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Sunday, May 29, 2022

NMCE Rubber trades higher, up 1.21%

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed Thu
RSS 4 92 0 93 94
RSS 5 89 0 90 91
Ungraded 84 85 85 86
ISNR 20 85 86 87 87
Latex(60% drc) 77.15 77.15 76.6 76.6

Spot Rubber prices rose to Rs 86/kg on Thursday.

NMCE Rubber closed at 9806 on Thursday, up 117.0 or 1.21%. The short term trend is now positive and we expect prices to test 10000-10130 going ahead. Traders can continue holding longs with a stop below 9650.

Indian futures scenario

NMCE Futures (Mar contract, INR)
Day Open High Low Close
Mon 9300 9500 9300 9490
Tue 9656 9690 9560 9575
Wed 9656 9700 9570 9700
Thu 9656 9810 9635 9806

Tocom (July contract Yen/ Kilogram)

Day Open High Low Close
Mon 154.9 155.9 153.8 154.4
Tue 154.9 155.6 152.8 153.9
Wed 152.4 152.9 151.5 152.3
Thu 152.6 152.6 151.5 152.5

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