Friday, September 19, 2014

DAILY COMMODITY REPORT FOR 19 SEP 2014

Base Metals
D A I L Y B U Z Z
LEAD
Lead prices fell 0.35 per cent to Rs 129.50 per kg in futures trade today as speculators booked profits even as metal strengthened overseas. 

At the Multi Commodity Exchange, lead for delivery in September traded lower by 45 paise, or 0.35 per cent, to Rs 129.50 per kg, with a turnover of 116 lots. 

Futures for delivery in October shed 25 paise, or 0.19 per cent, to Rs 130.35 per kg in a business turnover of one lot. 

ZINC
Zinc futures softened by 0.36 per cent to Rs 139.45 per kg in futures trading today as speculators preferred to book profits at prevailing levels even as the metal strengthened at London Metal Exchange (LME). 

At the Multi Commodity Exchange, zinc for delivery in current month weakened by 50 paise, or 0.36 per cent, to Rs 139.45 per kg in a business turnover of 318 lots. 

In a similar way, the metal for delivery in October traded lower by 35 paise, or 0.25 per cent, to Rs 140.15 per kg in 34 lots. 

Agro Outlook
D A I L Y B U Z Z
CARDAMOM
Supported by rising demand in the spot markets, cardamom prices rose 0.33 per cent to Rs 919.20 per kg in futures market today as speculators indulged in creating fresh positions. 

Also, restricted arrivals from producing regions supported the upside. 

At the Multi Commodity Exchange, cardamom for delivery in October rose by Rs 4, or 0.33 per cent to Rs 919.20 per kg in business turnover of 150 lots. 

Similarly, the spice for delivery in November edged higher by Rs 2.20, or 0.24 per cent to Rs 920 per kg in 9 lots. 

Market analysts attributed increase in cardamom prices at futures trade to rising demand in the spot market. 

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