Friday, July 19, 2013

Commodity Update For 19/july/2013

Precious Metals
                                                         D A I L Y B U Z Z
Taking positive cues from the global markets, silver traded higher by 0.62 per cent to Rs 41,180 per kg in futures market today as speculators enlarged their positions.

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 255, or 0.62 per 
cent, to Rs 41,180 per kg in business turnover of 365 lots.

Likewise, the white metal for delivery in September gained Rs 181, or 0.45 per cent, to Rs 
40,335 per kg in 8,624 lots.

Base Metals & Energy
                                                          D A I L Y B U Z Z
Nickel prices moved up by 3,60, or 0.35 per cent to Rs 830.90 per kg in futures market on 
Thursday as speculators enlarged positions, tracking a firming trend in spot market on good 
demand from alloy-makers but weak overseas cues, limtied the gains.

At the Multi Commodity Exchange, nickel for delivery in August gained Rs 3.60, or 0.35 per 
cent, to Rs 830.90 per kg in business turnover of 130 lots.

In a similar fashion, the metal for delivery in September rose marginally by 70 paise, or 0.07 
per cent, to Rs 840.50 per kg in 3 lots.

In the international market, nckel dropped 0.6 per cent to $ 13,893 a tonne at the London 
Metal Exchange.

Agro Outlook
                                                       D A I L Y B U Z Z
Cardamom prices declined by 1.32 per cent to Rs 758 per kg in futures trade today as speculators trimmed their positions amid adequate stocks.

At the Multi Commodity Exchange, cardamom prices for delivery in August declined by Rs 
10.20, or 1.32 per cent, to Rs 758 per kg, with a business turnover of 1,100 lots.

Likewise, the spice prices for delivery in September declined by Rs 8, or 1 per cent, to Rs 788.20 per kg, with a trading volume of 108 lots.

Market analysts said besides profit-booking, subdued demand in the spot markets against 
adequate stocks position also kept pressure on cardamom prices at futures trade.

Potato futures prices today fell by 2.25 per cent to Rs 646.30 per quintal on profit booking by 
traders due to lower domestic demand.

Besides, increased supplies in the physical market from producing regions too dampened 
sentiments.At the Multi Commodity Exchange, potato prices for September delivery fell by Rs 
14.90, or 2.25 per cent, to Rs 646.30 per quintal, with a business volume of 64 lots.

The commodity for delivery in August slipped by Rs 13.80, or 1.93 per cent, to Rs 700 per 
quintal, with a trading volume of 93 lots.