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Monday, May 23, 2022

NMCE Rubber ends higher, up 1.18%

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue Wed Thu
RSS 4 95 96 96 96
RSS 5 93 93.5 93.5 93.5
Ungraded 87 88 89 89
ISNR 20 88.5 90 90 90
Latex(60% drc) 75.55 75.55 75.55 75.55

Spot Rubber prices steady at Rs 89/kg on Thursday.

NMCE Rubber ended today’s session at 9790.0, up 114 points or 1.18%. The support at 9650 continues to remain intact and no significant downside is expected unless prices break below this. On the upside, resistance is seen at 9900 breaking which the uptrend should extend to 10200. The intraday bias is neutral.

Indian futures scenario

NMCE Futures (Mar contract, INR)
Day Open High Low Close
Mon 9825 9917 9810 9885
Tue 9850 9910 9650 9670
Wed 9650 9739 9606 9675
Thu 9750 9815 9710 9790


Tocom (July contract Yen/ Kilogram)

Day Open High Low Close
Mon 155.2 155.8 154.4 155.7
Tue 155.6 155.7 154.1 154.5
Wed 154.5 155 154.4 154.6
Thu 155.4 155.4 154.6 155.2

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