Natural Rubber
Kottayam Spot (Rs/kg) current week
Variety | Fri | Mon |
RSS 4 | 134 | 135 |
RSS 5 | 131 | 133 |
Ungraded | 115 | 114 |
ISNR 20 | 122 | 123 |
Latex(60% drc) | 103.55 | 104.6 |
Spot Rubber prices declined to Rs 114/kg on Monday.
NMCE Rubber June contract closed at 13620 on Monday, down 122 or 0.89%. The short term bias is positive but buys are advised above resistance at 13770 for targets near 14200-14500 this week. On the downside, only a break below support at 13350 is likely to push prices lower to 12500.
Indian futures scenario
NMCE Futures (May contract, INR) | ||||
Day | Open | High | Low | Close |
Mon | 13801 | 13801 | 13421 | 13440 |
Tocom (Oct contract Yen/ Kilogram)
Day | Open | High | Low | Close |
Mon | 180 | 181.2 | 180 | 181 |