Thursday, October 10, 2013

DAILY COMMODITY REPORT FROM RESEARCH VIA FOR 10/10/13

Precious Metals
SILVER GOLD 
                                                       D A I L Y B U Z Z
Silver prices fell 0.34 per cent to Rs 49,783 per kg in futures trade today as speculators booked profits amid a weak trend in the global markets.
At the Multi Commodity Exchange, silver prices for delivery in December traded lower by Rs 169 or 0.34 per cent, to Rs 49.783 per kg in business turnover of 723 lots.
Similarly, the white metal prices for delivery in March next year declined by Rs 143 or 0.28 per cent to Rs 50.969 per kg in business volume of four lots.
In the international market, silver prices traded 0.72 per cent lower at USD 22.13 an ounce in Singapore.

Base Metals & Energy
COPPER CRUDE OIL
                                                      D A I L Y B U Z Z
Tracking a weak global trend, copper prices fell by 0.30 per cent to Rs 454.90 per kg in futures trading today.
At the Multi Commodity Exchange, copper for delivery in November declined by Rs 1.35 or 0.30 per cent to Rs 454.90 per kg in business turnover of 2,169 lots.
Likewise, the metal for delivery in February next year shed Rs 1.05, or 0.22 per cent, to Rs 465.70 per kg in 40 lots.
Meanwhile, copper for delivery in three months lost 0.2 per cent to USD 7,228 a tonne on the London Metal Exchange.
Nickel futures today traded marginally lower at Rs 862.50 per kg largely in tune with a weakening trend overseas amid subdued spot demand.
At the Multi Commodity Exchange, nickel for delivery in October weakened by Re 1, or 0.10 per cent, to Rs 862.50 per kg in business turnover of 287 lots.
The metal for delivery in November shed 10 paise, or 0.01 per cent at Rs 872.20 per kg in five lots.

Agro Outlook
CHANA  DHANIYA
                                                   D A I L Y B U Z Z
Supported by strong demand in the spot market and restricted arrivals from producing regions, cardamom prices rose further by Rs 2.40 to Rs 751 per kg in futures trade today.
At the Multi Commodity Exchange, cardamom for delivery in November added Rs 2.40, or 0.32
per cent, to Rs 751 per kg in business turnover of 388 lots.
Similarly, the spice for delivery in October edged up 60 paise, or 0.08 per cent, to Rs 706.50 per kg in 546 lots.
Mentha oil prices moved up by 0.18 per cent to Rs 870.80 per kg in futures trade today as speculators created fresh positions amid rising demand from consuming industries in the spot market.
Besides, tight supplies in the physical market following less arrivals from Chandausi in Uttar Pradesh also supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in October month rose by 1.60, or 0.18 per cent, to Rs 870.80 per kg in business turnover of 206 lots.
Likewise, the oil for delivery in November edged up by Rs 1.30, or 0.15 per cent, to Rs 884.50 per kg in 6 lots.


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