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Thursday, July 7, 2022

NMCE Rubber futures up on short covering

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed
RSS 4 123.5 122 121
RSS 5 117 116 115
Ungraded 105 105 105
ISNR 20 105 104.5 104.5
Latex(60% drc) 87.85 87.85 87.35

Spot Rubber prices remain unchanged at Rs 105/kg on Wednesday.

Rubber prices at NMCE October contract traded firm on short covering by traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 11800-12000 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 12061 11951 11709 11774
Tue 11701 11850 11600 11831
Wed 11701 11960 11800 11834

Tocom (Feb contract Yen/ Kilogram)

Day Open High Low Close
Mon 184 184.2 183.2 183.9
Tue 184 184.2 183.2 183.9
Wed 183.2 184.1 182.8 183.4

 

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