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NMCE Rubber remains bearish: support 11180

26/08/2015 By huong.nt

Natural Rubber

Kottayam Spot (Rs/kg) current week

Variety Mon Tue
RSS 4 113 112
RSS 5 108 107
Ungraded 95 95
ISNR 20 100 99
Latex(60% drc) 80.3 79.25

Spot Rubber prices steady at Rs 95/ kg on Tuesday.

NMCE Rubber September contract witnessed some recovery and closed at 11284. Over all trend for the commodity remains bearish. It has immediate support at 11180, while resistance is seen at 11500.

Indian futures scenario

NMCE Futures (Sept contract, INR)
Day Open High Low Close
Mon 11277 11277 11082 11185
Tue 11190 11290 11065 11284

Tocom (Jan contract Yen/ Kilogram)

Day Open High Low Close
Mon 175.5 175.8 170.5 171.3
Tue 170 174.9 169.5 174.7

Filed Under: Global rubber prices reports, News

NEWS

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India: Rubber may remain bearish this week

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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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