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NMCE Rubber declines on bearish cues; trend likely to continue

30/06/2015 By hau.vt

 Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue
RSS 4 132.5 132
RSS 5 129.5 129.5
Ungraded 120 119
ISNR 20 122 122
Latex(60% drc) 116.5 118.35

Spot Rubber prices declined to Rs 119/kg on Tuesday.

NMCE Rubber July contract traded with bearish sentiments due to selling pressure from traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 13310-13380 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures (Jul contract, INR)
Day Open High Low Close
Mon 13540 13573 13433 13460
Tue 13540 13451 13320 13325

Tocom (Nov contract Yen/ Kilogram)

Day Open High Low Close
Mon 228 228.7 227.7 228
Tue 230.8 231.3 230.6 231

– Commodity Online

Filed Under: Global rubber prices reports, News

NEWS

Vietnam: F.O.B SVR Physical Prices: March 7, 2017

India: Rubber may remain bearish this week

Fall in rubber price may reflect in domestic market in India

TOCOM rubber hits near 16-month high on weak yen

Vietnam: F.O.B SVR physical prices: November 15, 2016

TOCOM rubber ends up on worries over shortage, weaker yen

Asian physical rubber prices: November 14, 2016

TOCOM rubber tumbles 3.8 pct after touching near 16-mth high

Thailand: Natural Rubber prices: November 11, 2016

TOCOM rubber heads for biggest weekly gain since 2013

Vietnam: F.O.B SVR physical prices: November 11, 2016

TOCOM rubber hits 15-month high on weak yen, firm Shanghai

Indonesia: Natural Rubber Prices on November 10, 2016

Tokyo rubber futures rise to near 6-1/2 month high

Asian physical rubber prices: November 9, 2016

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