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Saturday, August 13, 2022

NMCE Rubber likely to trade on sideways to bullish

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue
RSS 4 125 124
RSS 5 118 117
Ungraded 114 113
ISNR 20 108 107
Latex(60% drc) 79.45 78

Spot Rubber prices declined to Rs 113/ kg on Tuesday.

Rubber prices at NMCE November contract traded sideways to positive on some buying support by traders. It likely to trade firm in next trading session as well on buying support. Trading range for next trading session is seen between 12400-12530 and either side break out will give clear direction to the prices.

 

Indian futures scenario

NMCE Futures ( Nov contract, INR)
Day Open High Low Close
Mon 12389 12526 12389 12444
Tue 12480 12512 12210 12450

 

Tocom (March contract Yen/ Kilogram)

Day Open High Low Close
Mon 192.9 192.9 191.5 192
Tue 192.5 193.9 192.4 193.1

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue
RSS 4 125 124
RSS 5 118 117
Ungraded 114 113
ISNR 20 108 107
Latex(60% drc) 79.45 78

Spot Rubber prices declined to Rs 113/ kg on Tuesday.

Rubber prices at NMCE Nov contract traded sideways to positive on some buying support by traders. It likely to trade firm in next trading session as well on buying support. Trading range for next trading session is seen between 12400-12530 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures ( Nov contract, INR)
Day Open High Low Close
Mon 12389 12526 12389 12444
Tue 12480 12512 12210 12450

 

Tocom (March contract Yen/ Kilogram)

Day Open High Low Close
Mon 192.9 192.9 191.5 192
Tue 192.5 193.9 192.4 193.1

Source:

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