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Wednesday, July 6, 2022

India: NMCE Rubber Oct futures down on profit booking

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed Thu Fri
RSS 4 122.5 123.5 123 123.5 124
RSS 5 115 116 116 116.5 117
Ungraded 104 103 104 105 107
ISNR 20 102 103 103 103.5 104
Latex(60% drc) 86.3 86.3 86.3 86.8 87.35

Spot Rubber prices rose to Rs 107/kg on Friday.

Rubber prices at NMCE October contract traded down on profit booking by traders. It is likely to trade down in next trading session as well on profit booking. Trading range for next trading session is seen between 12000-12200 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures (Oct contract, INR)
Day Open High Low Close
Mon 12123 12600 12120 12600
Tue 11990 12130 11835 11853
Wed 11831 12240 11875 12165
Thu 12100 12274 12071 12150
Fri 12100 12130 12003 12060

Tocom (Feb contract Yen/ Kilogram)

Day Open High Low Close
Mon 190.6 192 190.3 191.9
Tue 192 192.1 190.9 191.8
Wed 192.8 194.6 192.7 194.3
Thu 192.7 192.9 192 192.5
Fri 188.5 190.5 188.2 190

 

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