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Friday, January 28, 2022

NMCE Rubber likely to trade in 12450-12550 range

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed
RSS 4 133.8 134.4 134.05
RSS 5 111 111 111
Ungraded 104 103 103
ISNR 20 104.5 104.5 104.5
Latex(60% drc) 78.2 78.7 79.25

Spot Rubber prices unchanged at Rs 103/ kg on Wednesday.

NMCE Rubber Apr contract traded firm due to short covering from traders. It is likely to trade firm in next trading session as well on short covering. Trading range for next trading session is seen between 12450-12550 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures (Apr contract, INR)
Day Open High Low Close
Mon 12740 12740 12625 12640
Tue 12699 12700 12300 12440
Wed 12381 12524 12310 12482

Tocom (Aug contract Yen/ Kilogram)

Day Open High Low Close
Mon 210.9 211.5 210 211.2
Tue 212.3 212.8 211.5 212
Wed 211.5 211.8 210.2 210.2

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