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India: NMCE Rubber continues uptrend on buying support (28-05-2015)

 

Rubber prices at NMCE June contract traded positive on lower levels buying from traders.   

Kottayam Spot (Rs/kg) current week

Variety

Mon

Tue

RSS 4

125

125.5

RSS 5

122.5

123

Ungraded

113

115

ISNR 20

113.5

113.5

Latex(60% drc)

105.65

106.75

Spot Rubber prices advanced to Rs 115/kg on Tuesday.

Rubber prices at NMCE June contract traded positive on lower levels buying from traders. It is likely to trade firm in next trading session as well on short covering. Trading range for next trading session is seen between 12700-12800 and either side break out will give clear direction to the prices.

Indian futures scenario

NMCE Futures (Jun contract, INR)

Day

Open

High

Low

Close

Mon

12580

12651

12570

12649

Tue

12750

12820

12703

12721

Tocom (Oct contract Yen/ Kilogram)

Day

Open

High

Low

Close

Mon

219.2

220.3

219.1

220

Tue

229.7

232.5

227.8

231

 

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