Natural Rubber
Kottayam Spot (Rs/kg) current week
Variety | Mon | Tue | Wed | Thu |
RSS 4 | 129 | 130 | 130 | 129 |
RSS 5 | 126 | 127 | 127 | 126 |
Ungraded | 108 | 110 | 110 | 106 |
ISNR 20 | – | 117 | 115 | 115 |
Latex(60% drc) | – | 101.45 | 101.45 | 100.9 |
Spot Rubber prices declined to Rs 106/kg on Thursday.
NMCE Rubber closed down by 197 points or 1.54% at 12630 on Thursday before testing a low of 12500. Traders may consider short selling below support at 12500 for targets near 12250-12000. On the upside, resistance comes into play at 13250 breaking which prices may rally further in the short term.
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 |
Thu | 12750 | 12770 | 12500 | 12630 |
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 |
Thu | 161.4 | 161.5 | 159.2 | 160.4 |