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Monday, July 4, 2022

NMCE Rubber likely to trade firm sentiments

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Fri Mon Tue
RSS 4 124.5 124.5 125
RSS 5 122.5 122.5 123
Ungraded 110 110 111
ISNR 20 112 111.5 112
Latex(60% drc) 108.85 108.85 108.85

Spot Rubber prices advanced at Rs 111/ kg on Tuesday.

NMCE Rubber August contract traded with firm sentiments on short covering from traders. It likely to trade with firm sentiments in next trading session as well on short covering. Trading range for next trading session is seen between 12550-12650 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
Tue 12510 12639 12499 12600

Tocom (Dec contract Yen/ Kilogram)

Day Open High Low Close
Mon 0 0 0 0
Tue 215.8 218 215.5 217.9

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