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Wednesday, December 8, 2021

NMCE Rubber trades negative; trend likely to continue

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue
RSS 4 113 112.5
RSS 5 111 110.5
Ungraded 103 101
ISNR 20 98 97.5
Latex(60% drc) 86.65 86.1

Spot Rubber prices declined to Rs 101 /kg on Tuesday.

NMCE Rubber Nov contract traded on a negative note on Tuesday. Prices has fallen sharply and further selling is expected in next session as well. Trading range for next trading session is seen between 10700-11200 and sustaining above the same might trade higher.

Indian futures scenario

NMCE Futures (Nov contract, INR)
Day Open High Low Close
Mon 11196 11196 11050 11070
Tue 11100 11100 10826 10900

Tocom (Apr contract Yen/ Kilogram)

Day Open High Low Close
Mon 159.5 160.3 159.1 160.1
Tue 159.5 160.3 159.1 160.1

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