Jodhpur, July 2 (Commoditiescontrol): Guar seed and gum prices remained almost steady in the physical markets on Tuesday, while futures settled firm. Arrivals were slightly down but still higher than on normal days. Prices of guar seed were under pressure as market participants were reluctant to buy. According to market sources, the average price range for guar seed in auctions was quoted at Rs 5000-5150 per quintal.
In all paid transactions, guar seed prices were quoted a bit lower at Rs 5300 per quintal. Guar gum prices were flat at Rs 10,300 per quintal in the benchmark market of Jodhpur, with arrivals recorded at 8100 bags.
In the physical market, guar seed prices dropped by Rs 50 per quintal, while guar gum prices slipped by Rs 150 per quintal.
Guar gum futures for delivery in July ended Rs 74 or 0.72% higher at Rs 10,325 per quintal on the NCDEX, with the session's low and high at Rs 10,155 and Rs 10,351, respectively.
Guar seed futures for delivery in July settled Rs 4 or 0.08% higher at Rs 5,288 per quintal on the NCDEX, with the session's low and high at Rs 5,251 and Rs 5,311, respectively.
GuarSeed contract for JUL delivery settled at Rs 5288/quintal showing an rise of Rs 4 over previous close of Rs 5284/quintal,The contract moved in the range of Rs 5251-5311 for the day. Open interest decreased by -2615 MT to 36280 MT, while trading volume decreased by -1460 to 10190 MT.
GuarSeed contract for AUG delivery settled at Rs 5355/quintal showing an rise of Rs 6 over previous close of Rs 5349/quintal,The contract moved in the range of Rs 5321-5377 for the day. Open interest increased by 2595 MT to 25035 MT, while trading volume decreased by -1390 to 10035 MT.
Currently The spread between JUL and AUG contract is -67 Rs/quintal.
GUARSEED stock in NCDEX accredited warehouse as on 02-Jul-2024, was 20482 MT
GuarGum contract for JUL delivery settled at Rs 10325/quintal showing an rise of Rs 74 over previous close of Rs 10251/quintal,The contract moved in the range of Rs 10155-10351 for the day. Open interest decreased by -1480 MT to 26660 MT, while trading volume decreased by -685 to 3260 MT.
GuarGum contract for AUG delivery settled at Rs 10475/quintal showing an rise of Rs 67 over previous close of Rs 10408/quintal,The contract moved in the range of Rs 10299-10505 for the day. Open interest increased by 1075 MT to 28025 MT, while trading volume increased by 275 to 4570 MT.
Currently The spread between JUL and AUG contract is -150 Rs/quintal.
GuarGum stock in NCDEX accredited warehouse as on 02-Jul-2024, was 22547 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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