Base Metals & Energy Updates for 10 June 2015

Copper prices rose by 0.17 per cent on Tuesday after disappointing Chinese inflation data added to speculation policymakers will have to introduce further stimulus measures to jumpstart the economy amid lackluster growth. Government data released earlier showed that Chinese inflation for May rose 1.2 per cent, below expectations for 1.3 per cent and down from 1.5 per cent in April. Disappointing trade data released on Monday indicated a recovery in the broader economy remains fragile and may need further government stimulus. At the MCX, copper futures for June 2015 contract were trading at Rs. 384.20 per 1 kg, up by 0.17 per cent, after opening at Rs. 384.20 against the previous closing price of Rs. 383.55. It touched the intra-day high of Rs. 385.70 till the trading.

Zinc futures edged up 0.80 per cent to Rs 138.40 per kg today after speculators built up bets on the back of rising demand in the domestic spot market amid a firming trend overseas. Zinc futures for June 2015 contract, at MCX, were trading at Rs 138.40 per kg, up by 0.80 per cent after opening at Rs. 137.45 against the previous closing price of Rs. 137.30. It touched the intra-day high of Rs. 138.80 till the trading.

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DAILY NCDEX COMMODITY CHANA TIPS & CRUDE PALM OIL UPDATE 13 MAY 2014

Agro Outlook 

D A I L Y B U Z Z 

CHANA 

Chana prices moved up by 0.33 per cent to Rs 3,064 per quintal in futures market on Monday as speculators enlarged positions, driven by pick up in demand in the spot market. 

At the National Commodity and Derivatives Exchange, chana for delivery in June moved up by Rs 10, or 0.33 per cent to Rs 3,064 per quintal with an open interest of 1,43,320 lots. Similarly, the commodity for delivery in May gained Rs 8, or 0.27 per cent to Rs 2996 per quintal in 24,130 lots. 

CRUDE PALM OIL 

Crude palm oil remained weak for the second day and prices fell further by 0.35 per cent to Rs 543.60 per 10 kg in futures trading on Monday as participants trimmed positions amid sluggish demand in the spot market. 

At the Multi Commodity Exchange, crude palm oil for delivery in June fell further by Rs 1.90, or 0.35 per cent to Rs 543.60 per 10 kg in business turnover of 8 lots. 

Similarly, the oil for delivery in May traded lower by Rs 1.50, or 0.27 per cent to Rs 548 per 10 kg in 29 lots.

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RESEARCH VIA BUY SILVER, BUY CRUDE OIL & BUY ZINC TARGET HIT

REVIA MCX: BUY SILVER MAY ABOVE 47900 TGTS 48050/48300/48650 SL 47750
REVIA MCX: SILVER HIT 1ST TGT 48050 HIGH OF 48082 BOOK PART PROFIT

REVIA MCX: BUY CRUDE OIL ABOVE 6454 TGTS 6474/6504/6544 SL 6424
REVIA MCX: CRUDE OIL HIT 1ST TGT 6474 HIGH OF 6475 BOOK PART PROFIT

REVIA MCX: BUY ZINC ABOVE 127.70 TGTS 128.10/128.80/129.80 SL 127.20
REVIA MCX: ZINC HIT 1ST TGT 128.10 HIGH OF 128.15 BOOK PART PROFIT

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MCX COMMODITY REPORT FOR 19 FEB 2014

Base Metals & Energy

                                                         D A I L Y B U Z Z

ALUMINIUM

Aluminium prices today rose by 0.33 per cent to Rs 105.60 per kg in futures trade mostly in line 

with a firming trend in the global markets.

Besides, increased demand at domestic spot markets also influenced prices. 

At the Multi Commodity Exchange, Aluminium for delivery in February rose by 35 paise, or 

0.33 per cent to Rs 105.60 per kg in a turnover of 124 lots. 

LEAD

Supported by strong demand in the spot market, lead futures prices today rose 0.41 per cent to 

Rs 134.05 per kg. 

At the Multi Commodity Exchange, lead for delivery in March traded 55 paise, or 0.41 per cent 

higher at Rs 134.05 per kg, with a turnover of three lots. 

The metal for delivery in February also rose by 50 paise, or 0.38 per cent to Rs 132.95 per kg in 

a turnover of 304 lots.

Agro Outlook

                                                        D A I L Y B U Z Z

CORIANDER

Coriander rose by 1.49 per cent to Rs 9,078 per quintal in futures trade today as speculators 

enlarged their positions supported by rising demand in the spot markets amid restricted arrivals 

from growing areas. 

At the National Commodity and Derivative Exchange, coriander for April delivery gained Rs 133, 

or 1.49 per cent, to Rs 9,078 per quintal with an open interest of 44,940 lots. Similarly, the spice 

for delivery in February traded higher by Rs 82, or 1.01 per cent, to Rs 8,240 per quintal, with an 

open interest of 3,220 lots. 

Market analysts said increased buying by speculators on pick up in spot market demand against 

restricted arrivals from producing belts mainly influenced coriander prices to rise in futures trade. 

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RESEARCH VIA DAILY COMMODITY REPORT 10 FEB 2014

Precious Metals
SILVER   GOLD
                                                            D A I L Y B U Z Z
Gold prices tumbled by Rs 340 to Rs 30,200 per ten grams in the national capital today on emergence of profit-selling by stockists at existing higher levels.

Silver also fell by Rs 180 to Rs 44,620 per kg on lack of buying support from industrial units and coin makers.

Traders said emergence of profit-selling by stockists at prevailing higher levels mainly kept pressure on gold prices to surrendered moderate ground.

They said local demand dried up at current levels and appreciation of rupee against the US dollar also influenced gold.

On the domestic front, gold of 99.9 and 99.5 per cent purity dropped by Rs 340 each to Rs 30,200 and Rs 30,000 per ten grams, respectively. It shed Rs 80 in last two trading sessions. Sovereign declined by Rs 50 at Rs 25,250 per piece of eight grams.

Agro Outlook
JEERA   DHANIYA
                                                           D A I L Y B U Z Z
Snapping its four-day rising streak, cardamom prices dipped 2.11 per cent to Rs 710 per kg in futures trading today as speculators booked profits at prevailing higher levels on fall in spot market demand against adequate stocks position.

At the Multi Commodity Exchange, cardamom for delivery in February plunged Rs 15.30, or 2.11 per cent, to Rs 710 per kg in a business turnover of 421 lots.

However, spice for delivery in March held steady at Rs 802.70 per kg in 744 lots.

Mentha oil prices rose 3.20 per cent to Rs 815.30 per kg in futures trade today as speculators enlarged positions, tracking a firm trend at the spot market on pick up in demand from consuming industries.

Tight stocks availability in the physical market following restricted arrivals from Chandausi in Uttar Pradesh also supported the uptrend.

At the Multi Commodity Exchange, mentha oil for delivery in March rose Rs 3.20, or 0.39 per cent, to Rs 815.30 per kg in a business.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 05 FEB 2014

Precious Metals
SILVER  GOLD
                                                          D A I L Y B U Z Z

GOLD
Gold prices moved down by 0.27 per cent to Rs 28,938 per 10 gram in futures trade today after participants off-loaded partial positions even as metal rose in the global markets.

At the Multi Commodity Exchange, Gold for delivery in far-month April contracts declined by Rs 79, or 0.27 per cent, to Rs 28,938 per 10 gram in business turnover of 262 lots.

Likewise, the metal for delivery in February shed Rs 36, or 0.12 per cent, to Rs 29,809 per 10 gm in 13 lots.

SILVER
Silver prices fell by 0.25 per cent to Rs 43,747 per kg in futures trade today after participants reduced exposures even as metal recovered in the global market.

At the Multi Commodity Exchange, silver for delivery in March fell by Rs 111, or 0.25 per cent, to Rs 43,747 per kg in business turnover of 464 lots.

Similarly, the white metal for delivery in the far-month May declined by Rs 94, or 0.21 per cent, to Rs 44,705 per kg in business volume of 26 lots.


In the international market, silver rose 0.1 per cent to $19.36 an ounce in Singapore.

Base Metals & Energy
CRUDE OIL
                                                    D A I L Y B U Z Z

Crude oil futures prices today fell by 0.18 per cent to Rs 6,072 per barrel amid a mixed trend in Asian trade weighed down by concerns over weak manufacturing data from the US and China.

At the Multi Commodity Exchange, Crude oil for delivery in February fell by Rs 11 or 0.18 per cent, to Rs 6,072 per barrel in 748 lots.

The oil for March delivery moved down by Rs 9, or 0.15 per cent, to Rs 6,065 per barrel in a turnover of 62 lots.

Marketmen analysts said a mixed trend in Asian trade amid concerns over weak manufacturing data from the US and China, the world's top two economies, mainly put pressure on crude futures here.

Meanwhile, crude oil for March delivery gained 21 cents to $96.64 a barrel in mid-morning trade on the New York Mercantile Exchange. Brent North Sea crude eased six cents to $105.98. 

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RESEARCH VIA DAILY COMMODITY REPORTS FOR 30 NOV 2013

Precious Metals

SILVER  GOLD

                                                        D A I L Y B U Z Z

Gold futures prices moved down by 0.36 per cent to Rs 30,049 per 10 grams today, after participants offloaded partial positions, taking weak cues from the global market. 

At the Multi Commodity Exchange, gold for delivery in December eased by Rs 110, or 0.36 per cent, to Rs 30,049 per 10 gm in business turnover of 660 lots. 

Likewise, the metal for delivery in February next year shed Rs 51, or 0.17 per cent, to Rs 29,229 per 10 gm in 257 lots. 

Market analysts said a weak trend in the overseas markets on speculation that the Federal Reserve will begin reducing monetary stimulus as the US economy strengthens, damping demand for haven assets, mainly weighed gold prices at futures trade. 

Globally, gold traded lower at USD 1,242.65 an ounce in Singapore today as against yesterday's USD 1,244.13. 

Base Metals & Energy

COPPER  CRUDE OIL

                                                      D A I L Y B U Z Z

Aluminium prices fell by 0.30 per cent to Rs 107.95 per kg in futures trading today as speculators offloaded their positions driven by weak global trend on supply outlook. 

At the Multi Commodity Exchange, aluminium for delivery in December declined by 40 paise, or 0.30 

per cent, to Rs 107.95 per kg in business turnover of 179 lots. 

Similarly, the metal for delivery in November traded lower by 30 paise, or 0.28 per cent to Rs 105.95 per k g in 232 lots. 

Market analysts said speculators offloaded their positions in tandem with a weak global trend amid 

signs that the metal will remain in oversupply, weighed on aluminium prices at futures trade here. 

Meanwhile, aluminium for delivery in three months fell USD 1,744 per tonne on the London Metal 

Exchange.

Agro Outlook

CHANA  DHANIYA

                                                     D A I L Y B U Z Z

Coriander prices fell by 1.14 per cent to Rs 7,500 per quintal in futures trade today as speculators 

booked profits at existing higher levels, influenced by a decline in demand in spot market. 

At the Multi Commodity Exchange, coriander for delivery in December fell by Rs 87, or 1.14 per 

cent, to Rs 7,500 per quintal with open interest of 25,790 lots. 

The spice for January delivery declined by Rs 80, or 1.02 per cent, to Rs 7,708 per quintal with an open interest of 13,720 lots. Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices. 

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REVIA DAILY COMMODITY REPORT FOR 28 NOV 2013

Precious Metals

SILVER  GOLD

                                              D A I L Y B U Z Z

Gold prices rose 0.14 per cent to Rs 30,175 per ten grams in futures trade today as speculators created positions, tracking a firm overseas trend. 

At the Multi Commodity Exchange, gold for delivery in December rose Rs 42, or 0.14 per cent, to Rs 30,175 per ten grams in business turnover of 2,013 lots. 

Similarly, the metal for delivery in February gained Rs 22, or 0.08 per cent, to Rs 29,325 per ten grams in 342 lots. 

Analysts attributed the rise in gold futures to a firm global trend on speculation that the decline to a four-month low may encourage purchases, while investors assessed the timing of a reduction in stimulus by the Federal Reserve. 

Meanwhile, gold gained 0.3 per cent to USD 1,246.75 an ounce in Singapore. 

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TODAY COMMODITY REPORT FOR 24/OCT/2013

SILVER GOLD
                                                           D A I L Y  B U Z Z

Silver prices fell 0.19 per cent to Rs 49,790 per kg in futures trade today after speculators locked in gains even as metal surged in the overseas markets.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 94, or 0.19 per cent, to Rs 49,790 per kg in business turnover of 335 lots.
Similarly, the white metal for delivery in March 2014 contracts declined by Rs 38, or 0.07 per cent, to Rs 51,155 per kg in business volume of 2 lots.
In the international market, silver traded 0.3 per cent lower at $22.76 an ounce in Singapore.
Market analysts said the fall in silver prices at futures trade was mostly attributed to profit- booking by participants but metal's gain overseas on speculation that the Federal Reserve may delay a reduction in stimulus until next year after weak US jobs report, capped the losses..

COPPER CRUDE OIL

                                                          D A I L Y  B U Z Z

Lead prices fell 0.52 per cent to Rs 134.40 per kg in futures trading today largely in tandem with a weak trend overseas amid subdued spot demand.

At the Multi Commodity exchange, lead for delivery in November declined 70 paise, or 0.52 per cent, to Rs 134.40 per kg in business turnover of 24 lots.

Similarly, the metal for delivery in the October contracts shed 55 paise, or 0.41 per cent, to Rs 133.10 per kg in 518 lots.

Market analysts said a weak trend in copper and other base metals in the global market after US payrollsrose less than forecast, curbing demand prospects for industrial metals in the world's largest economy, weighed on prices.

Besides, subdued demand in the domestic spot markets from battery-makers also influenced prices, they

said.

JEERA DHANIYA

                                                         D A I L Y  B U Z Z

Jeera prices gained 0.73 per cent to Rs 12,727.50 per quintal in futures trading today as speculators enlarged their positions, driven by rising demand in the spot market amid lower arrivals from producing regions.

At the National Commodity and Derivatives Exchange, jeera for delivery in November month gained Rs 92.50, or 0.73 per cent, to Rs 12,727.50 per quintal with an open interest of 10,173 lots.

Similarly, the spice for delivery in December traded up by Rs 82.50, or 0.64 per cent, to Rs 12,930 per quintal in 3,042 lots.

Turmeric prices rose 1.52 per cent to Rs 4,954 per quintal in futures market today as speculators enlarged positions on the back of export demand.

At the National Commodity and Derivatives Exchange, turmeric for delivery in December rose by Rs 74, or 1.52 per cent, to Rs 4,954 per quintal with open interest of 7,935 lots.

Likewise, the spice for delivery in November went up by Rs 56, or 1.17 per cent, to Rs 4,848 per

quintal in 14,690 lots.

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