Jodhpur, June 28 (Commoditiescontrol): Guar seed and gum prices settled firm in both physical markets and futures on Friday amid normal trading activities. Arrivals were slightly down, and demand was also limited. According to market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5200 per quintal.
In the all-paid category, guar seed prices were quoted a little lower at Rs 5350 per quintal. Guar gum prices were quoted flat at Rs 10,450 per quintal in the benchmark market of Jodhpur, with arrivals totaling 8000 bags.
In the physical market, guar seed prices rose by Rs 20 per quintal, while guar gum prices slipped by Rs 50 per quintal.
On the futures market, guar gum futures for delivery in July ended Rs 11, or 0.11%, up at Rs 10,365 per quintal on the NCDEX, with the session's low and high being Rs 10,332 and Rs 10,456, respectively.
Guar seed futures for delivery in July settled Rs 19, or 0.36%, up at Rs 5,339 per quintal on the NCDEX, with the session's low and high being Rs 5,317 and Rs 5,378, respectively.
The firm prices in both spot and futures markets indicate a stable demand-supply scenario, with slight variations reflecting normal market fluctuations.
GuarSeed contract for JUL delivery settled at Rs 5339/quintal showing an rise of Rs 19 over previous close of Rs 5320/quintal,The contract moved in the range of Rs 5317-5378 for the day. Open interest decreased by -1165 MT to 39205 MT, while trading volume increased by 4095 to 13235 MT.
GuarSeed contract for AUG delivery settled at Rs 5401/quintal showing an rise of Rs 13 over previous close of Rs 5388/quintal,The contract moved in the range of Rs 5387-5439 for the day. Open interest increased by 2920 MT to 20370 MT, while trading volume increased by 2740 to 8095 MT.
Currently The spread between JUL and AUG contract is -62 Rs/quintal
GUARSEED stock in NCDEX accredited warehouse as on 28-Jun-2024, was 20515 MT
GuarGum contract for JUL delivery settled at Rs 10365/quintal showing an rise of Rs 11 over previous close of Rs 10354/quintal,The contract moved in the range of Rs 10332-10456 for the day. Open interest decreased by -5305 MT to 29425 MT, while trading volume increased by 3495 to 9740 MT.
GuarGum contract for AUG delivery settled at Rs 10525/quintal showing an rise of Rs 19 over previous close of Rs 10506/quintal,The contract moved in the range of Rs 10500-10612 for the day. Open interest increased by 6565 MT to 25820 MT, while trading volume increased by 4245 to 9375 MT.
Currently The spread between JUL and AUG contract is -160 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 28-Jun-2024, was 22243 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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