Jodhpur, July 16 (Commoditiescontrol) Guar seed and gum prices stayed steady on Tuesday amid slow demand but increased arrivals while futures settled a little down. As per the traders, guar market is currently in the grip of speculators.
As per the market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5210 per quintal.
In all paid, guar seed prices were quoted Rs down 60 at Rs 5370 per quintal. Guar gum prices were quoted at Rs 10,700 per quintal in the benchmark market of Jodhpur. Arrivals were 7800 bags.
Guar gum futures for delivery in Aug ended Rs 20 or 0.19 % down at Rs 10,735 per quintal on the NCDEX while the low and high of the session were Rs 10,722 and Rs 10,807 respectively.
Guar seed futures for delivery in July settled Rs 10 or 0.18% down at Rs 5,493 per quintal on the NCDEX while the low and high of the session were Rs 5,489 and Rs 5,529 respectively.
GuarSeed contract for JUL delivery settled at Rs 5410/quintal showing an fall of Rs -32 over previous close of Rs 5442/quintal,The contract moved in the range of Rs 5410-5467 for the day. Open interest decreased by -2535 MT to 1610 MT, while trading volume decreased by -3240 to 4175 MT.
GuarSeed contract for AUG delivery settled at Rs 5493/quintal showing an fall of Rs -10 over previous close of Rs 5503/quintal,The contract moved in the range of Rs 5489-5529 for the day. Open interest increased by 2265 MT to 54420 MT, while trading volume decreased by -4315 to 13725 MT.
Currently The spread between JUL and AUG contract is -83 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 16-Jul-2024, was 19796 MT
GuarGum contract for JUL delivery settled at Rs 10580/quintal showing an fall of Rs -1 over previous close of Rs 10581/quintal,The contract moved in the range of Rs 10570-10649 for the day. Open interest decreased by -1865 MT to 1610 MT, while trading volume decreased by -1360 to 2590 MT.
GuarGum contract for AUG delivery settled at Rs 10735/quintal showing an fall of Rs -20 over previous close of Rs 10755/quintal,The contract moved in the range of Rs 10722-10807 for the day. Open interest increased by 405 MT to 50365 MT, while trading volume increased by 60 to 6395 MT.uarGum
Currently The spread between JUL and AUG contract is -155 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 16-Jul-2024, was 21385 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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