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Thursday, December 2, 2021

NMCE Rubber trades negative; trend likely to continue

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed
RSS 4 113 112.5 112
RSS 5 111 110.5 110
Ungraded 103 101 98
ISNR 20 98 97.5 96
Latex(60% drc) 86.65 86.1 85.6

 

Spot Rubber prices declined to Rs 98 /kg on Wednesday.

NMCE Rubber Nov contract closed at 10900. Rubber prices witness short covering in todays trading session after sharp decline in last few days. Rubber prices may trade with in range of 11000-10700 in coming days. Important support levels is at 10850 and resistance level is at 11000


Indian futures scenario

NMCE Futures (Nov contract, INR)
Day Open High Low Close
Mon 11196 11196 11050 11070
Tue 11100 11100 10826 10900
Wed 10835 10933 10770 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
Wed 156.5 157.9 156 157.3

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