India to Soon Become Urea Surplus State

 

Urea Fertilizer - The Indian Government has said that India will soon become a urea surplus state from a deficit state and start exporting it. Commenting on the issue, Union Fertilizer Minister Ananth Kumar, “The country will produce 20 lakh tonnes additional urea this year after a number of pro-active steps, including revival of defunct fertilizer plants, taken by the Government.” "We will soon become a urea surplus country from a urea deficit country as we are going to produce 20 lakh tonnes additional urea this year. We will start exporting urea soon," he added. The Minister also added that there was no crisis of fertilizer anywhere in the country and all states and union territories were satisfied with its availability. Further, to ensure adequate availability of fertilizers, the Government has taken a number of steps that include assessment of month-wise demand, regular monitoring of movement of all major subsidised fertilizers throughout the country by a web-based monitoring system besides other

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DAILY MCX COMMODITY UPDATE FOR 08 JAN 2014

Precious Metals
GOLD  SILVER
                                                          D A I L Y B U Z Z
Gold prices declined by Rs 200 to Rs 30,160 per ten grams in the national capital today on selling by stockists against sluggish demand.

However, silver found some low level buying support and recovered by Rs 120 to Rs 45,350 per kg. It had lost Rs 270 in the previous two sessions.

Traders said stockists selling against sluggish demand mainly led to decline in gold prices.

At the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 200 each to Rs 30,160 and Rs 29,960 per ten grams, respectively. Sovereign remained steady at Rs 25,100 per piece of eight grams.

On the other hand, silver ready recovered by Rs 120 to Rs 45,350 per kg and weekly-based delivery by a similar margin to Rs 45,500 per kg.

Silver coins continued to be asked at last level of Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

Base Metals & Energy
COPPER  CRUDE OIL
                                                        D A I L Y B U Z Z
Nickel prices moved up by 0.13 per cent to Rs 852.20 per kg in futures trade today as speculators
enlarged their positions driven by rising demand from alloy-makers in the spot market.

At the Multi Commodity Exchange, nickel for delivery in January gained Rs 1.10, or 0.13 per cent, to Rs 852.20 per kg in a business turnover of 1,411 lots.

Similarly, the metal for delivery in February moved up by 90 paise, or 0.10 per cent, to Rs 860.40 per kg in 44 lots.

Agro Outlook
CHANA DHANIYA 
                                                     D A I L Y B U Z Z
Chana prices moved down by 0.82 per cent to Rs 3,017 per quintal in futures trading today as participants trimmed positions, triggered by increased supplies from producing regions against
subdued demand.

At the National Commodity and Derivative Exchange, chana for delivery in January moved down
by Rs 25, or 0.82 per cent, to Rs 3,017 per quintal with an open interest of 56,690 lots. Similarly,
the commodity for delivery in February lost Rs 21, or 0.68 per cent, to Rs 3,078 per quintal in
66,030 lots.

Refined soya oil remained weak for the second day and prices shed 0.56 per cent to Rs 682.50
per 10 kg in futures market today as speculators reduced positions following sluggish demand in
the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in January
fell further by Rs 3.85, or 0.56 per cent, to Rs 682.50 per 10 kg with an open interest of 34,140
lots.

Similarly, the oil for delivery in February declined by Rs 3.75, or 0.55 per cent, to Rs 675.60 per

10 kg in 1,24,140.

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REVIA MCX COMMODITY UPDATE FOR 31 DEC 2013

Agro Outlook
CHANA  DHANIYA
                                                          D A I L Y B U Z Z

Crude palm oil prices traded a shade higher at Rs 548.10 per 10 kg in futures market today as speculators indulged in creating fresh positions after pick up in demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in January moved up by 90 paise, or 0.16 per cent, to Rs 548.10 per 10 kg in business turnover of 81 lots.

Similarly, the oil for delivery in December edged up by 40 paise, or 0.07 per cent, to Rs 541.30 per 10 kg in 61 lots.

Sugar futures traded a shade higher at Rs 2,808 per quintal speculators created fresh positions, triggered by a pick up in demand in spot markets.

However, ample supplies from mills in the physical market restricted the gains.

At the National Commodity and Derivatives Exchange, sugar for delivery in January rose by Rs 5, or 0.18 per cent, to Rs 2,808 per quintal with an open interest of 24,360 lots.

Similarly, the sweetner for delivery in February traded higher by Rs 4, or 0.14 per cent, to Rs 2,793 per quintal in 17,100 lots.

Precious Metals

SILVER  GOLD

                                                       D A I L Y B U Z Z

Gold prices moved down by 0.19 per cent to Rs 28,509 per 10 gram in futures trade today as participants offloaded positions partially, taking weak cues from the global market.

At the Multi Commodity Exchange, gold for delivery in February contracts declined by Rs 55, or 0.19 per cent, to Rs 28,509 per 10 gram in business turnover of 341 lots.

Likewise, the metal for delivery in April shed Rs 44, or 0.16 per cent, to Rs 27,898 per 10 gram in 23 lots.

Market analysts said a weak trend in the overseas markets as investor holdings extended declines to the lowest since 2009, mainly put pressure on the gold prices at futures trade here.

Globally, gold fell 0.3 per cent to USD 1,209.76 an ounce in early trade Singapore today. 

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DAILY COMMODITY REPORT FOR 10 DEC 2013

Precious Metals

GOLD  SILVER

                                                     D A I L Y B U Z Z

Snapping its two-day losing streak, gold rebounded by Rs 255 to Rs 30,755 per ten grams in the national capital today on low level buying by stockists and retailers for the ongoing marriage season.

However, silver remained under selling pressure for the sixth straight session and shed Rs 30 to Rs 43,470 per kg. It had lost Rs 1,575 in the previous five sessions.

Traders said low level buying by stockists and retailers for the ongoing marriage season led the recovery in gold.

They said silver remained under selling pressure against reduced offtake by industrial units and surrendered fresh ground.

On the domestic front, gold of 99.9 and 99.5 per cent purity rebounded by Rs 255 each to Rs 30,755 and Rs 30,555 per ten grams, respectively. It had lost Rs 750 in last two days. Sovereign rose by Rs 100 to Rs 25,200 per piece of eight gram.

On the other hand, silver ready continued to slide by Rs 30 to Rs 43,470 per kg and weeklybased delivery.

Base Metals & Energy

COPPER  CRUDE OIL

                                                     D A I L Y B U Z Z

Taking weak cues from global markets, aluminium prices fell to Rs 106.75 per kg in futures trading today as speculators offloaded positions.

Further, sluggish demand in the domestic spot markets also weighed on the metal prices.

At the Multi Commodity Exchange, aluminium for delivery in December declined by 55 paise, or 0.51 

per cent, to Rs 106.75 per kg in business turnover of 153 lots. Similarly, the metal for delivery in January 2014 contracts traded lower by 50 paise, or 0.46 per cent, to Rs 108.50 per kg in 13 lots.

Amid a weak trend in the global markets and sluggish domestic demand, zinc futures today fell 0.21 per cent to Rs 116.75 per kg as participants reduced their positions.

At the Multi Commodity Exchange, zinc for delivery in January traded lower by 25 paise, or 0.21 per 

cent, to Rs 116.75 per kg, with a business turnover of six lots.

The metal for delivery in current month fell by 20 paise, or 0.17 per cent, to Rs 115.55 per kg in a 

turnover of 110 lots.

Nickel prices dropped 0.39 per cent to Rs 850.60 per kg in futures trade today after participants trimmed holdings tracking a weak trend overseas amid sluggish demand from alloy-makers in the spot 

market. At the Multi Commodity Exchange, nickel for delivery in January next year dropped by Rs 3.30, or 0.39 per cent, to Rs 850.60 per kg in a business turnover of 19 lots. The metal for delivery in current month shed Rs 2.70, or 0.32 per cent, to Rs 842 per kg in 48 lots. 

Agro Outlook

CHANA  DHANIYA

                                                 D A I L Y B U Z Z

Cardamom prices fell by 0.42 per cent to Rs 705.50 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market.

Besides, adequate stocks position in the physical market following increased arrivals from producing belts also put pressure on cardamom.

At the Multi Commodity Exchange, cardamom for delivery in December fell by Rs 3, or 0.42 per 

cent to Rs 705.50 per kg in business turnover of 104 lots. Similarly, the spice for delivery in January shed Rs 2.30, or 0.31 per cent to Rs 733.50 per kg in 113 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, subdued demand in the spot market mainly influenced cardamom prices at futures trade. 

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Commodity Precious Metals Tips & Ncdex Agro Outlook Update For 27 Nov 2013

SILVER   GOLD

                                                               D A I L Y B U Z Z

Silver prices rose by 0.98 per cent to Rs 44,936 per kg in futures trade today largely in tune with a recovery trend in precious metals overseas amid covering up of pending short positions by speculators.

At the Multi Commodity Exchange, silver for delivery in December traded higher by Rs 436, or 0.98 per cent, to Rs 44,936 per kg in business turnover of 987 lots.

Similarly, the white metal for delivery in far-mmonth March next year contracts traded Rs 431, or 0.94 per cent, higher at Rs 46,350 per kg in a turnover of 77 lots.

In the international market, silver rebounded to USD 20.11 an ounce in Singapore from yesterday's $19.59, the lowest since August 8.

Market analysts said besides short covering by speculators, a recovery in both the precious metals in the global market as the dollar weakened and lower prices spurred demand in China, the second-largest consumer, influenced silver prices in futures trade here.

COPPER CRUDE OIL

                                                                D A I L Y B U Z Z

Soybean futures January contract fell 2.83% to Rs 3823.5 per 100 kg, while December contract fel1 2.23% to Rs 3838 per 100 kg on Monday noon trade. Erractic domestic supplies, late rains in Madhya Pradesh, Maharashtra and Rajasthan have affected the yeilds and quality of soybeans causing short supply of quality beans and consequent bullish momentum to prices.

India soybean futures rose to near Rs 4000 per 100 kg last week on declining supplies in the spot market and healthy demand but has opened the week on a corrective note having fallen close to three percent in early trades on profit booking.

Soybean futures January contract fell 2.83% to Rs 3823.5 per 100 kg, while December contract fel1 2.23% to Rs 3838 per 100 kg on Monday noon trade. Erractic domestic supplies, late rains in Madhya Pradesh, Maharashtra and Rajasthan have affected the yeilds and quality of soybeans causing short supply of quality beans and consequent bullish momentum to prices.

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Daily Market Update on Precious Metals, Base Metals & Energy, Agro FOR 21 NOV 2013

SILVER      GOLD

                                                        D A I L Y B U Z Z

Gold edged lower on Wednesday, failing to capitalise on dovish Federal Reserve's comments as investors awaited the release of the minutes of the U.S. central bank's policy meeting later in the session for clues on when it will trim its stimulus.

In a speech that echoed comments by his nominated successor, Janet Yellen, Bernanke said that while the economy had made significant progress, it was still far from where officials wanted it to be.

Spot gold fell 0.3 percent to $1,270.96 an ounce by 1058 GMT. The short-term upside was capped at 10-day moving average of $1,290, while a break below $1,260 would trigger losses to $1,220, VTB Capital said in a note.

U.S. gold futures for December delivery fell 0.3 percent to $1,270.10 an ounce.

The dollar was marginally lower against a basket of currencies ahead of the minutes for the October 29-30 Fed meeting, due for release at 1900 GMT. Investors were looking for detail of Fed discussions on the timing of any tapering.

COPPER    CRUDE OIL

                                                         D A I L Y B U Z Z

MCX crude oil is expected to witness further recovery during intra-day trade. US Energy Information Administration (EIA) is scheduled to release its weekly crude oil inventory data at 21.00 IST on Wednesday. Also a list of data releases are scheduled for the day and traders may get further details for their trading.

India crude oil prices edged higher due to short covering and was seen trading up on Wednesday amid a slight recovery in global crude oil futures. NYMEX crude oil for January delivery was seen trading at $93.89 per barrel as of 15.35 IST.

Crude oil futures on India's Multi Commodity Exchange (MCX) for December delivery was seen trading with a gain of 0.47% at Rs.5928 per barrel as of 15.37 IST on Wednesday.

MCX crude oil is expected to witness further recovery during intra-day trade. Resistance for the commodity is seen at 5960 and trading above the same may push the prices further till 6000. Support for the commodity is seen at 5900 and 4875 levels, according to Melbin Noble, Research Analyst at Commodity Online.

CHANA      DHANIYA

                                                      D A I L Y B U Z Z

In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and Cotton.

Mixed trends were visible in agri-commodities markets with turmeric futures in India's National Commodity and Derivatives Exchange (NCDEX) gain sharply this week on estimates of lower producers while Chana fell 2.36% to Rs 3149 s market sentiments turned bearish on inferior quality of the commodity in Rajasthan and Maharashtra markets.

In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and COtton.

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RESEARCH VIA COMMODITY MCX NCDEX TIPS FOR 29/OCT/13

Precious Metals
SILVER  GOLD

                                                      D A I L YB U Z Z

Gold prices fell 0.24 per cent to Rs 30,460 per 10 gram in futures trade today as participants reduced their positions largely in tandem with a weak trend overseas amid profit booking.

At the Multi Commodity Exchange, Gold for delivery in far-month February next year eased by Rs 73, or 0.24 per cent, to Rs 30,460 per 10 gram in business turnover of 26 lots.

Likewise, the metal for delivery in December shed Rs 63, or 0.20 per cent, to Rs 30,797 per 10 gram in 613 lots.

Analysts said a weakening trend in the overseas markets, before the US Federal Reserve begins a meeting where policy makers may decide on the pace of monetary stimulus, mainly weighed on the gold prices in futures trade here.

Globally, gold fell 0.23 per cent to USD 1,349.80 an ounce in Singapore today.

Base Metals & Energy

COPPER CRUDE OIL

                                                     D A I L Y B U Z Z

Lead prices traded marginally higher by 0.37 per cent to Rs 134.80 per kg in futures trade today as

speculators created fresh positions after a rise in demand from battery-maker in the spot market.

At the Multi Commodity Exchange, lead for delivery in October traded higher by 50 paise, or 0.37 per

cent, to Rs 134.80 per kg in business turnover of 3,474 lots.

Likewise, the metal for delivery in November edged up by 35 paise, or 0.26 per cent, to Rs 136.05 per kg in 441 lots.

Market analysts said fresh positions built up by speculators on the back of a rise in demand from battery-maker in the spot market mainly helped lead prices to trade higher in futures trade.

Nickel prices moved up by 0.55 per cent to Rs 895.50 per kg in futures trading today as speculators

enlarged their positions, driven by pick up in demand from alloy-maker in the spot market.

At the Multi Commodity Exchange, nickel for delivery in October rose by Rs 4.90, or 0.55 per cent, to Rs 895.50 per kg in business turnover of 2,815 lots.

Likewise, the metal for delivery in November moved up by Rs 4.30, or 0.48 per cent, to Rs 902.30 per kg in 367 lots.

Market analysts attributed the rise in nickel futures to pick up in demand from alloy-maker in the spot

market.

Agro Outlook

CHANA  DHANIYA

                                                   D A I L Y B U Z Z

Cardamom prices up by 2.12 per cent to Rs 758 per kg in futures trade today after speculators

built up positions supported by rising demand at spot markets.

Besides, tight stocks position in the spot market following lower arrivals from producing regions

also influenced prices.

At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 15.80, or

2.12 per cent, to Rs 758 per kg, with a business turnover of 877 lots.

The spice for delivery in December increased by Rs 7.50, or 0.99 per cent, to Rs 762.40 per kg

with a trading volume of 253 lots.

Traders said firm demand in the physical market against restricted arrivals from producing belts

mainly influenced cardamom prices at futures trade.

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RESEARCH VIA COMMODITY TIPS FOR 09/OCT/13

Precious Metals

SILVER  GOLD

                                                          D A I L Y B U Z Z

Gold futures prices today rose by 0.22 per cent to Rs 29,549 per 10 gram as speculators enlarged positions, largely in tandem with a firming trend overseas.

At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 63, or 0.22 per cent, to trade higher at Rs 29,549 per 10 gram in a turnover of 1,349 lots.

Similarly, the metal prices for delivery in February 2014 edged up by Rs 22, or 0.05 per cent, to Rs 29,230 per 10 gram, clocking a business volume of 9 lots.

Gold rose by 0.17 per cent to USD 1,324.70 an ounce in Singapore today.

Amid a weak trend in the Asian region, silver prices fell by Rs 167, or 0.34 per cent, to trade at Rs 49,463 per kg in futures trade today as speculators reduced positions.

At the Multi Commodity Exchange, silver for delivery in December contract traded Rs 167, or 0.34 per cent, lower at Rs 49,463 per kg in business turnover of 884 lots.

In a similar fashion, the white metal for delivery in far-month March fell by Rs 174, or 0.34 per

cent lower, at Rs 50,601 per kg in four lots.

Base Metals & Energy

COPPER CRUDE OIL

                                                       D A I L Y B U Z Z

Zinc fell by 0.22 per cent to Rs 115.90 per kg in futures trade today as speculators trimmed positions tracking low demand in domestic spot markets even as metal firmed in the global market.

At the Multi Commodity Exchange, zinc prices for delivery in November shed 25 paise, or 0.22 per cent, to Rs 115.90 per kg in business turnover of seven lots.

In similar fashion, the metal for delivery in October traded lower by 20 paise, or 0.17 per cent, to Rs 114.60 per kg in 305 lots.

Market analysts said sluggish domestic demand in the spot market mainly put pressure, but a firming trend in base metals overseas limited the fall.

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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COMMODITY REPORT OF RESEARCH VIA FOR 08/OCT/2013

Precious Metals

SILVER GOLD

                                           D A I L Y B U Z Z

Gold futures prices rose by 0.79 per cent to Rs 29,000 per 10 gm today as speculators enlarged their positions on the back of firming global trends.

At the Multi Commodity Exchange, Gold for delivery in February, 2014 rose by Rs 228, or 0.79 per cent, to Rs 29,000 per 10 grams, with a business turnover of 11 lots.

In a similar fashion, the metal for delivery in December contracts moved up by Rs 226, or 0.78 per cent, to Rs 29,315 per 10 grams, with a trade volume of 666 lots.

Silver futures prices today rose by 0.75 per cent, to Rs 49,714 per kg, largely in tandem with a firming trend in precious metals in the global markets.

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 368, or 0.75 per cent, to Rs 49,714 per kg in a business turnover of fiv e lots.

Similarly, the white metal for delivery in December traded Rs 352, or 0.70 per cent, higher at Rs 48,549 per kg in a turnover of 551 lots. In the international market, silver traded a shade higher at USD 21.74 an ounce in Singapore.

Base Metals & Energy

COPPER CRUDE OIL

                                            D A I L Y B U Z Z

Buoyed by a firm global trend and increased domestic demand, copper prices rose by 0.54 per cent to Rs 467 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 2.45, or 0.54 per cent to Rs 456.65 per kg in business turnover of 1,263 lots.

Similarly, the metal for delivery in February next year, edged up by Rs 2.15, or 0.46 per cent to Rs 467 per kg in a turnover of 51 lots.

Globally, copper for delivery in three months traded higher at USD 7,266.25 a tonne on the London Metal Exchange (LME).

Supported by demand in the domestic spot market and a firming global trend, lead futures prices today rose marginally to Rs 127.80 per kg.

At the Multi Commodity Exchange, lead for delivery in November traded 90 paise, or 0.71 per cent, higher to Rs 127.80 per kg, with a turnover of 15 lots.

The metal for delivery in October gained 80 paise, or 0.63 per cent, to Rs 126.80 per kg in a business volume of 434 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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RESEARCH VIA DAILY COMMODITY REPORT FOR 17/09/2013

Precious Metals

SILVER  GOLD

                                  DAILY BUZZ

Gold futures prices today fell by 1.52 per cent to Rs 29,669 per 10 grams as speculators 

offloaded their positions, taking weak cues from the global market amid rising rupee.

Besides, subdued spot demand and profit-booking by speculators also put pressure on gold futures. 

At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 459, or 1.52 per cent, to Rs 29,669 per 10 grams in business turnover of 2,853 lots. 

Similarly, metal prices for delivery in far-month December declined by Rs 430, or 1.44 per cent, to Rs 29,526 per 10 grams in 291 lots. 

Analysts said the fall in gold futures was mostly attributed to a weak trend in the Asian region and a rising rupee, which made dollar-quoted precious metal cheaper.

Globally, gold prices fell $ 4.20, or 0.32 per cent to trade at $ 1,323.70 an ounce in Singapore.

Base Metals & Energy

COPPER CRUDE OIL

                                   DAILY BUZZ

Nickel prices surged by 0.32 per cent to Rs 885 per kg in futures trade today as speculators enlarged their positions on the back of strong demand from alloy -makers in the spot market amid a firming global trend.

At the Multi Commodity Exchange, nickel for delivery in October month up by Rs 2.80, or 0.32

per cent, to Rs 885 per kg in business turnover of 166 lots.

In a similar fashion, the metal for delivery in September edged higher by Rs 2.60, or 0.30 per

cent, to Rs 876.10 per kg in 1,887 lots.

Lead prices rose by 0.37 per cent to Rs 135.80 per kg in futures market today as speculators

built-up positions, driven by pick-up in demand from battery makers in the spot market amid a

firm global trend.

At the Multi Commodity Exchange, lead for delivery in October rose by 50 paise, or 0.37 per

cent, to Rs 135.80 per kg in business turnover of 83 lots.

Likewise, the metal for delivery in September traded higher by 35 paise, or 0.26 per cent, to Rs

134.70 per kg in 1,889 lots.

Market analysts attributed the rise in lead prices at futures trade to rising demand from battery -

makers in the spot market and a firming trend in the global market.

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RESEARCH VIA DAILY COMMODITY REPORT FOR TODAY

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COMMODITY REPORT FOR TODAY

Precious Metals
SILVER   GOLD
                                                       D A I L Y B U Z Z
Gold futures prices today fell by 1.06 per cent to Rs 31,291 per 1 0 grams as speculators offloaded their positions in tandem with a weak global trend amid strengthening rupee.
At the Multi Commodity Exchange, gold prices for delivery in far-month December fell by Rs 334, or 1.06 per cent, to Rs 31,291 per 10 grams in business turnover of 92 lots.
Similarly, metal prices for delivery in October declined by Rs 327, or 1.04 per cent, to Rs 31,213 per ten grams in 1,269 lots.
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on speculation that the US Federal Reserve will start to pare stimulus from next week, and as a bid to avert military action in Syria eroded haven demand.
Besides, strengthening rupee, making imports of dollar-quoted precious metal cheaper, also helped gold to trade lower, they said.
Meanwhile, gold prices fell 0.8 per cent to USD 1,375.81 an ounce in Singapore.

Base Metals & Energy

COPPER CRUDE OIL

                                                       D A I L Y B U Z Z

Amid a weak trend overseas and profit-booking by speculators, copper prices fell by 0.86 per cent to Rs 478.50 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in February month fell by Rs 4.15, or 0.86 per cent, to Rs 478.50 per kg in business turnover of 64 lots.

Similarly, the metal for delivery in November traded lower by Rs 4, or 0.84 per cent, to Rs 469.40 per kg in 2,640 lots.

Nickel prices moved down by 1.37 per cent to Rs 892.50 per kg in futures trade today due to sluggish demand from alloy-makers in the spot market amid a weak global trend.

At the Multi Commodity Exchange, nickel for delivery in October month declined by Rs 12.40, or 1.37 per cent to Rs 892.50 per kg in a turnover of 60 lots.

Similarly, the metal for delivery in September traded lower by Rs 12.10, or 1.35 per cent to Rs 884.20 per kg in 1,005 lots.

Crude oil futures price today dipped 1.32 per cent to Rs 6,963 per barrel, as speculators trimmed positions at prevailing levels amid a weakening trend in the Asian trade as fears of a possible US-led strike on Syria eased.At the Multi Commodity Exchange, crude oil for delivery in September fell by Rs 93, or 1.32 per cent, to Rs 6,963 per barrel in 3,196 lots.

Agro Outlook

CHANA  DHANIYA

                                                    D A I L Y B U Z Z

Soybean prices hardened by Rs 69.50 to Rs 3,561 per quintal in futures trading today on traders' buying on the back of firm overseas markets sentiment.

Marketmen said thin supply and pick up in domestic demand mainly supported the upsurge in futures trade.

At the National Commodity and Derivatives Exchange, soybean prices for far January contract spurted by Rs 69.50, or 1.91 per cent to Rs 3,561 per quintal, with an open interest of 3,090 lots.

Most active near November contract surged by Rs 63.50, or 1.79 per cent to Rs 3,508 per quintal, having an open interest of 1,14,030 lots.

Mentha oil prices edged up by Rs 1.50 to Rs 948.50 per quintal in futures today as speculators enlarged positions after pick up in demand in the spot market.

At the Multi Commodity Exchange, mentha oil for delivery in September edged up by Rs 1.50, or 0.16 per cent to Rs 948.50 per kg in business turnover of 619 lots.

Likewise, the oil for delivery in October traded marginally higher by 20 paise, or 0.02 per cent to Rs 962.60 per kg in 85 lots.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 06/09/2013

Precious Metals

GOLD    SILVER

D A I L Y   B U Z Z

Taking weak cues from the global market and profit-booking by speculators, silver futures prices today fell sharply by Rs 1,973, or 3.33 per cent, to Rs 57,260 per kg.

Analysts said a weak trend in the overseas markets on mounting concern over the US Fed scaling back stimulus and profit-booking by speculators after recent gains, weighed on silver futures prices.

At the Multi Commodity Exchange, silver prices for delivery in December fell by Rs 1,973, or 3.33 per cent, to Rs 57,260 per kg in business turnover of 3,862 lots.

Similarly, the white metal prices for delivery in September lost Rs 1,831, or 3.20 per cent, at Rs 55,477 per kg in 31 lots.

Meanwhile, silver shed 1.85 per cent to USD 23.83 an ounce in Singapore today.

Base Metals & Energy

COPPER  CRUDE OIL

D A I L Y B U Z Z

Tracking a weak trend in base metals overseas and subdued spot demand, zinc futures prices today fell 0.84 per cent to Rs 129.10 per kg as speculators reduced positions.

At the Multi Commodity Exchange, zinc prices for delivery in September declined by Rs 1.10, or 0.84 per cent, to Rs 129.10 per kg in business turnover of 227 lots.

Likewise, the metal prices for delivery in October traded lower by Rs 1.05, or 0.80 per cent, to Rs 130.30 per kg in just one lot.

Aluminium prices edged lower by 0.92 per cent to Rs 123.90 per kg in futures trade today as participants trimmed positions, tracking a weak overseas trend.

At the Multi Commodity Exchange, aluminium for delivery in October shed Rs 1.15, or 0.92 percent, to Rs 123.90 per kg in business turnover of 20 lots.

Likewise, the metal for delivery in September traded lower by Rs 1.10, or 0.89 per cent, to Rs 122.65 per kg in 242 lots.

Crude oil futures prices today fell by 1.82 per cent to Rs 7,392 per barrel, after speculators reduced exposures amid a mixed trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 137, or 1.82 percent, to Rs 7,392 per barrel in 1,246 lots.Oil for September delivery moved down by Rs 132, or 1.76 per cent to Rs 7,375 per barrel in a turnover of 12,442 lots.

Agro Outlook

CHANA   DHANIYA

D A I L Y B U Z Z

Cardamom prices recovered by 0.58 per cent to Rs 833 per kg in futures market today as speculators created fresh positions after an improvement in demand in the spot market amid restricted arrivals from producing regions.

At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 4.80, or 0.58 per cent to Rs 833 per kg in business turnover of 51 lots.

Likewise, the spice for delivery in October traded higher by Rs 1.50, or 0.19 per cent to Rs 793 per kg in 116 lots.

Market analysts said the rise in cardamom prices at futures trade was mostly attributed to speculators creating fresh positions after an improvement in demand in the spot market amid restricted arrivals from producing regions.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 29/08/2013

Precious Metals

S I L V E R   GOLD

                                                     D A I L Y B U Z Z

Silver futures prices today spurted by 1.57 per cent to Rs 54,630 per kg as speculatorscreated 

positions even as metal declined in Asian trade.

At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 843, or 

1.57 per cent, to Rs 54,630 per kg in business turnover of 905 lots. 

On the similar lines, the white metal for delivery in far-month December traded Rs 829, or 1.51 

per cent, higher at Rs 55,660 per kg in a turnover of 91 lots. 

In the international market, silver, however, declined 1 per cent to USD 24.07 an ounce after 

climbing to USD 24.41 yesterday, the highest since May.

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Base Metals & Energy

C O P P E R   C R U D E O I L

                                                      D A I L Y B U Z Z

Crude oil futures prices today rose by 1.21 per cent to Rs 6,951 per barrel as speculators 

enlarged positions, tracking a firming trend in the Asian region.

At the Multi Commodity Exchange, crude oil prices for delivery in September traded Rs 83, or 

1.21 per cent higher at Rs 6,951 per barrel, with a business turnover of 4,578 lots. 

The crude oil prices for October also up by Rs 76, or 1.11 per cent, to Rs 6,944 per barrel, with a business volume of 513 lots. 

Market analysts said the rise in crude oil futures attributed to a firming trend in Asia on 

concerns over possible US military action against Syria after Washington warned President 

Bashar al-Assad's regime it would face action over an alleged chemical weapons attack.

Agro Outlook

              CHANA                                                                                                  DHANIYA

                                                                                   

                                                             D A I L Y B U Z Z

Supported by a pick up in industrial demand in the spot market and restricted supplies from 

producing regions, mentha oil prices gained 0.85 per cent to Rs 879.50 per kg in futures trade 

today. 

At the Multi Commodity Exchange, mentha oil for delivery in August moved up by Rs 7.40, or 

0.85 per cent to Rs 879.50 per kg in business turnover of 364 lots. 

Similarly, the oil for delivery in September gained Rs 5.70, or 0.65 per cent to Rs 895.60 per kg in 358 lots.

Turmeric prices rose by Rs 76 to Rs 5,240 per quintal in futures market today as speculators created enlarged positions, driven by a rise in demand in the spot market against tight supplies from producing region. 

At the National Commodity and Derivatives Exchange, turmeric for delivery in October rose by Rs 76, or 1.47 per cent to Rs 5,240 per quintal in an open interest of 8,900 lots. 

Similarly, the spice for delivery in September rose by Rs 60, or 1.18 per cent to Rs 5,154 per quintal in 17,060 lots.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 27/AUG/2013

Precious Metals
S I L V E R   GOLD
                                                                D A I L Y B U Z Z
Amid a firming trend in the global market, gold prices rose 0.20 per cent to Rs 31,820 per 10 
gram in futures trade today as speculators created fresh positions.

Besides, a firming trend at the domestic spot markets on the back of stockists buying ahead of 
festive season, also supported the rise in gold futures prices here.

At the Multi Commodity Exchange, metal for delivery in October gained Rs 66, or 0.20 per cent, to trade at Rs 31,820 per 10 gm in a turnover of 655 lots.

On similar lines, the metal for delivery in far-month December gained Rs 65, or 0.21 per cent, 
to Rs 31,756 per 10 gram in a business volume of 41 lots.

Silver prices jumped Rs 379, or 0.71 per cent, to Rs 53,850 per kg in futures trading today as speculators created positions largely in tandem with a firming overseas trend.

At the Multi Commodity Exchange, silver for delivery in September traded Rs 379, or 0.71 per cent higher at Rs 53,850 per kg in business turnover of 1,195 lots. 

Likewise, the white metal for delivery in December traded higher by Rs 389, or 0.71 per cent, to Rs 54,850 per kg in 105 lots.

Base Metals & Energy
C O P P E R      C R U D E O I L
                                                               D A I L Y B U Z Z
Nickel prices moved up by 0.98 per cent to Rs 937.60 per kg in futures market today as 
speculators enlarged their positions, tracking a firming trend in Asian trade. 

Besides, an encouraging trend in the domestic spot markets on the back of strong demand from alloy-makers supported the upside.

At the Multi Commodity Exchange, nickel for delivery in August gained Rs 9.10, or 0.98 per 
cent, to Rs 937.60 per kg in business turnover of 639 lots.

Similarly, the metal for delivery in September rose by Rs 9, or 0.96 per cent, to Rs 945.20 per 
kg in 97 lots.

Lead futures prices today rose by 0.60 per cent to Rs 143.15 per kg as speculators created 
positions amid a firming trend in Asian trade on speculation that the US Federal Reserve may 
hold off on curbing stimulus measures in September and rising demand at domestic spot 
markets. 

At the Multi Commodity Exchange, lead for delivery in August traded 85 paise, or 0.60 per cent, higher at Rs 143.15 per kg, with a turnover of 498 lots.

The metal for delivery in September also rose by 75 paise, or 0.53 per cent, to trade at Rs 143.20 per kg, in a business turnover of 69 lots.

Agro Outlook
CHANA     DHANIYA
                                                          D A I L Y B U Z Z
Supported by a pick up in industrial demand in the spot market and restricted supplies from 
producing regions, mentha oil prices gained 0.85 per cent to Rs 879.50 per kg in futures trade 
today.

At the Multi Commodity Exchange, mentha oil for delivery in August moved up by Rs 7.40, or 
0.85 per cent to Rs 879.50 per kg in business turnover of 364 lots.

Similarly, the oil for delivery in September gained Rs 5.70, or 0.65 per cent to Rs 895.60 per kg in 358 lots.

Turmeric prices rose by Rs 76 to Rs 5,240 per quintal in futures market today as speculators created enlarged positions, driven by a rise in demand in the spot market against tight supplies from producing region.

At the National Commodity and Derivatives Exchange, turmeric for delivery in October rose by Rs 76, or 1.47 per cent to Rs 5,240 per quintal in an open interest of 8,900 lots.

Similarly, the spice for delivery in September rose by Rs 60, or 1.18 per cent to Rs 5,154 per quintal in 17,060 lots.

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COMMODITY REPORT FOR 26/AUG/2013

Precious Metals

S I L V E R   GOLD

                                                   D A I L Y B U Z Z

Gold futures prices today fell by 0.61 per cent to Rs 31,200 per 10 gram as speculators offloaded their positions, taking cues from the global market.Besides, profit-booking by speculators also put pressure on gold futures.

At the Multi Commodity Exchange, gold pr ices for delivery in December fell by Rs 193, or 0.61per cent, to Rs 31,200 per 10 grams in business turnover of 16 lots.

Similarly, metal prices for delivery in October declined by Rs 173, or 0.55 per cent, to Rs 31,271per 10 gram in 393 lots.

Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas asinvestors weighed the minutes of the US Federal Reserve's last meeting, which reinforced
expectations that stimulus will be tapered amid strengthening dollar, reducing appeal for the precious metal as an alternative investment .

Globally, gold prices fell 0.8 per cent to trade at $1,355.30an ounce in Singapore.

Base Metals & Energy

C O P P E R      C R U D E O I L 

                                                   D A I L Y B U Z Z

Supported by a positive economic data and increased domestic demand, copper prices rose by 0.88 per cent to Rs 474.50 per kg in futures trade today as participants enlarged positions.

At the Multi Commodity Exchange, copper for delivery in August traded higher by Rs 4.15, or 0.88 per cent, to Rs 474.50 per kg in business turnover of 1,751 lots.

The metal for delivery in far-month November shot up by Rs 3.20, or 0.67 per cent to Rs 478.50 per kg in 388 lots.

Globally, copper for delivery in three months climbed 0.20 per cent to $7,336 per tonne on the London Metal Exchange.

Crude oil futures prices today rose by 0.71 per cent to Rs 6,777 per barrel as speculators enlarged positions, tracking a firming trend in the Asian region.

At the Multi Commodity Exchange, Crude oil prices for delivery in September traded Rs 48, or 0.71 per cent higher at Rs 6,777 per barrel, with a business turnover of 490 lots.

The crude oil prices for October also up by Rs 47, or 0.64 per cent, to Rs 6,771 per barrel, with a business volume of 208 lots.

Agro Outlook

CHANA    DHANIYA

                                              D A I L Y B U Z Z

Soybean future prices firmed up by Rs 72 to Rs 3,350 per quintal in futures trade today on increased buying by traders in line with firm overseas cues.

Marketmen said rise in price in international markets, supported by low supply and rising domestic demand mainly improved the sentiment here in futures trade.

At the National Commodity and Derivatives Exchange, soybean for October gained Rs 72, or2.20 per cent, to Rs 3,350 per quintal, with an open interest of 84,850 lots.

Prices for November contract also spurted by Rs 66.50, or 2.02 per cent, to Rs 3,360 per quintal,clocking an open interest of 86,060 lots.

Mentha oil prices were up Rs 6.50 to Rs 859 per kg in futures trade today as speculators enlarged

positions, driven by a rising demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, mentha oil for delivery in August month rose by Rs 6.50, or 0.76 percent, to Rs 859 per kg in business turnover of 244 lots.

Similarly, the oil for delivery in September moved up by Rs 6.50, or 0.75 per cent, to Rs 874.80 per kg in214 lots.

In a similar fashion, the spice for delivery in October traded higher by Rs 2.70, or 0.34 per cent, to Rs 791per kg in 30 lots.

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