Base Metals & Energy
D A I L Y B U Z Z
NICKEL
Nickel futures traded lower by 0.42 per cent to Rs 918.70 per kg today on weakening trend overseas amid subdued spot demand.
At the Multi Commodity Exchange, nickel for delivery in April weakened by Rs 3.90, or 0.42 per cent, to Rs 918.70 per kg in business turnover of 10 lots. In a similar fashion, the metal for delivery in March traded lower by Rs 3.60, or 0.39 per cent, to Rs 912.60 per kg in 428 lots.
ZINC
Zinc futures fell 0.50 per cent to Rs 128.95 per kg today as speculators reduced positions amid sluggish domestic demand and weak global trend.
At the Multi Commodity Exchange, zinc prices for delivery in March eased by 65 paise, or 0.50 per cent, to Rs 128.95 per kg in business turnover of 224 lots. Likewise, the metal prices for delivery in April traded lower by 60 paise, or 0.46 per cent, to Rs 129.35 per kg in five lots.
Market analysts said besides sluggish domestic demand in the spot market, weak global trend on slowing economic growth in China will dampen demand, mainly put pressure on zinc prices in futures trade.
Agro Outlook
D A I L Y B U Z Z
CARDAMOM
Cardamom futures fell 0.51 per cent to Rs 773.90 per kg today as traders reduced their holdings amid sluggish spot demand. Besides, sufficient stocks position in the physical market also weighed on the prices.
At the Multi Commodity Exchange, cardamom for March contract declined by Rs 4, or 0.51 per cent, to Rs 773.90 per kg with a business turnover of 370 lots. The spice for delivery in April fell by Rs 2.30, or 0.28 per cent, to Rs 809 per kg with a trading volume of 196 lots.
Marketmen said besides profit booking by speculators at existing levels, fall in demand in spot market put pressure on cardamom prices in futures market.
D A I L Y B U Z Z
NICKEL
Nickel futures traded lower by 0.42 per cent to Rs 918.70 per kg today on weakening trend overseas amid subdued spot demand.
At the Multi Commodity Exchange, nickel for delivery in April weakened by Rs 3.90, or 0.42 per cent, to Rs 918.70 per kg in business turnover of 10 lots. In a similar fashion, the metal for delivery in March traded lower by Rs 3.60, or 0.39 per cent, to Rs 912.60 per kg in 428 lots.
ZINC
Zinc futures fell 0.50 per cent to Rs 128.95 per kg today as speculators reduced positions amid sluggish domestic demand and weak global trend.
At the Multi Commodity Exchange, zinc prices for delivery in March eased by 65 paise, or 0.50 per cent, to Rs 128.95 per kg in business turnover of 224 lots. Likewise, the metal prices for delivery in April traded lower by 60 paise, or 0.46 per cent, to Rs 129.35 per kg in five lots.
Market analysts said besides sluggish domestic demand in the spot market, weak global trend on slowing economic growth in China will dampen demand, mainly put pressure on zinc prices in futures trade.
Agro Outlook
D A I L Y B U Z Z
CARDAMOM
Cardamom futures fell 0.51 per cent to Rs 773.90 per kg today as traders reduced their holdings amid sluggish spot demand. Besides, sufficient stocks position in the physical market also weighed on the prices.
At the Multi Commodity Exchange, cardamom for March contract declined by Rs 4, or 0.51 per cent, to Rs 773.90 per kg with a business turnover of 370 lots. The spice for delivery in April fell by Rs 2.30, or 0.28 per cent, to Rs 809 per kg with a trading volume of 196 lots.
Marketmen said besides profit booking by speculators at existing levels, fall in demand in spot market put pressure on cardamom prices in futures market.
