3.5 C
New York
Tuesday, November 30, 2021

Downtrend in Rubber likely to continue: COIL

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue
RSS 4 117 116.5
RSS 5 111.5 111
Ungraded 100 99
ISNR 20 103 102.5
Latex(60% drc) 81.35 80.3

Spot Rubber prices down slightly to Rs 100/ kg on Monday.

NMCE Rubber September contract traded lower and closed at 11441 on Tuesday. It is likely to trade lower in next trading session as well. Prices are having good support at 11300, while resistance is seen at 11680.

Indian futures scenario

NMCE Futures (Sept contract, INR)
Day Open High Low Close
Mon 11600 11630 11528 11536
Tue 11500 11560 11375 11441

Tocom (Jan contract Yen/ Kilogram)

Day Open High Low Close
Mon 190.3 190.7 189.9 190
Tue 186.2 186.6 183.6 183.8

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