Crude oil prices notched up handsome gains in the domestic market

Mcx Commodity Tips : Crude oil prices notched up handsome gains in the domestic market on Monday as traders gave thumbs up to the Greek debt deal, easing worries over energy demand in the 19-member Euro area. Greece reached an agreement with its creditors to secure new rescue aid, eliminating any threat of the debt-strapped nation being pushed out of the euro. Prime Minister Alexis Tsipras submitted to creditors’ demands for streamlining value added taxes, broadening the tax base to boost revenue and limiting pension costs, paving way for new European bailout aid worth 86 billion euro, helping the cash-strapped nation to remain a part of the single currency union. However, speculation that an Iran nuclear deal may exasperate a global crude supply glut as the West gradually lifts sanctions on the Islamic nation, kept oil price gains in check. Officials from Iran and the West were said to be nearing a landmark deal on Iran’s disputed nuclear program that may help Iran double its crude shipments. Meanwhile, OPEC, which accounts for about 40 per cent of global crude supplies, cut the demand forecast for its crude by 100,000 barrels per day to 29.2 million barrels per day in 2015 while raising its forecast for non-OPEC supply growth by 180,000 barrels per day to 860,000 barrels per day. The OPEC expects world oil demand to grow 1.28 million barrels per day in 2015, an increase of 100,000 barrels per day from its previous forecast. Oil may trade on a subdued note today amid ongoing talks between Iran and the West and caution ahead of US retail sales data. At the MCX, Crude oil futures, for the July 2015 contract, closed at Rs 3,350 per barrel, up by 0.57 per cent, after opening at Rs 3,316, against the previous close price of Rs 3,331. It touched an intraday high of Rs 3,379.

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Commodity Updates and Tips for 8 July 2015

Commodity Updates : Copper futures slid more than 2 per cent in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal as a worsening stock market rout in China, the world’s biggest metals consumer, cast a gloom on the region’s economy, signaling lower demand for industrial commodities, while the fallout of Greece’s deepening troubles threatened to spread far and wide in other European markets, threatening to slow growth in the entire Euro area. Greece has now being given time until Sunday to come up with a concrete plan to satisfy the country’s creditors and win new bailout aid or face an exit from the single currency union. Copper futures may ink a slight rebound today as a strengthening US economic recovery with job openings surging to record high in May bolster demand outlook. At the MCX, Copper futures for August 2015 contract closed at Rs 348.25 per 1 kg, down by 2.53 per cent after opening at Rs 357.20, against the last ending price of Rs 357.30. It touched the intra-day low of Rs 338.80.

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Copper Tips and Updates for 7 July 2015

Copper Tips : Kicking off the week on a bearish note, Copper futures plunged more than 3 per cent in the domestic market on Monday as investors and speculators exited positions in the industrial metal amidst speculation that the fallout of the Greek contagion may hurt global business and investor sentiment, weakening growth in the world economy, adversely impacting copper demand. Majority of Greeks over the weekend voted against further austerity measures demanded by Greece’s creditors, which have ravaged the country’s cash-strapped economy, paving the way for the Mediterranean nation’s exit from the euro with Greece highly unlikely to secure any further European funding. Moreover, the recent stock market crash in China, the world’s biggest metals consumer, has cast a cloud over the country’s growth outlook, taking further toll on copper prices. China’s stocks regained on Monday after regulators suspended initial public offerings while the country’s brokerages vowed to purchase shares, the central bank promised to provide more liquidity for margin trading and mutual funds pledged to increase investment in their stock funds in measures aimed at restoring confidence in the country’s equities and halting the biggest three-week slide in stocks since 1992. Copper may rebound today as a pickup in US services growth signaled strength in the world’s biggest economy, lifting demand prospects for industrial metals. At the MCX, Copper futures for August 2015 contract closed at Rs 357.30 per 1 kg, down by 3.43 per cent after opening at Rs 368, against the last closing price of Rs 370. It touched the intra-day low-lying of Rs 355.90.

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Mcx Commodity Tips and Updates for 15 June 2015

Copper futures closed with impressive gains in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal as a rebound in Euro area industrial output in April signaled a fastening recovery in the 19-member economy, lifting the demand outlook for copper. Euro area industrial production climbed by 0.1 per cent in April 2015 from the previous month, when it fell 0.4 %. However, uncertainty over the demand outlook in China, the world’s biggest metals consumer, coupled with ballooning stockpiles which have surged 92 per cent in the past year held back gains. On Thursday, copper stockpiles monitored by the London Metal Exchange (LME) soared by the most since March or by 3.1 per cent. Copper may extend an advance today as upbeat US consumer sentiment data signaled a recovery in the American economy, boding well for industrial metal demand.

At the MCX, Copper futures for June 2015 contract closed at Rs 380.70 per 1 kg, up by 0.48 per cent after opening at Rs 378.75, against the last closing price of Rs 378.90. It touched the intra-day high of Rs 380.95 till the closing.

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Mcx Commodity Tips and Updates for 11 June 2015

Mcx commodity tips : Mustard seed prices closed higher by 0.17 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At NCDEX, mustard seed futures for June 2015 contract closed at Rs. 4,191 per quintal, up by 0.17 per cent, after opening at Rs. 4,190 against the previous ending price of Rs. 4,184. It touched the intra-day high of Rs. 4,215.

Maize prices closed higher by 0.72 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At NCDEX, maize futures for June 2015 contract closed at Rs. 1,113 per quintal, up by 0.72 per cent, after opening at Rs. 1,110 against the previous closing price of Rs. 1,105. It touched the intra-day high of Rs. 1,119.

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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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Mcx commodity tips and News for 9 June 2015

Mcx commodity tips : Maize prices ended lower by 2.87 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At the NCDEX, maize futures for June 2015 contract closed at Rs. 1,116 per quintal, down by 2.87 per cent, after opening at Rs. 1,140 against the previous closing price of Rs. 1,149. It touched the intra-day low of Rs. 1,116.

Mustard Seed prices closed lower by 2.55 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for June 2015 contract closed at Rs. 4,081 per quintal, down by 2.55 per cent, after opening at Rs. 4,188 against the previous closing price of Rs. 4,188. It touched the intra-day low of Rs. 4,047.

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शेयर बाजार की गिरावट पर लगा ब्रेक, सेंसेक्स 50 अंक चढ़ा

सेंसेक्स और निफ्टी में दो दिन से जारी गिरावट पर ब्रेक लग गया है। आज के कारोबार में मिडकैप और स्मॉलकैप शेयरों में खरीददारी का माहौल बना हुआ है। हालांकि बैंक, ऑटो और रियल्टी इंडेक्स दो फीसदी तक टूट गए है। बैंक निफ्टी 0.50 फीसदी गिरकर 17,635 के स्तर पर है। जबकि मीडिया इंडेक्स आधा फीसदी बढ़कर 2,082 पर है।

बाजार में कारोबार के इस दौरान गेल, एक्सिस बैंक, इंफोसिस, डॉ रेड्डीज, जी एंटरटेनमेंट, सिप्ला और वेदांता जैसे दिग्गज शेयरों में 1.5-1.1 फीसदी की मजबूती आई है। हालांकि टाटा मोटर्स, एनएमडीसी, आईसीआईसीआई बैंक, एचसीएल टेक, हीरो मोटो, सन फार्मा और एचयूएल जैसे दिग्गज शेयरों में 1.8-0.5 फीसदी की गिरावट दर्ज की गई है।

इन शेयरों में खबरों के चलते तेज हलचल

एक्सिस बैंक: आरबीआई ने एफआईआई निवेश की बैन लिस्ट से बाहर किया। साथ ही बैंक ने डिपॉजिट रेट 0.10-0.20% तक घटाया, नई दरें 9 जून से लागू होंगी।

वेदांता लिमिटेड: सब्सिडियरी केर्न इंडिया में 4.98 हिस्सेदारी 31.5 करोड़ डॉलर में खरीदी है।

इंफोसिस: कंपनी के सीईओ ने एनालिस्ट में कहा कि इस साल आय में 10-12 फीसदी की ग्रोथ रहने की उम्मीद है। साथ ही हाल में कंपनी 5 करोड़ डॉलर की 6 बड़ी डील मिली है।

रिलायंस कैपिटल: गुजरात इंटरनेशनल फाइनेंस टेक (गिफ्ट) सिटी ने बुधवार को रिलायंस कैपिटल लिमिटेड को स्‍पेशल इकोनॉमिक जोन के इंटरनेशनल फाइनेंस सर्विस सेंटर में 5 लाख वर्ग फुट जमीन का आवंटन किया है। गिफ्ट सिटी में ऑफि‍स स्‍पेस और रेसीडेंसियल प्रोजेक्‍ट के निर्माण पर रिलायंस कैपिटल अगले तीन सालों के दौरान 200 करोड़ रुपए का निवेश करेगी। इसके लिए रिलायंस कैपिटल ने बुधवार को एक समझौता पत्र पर हस्‍ताक्षर भी किए हैं।

जेपी एसोसिएट्स, जेपी इंफ्रा, जेपी पावर: जेपी ग्रुप ने बुधवार को कहा कि उसने 22,000 करोड़ रुपए मूल्‍य की संपत्तियों की बिक्री प्रक्रिया शुरू कर दी है। यह प्रक्रिया इस साल सितंबर तक पूरी हो जाएगी। इस खबर के बाद फ्लैगशिप कंपनी जयप्रकाश एसोसिएट्स के शेयर 20 फीसदी तक टूट गए थे। कंपनी ने बयान जारी कर कहा है कि जेपी ग्रुप ने 22,000 करोड़ रुपए से अधिक मूल्‍य की संपत्तियों को बेचने की प्रक्रिया शुरू कर दी है और यह प्रक्रिया सितंबर 2015 तक पूरी कर ली जाएगी।कंपनी ने आरोप लगाया है कि कुछ लोग गलत खबरों के जरिये ग्रुप की विश्‍वसनीयता को ठेस पहुंचा रहे हैं, ऐसी खबरें आ रही हैं कि कंपनी लोन डिफॉल्‍टर हो गई है। कंपनी ने कहा है कि वह इन सभी खबरों का खंडन करती है और अपने सभी शेयरधारकों से बिना डरे इन पर विश्‍वास न करने का आग्रह करती है।

जेके टायर: जेके टायर एंड इंडस्‍ट्रीज ने बुधवार को इंडिया ऑपरेशन के लिए विवेक कामरा को प्रेसीडेंट नियुक्‍त करने की घोषणा की है। कामरा की यह नियुक्ति अरुण के बाजोरिया के स्‍थान पर की गई है। बाजोरिया को इंटरनेशनल ऑपरेशन का डायरेक्‍टर और प्रेसीडेंट बनाया गया है।

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Mcx Commodity Tips and News for 6 June 2015

Mcx Commodity Tips : Chana prices closed lower by 1.3 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At NCDEX, chana futures for June 2015 contract closed at Rs. 4,712 per quintal, down by 1.3 per cent, after opening at Rs. 4,755 against the previous closing price of Rs. 4,712. It touched the intra-day low of Rs. 4,644.

Jeera prices closed lower by 0.89 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for June 2015 contract closed at Rs. 17,790 per quintal, down by 0.89 per cent, after opening at Rs. 18,100 against the previous closing price of Rs. 17,950. It touched the intra-day low of Rs. 17,540.

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Agro Outlook Updates and News for 28/ May 2015

Mcx commodity tips : Chana prices closed higher 1.12 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At NCDEX, chana futures for June 2015 contract closed at Rs. 4,675 / quintal, up by 1.12 per cent, after opening at Rs. 4,630 against the previous closing price of Rs. 4,623. It touched the intra-day high of Rs. 4,675. 

Jeera prices closed lower by 0.06 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for July 2015 contract closed at Rs. 17,900 per quintal, down by 0.06 per cent, after opening at Rs. 17,860 against the previous closing price of Rs. 17,910. It touched the intra-day low of Rs. 17,855.

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ENERGY UPDATES AND BASE METALS FOR 27 MAY 2015

Mcx commodity tips: Natural Gas futures closed lower in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity amid fading forecasts for a heat wave in the US East Coast, dimming the outlook for a pickup in the demand for the fuel which is used for firing-up power plants as cooling demand at offices and homes arises.

At the MCX, Natural Gas futures for May 2015 contract closed at Rs 179 per 1 kg, down by 0.33 per cent after opening at Rs 180, against the previous closing price of Rs 179.60. It touched the intra-day low of Rs 177.80 till the closing.

Zinc futures surged in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Home prices in the US rose at a quicker than expected pace in the year to March 2015 while sales of new homes climbed more than expected in April, signaling a pickup in the housing market of the world’s biggest economy, lifting the demand outlook for industrial metals. US home prices climbed 5 per cent in the 12 months to March 2015, topping the 4.8 per cent gain estimated by analysts. Moreover, sales of new homes climbed 6.8 % to a 517,000 annualized pace in April 2015.

At the MCX, Zinc futures for May 2015 contract closed at Rs 139.45 per 1 kg, up by 1.12 per cent after opening at Rs 138.35, against the last ending price of Rs 137.90. It touched the intra-day maximum of Rs 140.10 till the closing.

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Base Metals & Energy Updates For 18 May 2015

ZINC

Zinc futures tumbled in the domestic market on Thursday, shedding more than 2.4 per cent, as investors and speculators sold off positions in the industrial metal amid tepid physical demand for zinc in the domestic spot market. Moreover, fears that a deepening economic slowdown in China, the world’s biggest consumer of the base metal, may curb zinc demand also spooked investors. New yuan loans issued by Chinese banks and financial institutions stood at 707.9 billion yuan in April, trailing analysts’ estimates of 903 billion yuan, underscoring weakness in the world’s second biggest economy. Other April indicators were also poor as manufacturing shrank at the fastest pace in a year in April while exports and import tumbled, and growth in industrial output, fixed-asset investment, and retail sales numbers missed analysts’ estimates. At the MCX, Zinc futures for May 2015 contract closed at Rs 146.55 per 1 kg, down by 2.43 per cent after opening at Rs 149.85, against the previous closing price of Rs 150.20. It touched the intra-day low of Rs 146.30 till the closing.

NATURAL GAS

Natural Gas futures extended an advance in the domestic market on Friday as investors and speculators weighed a below than expected US stockpile-build last week, signaling a pickup in demand for the fuel which is used to fire up power plants as cooling demand rises during peak summer months. US gas stockpiles climbed by 111 billion cubic feet to 1.897 trillion cubic feet in the week ended May 8, 2015, compared to an estimated rise of 116 billion cubic feet by analysts. Further, forecasts for warmer than average weather in the US in the coming days also bolstered the demand outlook for the weather-sensitive fuel. At the MCX, Natural Gas futures for May 2015 contract is trading at Rs 191.10 per 1 kg, up by 0.26 per cent after opening at Rs 191.20, against the previous closing price of Rs 190.60. It touched the intra-day high of Rs 191.50. (At 13:01 PM).

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DAILY COMMODITY REPORT FOR 27 JAN 2015

Precious Metals

D A I L Y B U Z Z

GOLD

Gold futures fell by 0.26 per cent on Friday at the domestic markets as a stronger dollar reduced the appeal of the bullion as an alternative asset. Stronger dollar makes the precious metal expensive for those holding other currencies, thus reducing demand. At the MCX, Gold futures for February 2015 contract was trading at Rs 27,964 per 10 gram, down by 0.26 per cent after opening at Rs 28,010, against the previous closing price of Rs 28,036. It touched the intra- day low of Rs 27,947 till the trading. MCX Gold February contract was trading at Rs 27991 down Rs 45, or 0.16 percent. The GOLD rate touched an intraday high of Rs 28054 and an intraday low of Rs 27931. So far 5556 contracts have been traded. Gold prices have moved down Rs 248, or 0.88 percent in the February series so far.

Base Metals

D A I L Y B U Z Z

COPPER

Copper prices fell by 1.07 per cent on Friday at the domestic markets after the HSBC China flash January PMI showed the manufacturing sector still in contraction though there was a slight trend improvement over last month's final. The HSBC January initial estimate came in at 49.8, compared to December's final of 49.6, but the January flash output index ticked up to 50.1 from 49.9 in December, placing it just in expansion territory above 50. At the MCX, copper futures for February 2015 contract were trading at Rs.347.20 per 1 kg, down by 1.07 per cent, after opening at Rs. 349.50 against the previous closing price of Rs. 350.95. It touched the intra-day low of Rs. 346.40 till the trading. (At 11.45 AM).

Agro Outlook

D A I L Y B U Z Z

DHANIYA

Coriander prices rose by 4.16 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for April 2015 contract was trading at Rs. 8,035 per quintal, up by 4.16 per cent after opening at Rs. 7,908 against the previous closing price of Rs. 7,714. It touched the intra-day high of Rs. 8,176 till the trading. (At 11.30 AM today).

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DAILY COMMODITY MCX REPORT FOR 29 OCT 2014

Precious Metals

D A I L Y B U Z Z

GOLD

Gold futures fell in the domestic market on Tuesday as investors and speculators were cautious over booking fresh positions in the precious metal ahead of the two-day policy meet of the US Federal Reserve starting Tuesday in which the central bank may end its USD 15 billion monthly bond buying program, dimming the appeal of gold, a hedge against the inflationary risk of monetary stimulus. However, the losses in the yellow metal were trimmed by hopes of a pickup in physical demand for gold in India and China this quarter amid the festive and wedding season. Gold futures for December 2014 contract, at MCX, is trading at Rs. 27,180 per 10 grams, down by 0.12 per cent, after opening at Rs. 27,185, against the previous closing price of Rs 27,214. It touched an intra-day low of Rs 27,150. (At 11:20 AM).

Base Metals & Energy

D A I L Y B U Z Z

CRUDE OIL

Crude oil futures fell in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market ahead of data which may show that US crude oil supplies rose to a four-month high last week, signaling weaker demand for the fuel in the world’s biggest oil consumer. US crude oil stockpiles may have risen 3.8 million barrels to 381.5 million barrels last week, the EIA may say tomorrow, analysts’ estimated. Meanwhile, speculation is rife that the OPEC is not likely to slash output at a meet next month. At the MCX, Crude Oil futures, for the November 2014 contract, is trading at Rs 4,969 per barrel, down by 0.20 per cent, after opening at Rs 4,975, against a previous close of Rs 4,979. It touched an intra-day low of Rs 4,956. (At 11:17 AM).

COPPER

Copper futures rose in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal as a strike loomed in Indonesia’s leading mine, raising supply concerns. Freeport-McMoRan Inc.’s labour union issued a notice that workers plan a 30-day strike from November 6 at the Grasberg mine in Indonesia, the world’s third biggest mine amid safety concerns. A rebound in China’s industrial profits last month signaled an improving demand outlook for the base metal. At the MCX, copper futures for November 2014 contract is trading at Rs. 418.25 per 1 kg, up by 0.36 per cent, after opening at Rs. 417.95, against the previous closing price of Rs. 416.75. It touched an intra-day high of Rs. 418.35. (At 11:27 AM).

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DAILY CRUDE OIL & ZINC REPORT FOR 01 JULY 2014

Base Metals & Energy

D A I L Y B U Z Z

CRUDE OIL 
Crude oil futures were trading lower in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market amid speculation that the infighting in Iraq may not crimp supplies from the OPEC’s second biggest crude producer as the oil-rich southern part remains safe from violence. The first rise in US crude oil stockpiles since May last week signaled weakening demand for the fuel in the world’s biggest crude consumer. At the MCX, Crude Oil futures, for the July 2014 contract, is trading at Rs 6,355 per barrel, down by 0.14 per cent, after opening at Rs 6,355, against a previous close of Rs 6,364. It touched an intra-day low of Rs 6,351.

ZINC 
Zinc futures ended lower in the domestic market on Friday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Economic confidence in the Euro area fell in June, signaling a faltering recovery in the 18-member economy, clouding the demand outlook for industrial metals. The gauge measuring Euro area economic confidence fell to 102 this month from 102.6 in May, EU said. At the MCX, Zinc futures for June 2014 contract closed at Rs. 131.40 per 1 kg, down by 0.08 per cent, after opening at Rs. 131.35, against the previous closing price of Rs. 131.50. It touched an intra-day low of Rs 130.75.

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DAILY MCX COMMODITY UPDATE FOR 14 JAN 2014

Precious Metals

Silver  Gold

                                                    D A I L Y B U Z Z

Snapping its three-day rising streak, gold prices today fell by Rs 15 to Rs 30,200 per ten grams

in the national capital on lower demand at existing higher levels.

However, silver managed to close steady at Rs 44,800 per kg on scattered buying support.

In Mumbai, gold of 99.9 and 99.5 per cent purity traded at Rs 30,025 and Rs 29,875 per ten grams, respectively; while silver enquired at Rs 45,500 per kg.

Traders said slackness in demand from retailers and jewellers at current levels mainly led to decline in gold prices.

On the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 15 each to Rs 30,200 and Rs 30,000 per ten gram, respectively. It had gained Rs 215 in the last three sessions. Sovereign held steady at Rs 25,100 per piece of eight gram.

Silver ready too held steady at Rs 44,800 per kg, while weekly-based delivery by Rs 35 to Rs 44,765 per kg. Silver coins continued to trade 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

Zinc and nickel prices rose at the non-ferrous metal market due to stockist buying amidst sustained demand from alloy industries on the back of bullish London Metal Exchange (LME) cues.

Tin dropped on stockist selling on the back of subdued offtake from industrial users. 

The industrial metal was trading higher at the LME, while nickel jumped more than 2 percent, adding to strong gains last week as a ban on unprocessed nickel laterite ore exports from top producer Indonesia came into effect, fanning a technical rally across other metals. 

Nickel climbed by Rs 5 per kg to Rs 1,000 from last Saturday's closing level of Rs 995. 

Zinc moved-up by Rs 4 per kg to Rs 172 from Rs 168. Copper sheet cutting inched-up by a Re per kg to Rs 483. Tin declined by Rs 7 per kg to Rs 1,533 as against Rs 1,540 previously. 

Copper scrap heavy, brass utensils scrap, brass sheet cutting, aluminium ingots and lead all softened by 

a Re per kg each to Rs 502, Rs 35 .

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RESEARCH VIA PRECIOUS, BASE METALS & ENERGY UPDATE FOR 27 DEC 2013

PRECIOUS  METALS
GOLD  SILVER 
                                                        D A I L Y B U Z Z

Gold rose marginally by 0.18 per cent to Rs 28,504 per 10 gm in futures trade today as participants enlarged positions mostly supported by a firming trend overseas after the recent fall.

Besides, pick up in demand in spot markets, also supported the upside.

At the Multi Commodity Exchange, metal for delivery in February gained Rs 50, or 0.18 per cent, to trade higher at Rs 28,504 per 10 gm in a turnover of 316 lots. Similarly, the metal for delivery in April moved up by Rs 46, or 0.17 per cent, to Rs 27,892 per 10 gm, clocking a business volume of five lots.

Silver rose by 0.15 per cent to Rs 44,056 per kg in futures market today largely in tune with a firming trend in the global markets.

At the Multi Commodity Exchange, silver for delivery in March moved up by Rs 64, or 0.15 per cent, to Rs 44,056 per kg in business turnover of 330 lots.

Similarly, the metal for delivery in May gained Rs 61, or 0.14 per cent, to Rs 45,000 per kg in a single lot.

BASE METALS & ENERGY
COPPER  CRUDE OIL
                                                         D A I L Y B U Z Z

Copper prices declined by Rs 2 per kg at the local non-ferrous base metals market today on subdued
demand at prevailing higher levels amid a weak global trend.

Other metals, however, remained flat in thin trade. Traders said subdued demand and a weak global
trend mainly led to decline in copper prices.

Meanwhile, copper for delivery in March retreated 0.3 per cent to close at 52,210 yuan ($8,599) a tonne on the Shanghai Exchange. The London Metal Exchange was closed for Christmas holiday.

In the national capital, copper mixed scrap declined by Rs 2 to Rs 429 per kg.

Crude oil futures prices rose by 0.42 per cent to Rs 6,186 per barrel today as speculators created fresh
positions, tracking a firming trend in Asia on supply concerns.

At the Multi Commodity Exchange, crude oil for delivery in January traded Rs 26, or 0.42 per cent,
higher at Rs 6,186 per barrel, with a business turnover of 1,479 lots.

The oil for delivery in February also moved up by Rs 25, or 0.40 per cent, to Rs 6,230 per barrel, with a business volume of 75 lots.

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Mcx commodity tips: Castorseed prices rose by 0.43 % 22 May 2015

Mcx commodity tips: Castorseed prices rose by 0.43 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for June 2015 contract were trading at Rs. 3,926 per quintal tonnes, up by 0.43 per cent, after opening at Rs. 3,919 against the previous closing price of Rs. 3,909. It touched the intra-day high of Rs. 3,939 till the trading.

Guar seed futures ended marginally down while guar gum settled up a tad on National Commodity and Derivatives Exchange (NCDEX) Saturday. Guar seed February contract shed Rs nine at Rs 2,826 a quintal and traded in the range of Rs 2,850 and Rs 2,815 a quintal. Volume for the contract was 29,080 tons while the open interest was 23,830 lots. Guar gum February contract ended at Rs 8,082 a quintal, up Rs six and fluctuated in the range of Rs 8,148- 7,991 a quintal. Volumes of the contract stood at 2,605 tons with open interest of 4,115 tons. On February 11th, demat stock of guar seed at NCDEX-monitored warehouses was 93,401 tons with 1,433 tons in processing while demat stock of guar gum was 20,769 tons with 1,448 tons in processing.

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Mcx commodity tips: Zinc futures were trading higher 22 May 2015

Mcx commodity tips: Zinc futures were trading higher in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Further, a leading index for China signaled a pickup in growth in the world’s second biggest economy, lifting the demand outlook for zinc. The China leading index climbed 1.1 per cent in April from March, when it rose 0.5 per cent. At the MCX, Zinc futures for May 2015 contract is trading at Rs 139.85 per 1 kg, up by 0.11 per cent after opening at Rs 140.10, against the previous closing price of Rs 139.70. It touched the intra-day high of Rs 140.65.

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Domestic oil seed and edible oil close mix

Mcx commodity tips: Natural Gas traders exited positions in the energy commodity with prices of the weather-sensitive fuel ending lower by about 1 per cent in the domestic market on Tuesday amid concerns that an above normal supply build may erase a deficit to the five-year average. Analysts expect a 99 billion cubic feet uptick in US gas stockpiles last week, compared to a five-year average of 89 billion cubic feet. The EIA’s storage report is due on Thursday. However, weather forecasts remain supportive with above-normal temperatures across the eastern half of the US likely to bolster cooling demand for the fuel.

At the MCX, Natural Gas futures for May 2015 contract closed at Rs 189.7 per 1 kg, down by 0.99 per cent after opening at Rs 191.90, against the previous closing price of Rs 191.60. It touched the intra-day low of Rs 187.8 till the closing.

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