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Wednesday, May 18, 2022

NMCE Rubber likely to trade bullish; trading range12600-13000

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed
RSS 4 124.5 125 125.5
RSS 5 122.5 123 123
Ungraded 110 111 111
ISNR 20 111.5 112 111.5
Latex(60% drc) 108.85 108.85 107.8

Spot Rubber prices steady at Rs 111/ kg on Wednesday.

Rubber prices at NMCE Aug contract traded positive on buying support from traders. It is likely to trade bullish in next trading session as well. Trading range for next trading session is seen between 12600-13000 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
Wed 12551 12648 12540 12560

Tocom (Dec contract Yen/ Kilogram)

Day Open High Low Close
Mon 0 0 0 0
Tue 215.8 218 215.5 217.9
Wed 214.3 214.7 213.4 214.4

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