Jodhpur, May 24 (Commoditiescontrol): Guar seed and gum prices were steady to down in both the physical market and futures on Friday amid subdued trading activity. Arrivals were also lower compared to the previous session.
Market sources reported that the average price range for guar seed in auctions was Rs 5000-5250 per quintal, marking a decline of Rs 50 per quintal. In the all-paid category, guar seed prices were quoted at Rs 5480 per quintal, down by Rs 20 per quintal. Guar gum prices remained flat at Rs 10,900 per quintal in Jodhpur, the benchmark market. The total arrivals were 6,800 bags.
In the futures market, guar gum for June delivery decreased by Rs 33, or 0.30%, to Rs 10,819 per quintal on the NCDEX, with the session's low and high being Rs 10,767 and Rs 10,925, respectively.
Guar seed futures for June delivery remained flat, settling at Rs 5,504 per quintal on the NCDEX, with the session's low and high recorded at Rs 5,476 and Rs 5,530, respectively.
GuarSeed contract for JUN delivery settled at Rs 5504/quintal showing an was simillar of Rs 0 over previous close of Rs 5504/quintal,The contract moved in the range of Rs 5476-5530 for the day. Open interest decreased by -2395 MT to 48455 MT, while trading volume decreased by -2665 to 14780 MT.
GuarSeed contract for JUL delivery settled at Rs 5572/quintal showing an rise of Rs 3 over previous close of Rs 5569/quintal,The contract moved in the range of Rs 5542-5594 for the day. Open interest increased by 1520 MT to 12410 MT, while trading volume decreased by -235 to 4335 MT.
Currently The spread between JUN and JUL contract is -68 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 24-May-2024, was 24048 MT
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GuarGum contract for JUN delivery settled at Rs 7712/quintal showing an fall of Rs -64 over previous close of Rs 7776/quintal,The contract moved in the range of Rs 7682-7770 for the day. Open interest decreased by -37020 MT to 4895 MT, while trading volume decreased by -4540 to 1995 MT.
GuarGum contract for JUL delivery settled at Rs 10819/quintal showing an fall of Rs -33 over previous close of Rs 10852/quintal,The contract moved in the range of Rs 10767-10925 for the day. Open interest increased by 31975 MT to 40770 MT, while trading volume increased by 2530 to 5285 MT.
Currently The spread between JUN and JUL contract is -3107 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 24-May-2024, was 24143 MT
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