Rubber has resistance at Rs 15900-16100: Geojit

Written By Unknown on Jumat, 08 Februari 2013 | 14.02

Geojit Comtrade has come out with its report on Natural Rubber. According to the research firm, Rubber has resistance at Rs 15900-16100 and support is at Rs 15700-15500.

Natural rubber imports by China rose 19 per cent in January to 250000 tonnes on MoM basis. According to Rubber Board, India's synthetic rubber consumption rose by 17 per cent to 36,710 tonnes in October last year while the production rose by 5 per cent to 9,006 tonnes during the period.  According to Association of Natural Rubber Producing Countries, rubber imports by the top consumer China surged 18 per cent during 2013 to 3.37 million tonnes. According to Malaysian Rubber Board, natural rubber output may expand 6.5 per cent in 2013 on improving yield and higher prices.

According to Rubber Trade Association of Japan, crude rubber inventories in the Japanese ports fell by 202 tonnes to 6934 tonnes in the 10 days to January 10 from a four month peak marked at the end of 2012 According to Vietnam's General Statistics Office, the nation shipped 117,000 tons of rubber in Dec., up 11% from previous assessment of 105,000 tons. According to IRSG, NR production is set to outpace consumption by 179,000 metric tons this year and 153,000 tons in 2014.

Rubber: Resistance- Rs 15900-16100, support- Rs 15700-15500.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


Anda sedang membaca artikel tentang

Rubber has resistance at Rs 15900-16100: Geojit

Dengan url

https://rokokkanker.blogspot.com/2013/02/rubber-has-resistance-at-rs-15900-16100.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Rubber has resistance at Rs 15900-16100: Geojit

namun jangan lupa untuk meletakkan link

Rubber has resistance at Rs 15900-16100: Geojit

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger