DAILY COMMODITY REPORT 23ND JANUARY 2013
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HEADLINES
Inflation, not duty, to cut gold imports 10%. The government’s decision to increase the customs duty on gold from 4% to 6% is expected to result in a slight moderation in investment demand, estimated at
TRADING TIP:
Buy Lead Jan Above 125.70 TGTS-126.40/127 SL-125.10
roughly 30% of the imports in FY12 of 891 tonnes, for the precious metal. While some part of the investment demand could have been affected by the previous increase in customs duty to 4% from 2%, the reduction in investment demand for gold could be 70-100 tonnes by the end of FY14, experts say. Copper Drops From One-Week High on Record Production in China. Copper declined from the highest level in more than a week as China’s output of the refined metal climbed to
Buy Crude Oil Feb
a record. Metal for delivery in three months dropped as
Above 5210
London Metal Exchange before trading at $8,106 at
TGTS-5240/5270 SL- 5180
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much as 0.4 percent to $8,099.75 a metric ton on the 9:56 a.m. Shanghai time. It climbed to $8,144.50 yesterday, the highest since Jan. 11. Futures for delivery in May on the Shanghai Futures Exchange lost 0.3 percent to 58,730 yuan ($9,446) a ton.
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
CHANA
7/19/2012
4556
4573
4525
4560
4532
-28
-0.61
CHILLI
7/19/2012
5060
5060
5018
5120
5018
-102
-1.99
GUR
7/19/2012
1188
1188
1178
1183.5
1178
-5.5
-0.46
JEERA
7/19/2012
14955
14960
14650
15052.5
14800
-252.5
KAPAS
7/19/2012
1044
1053
1035
1049
1041
-8
-0.76
Symbol
DAILY MARKET STATISTICS
Expiry Date
PCP
% Change
-1.68
LTP
Crude Oil PEPPER 7/19/2012
19-Feb-13 42300 42555
5157.00 42250 42390
0.87 42435
45
5202.00 0.11
Nickel REF SOYA 7/19/2012
31-Jan-13 780.5 783.6
932.70 777.4 782.85
0.29 781.3
-1.55
935.40 -0.2
SOY BEANSilver 7/19/2012
4309 5-Mar-13 4330
4265.5 59432.00 4303
4315 0.31
12
0.28 59617.00
TURMERIC 7/19/2012 Gold
4600 4676 5-Feb-13
4518 4664 30757.00
4540 0.05
-124
-2.66 30772.00
1251
1251
1282
WHEAT
7/19/2012
1282
1246
36
2.89
Lead
31-Jan-13
123.15
1.50
125.00
Zinc
31-Jan-13
108.55
1.34
110.00
Copper
28-Feb-13
436.30
0.89
440.20
Aluminium
31-Jan-13
108.05
1.30
109.45
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DAILY MCX GOLD CHART
ANALYSIS OPEN: 30720 HIGH: 30818 LOW: 30715 CLOSE: 30772
GOLD LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
ANALYSIS OPEN: 59396 HIGH: 59720 LOW: 59217 CLOSE: 59617
SILVER LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS
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