New Delhi, November 7 (CommoditiesControl): Guar gum and guar seed prices in the spot market showed mixed trends today, with guar gum prices remaining steady while guar seed prices saw some fluctuations.
In the guar gum market, prices remained stable with minimal movement. The demand from the export market, particularly for guar gum used in the oil and gas industry, has been steady. Prices for guar gum ranged from Rs 10,500 to Rs 11,000 per quintal, depending on quality and supply conditions.
On the other hand, guar seed prices witnessed some volatility. Despite the ongoing sowing season, the prices have shown a slight upward trend due to demand from processors and export markets. Guar seed was priced between Rs 4,500 to Rs 4,800 per quintal, with the variation depending on location and quality.
Overall, while guar gum prices remain steady with consistent demand, guar seed prices are influenced by supply pressures and seasonal trends, reflecting some fluctuation in the spot market. The outlook for both products will largely depend on harvest progress and export demand in the coming weeks.
GuarSeed contract for NOV delivery settled at Rs 5170/quintal showing an rise of Rs 42 over previous close of Rs 5128/quintal,The contract moved in the range of Rs 5040-5182 for the day. Open interest decreased by -2270 MT to 24720 MT, while trading volume decreased by -4765 to 8585 MT.
GuarSeed contract for DEC delivery settled at Rs 5270/quintal showing an rise of Rs 48 over previous close of Rs 5222/quintal,The contract moved in the range of Rs 5165-5274 for the day. Open interest increased by 2130 MT to 37910 MT, while trading volume decreased by -5280 to 15885 MT.
Currently The spread between NOV and DEC contract is -100 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 07-Nov-2024, was 11505 MT
GuarGum contract for NOV delivery settled at Rs 10526/quintal showing an rise of Rs 89 over previous close of Rs 10437/quintal,The contract moved in the range of Rs 10275-10620 for the day. Open interest decreased by -1805 MT to 18240 MT, while trading volume decreased by -1810 to 3895 MT.
GuarGum contract for DEC delivery settled at Rs 10660/quintal showing an rise of Rs 87 over previous close of Rs 10573/quintal,The contract moved in the range of Rs 10470-10665 for the day. Open interest increased by 3235 MT to 41400 MT, while trading volume decreased by -455 to 7005 MT
Currently The spread between NOV and DEC contract is -134 Rs/quintal
GuarGum stock in NCDEX accredited warehouse as on 07-Nov-2024, was 25397 MT
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(By Commoditiescontrol Bureau: +91 9820130172)
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