Base Metals & Energy Updates For 25 May 2015

Mcx commodity tips: Copper prices plunged in the domestic market on Friday as a stronger dollar took the sheen off the industrial metal by curbing demand for copper as an alternative asset. Stronger greenback makes copper more expensive for those holding other currencies, thus hitting demand. Further, a drop in German business confidence in the month of May 2015 signaled a faltering recovery in Europe’s biggest economy, darkening the demand outlook for industrial metals. The gauge measuring German business sentiment fell for the first time in seven months, dropping to 108.5 in May from 108.6 in April, the Ifo Institute reported. Copper may extend a drop today as investors fret over a 2015 US interest rate hike after Fed Chair Janet Yellen termed a 2015 rate hike as “appropriate”. At the MCX, Copper futures for June 2015 contract closed at Rs 396.50 per 10 gram, down by 1.58 per cent after opening at Rs 402.60, against the last closing price of Rs 402.85. It touched the intra-day low of Rs 394.65 till the ending.

Zinc futures plunged more than 1 per cent 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. Investors cast aside data which showed a pickup in growth in the world’s second biggest economy, boding well for the demand outlook for zinc. The China leading index climbed 1.1 % in April from March, when it rose 0.5% the Conference Board said. However, the report warned that “despite April’s gain in the Leading Economic Index for China, its 6-month increase rate continues to slow. At the MCX, Zinc futures for May 2015 contract closed at Rs 138 per 1 kg, down by 1.22 per cent after opening at Rs 140.10, against the last closing price of Rs 139.70. It touched the intra-day low-lying of Rs 137.30 till the ending.

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

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

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

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

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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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RESEARCH VIA DAILY COMMODITY REPORT FOR 10/ SEP/ 2013

Precious Metals

SILVER GOLD

                                                         D A I L Y B U Z Z

Silver prices fell 1.07 per cent to Rs 54,108 per kg in futures market today as speculators trimmed their positions, tracking a weak global trend.

At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 587, or 1.07 per cent to Rs 54,108 per kg in business turnover of 3349 lots.

Similarly, the silver for delivery in March lost Rs 495, or 0.89 per cent to Rs 55,400 per kg in 18 lots.

Market analysts attributed the fall in silver futures to speculators trimming their positions in tandem with a weak global trend.

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 1.23 per cent to Rs 486.55 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in far-month February fell Rs 6.05, or 1.23 per cent, to Rs 486.55 per kg in a business turnover of 241 lots.

Similarly, the metal for delivery in November traded lower by Rs 5.70, or 1.18 per cent to Rs 478 per kg in 2,766 lots.

Lead prices fell by 1.24 per cent to Rs 1 39.90 per kg in futures trade today as speculators trimmed exposure on subdued spot demand amid a weak trend in the base metals in global markets.

At the Multi Commodity Exchange, lead for delivery in September fell by Rs 1.75, or 1.24 per cent, to Rs 139.90 per kg in business turnover of 1,155 lots.

The metal for delivery in October also fell by Rs 1.75, or 1.23 per cent, to Rs 140.65 per kg in a turnover of 71 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 contractspurted 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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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 Market Update For 30/may/2013

Gold News

Gold rebounded smartly at the domestic market today on emergence of fresh demand from stockiest and traders as well as good retail buying.

Silver also gained owing to renewed industrial demand. Brisk low-level buying, ongoing wedding season off take and sliding rupee valuations too supported the price trend in the yellow metal. Rupee today hit nearly 10-month low of 56.17 against the greenback. 

Standard gold of 99.5 per cent purity rose by Rs 240 to conclude at Rs 26,630 per 10 gm from Tuesday's closing level of Rs 26,390. 

Pure gold of 99.9 per cent purity shot up by Rs 245 to end at Rs 26,775 per 10 gm from Rs 26,530. 

Silver ready (.999 fineness) firmed up by Rs 230 to conclude at Rs 44,660 per kg as against Rs 44,430 yesterday. 

In overseas trade, the yellow metal traded higher on strong Asian demand despite improving US macroeconomic data amid stimulus uncertainty in the world's largest economy. 

Spot gold rose to USD 1,391 an ounce in European trade, while spot silver was up at USD 22.38 an ounce.

Base metals News

Led by nickel, select copper, brass and aluminum utensils prices recovered at the non-ferrous metal market here today on stockiest buying amidst better demand from industrial users. 

Meanwhile, tin declined on subdued demand from alloy industries. 

In the global, the London Metal Exchange (LME) market was closed for a holiday. 

Nickel shot-up by Rs 10 per kg to Rs 990 from last Saturday's closing level of Rs 980. 

Copper sheet cutting and aluminum utensils scrap climbed by Rs 3 per kg each to Rs 459 and Rs 117 from Rs 456 and Rs 114. 

Brass sheet cutting moved up by Rs 2 per kg to Rs 333 from Rs 331. 

Copper cable scrap, copper armiture, copper wire bar and brass utensils scrap all inched up by a rupee per kg to Rs 482, Rs 463, Rs 510 and Rs 323, respectively.

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MCX Commodity Market Updates & Tips Today 26 March 2013

Precious metals prices are trading a tad lower on MCX today. We do not expect any major fall in prices of bullions on account of accommodative monetary policy by the Fed and higher reserves by Russia. Buying at dips is recommended for the day.

Industrial/Base metals prices are trading lower on international bourses today. In the evening session we have the new home sales data to be released by the US. Any negative data reported is likely to further weigh on the prices of metals. Selling on rise is recommended for the day.

Crude oil prices are trading higher on international bourses today. We expect oil prices to give up its gains on account of higher inventory expectations at major US ports. Selling on rise is expected for the day.

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NCDEX ~ Agri Commodity Market Updates Today 30 March 2012

Pepper futures are expected to trade lower on weak export demand. Pepper April futures prices are expected to extend the volatile movement on back of prevailing uncertainty about the trend. Turmeric futures may extend its weak trend as arrivals may rise in major spot markets in the upcoming days. Cardamom futures prices are expected to trade slightly lower initially during the day. Outlook for Jeera is down for the day. Jeera April futures prices are expected to trade slightly positive on extended recovery during early trading hours. Guar Complex is expected to trade lower for the day.

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Mcx commodity tips: Bullion traders were in upbeat mood in the market

Mcx commodity tips: Bullion traders were in upbeat mood in the domestic market on Friday as Gold futures rose ahead of the Fed Chair Janet Yellen’s speech later on Friday who may offer further cues over the timing of a US rate hike.

Majority of Thursday’s US economic releases signaled underlying weakness in the world’s biggest economy, bolstering the case for the Fed to delay a maiden rate lift-off since 2006, boosting the appeal of the bullion as a store of value.

Jobless claims in the US climbed last week, while sales of previously owned homes fell 3.3 per cent to a 5.04 million annualized pace in April, and the gauge measuring manufacturing declined to a 16-month low of 53.8 in May from 54.1 in April, with a reading above 50 signaling expansion.

At the MCX, Gold futures for June 2015 contract is trading at Rs 27,194 per 10 gram, up by 0.32 per cent after opening at Rs 27,159, against the previous closing price of Rs 27,108. It touched the intra-day high of Rs 27,200.

MCX Crude oil futures are trading in a very sluggish manner today after the steep losses on last Friday. 

The commodity lingered around Rs 3900 per barrel levels for the benchmark February contract, eying a tight movement in the world prices. 

The global prices edged higher towards $86 per barrel, bouncing off its two week lows as the Asian stocks were off to an impressive start to a new week today as the resignation of Egyptian President Hosni Mubarak spilled over its positive influence on the global markets and the appetite for risk improved.

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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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