Commodity News: Aluminium futures in reverse gear today

 Aluminium futures were trading further down during the morning trade in the domestic market on Monday as participants remained on the sidelines amidst decrease in physical demand for aluminium in the domestic spot market.

Moreover, a slide in demand for grey metal at the domestic spot market was led by cutting down of positions by participants in the spot markets, influenced aluminium rates at futures trade.

At the MCX, aluminium futures for September 2016 contract is trading at Rs 104.80 per kg, downward by 0.33 %, after opening at Rs 104.90, against a last close of Rs 105.15. It touched the intra-day low of Rs 104.55.

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Today's Share market overview 31 Dec, 2015

India beats China through GDP growth in 2015; may grow 7-7.5% in 2016.

Expect revenue growth of atleast 10-15% in CY16: ITD Cementation.

NSE to include Jet Airways, 3 others in F&O segment on 1st jan.

Cadila Healthcare hits 52-week low, down 15% on USFDA warning for 2 units.

Full benefits of digitisation to show in FY17 earnings: Hathway.

Foodgrain outcome dips in 2015; Revival unlikely in New Year.

It's been a wild ride: Investing in China in 2015.

Energy, iron ore, precious metals suffered losses in 2015 year.

Videocon Industries redeems $194.40 mn FCCBs.

Hold 29.38% in Tide Water Oil post open offer.

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India's pharma industry may reach USD 55 billion by 2020

Pharmaceutical industry : Country's pharma sector is about to grow over 3-fold to strike USD 55 billion in the up coming 5 years, even as the exports from the sector might slow down to grow at a CAGR of 7.98 per-cent owing to stricter regulations in market such as the Russia, US and Africa.

Indian pharmaceutical industry is estimated to reach 55 billion USD by 2020 as as compared to the current size of 18 billion USD but the exports may slow down to grow at a CAGR of 7.98 per-cent in value terms due to tightening of regulatory mechanism in top exports markets of US, Russia & Africa, reports said.

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Commoditiy is an issue but Equities will rise in 2016

Economy of India has gone ino a new era of low commodity prices and inflation. The breakdown on corruption means crony capitalists can no longer swing deals for their advantage

The prices of commodity collapse threw markets off gear in the year 2015. Will the story be repeat in 2016? Experts at the ET Roundtable believe it can repeat again and are cautious regarding the 1st few months.

But once commodity prices stabilise, earnings could recover & fund flows may resume. Year 2016 may end with a 10-15 per-cent increase for the Sensex, while corporate earnings could grow by 13-14 per-cent.

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Commodity tips : Crude prices rising in early trade

Today, Prices of United States crude continued increasing in early trading session, headed for an 11 per-cent rise in the week leading up to Christmas, as the US market tightened on the back of falling supplies & looming exports.

The strengthening market is a result of falling stocks, decreased drilling activity, & looming exports following the lifting of a 40-year old ban of US crude exports.

Oil speculators, observers are buying options contracts that will only pay out if crude drops to as low as $15 a barrel up coming year, the latest sign investors hopes an even deeper slump in prices of energy.

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New Delhi : High Court refused to stay odd-even formula for vehicles

High Court refused to stay odd-even formula for vehicles A bench of Chief  Justice Jayant Nath  & Justice G Rohini denied the request made by one of the 5 petitioners that the court should at least grant stay on the implementation of the government's idea till Jan 6, which has been fixed as the next date of hearing on the PILs.

"Sorry. We do not know whether it (the odd-even formula) will be imposed or not. The Delhi govt has not yet come out with any scheme on this issue," the bench told, also said, "As of today we cannot grant such relax."

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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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Commodity Updates : Mustard Seed prices closed lower by 1.35 %

Commodity Updates : Mustard Seed prices closed lower by 1.35 per cent on Friday 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 July 2015 contract closed at Rs. 4,174 per quintal, down by 1.35 per cent, after opening at Rs. 4,237 against the previous closing price of Rs. 4,231. It touched the intra-day low of Rs. 4,151.

Barley prices closed lower by 0.82 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the demand from beer and cattle-feed makers. At the NCDEX, barley futures for July 2015 contract closed at Rs. 1,208.5 per quintal, down by 0.82 per cent, after opening at Rs. 1,217 against the previous closing price of Rs. 1,218.5. It touched the intra-day low of Rs. 1,206.

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Commodity Base Metals & Energy Update For 25 JUNE 2014

Base Metals & Energy

D A I L Y B U Z Z 

LEAD 

Lead weakened by 0.35 per cent to Rs 129.05 per kg in futures trade today largely in tandem with a weak trend overseas and subdued demand from battery-maker in the domestic spot market. 

At the Multi Commodity exchange, lead for delivery in June weakened by 45 paise, or 0.35 per cent, to Rs 129.05 per kg in business turnover of 377 lots. 

Similarly, the metal for delivery in July contract traded lower by similar margin to Rs 130.20 per kg in 33 lots. 

CRUDE OIL 

Crude oil futures prices today fell by 0.41 per cent to Rs 6,379 per barrel, as speculators trimmed positions amidst a weak trend in the Asian trade. 

The trading sentiment turned weak in futures trade following fall in global crude oil prices on fading of fears about supply disruption in the wake of Iraq crisis, analysts said. 

At the Multi Commodity Exchange, crude oil for delivery in July shed Rs 26, or 0.41 per cent, to Rs 6,379 per barrel in 1,785 lots. The oil for August delivery moved down by a similar margin to trade at Rs 6,370 per barrel in a volume of 83 lots.

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MCX Bullion, Crude Updates Today

MCX Gold Updates

Gold futures prices touched a record level. Gold close to Rs 30,300 after arriving is currently trading above the 0.75 per cent. Gold price in international market is up by about $ 15. The international gold market is down 20 per cent to record levels. MCX Gold suggest that prices are trading in the range of 29900 and 30200. MACD is in a buy mode. We expect prices to go up to levels of 30200.

MCX Silver Tips

After a day of sluggish trading price of silver has exceeded the level of Rs 55000. Silver has gone up nearly 2 per cent. Silver in the international market is trading above $29. MCX Silver suggest that prices have breached the crucial resistance of 54700. RSI is in a buy mode. We expect prices to go up to levels of 55100.

Crude Updates

Oil rose for a third day in New York after economic reports bolstered speculation fuel demand will increase and crude stockpiles dropped in the U.S., the world’s biggest consumer of the commodity. With 1 per cent on MCX crude oil is trading at Rs 4735. MCX 0.5-2 per cent in the base metals have gone up. Nickel has the highest 2 per cent. With 1.3 per cent while copper is trading at Rs 411.20.

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MCX Commodity Tips - NCDEX Agri Commodity Market Data

Precious metals are trading lower on MCX commodity market today. We expect prices to trade lower for the day on account of a firmer dollar and also growing worries about the euro zone debt crisis. All base metals are trading lower on International bourses today. We expect prices to trade lower for the day. Crude oil is trading flat on MCX today. We expect prices to trade lower for the day. Gold can trade in range of 27,600-27,900 in near term. Copper may also trade in thin range of 398-405. Natural gas prices can again test 160 in near term.

Outlook for Soybean is seen up for the day. CPO is expected to trade higher. Guar Complex is expected to trade higher for the day. Outlook for Chana is up for the day. Outlook for Jeera is sideways to up for the day. Pepper futures to trade higher for the day. 

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MCX Commodity Tips - Copper Updates, Crude Updates, NCDEX Tips

Today Gold, Silver, Copper and other base metals are trading at negative prices, only Crude Oil is trading at positive price. Gold is trading in the range of Rs. 27,600-27,800 and Silver is trading in the range of Rs. 52,700-53,000 in today's trading session. Today MCX Copper is trading in the range of Rs. 402-408 and Crude Oil is trading above Rs. 5300. All base metals are trading at lower prices today. We expect that all are trading at lower levels in today's trading session.

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Commodity updates: Copper futures were trading in the red 22 May 2015

Commodity updates: Copper futures were trading in the red in the domestic market on Friday as investors and speculators stayed cautious over booking fresh positions in the industrial metal after a plunge in the sales of previously owned homes in the US signaled a cooling housing market recovery in the world’s biggest economy, clouding the demand outlook for copper.

Sales of existing US homes fell 3.3 per cent to a 5.04 million annualized pace in April from the previous month, data showed on Thursday.

At the MCX, Copper futures for June 2015 contract is trading at Rs 402.50 per 1 kg, down by 0.09 per cent after opening at Rs 402.60, against the previous closing price of Rs 402.85. It touched the intra-day low of Rs 402.20

Mentha oil futures erased last session’s bears and traded in strong mode during the early hours of trading on Multi Commodity Exchange [MCX] Monday on technical correction. 

Benchmark February contract in futures gained Rs 23.40 at Rs 1,090 a kg, budging in the range of Rs 1,094.40-1,075 a kg at 10:31 am IST. Volume of the contract stood at 812 lots so far.

Forward March contract traded Rs 23.60 up, at Rs 1,095 a quintal, and moved in the range of Rs 1,099-1,082. Volume of the contract so far was 233 lots.

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