01-01-1970 12:00 AM | Source: PR Agency
Weekly quote on rubber and forecast By Anu V Pai, Commodity Research Analyst
Below are Weekly quote on rubber and forecast from Anu V Pai, Commodity Research Analyst
"Natural rubber traded on a firmer note and posted gains in the week gone by buoyed by a seasonal decline in supplies from some of the key natural rubber producing countries, rise in crude oil prices along with the US stimulus plans. In the Indian market, RSS4 grade rubber in the key Kottayam market was quoted at Rs.169 a kg, its highest level since Sep 2013. Fall in supplies along with strong demand bolstered the commodity apart from the cues from the overseas market. In the week ahead, while the sentiments are expected to stay sanguine, profit booking may emerge"
Above views are of the author and not of the website kindly read disclaimer
Latest News
India`s gross GST collections hit record high in Apr...
KP Energy soars on commissioning further 12.6MW ISTS...
SK hynix to mass produce industry-leading AI chips t...
IT Services : CTSH-a nice surprise by Kotak Institut...
Ambuja Cements edges higher on reporting 99% rise in...
Decline in battery costs boosting green energy proje...
Food-agri startup Fresh From Farm raises funds, aims...
Buy Jeera May @ 23200 SL 22800 TGT 23600-23900. NCDE...
Buy Kapas Apr @ 1580 SL 1560 TGT 1600-1615. NCDEX - ...
Sell Crudeoil May @ 6660 SL 6740 TGT 6580-6820. MCX ...