Jodhpur, June 27 (Commoditiescontrol): Guar seed and gum prices remain steady in the spot market, 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 5318/quintal showing an rise of Rs 6 over previous close of Rs 5312/quintal,The contract moved in the range of Rs 5297-5338 for the day. Open interest decreased by -2165 MT to 40370 MT, while trading volume decreased by -2075 to 9140 MT.
GuarSeed contract for AUG delivery settled at Rs 5387/quintal showing an rise of Rs 8 over previous close of Rs 5379/quintal,The contract moved in the range of Rs 5358-5406 for the day. Open interest increased by 2515 MT to 17450 MT, while trading volume decreased by -315 to 5355 MT.
Currently The spread between JUL and AUG contract is -69 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 27-Jun-2024, was 20512 MT
GuarGum contract for JUL delivery settled at Rs 10350/quintal showing an rise of Rs 12 over previous close of Rs 10338/quintal,The contract moved in the range of Rs 10294-10438 for the day. Open interest decreased by -3230 MT to 34730 MT, while trading volume decreased by -500 to 6245 MT.
GuarGum contract for AUG delivery settled at Rs 10506/quintal showing an rise of Rs 12 over previous close of Rs 10494/quintal,The contract moved in the range of Rs 10470-10573 for the day. Open interest increased by 3555 MT to 19255 MT, while trading volume increased by 130 to 5130 MT
Currently The spread between JUL and AUG contract is -156 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 27-Jun-2024, was 22443 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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