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Sunday, July 3, 2022

NMCE Rubber likely to move sideways to bullish: COIL

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed
RSS 4 112.5 112.5 112.5
RSS 5 109.5 110.5 110.5
Ungraded 101 101 102
ISNR 20 100 100 100.5
Latex(60% drc) 82.4 82.95 83.5

Spot Rubber prices rose to Rs 102/kg on Wednesday.

Rubber prices at NMCE Oct contract traded up on Wednesday after low opening. It is likely to trade sideways to bullish in next trading session as well. Trading range for next trading session is seen between 11300-11600 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures (Oct contract, INR)
Day Open High Low Close
Mon 11200 11488 11365 11415
Tue 11350 11450 11346 11425
Wed 11390 11500 11390 11432

Tocom (Mar contract Yen/ Kilogram)

Day Open High Low Close
Mon 169.1 169.8 168.6 169.7
Tue 164.2 165.6 164.2 164.9
Wed 164.9 166.1 164.8 165.7

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