NMCE Rubber ends down 2.86%, hits 6-year low

0
503

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Fri Mon
RSS 4 100 98.5
RSS 5 96 95
Ungraded 87 87
20 85.5 85
Latex(60% drc) 78.2 77.65

Spot steady at Rs 87/kg on Monday.

NMCE Rubber for Feb delivery declined 2.86% to close at 9824.0, its lowest level since August 2009. Support is seen at 9500 and then further lower at 9000 this week. Today’s sharp downside move indicates a resumption of the current downtrend. The intraday is negative for tomorrow.

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Indian scenario

NMCE Futures (Feb contract, INR)
Day Open High Low Close
Mon 10110 10002 9792 9824

( contract Yen/ Kilogram)

Day Open High Low Close
Mon

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