Mumbai, Oct 31 - Guarfutureshave traded lower in a range-bound trade Tuesday morning on speculative selling due to increasing pressure of arrival in domestic markets.

Market participants say concerns linked with rising [new crop] supplies are prompting speculative traders to sell. Reduced quotes offered in local markets across Rajasthan and Haryana, despite of sustained buying by millers and stockists, is also capping the upside move across futures counters, add participants.

Fresh guar arrival has hovered in a high range of around 70,000-75,000 bags in recent sessions with supplies even scaling the one-lakh bags mark at the start of the week.

Market sources say mills have continued to prefer the dark coloured stocks, while stockists are opting for fair coloured supplies.

Dark coloured seeds quoted in range Rs. 1,475-Rs. 1,500/quintal in late-evening trade at Sriganganagar yesterday. The fair seeds were offered at Rs. 1,600-1,650/quintal.

At 12.10 hrs IST, benchmark December guar seed futurestraded almost flat at Rs. 1,790/quintal with 19,800 lots contracted on the National Commodity and Derivatives Exchange [NCDEX].

November and January-08 contracts were down Rs. two each at Rs. 1,746 and Rs. 1,828/quintal respectively. A total of 2,400 and 9,860 lots were traded for the two contracts.

Guar gum futures also traded with minor losses with most-active December contract falling to Rs. 4,446/quintal, down Rs. four and 60 lots traded.

Front-month November futures shed Rs. seven to move to Rs. 4,370/quintal, while January-08 traded Rs. 14 lower at Rs. 4,540/quintal. Low volume of 10 lots was traded for the November contract, while 60 lots were traded for the January month.