Jodhpur, September 11 (CommoditiesControl): On Wednesday, guar seed and gum prices in the physical market remained largely unchanged. However, the futures market displayed a slight upward trend for both commodities.
In the auction market, guar seed prices were reported between Rs 4,700 and Rs 5,050 per quintal. In Jodhpur, prices for guar seed held steady at Rs 5,250 per quintal. Guar gum prices saw a modest increase of Rs 150, reaching Rs 10,350 per quintal in Jodhpur. Arrivals of guar gum amounted to 6,400 bags, a decrease of 300 bags from previous levels.
On the National Commodity and Derivatives Exchange (NCDEX), futures contracts for guar gum and seed showed minor gains. The October futures contract for guar gum settled at Rs 10,539 per quintal, up by Rs 18 or 0.17%, with trading ranging between Rs 10,485 and Rs 10,569. The September guar gum futures ended at Rs 10,378 per quintal, up by Rs 16 or 0.15%, with a session range of Rs 10,326 to Rs 10,411.
For guar seed futures, the October contract closed at Rs 5,355 per quintal, up by Rs 15 or 0.28%, with session lows and highs of Rs 5,331 and Rs 5,365, respectively. The September contract for guar seed finished at Rs 5,268 per quintal, up by Rs 18 or 0.34%, with a trading range between Rs 5,241 and Rs 5,271.
Overall, while the spot market for guar seed and gum experienced stability, the futures market saw a slight upward movement, reflecting a cautiously positive sentiment among traders.
GuarSeed contract for SEP delivery settled at Rs 5268/quintal showing an rise of Rs 18 over previous close of Rs 5250/quintal,The contract moved in the range of Rs 5241-5271 for the day. Open interest decreased by -2250 MT to 16265 MT, while trading volume decreased by -4455 to 6330 MT.
GuarSeed contract for OCT delivery settled at Rs 5355/quintal showing an rise of Rs 15 over previous close of Rs 5340/quintal,The contract moved in the range of Rs 5331-5365 for the day. Open interest increased by 2465 MT to 44420 MT, while trading volume decreased by -3615 to 14820 MT.
Currently The spread between SEP and OCT contract is -87 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 11-Sep-2024, was 14332 MT
GuarGum contract for SEP delivery settled at Rs 10378/quintal showing an rise of Rs 16 over previous close of Rs 10362/quintal,The contract moved in the range of Rs 10326-10411 for the day. Open interest decreased by -1985 MT to 7205 MT, while trading volume decreased by -1260 to 3385 MT.
GuarGum contract for OCT delivery settled at Rs 10539/quintal showing an rise of Rs 18 over previous close of Rs 10521/quintal,The contract moved in the range of Rs 10485-10569 for the day. Open interest increased by 765 MT to 45105 MT, while trading volume decreased by -895 to 5815 MT.
Currently The spread between SEP and OCT contract is -161 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 11-Sep-2024, was 20337 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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