Jodhpur, September 5 (Commoditiescontrol): The guar market in Jodhpur saw a boost in activity on Thursday, driven by positive signals from futures markets. Despite this, prices for both guar seed and guar gum remained largely unchanged in the physical markets.
Market participants are currently awaiting further guidance from crop analysts to gain a clearer direction. According to market sources, guar seed prices in auctions averaged between Rs 4,800 and Rs 5,030 per quintal. In Jodhpur's physical market, guar seed prices were steady at Rs 5,320 per quintal, while guar gum prices also held firm at Rs 10,600 per quintal. Arrivals of guar seed were reported at 6,500 bags, an increase of 200 bags from the previous day.
In the futures market, guar gum contracts for September delivery closed at Rs 10,490 per quintal, marking a rise of Rs 27. The session’s trading range was between Rs 10,425 and Rs 10,549 per quintal. Similarly, guar seed futures for September delivery ended Rs 17 higher at Rs 5,335 per quintal, with the day’s low and high ranging from Rs 5,312 to Rs 5,350 per quintal.
The stability in physical market prices coupled with the upward movement in futures suggests a cautious optimism as stakeholders look for clearer indications on market trends.
GuarSeed contract for SEP delivery settled at Rs 5335/quintal showing an rise of Rs 17 over previous close of Rs 5318/quintal,The contract moved in the range of Rs 5312-5350 for the day. Open interest decreased by -3670 MT to 28510 MT, while trading volume increased by 1080 to 8775 MT
GuarSeed contract for OCT delivery settled at Rs 5411/quintal showing an rise of Rs 19 over previous close of Rs 5392/quintal,The contract moved in the range of Rs 5391-5430 for the day. Open interest increased by 4510 MT to 33855 MT, while trading volume decreased by -1655 to 16650 MT.
Currently The spread between SEP and OCT contract is -76 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 05-Sep-2024, was 14132 MT
GuarGum contract for SEP delivery settled at Rs 10490/quintal showing an rise of Rs 27 over previous close of Rs 10463/quintal,The contract moved in the range of Rs 10425-10549 for the day. Open interest decreased by -1185 MT to 16120 MT, while trading volume decreased by -2970 to 2825 MT.
GuarGum contract for OCT delivery settled at Rs 10635/quintal showing an rise of Rs 13 over previous close of Rs 10622/quintal,The contract moved in the range of Rs 10602-10709 for the day. Open interest increased by 1760 MT to 39255 MT, while trading volume decreased by -2880 to 6080 MT.
Currently The spread between SEP and OCT contract is -145 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 05-Sep-2024, was 19886 MT.
(By Commoditiescontrol Bureau: +91 9820130172)
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