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 TIPS ON PRECIOUS METALS FOR 25 NOV 2013

SILVER  GOLD
                                                         D A I L Y B U Z Z

Gold prices moved down by 0.43 per cent to Rs 29,941 per 10 gram in futures trade, 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 129, or 0.43 per cent, to Rs 29,941 per 10 gram in business turnover of 372 lots. Likewise, the metal for delivery in far-month February next year shed Rs 103, or 0.35 per cent, to Rs 29,329 per 10 gm in 34 lots.

Market analysts said a weak trend in the overseas markets after the US Federal Reserve signalled that policy makers may reduce monthly bond purchases in the coming months, mainly weighed on gold futures here.

Globally, gold fell 2.54 per cent to $1,242.80 an ounce in New York on Wednesday.

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REVIA DAILY COMMODITY REPORT 22 NOV 2013

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

             Gold prices moved down by 0.43 per cent to Rs 29,941 per 10 gram in futures trade, 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 129, or 0.43 per cent, to Rs 29,941 per 10 gram in business turnover of 372 lots. Likewise, the metal for delivery in far-month February next year shed Rs 103, or 0.35 per cent, to Rs 29,329 per 10 gm in 34 lots. 

           Market analysts said a weak trend in the overseas markets after the US Federal Reserve signalled that policy makers may reduce monthly bond purchases in the coming months, mainly weighed on gold futures here. Globally, gold fell 2.54 per cent to $1,242.80 an ounce in New York on Wednesday.December 2013 silver futures at the MCX were trading down 0.57% at Rs 44,742 per 1 kg after hitting high of Rs 44,851. It opened at Rs 44,851.

Base Metals & Energy

COPPER   CRUDE OIL

                                                     D A I L Y B U Z Z
Crude oil futures are trading lower in global markets on Thursday. January 2013 Brent crude oil futures down 0.32% to USD 107.71 a barrel on the New York Mercantile Exchange.

Meanwhile, January 2013 light sweet crude oil (WTI) futures decreased 0.27% to trade at USD 93.59 a barrel on the New York Mercantile Exchange (12.34 pm IST).

Agro Outlook
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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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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MCX COMMODITY REPORT FOR EVENING FOR 15 NOV 13

Precious Metals
SILVER    GOLD
                                                         D A I L Y B U Z Z
Gold prices recovered by 0.25 per cent to Rs 29,778 per 10 grams in futures trade today as speculators covered short positions even as precious metal remained weak overseas.

At the Multi Commodity Exchange, gold for delivery in December recovered by Rs 73, or 0.25 per cent, to Rs 29,778 per 10 gram in business turnover of 1,106 lots.

The metal for delivery in far-month February moved up by Rs 50, or 0.17 per cent, to Rs 29,479 per 10 gm in a turnover of 54 lots.

Silver prices recovered by 0.37 per cent to Rs 49,849 per kg in futures trade today, largely supported by covering-up of short positions by speculators even as the metal weakened in overseas markets.

Base Metals & Energy
COPPER     CRUDE OIL
                                                       D A I L Y B U Z Z
Crude oil prices in the global market remained weak on Thursday due to concerns over higher than
expected crude oil inventories and fears that US Central Bank may roll back its monetary stimulus later
this year on improving conditions of the United States. However, the statement from Yellen may have
limited further weakness in the commodity prices. Janet Yellen, nominee to lead the US Fed, said on
Wednesday that economy and labour market are still weak and Fed continue to support the economy

through its monetary stimulus program.

WTI crude oil for December delivery on NYMEX was seen trading with a loss of 15 cents at $93.73 per barrel as of 17.02 IST on Thursday.

Agro Outlook
CHANA     DHANIYA
                                                       D A I L Y B U Z Z
India soybean futures dropped on Wednesday as a result of profit booking despite weak Indian
currency and concerns over crop damage in key soybean growing areas due to excess rain fall
activities.

Soybean futures for December delivery on India's National Commodity and Derivatives Exchange (NCDEX) was seen trading with a loss of 1.13% at Rs.3920 per 100 kgs as of 13.14 IST on Wednesday.

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DAILY COMMODITY REPORT FOR 13 NOV 2013

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

Gold prices recovered by 0.25 per cent to Rs 29,778 per 10 grams in futures trade today as  speculators covered short positions even as precious metal remained weak overseas.

At the Multi Commodity Exchange, gold for delivery in December recovered by Rs 73, or 0.25  per cent, to Rs 29,778 per 10 gram in business turnover of 1,106 lots.

The metal for delivery in far-month February moved up by Rs 50, or 0.17 per cent, to Rs 29,479  per 10 gm in a turnover of 54 lots.

Silver prices recovered by 0.37 per cent to Rs 49,849 per kg in futures trade today, largely  supported by covering-up of short positions by speculators even as the metal weakened in  overseas markets.

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

Lead prices traded lower by 0.55 per cent to Rs 135.20 per kg in futures market today as speculators
reduced their positions due to sluggish demand from battery makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in December declined by 75 paise, or 0.55 per cent,  to Rs 135.20 per kg in business turnover of 81 lots.

Likewise, the metal for delivery in November shed 70 paise, or 0.52 per cent, to Rs 134.10 per kg in 2,527  lots.

Analysts attributed the weakness in lead futures to offloading of positions by speculators on sluggish

demand from battery-maker in the spot market.

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

Sugar futures dropped due to poor demand and ample stocks with mills, and many trade and  industry officials believe the contract could fall further.

The key December contract was down 0.11 percent at 2,837 rupees per 100 kg at 1033 GMT on  the National Commodity and Derivatives Exchange.

India started the new sugar-marketing year with carry-forward stocks of 8.8 million tonnes. The
country is expected to produce 25 million tonnes this year against a demand of 23 million  tonnes.

A pick-up in exports could help mills in trimming inventory and support prices, dealers said. Indian traders have struck deals to export about 175,000 tonnes of raw sugar for DecemberJanuary delivery, marking their first sale in the new season that started on Oct. 1.

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DAILY COMMODITY REPORT FOR 12/NOV/13

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

Gold prices recovered by 0.25 per cent to Rs 29,778 per 10 grams in futures trade today as  speculators covered short positions even as precious metal remained weak overseas.

At the Multi Commodity Exchange, gold for delivery in December recovered by Rs 73, or 0.25  per cent, to Rs 29,778 per 10 gram in business turnover of 1,106 lots.

The metal for delivery in far-month February moved up by Rs 50, or 0.17 per cent, to Rs 29,479  per 10 gm in a turnover of 54 lots.

Silver prices recovered by 0.37 per cent to Rs 49,849 per kg in futures trade today, largely  supported by covering-up of short positions by speculators even as the metal weakened in  overseas markets.

Base Metals & Energy
COPPER  CRUDE OIL
                                                       D A I L Y B U Z Z
Lead futures prices rose marginally by 0.07 per cent today to trade at Rs 135.50 per kg on rising demand  in spot markets and positive cues from global markets.

At the Multi Commodity Exchange, lead for delivery in November traded 10 paise, or 0.07 per cent,
higher at Rs 135.50 per kg, with a turnover of 1,229 lots.

The metal for delivery in December also rose by a similar margin to trade at Rs 136.55 per kg, in a
business turnover of 133 lots.

Analysts said besides strong domestic demand from battery-makers, a firm trend in base metals at the

London Metal Exchange influenced lead prices at futures trade here.

Agro Outlook
CHANA  DHANIYA
                                                      D A I L Y B U Z Z
Sugar futures dropped due to poor demand and ample stocks with mills, and many trade and  industry officials believe the contract could fall further.

The key December contract was down 0.11 percent at 2,837 rupees per 100 kg at 1033 GMT on
the National Commodity and Derivatives Exchange.

India started the new sugar-marketing year with carry-forward stocks of 8.8 million tonnes. The
country is expected to produce 25 million tonnes this year against a demand of 23 million tonnes.

A pick-up in exports could help mills in trimming inventory and support prices, dealers said.

Indian traders have struck deals to export about 175,000 tonnes of raw sugar for DecemberJanuary delivery, marking their first sale in the new season that started on Oct. 1.

Spot sugar was unchanged at 3,200.00 rupees per 100 kg at the Kolhapur market in topproducing Maharashtra state. 

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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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DAILY COMMODITY REPORT FOR 16/SEPT/2013

Precious Metals

SILVER  GOLD

                                       D A I L Y  B U Z Z

Continuing its slide, silver prices fell by 0.56 per cent to trade at Rs 51,401 per kg in futures trade today as participants engaged in reducing their positions amid a weakening trend in the global markets.

At the Multi Commodity Exchange, silver for delivery in far-month March traded Rs 286, or 0.56 per cent, lower at Rs 51,401 per kg in a business turnover of 19 lots. 

In a similar fashion, the white metal for delivery in December fell by Rs 265, or 0.49 per cent, to Rs 50,230 per kg in 1,248 lots.

Market analysts said offloading of positions by speculators following a weak trend overseas, before the US Federal Reserve meets to consider tapering its monthly asset purchases, put pressure on silver futures prices here. 

Meanwhile, silver fell by 0.18 per cent to 21.70 dollar an ounce in Singapore today.

Base Metals & Energy

COPPER  CRUDE OIL

                                        D A I L Y  B U Z Z

Buoyed by increased domestic demand, copper prices rose 0.33 per cent to Rs 460.75 per kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 1.50, or 0.33 per cent, to Rs 460.75 per kg in business turnover of 3,742 lots.

The metal for delivery in far-month February edged up by Rs 1.15, or 0.25 per cent, to Rs 469.70 per kg in 97 lots.

Globally, copper for delivery in three months on the London Metal Exchange rose 0.3 per cent to $ 7,078.50 a metric tonne.

Market analysts said apart from increased demand at domestic spot markets from consuming industries, a firming overseas trend, mainly influenced copper prices at futures trade here.

Agro Outlook

DHANIYA CHANA

                                      D A I L Y  B U Z Z

Turmeric futures rose on Friday on bargain-buying, supported by hopes of a pickup in local demand in the festive season, while export demand also aided sentiment.

The most-actively traded turmeric contract for October delivery was up 1.68 per cent at Rs 4,966 per 100 kg on the National Commodity and Derivatives Exchange (NCDEX) at 1017 GMT. It fell 7.6 per cent between Sept. 3 and Sept. 12.

"Some bargain buying is seen after the recent fall in prices. Local demand may pick up ahead of festivals," said Sudha Acharya, an analyst at Kotak Commodities. At Nizamabad, a key market in

Andhra Pradesh, spot turmeric edged up 26 rupees to Rs 4,968 per 100 kg.

Acharya expects the October contract to rise to Rs 5,040 in the near term. Jeera, or cumin seed, futures rose due to overseas demand while a pickup in the local demand also supported the upside.

However, higher spot supplies and prospects of better sowing capped the gains. Traders expect

jeera sowing to be better this season because of ample rains that have increased moisture in the soil.

Jeera is a winter crop sown from October. Farmers mainly depend on rains to moisten the land for sowing.

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RESEARCH VIA DAILY COMMODITY REPORT FOR TODAY

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COMMODITY UPDATE FOR 07/aug/2013

Precious Metals

S I L V E R   G O L D                                                          D A I L Y B U Z Z
Gold futures prices today rose by 0.31 per cent to Rs 27,821 per 10 grams as speculators 
covered-up their short positions even as metal weakened overseas.

Weakening rupee also influenced gold prices at futures trade.

At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 86, or 0.31 per cent, to trade higher at Rs 27,821 per 10 gm in a turnover of 325 lots.

Similarly, the metal prices for delivery in October edged up by Rs 53, or 0.19 per cent, to Rs 
27,909 per 10 gm, clocking a business volume of 6,177 lots.

Analysts attributed gains in the precious metal at futures trade to covering-up of short positions 
by speculators even as metal showed weakness in the global market.

Besides, weakening rupee dropped to an all-time low of Rs 61.51 against the dollar, which made imports costlier, also influenced gold prices.

Globally, gold fell USD 11.70, or 0.90 per cent, to USD 1,292.10 an 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
Copper prices rose 0.60 per cent to Rs 430.75 per kg in futures trade today as speculators 
created fresh positions after increased industrial demand in the spot market.

At the Multi Commodity Exchange, copper for delivery in August rose by Rs 2.55, or 0.60 per 
cent to Rs 430.75 per kg in business turnover of 5958 lots.

Similarly, the metal for delivery in November traded higher by Rs 2.10, or 0.48 per cent to Rs 
438.30 per kg in 404 lots.

Market analysts said fresh positions created by speculators on the back of increased industrial 

demand in the spot market mainly helped copper to trade higher at futures trade.

Agro Outlook
CHANA  DHANIYA
                                                   D A I L Y B U Z Z
Sugar futures edged lower on Tuesday on surplus supplies, though an improvement in demand 
due to festivals and prospects of exports due a weak rupee limited the downside.

At 0900 GMT, the key September contract on the National Commodity and Derivatives 
Exchange was down 0.26 per cent at Rs 3,011 ($48.88) per 100 kg.

"In the coming weeks we may see few exports deals happening. The depreciation in the rupee is bringing parity."

The rupee lost as much as 1.5 per cent to 61.80 per dollar on Tuesday, breaking a previous record low of 61.21 on July 8, on sustained worries about the country's record high current account deficit.
.
Spot sugar rose Rs 11 to Rs 3,062 per 100 kg at the Kolhapur market in Maharashtra state.

India is likely to produce 23.7 million tonnes of sugar in the 2013/14 marketing year beginning 
October, down 5.2 per cent from a year earlier, but higher than the local demand of around 23 

million tonnes.

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Commodity Update For 16/july/2013

Precious Metals
                                                           D A I L Y B U Z Z

Silver prices spurted by nearly 1 per cent to Rs 42,590 per kg in futures trade today as participants engaged in creating speculative positions, tracking a firming trend in base metals overseas.

At the Multi Commodity Exchange, silver for delivery in far-month December traded higher by Rs 417, or 0.99 per cent, to Rs 42,590 per kg in business turnover of 33 lots.

On similar lines, the metal for delivery in September traded Rs 290, or 0.94 per cent, higher at Rs 41,870 per kg in a turnover of 1,648 lots.

In the international market, silver climbed 1.2 per cent, to trade at USD 20.17 an ounce in Singapore.

Base Metals & Energy

                                                          D A I L Y B U Z Z

Supported by a firming trend in the global markets, copper prices today rose by 0.47 per cent to Rs 427.70 per kg in futures trade as speculators indulged in enlarging positions.

At the Multi Commodity Exchange, copper for delivery in November edged up by Rs 2, or 0.47 per cent, to Rs 427.70 per kg in business turnover of 103 lots.

Likewise, the metal for delivery in August traded higher by Rs 1.85, or 0.44 per cent, to Rs 421.90 per kg in 1,899 lots.

Lead futures prices today gained 0.44 per cent on rising demand at domestic spot markets amid a firming trend in the global markets after China released data showing the economy grew in line with expectations in the April-June quarter.

At the Multi Commodity Exchange, lead for delivery in August traded 55 paise, or 0.44 per cent, higher at Rs 125.30 per kg, with a turnover of 23 lots.

The metal for delivery in July also up by 45 paise, or 0.36 per cent, to trade at Rs 124.2 per kg, in a business turnover of 524 lots.

Nickel prices moved up by 0.34 per cent to Rs 833.70 per kg in the futures market today as speculators 

enlarged their positions, tracking a firming trend in spot market on increased demand from alloy makers. At the Multi Commodity Exchange, nickel for delivery in August gained Rs 2.80, or 0.34 per cent, to Rs 833.70 per kg in business turnover of 38 lots.

Agro Outlook

                                                     D A I L Y B U Z Z

Cardamom prices fell by 2.16 per cent to Rs 670 per kg in futures trade today as speculators booked profits driven by sluggish demand in the spot market.

Adequate stocks availability in the physical market on increased arrivals from the producing belts also put pressure on the Cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 14.80, or 2.16 per cent, to Rs 670 per kg in business turnover of 88 lots.

Similarly, the spice for delivery in August traded lower by Rs 2, or 0.27 per cent, to Rs 752.20 per kg in 394 lots.

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MCX Commodity Tips ~ Commodity Market Updates Today 26 March 2012

Today all products in MCX commodity market are trading at positive price. MCX Gold and Silver are trading at positive price. Gold is trading above Rs. 28,100 and Silver is trading in the range of Rs. 57,100-57,400 in today's trading session. All base metals are trading at higher price today. MCX Copper is trading above Rs. 435. It may touch the levels of Rs. 440 in upcoming trading session. MCX crude oil and naturalgas are also trading at higher levels. Crude oil is trading above Rs. 5500. It may touch the levels of Rs. 5550 in upcoming trading session. We assume that all may trade same for the day.

MCX Gold Tips, Copper Updates, NCDEX Tips, mcx silver tips, crude updates, mcx commodity tips, ncdex live, copper news and tips, commodities updates, NCDEX agri tips

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MCX NCDEX Tips ~ Intraday Commodity Market Updates Today 29 feb 2012

Today MCX Gold and Silver are trading at higher prices. Gold futures may trade sideways with downside remaining capped. Yesterday Silver touch its highest level Rs. 60,000 in last 2 month. It is trading above Rs. 61,000. We expect that it may touch the levels of Rs. 65,000 in upcoming trading session. All base metals are trading at positive prices today. Copper futures may trade sideways with a positive bias. Support for MCX April copper contract is seen at Rs.422 while resistance is seen at Rs.434. The upside of Crude oil prices may see some pause. Crude oil is trading in the range of Rs. 5200-5300.

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MCX Base Metal Updates For Today: 22nd Feb '12

COMEX Copper (Mar)

Price indication: Prices have support at US$3.78/lb and resistance at US$3.83/lb.

MCX Copper (Feb)

Price indication: Prices have support at Rs407/kg and resistance at Rs418/kg.

Aluminum: CMP: 107.30. Aluminium is higher today by 1.23%. MCX Aluminium: Prices have support at 105 and resistance at 108.

Copper: CMP: 412.20. Copper is higher today by 1.13%. MCX Copper: Prices have support at 407 and resistance at 417.50.
 
Lead: CMP: 102.10. Lead prices are trading higher by 1.49%. MCX Lead: Prices have support at 100.50 and resistance at 103.

Nickel: CMP: 990.70. Nickel prices are higher by 1.07%. MCX Nickel: Prices have support at 978 and resistance at 998.

Zinc: CMP: 99. Zinc prices are higher by 1.69%. MCX Zinc: Prices have support at 98 and resistance at 100.50.

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MCX Intraday Commodity Market Updates for Today 16 Feb 2012

MCX Bullions Updates (Gold and Silver Tips):
Bullion counter can trade with negative bias tracking strong greenback. Gold can trade in range of 28,050-28,400 while silver can trade in range of 55,500-57,000. Gold traded little changed on Thursday.

MCX Base Metals Tips (Copper Updates):
Base metals may remain under selling pressure tracking weak international markets and lack of any solution to Greece. All base metals are trading on a negative note today. MCX Copper is trading in the range of Rs. 410-418. Support for February copper is seen at Rs.404 while resistance is seen at Rs.416.

MCX Energy Tips (Crude Updates):
Crude oil can trade with positive bias in range of 4,980-5,100 in near term. Oil traded near a five-week high in New York after reports that Iran halted shipments to Europe and crude inventories declined for the first time in four weeks in the U.S., the world`s biggest consumer of the commodity.

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Latest Commodity Updates for 16 Feb 2012

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• Gold firms on hopes of greek deal.
• Crude oil at $101, supply worry trumps europe gloom.
• Copper steadies on stronger euro, greece prospects.
• Guarseed and guargum hit 4 pc upper circuit on firm export demand.

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MCX Commodity Tips - Intraday Market Updates for Today 15 Feb 2012

Bullion counter can trade with positive note tracking bounce back in international markets. Gold can trade in range of 28,050-28,400 while silver can trade in range of 55,500-57,000. Base metals may also see some bounce back on the hope of Greece rescue deal this week. Copper may trade in range of 415-424 while nickel may also trade in range of 980-1011. Support for February copper is seen at Rs.414 while resistance is seen at Rs.426. Crude oil can trade with positive bias in range of 4,900-5,050 in near term.

MCX Gold Tips, Copper Updates, NCDEX Tips, mcx silver tips, crude updates, mcx commodity tips, ncdex live, copper news and tips, commodities updates, NCDEX agri tips

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