October 24, 2017

MTECHTIPS

MTECHTIPS Rubber has Resistance around Rs 17580/17700

Mtechtips has come out with its report on Rubber.According to the research firm, it has Support at around Rs 17430/17340 and Resistance at Rs 17580/17700.Rubber stocks held by Thai Govt stand at 170000 tonnes and are expected to rise to 410000 tonnes by March-end.According to Vietnam’s General Statistics Office, November rubber exports may drop 25% on YoY basis to 95,000 tonnes
Rubber Board aims to expand total area under natural rubber cultivation to 4.0 lakh hectares by 2017.Crude rubber stockpiles held at Japanese warehouses rose 15.5 percent to 6,739 metric tons on Nov. 10, according to data from the Rubber Trade Association of Japan.

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