Jodhpur, June 26 (Commoditiescontrol): Guar seed and gum prices continued to decline in the spot market on Wednesday, influenced by bearish trends in futures. According to market analysts, the guar market is currently dominated by speculators.
Market sources reported that the average price range for guar seed in auctions was Rs 5,000-5,150 per quintaL.
In the all-paid category, guar seed prices were slightly lower at Rs 5,330 per quintal. Guar gum prices remained flat at Rs 10,400 per quintal in the benchmark market of Jodhpur. Arrivals were recorded at 8,200 bags.
In the physical market, guar seed prices fell by Rs 20 per quintal, while guar gum prices dropped by Rs 50 per quintal.
Guar Gum Futures July delivery ended Rs 100 or 0.96% down at Rs 10,330 per quintal on the NCDEX, with session lows and highs at Rs 10,311 and Rs 10,425 respectively.
Guar Seed Futures July delivery settled Rs 43 or 0.80% down at Rs 5,305 per quintal on the NCDEX, with session lows and highs at Rs 5,290 and Rs 5,343 respectively.
GuarSeed contract for JUL delivery settled at Rs 5305/quintal showing an fall of Rs -43 over previous close of Rs 5348/quintal,The contract moved in the range of Rs 5290-5343 for the day. Open interest decreased by -2375 MT to 42535 MT, while trading volume decreased by -3735 to 11215 MT.
GuarSeed contract for AUG delivery settled at Rs 5371/quintal showing an fall of Rs -34 over previous close of Rs 5405/quintal,The contract moved in the range of Rs 5360-5405 for the day. Open interest increased by 2260 MT to 14935 MT, while trading volume increased by 75 to 5670 MT.
Currently The spread between JUL and AUG contract is -66 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 26-Jun-2024, was 20512 MT
GuarGum contract for JUL delivery settled at Rs 10330/quintal showing an fall of Rs -100 over previous close of Rs 10430/quintal,The contract moved in the range of Rs 10311-10425 for the day. Open interest decreased by -2845 MT to 37960 MT, while trading volume decreased by -2260 to 6745 MT
GuarGum contract for AUG delivery settled at Rs 10481/quintal showing an fall of Rs -100 over previous close of Rs 10581/quintal,The contract moved in the range of Rs 10469-10580 for the day. Open interest increased by 2960 MT to 15700 MT, while trading volume decreased by -700 to 5000 MT.
Currently The spread between JUL and AUG contract is -151 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 26-Jun-2024, was 22705 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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