Jodhpur, July 5 (Commoditiescontrol): Guar seed and gum prices rebounded on Friday as demand increased at lower rates. A firmer tone in the future market also bolstered positive sentiment in the spot market today. Arrivals were down compared to the last session.
As per the market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5170 per quintal.
In all paid, guar seed prices were quoted Rs 30 up at Rs 5350 per quintal. Guar gum prices gained Rs 150 to Rs 10,600 per quintal in the benchmark market of Jodhpur. Arrivals were 7700 bags, down 200 bags.
Guar gum futures for delivery in July ended Rs 146 or 1.42 % higher at Rs 10,579 per quintal on the NCDEX while the low and high of the session were Rs 10,453 and Rs 10,666 respectively.
Guar seed futures for delivery in July settled Rs 46 or 0.86% up at Rs 5,370 per quintal on the NCDEX while low and high of the session were Rs 5,330 and Rs 5,399 respectively.
GuarSeed contract for JUL delivery settled at Rs 5370/quintal showing an rise of Rs 46 over previous close of Rs 5324/quintal,The contract moved in the range of Rs 5330-5399 for the day. Open interest decreased by -3210 MT to 25955 MT, while trading volume decreased by -965 to 10130 MT.
GuarSeed contract for AUG delivery settled at Rs 5456/quintal showing an rise of Rs 51 over previous close of Rs 5405/quintal,The contract moved in the range of Rs 5409-5490 for the day. Open interest increased by 2525 MT to 36355 MT, while trading volume increased by 3325 to 20335 MT.
Currently The spread between JUL and AUG contract is -86 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 05-Jul-2024, was 20374 MT
GuarGum contract for JUL delivery settled at Rs 10579/quintal showing an rise of Rs 148 over previous close of Rs 10431/quintal,The contract moved in the range of Rs 10453-10666 for the day. Open interest decreased by -2465 MT to 18830 MT, while trading volume increased by 535 to 5465 MT.
GuarGum contract for AUG delivery settled at Rs 10760/quintal showing an rise of Rs 149 over previous close of Rs 10611/quintal,The contract moved in the range of Rs 10620-10845 for the day. Open interest increased by 2560 MT to 35955 MT, while trading volume increased by 985 to 9320 MT.
Currently The spread between JUL and AUG contract is -181 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 05-Jul-2024, was 22305 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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