Jodhpur, Feb 13 (Commoditiescontrol): Guar seed and gum prices experienced a rebound in the spot market, driven by improved lower level buying and positive signals from the futures market. The rebound in futures was attributed to short-covering activities.
In auctions, the average price range for guar seed was quoted at Rs 4,600-4,950 per quintal, with arrivals reaching approximately 14,000 bags on the current day.
Prices of guar seed rose by Rs 50 per quintal, while gum prices saw a gain of Rs 100 per quintal, reaching a quoted price of Rs 5,200 per quintal for guar seed and Rs 10,300 per quintal for guar gum in the benchmark market of Jodhpur.
On the futures market (NCDEX), guar gum futures for delivery in Feb closed Rs 159 or 1.61% higher at Rs 10,010 per quintal, with the session's low and high recorded at Rs 9,857 and Rs 10,051, respectively.
For delivery in March, guar gum futures ended Rs 108 or 1.08% higher at Rs 10,111 per quintal on the NCDEX, with the session's low and high reported at Rs 9,995 and Rs 10,178, respectively.
Meanwhile, guar seed futures for delivery in Feb settled Rs 57 or 1.10% higher at Rs 5,219 per quintal, with the low and high of the session at Rs 5,152 and Rs 5,238, respectively.
For delivery in March, guar seed futures closed Rs 48 or 0.92% higher at Rs 5,270 per quintal on the NCDEX, with the low and high recorded at Rs 5,215 and Rs 5,287, respectively. The rebound in both physical and futures markets suggests positive sentiment and increased buying interest in the guar seed and gum sector.
GuarSeed contract for FEB delivery settled at Rs 5219/quintal showing an rise of Rs 57 over previous close of Rs 5162/quintal,The contract moved in the range of Rs 5152-5238 for the day. Open interest decreased by -4610 MT to 10460 MT, while trading volume decreased by -2195 to 9375 MT.
GuarSeed contract for MAR delivery settled at Rs 5270/quintal showing an rise of Rs 48 over previous close of Rs 5222/quintal,The contract moved in the range of Rs 5215-5287 for the day. Open interest increased by 2620 MT to 76950 MT, while trading volume decreased by -8400 to 17315 MT.
Currently The spread between FEB and MAR contract is -51 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 13-Feb-2024, was 32714 MT
GuarGum contract for FEB delivery settled at Rs 10010/quintal showing an rise of Rs 159 over previous close of Rs 9851/quintal,The contract moved in the range of Rs 9857-10051 for the day. Open interest decreased by -3510 MT to 5970 MT, while trading volume decreased by -3210 to 5330 MT.
GuarGum contract for MAR delivery settled at Rs 10111/quintal showing an rise of Rs 108 over previous close of Rs 10003/quintal,The contract moved in the range of Rs 9995-10178 for the day. Open interest increased by 1645 MT to 48415 MT, while trading volume decreased by -5850 to 9700 MT
Currently The spread between FEB and MAR contract is -101 Rs/quintal
GuarGum stock in NCDEX accredited warehouse as on 13-Feb-2024, was 29749 MT
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
