative and we expect prices to test support at 12400 breaking which prices may fall further to 12000. On the upside, extended short covering is seen if prices break above resistance at 13250.
Indian futures scenario
| NMCE Futures (June contract, INR) | ||||
| Day | Open | High | Low | Close |
| Mon | 12560 | 12884 | 12550 | 12699 |
| Tue | 12750 | 13190 | 12750 | 13190 |
| Wed | 12750 | 13150 | 13150 | 12835 |
Tocom (Oct contract Yen/ Kilogram)
| Day | Open | High | Low | Close |
| Mon | 171.7 | 171.9 | 170.3 | 170.4 |
| Tue | 173.8 | 173.8 | 172.5 | 172.7 |
| Wed | 168.6 | 168.9 | 165.3 | 165.5 |
