Rubber yesterday traded with the negative node and settled -0.79% down at 20055 on concern that China’s measures to tame inflation may curb demand from the world’s largest user and after North Korea attacked South Korea, weakening investor risk appetite. Natural rubber supply this year may be more than forecast last month as growers in Indonesia boost output to benefit from record prices. In yesterday's trading session Rubber has touched the low of 20000 after opening at 20348, and finally settled at 20055. For today's session market is looking to take support at 19907, a break below could see a test of 19758 and where as resistance is now likely to be seen at 20297, a move above could see prices testing 20538.

Rubber trading range is 19758-20538.

Rubber ended lower on concern that China’s measures to tame inflation may curb demand

Rubber daily stocks at Shanghai exchange came up by 2725 tonnes.

Spread between Rubber DEC & JAN contracts yesterday ended at 300.00. Spread yesterday traded in the range of -122 to 300.

NMCE accredited warehouses Rubber stock rosed by 30kgs to 3070kgs.