Guargum futures drifts further on weak spot sentiments
Marketmen said less buying by guargum makers in the phase of increased supply in the spot markets mainly kept the prices under pressure.
By PTI |
NEW DELHI: Guargum prices fell by Rs 620 to Rs 16,820 per quintal in futures trade today on renewed selling by traders, fuelled by weak physical markets cues.
Marketmen said less buying by guargum makers in the phase of increased supply in the spot markets mainly kept the prices under pressure.
At the National Commodity and Derivatives Exchange, guargum prices for most active November contract declined by Rs 620, or 3.56 per cent, at Rs 16,820 per quintal, with an open interest of 2,536 lots.
December contract also added Rs 540, or 3.10 per cent, at Rs 16,870 per quintal, having an open interest of 162 lots.
October month too remained under selling pressure and dipped by Rs 250, or 1.41 per cent, at Rs 17,460 per quintal, clocking an open interest of 999 lots.
Marketmen said less buying by guargum makers in the phase of increased supply in the spot markets mainly kept the prices under pressure.
At the National Commodity and Derivatives Exchange, guargum prices for most active November contract declined by Rs 620, or 3.56 per cent, at Rs 16,820 per quintal, with an open interest of 2,536 lots.
December contract also added Rs 540, or 3.10 per cent, at Rs 16,870 per quintal, having an open interest of 162 lots.
October month too remained under selling pressure and dipped by Rs 250, or 1.41 per cent, at Rs 17,460 per quintal, clocking an open interest of 999 lots.
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