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NMCE Rubber may face selling pressure at higher levels: COIL

08/09/2015 By huong.nt

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue
RSS 4 111 111.5
RSS 5 106 107
Ungraded 96 95
ISNR 20 98 98
Latex(60% drc) 80.3 81.35

Spot Rubber prices declined to Rs 95/kg on Tuesday.

NMCE Rubber Oct contract traded higher and closed at Rs 11349. It is likely to witness some selling pressure at higher levels in next trading session. Prices has good support at 11120 and resistance at 11500.

Indian futures scenario

NMCE Futures (Sept contract, INR)
Day Open High Low Close
Mon 11198 11300 11150 11282
Tue 11200 11375 11200 11350

Tocom (Feb contract Yen/ Kilogram)

Day Open High Low Close
Mon 167.8 168.9 166.2 168.9
Tue 170.9 173.4 170.8 173.1

 

Filed Under: Global rubber prices reports, News

NEWS

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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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