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Wednesday, May 25, 2022

NMCE Rubber ends lower on selling pressure

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed Thu
RSS 4 124.5 125 125.5 125.5
RSS 5 122.5 123 123 123
Ungraded 110 111 111 111
ISNR 20 111.5 112 111.5 111.5
Latex(60% drc) 108.85 108.85 107.8 106.75

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

NMCE Rubber Aug contract traded with bearish sentiments on selling pressure from traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 12420-12520 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
Thu 12551 12616 12457 12465

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
Thu 215.5 215.7 214.5 214.6

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