Jodhpur, April 2 (Commoditiescontrol): Guar seed and gum prices remained firm in the spot market on Tuesday, supported by reduced arrivals, while futures slipped slightly due to profit-booking activities.
The average price range for guar seed in auctions stood at Rs 4700-4950 per quintal, according to market sources. Arrivals of guar seed were reported at around 7,400 bags, further bolstering its prices. In the paid markets, guar seed commanded a price of Rs 5180 per quintal. Similarly, guar gum prices were firm at Rs 10,300 per quintal in the benchmark market of Jodhpur.
However, on the futures front, guar gum futures for delivery in April concluded Rs 49 or 0.48% lower at Rs 10,190 per quintal on the NCDEX. The session witnessed a trading range between Rs 10,174 and Rs 10,270.
Likewise, guar seed futures for delivery in April settled Rs 2 or 0.04% down at Rs 5,196 per quintal on the NCDEX, with a trading range of Rs 5,175 to Rs 5,210.
The slight decline in futures prices can be attributed to profit-booking activities, despite the firmness observed in the physical market due to reduced arrivals.
GuarSeed contract for APR delivery settled at Rs 5196/quintal showing an fall of Rs -2 over previous close of Rs 5198/quintal,The contract moved in the range of Rs 5175-5210 for the day. Open interest decreased by -2960 MT to 50985 MT, while trading volume decreased by -2590 to 9755 MT.
GuarSeed contract for MAY delivery settled at Rs 5268/quintal showing an fall of Rs -2 over previous close of Rs 5270/quintal,The contract moved in the range of Rs 5245-5284 for the day. Open interest increased by 3830 MT to 33370 MT, while trading volume increased by 935 to 10720 MT.
Currently The spread between APR and MAY contract is -72 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 01-Apr-2024, was 37344 MT
.jpeg)
GuarGum contract for APR delivery settled at Rs 10190/quintal showing an fall of Rs -49 over previous close of Rs 10239/quintal,The contract moved in the range of Rs 10174-10270 for the day. Open interest decreased by -995 MT to 25875 MT, while trading volume decreased by -1980 to 2980 MT.
GuarGum contract for MAY delivery settled at Rs 10316/quintal showing an fall of Rs -46 over previous close of Rs 10362/quintal,The contract moved in the range of Rs 10295-10380 for the day. Open interest increased by 1470 MT to 23480 MT, while trading volume decreased by -1495 to 3715 MT.
Currently The spread between APR and MAY contract is -126 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 01-Apr-2024, was 27000 MT
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
