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Thursday, July 7, 2022

Rubber futures turns firm on short covering

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Fri Mon
RSS 4 124.5 124.5
RSS 5 122.5 122.5
Ungraded 110 110
ISNR 20 112 111.5
Latex(60% drc) 108.85 108.85

Spot Rubber prices steady at Rs 110/ kg on Monday.

NMCE Rubber Aug contract traded with firm sentiments on short covering from traders. It is likely to trade with firm sentiments in next trading session as well on short covering. Trading range for next trading session is seen between 12430-12510 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures (Aug contract, INR)
Day Open High Low Close
Mon 12400 12509 12395 12396

Tocom (Dec contract Yen/ Kilogram)

Day Open High Low Close
Mon 0 0 0 0

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