New Delhi, November 14 (Commodities Control): The spot prices for guar gum have largely been stable, primarily driven by export activity and domestic requirements. The ongoing market scenario reflects limited price action with low to steady movement in spot prices, as domestic demand remains relatively restrained.
Traders are awaiting clarity on export demand before making significant buying or selling decisions. Overall, both guar seed and guar gum markets have shown some positive momentum, particularly in the futures contracts, with increasing volumes pointing toward greater market participation. However, the limited price movement in the spot market indicates cautious sentiment among buyers and sellers, awaiting further triggers in the coming weeks.
GuarSeed contract for NOV delivery settled at Rs 5159/quintal showing an rise of Rs 37 over previous close of Rs 5122/quintal,The contract moved in the range of Rs 5103-5190 for the day. Open interest decreased by -6285 MT to 4015 MT, while trading volume increased by 850 to 10020 MT
GuarSeed contract for DEC delivery settled at Rs 5243/quintal showing an rise of Rs 32 over previous close of Rs 5211/quintal,The contract moved in the range of Rs 5213-5258 for the day. Open interest increased by 840 MT to 54860 MT, while trading volume increased by 1030 to 28045 MT.
Currently The spread between NOV and DEC contract is -84 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 14-Nov-2024, was 9733 MT
GuarGum contract for NOV delivery settled at Rs 10230/quintal showing an fall of Rs -144 over previous close of Rs 10374/quintal,The contract moved in the range of Rs 10032-10415 for the day. Open interest decreased by -1685 MT to 930 MT, while trading volume decreased by -1270 to 3830 MT.
GuarGum contract for DEC delivery settled at Rs 10480/quintal showing an rise of Rs 2 over previous close of Rs 10478/quintal,The contract moved in the range of Rs 10430-10545 for the day. Open interest increased by 2295 MT to 56760 MT, while trading volume decreased by -5685 to 7260 MT.
Currently The spread between NOV and DEC contract is -250 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 14-Nov-2024, was 25460 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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