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Guar Gum and Guar Seed Prices Show Stability in Spot Market

21 Jan 2025 5:23 pm
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Mumbai, January 21 (CommoditiesControl): Guar gum and guar seed prices in the spot market remained stable today, with no significant fluctuations observed. Guar seed prices were steady, with demand remaining stable despite limited activity from traders. Guar gum prices continued to hold steady due to consistent demand from the industrial sector, particularly for export purposes.

In key markets, guar seed traded within a range of Rs 5,200 to Rs 5,500 per quintal, while guar gum prices remained in the range of Rs 10,000 to Rs 10,500 per quintal, depending on quality and demand. The market sentiment is neutral, and both guar gum and seed prices are expected to remain steady in the near term, supported by stable demand and low arrivals.

GuarSeed contract for FEB delivery settled at Rs 5504/quintal showing an fall of Rs -24 over previous close of Rs 5528/quintal,The contract moved in the range of Rs 5463-5548 for the day. Open interest decreased by -4585 MT to 67405 MT, while trading volume decreased by -2300 to 22250 MT.

GuarSeed contract for MAR delivery settled at Rs 5550/quintal showing an fall of Rs -38 over previous close of Rs 5588/quintal,The contract moved in the range of Rs 5530-5603 for the day. Open interest increased by 4235 MT to 10720 MT, while trading volume increased by 1020 to 6295 MT.
Currently The spread between FEB and MAR contract is -46 Rs/quintal

GUARSEED stock in NCDEX accredited warehouse as on 21-Jan-2025, was 13523 MT




GuarGum contract for FEB delivery settled at Rs 10606/quintal showing an fall of Rs -86 over previous close of Rs 10692/quintal,The contract moved in the range of Rs 10575-10725 for the day. Open interest decreased by -805 MT to 53795 MT, while trading volume decreased by -765 to 7130 MT.

GuarGum contract for MAR delivery settled at Rs 10766/quintal showing an fall of Rs -62 over previous close of Rs 10828/quintal,The contract moved in the range of Rs 10728-10856 for the day. Open interest increased by 1390 MT to 7180 MT, while trading volume decreased by -195 to 1975 MT.

Currently The spread between FEB and MAR contract is -160 Rs/quintal.

GuarGum stock in NCDEX accredited warehouse as on 21-Jan-2025, was 28429 MT

(By Commoditiescontrol Bureau: +91 9820130172)


       
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