DAILY COMMODITY REPORT 20th FEBRUARY
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DAILY MARKET WRAPUP 20th FEBRUARY COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
30132.00
30150.00
29752.00
30224.00
-064
11505
SILVER
05-MAR-14
47900.00
48022.00
47381.00
48023.00
-0.49
10004
CRUDEOIL
19-MAR-14
6364.00
6427.00
6364.00
6346.00
0.90
10055
COPPER
28-FEB-14
451.40
453.20
450.05
451.20
-0.01
9368
LEAD
28-FEB-14
134.85
135.65
133.10
134.65
-1.04
3206
NICKEL
28-FEB-14
902.20
910.80
899.10
899.10
0.28
5838
ZINC
28-FEB-14
129.50
130.35
127.85
129.20
-0.97
2954
NATURALGAS
25-FEB-14
344.40
379.60
344.40
340.60
9.69
21036
ALUMINIUM
28 FEB 2014
107.45
108.70
107.30
107.35
0.28
2474
LME WAREHOUSE STOCKS (19-FEB- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-5475
COPPER
-2525
LEAD
-1050
NICKEL
-132
ZINC
-3525
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INTERNATIONAL MARKETS 20th FEBRUARY
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,311.50
-8.90
-0.67%
APR 14
GOLD SPOT
USD/T OZ.
1,311.21
-0.39
-0.03%
N/A
COMEX SILVER
USD/T OZ.
21.47
-0.38
-1.74%
MAR 14
COMEX COPPER
USD/LB.
326.65
-1.90
-0.58%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,409.25
-5.75
-0.41%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
103.11
-0.20
-0.19%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
109.87
-0.60
-0.54%
APR 14
RBOB GASOLINE
USD/GAL.
280.76
-1.71
-0.61%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
6.01
-0.14
-2.21%
MAR 14
NYMEX HEATING OIL
USD/GAL.
313.88
-0.80
-0.25%
MAR 14
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INTRADAY SUPPORT AND RESISTANCE 20th FEBRUARY
COMMODITY
EXPIRY
SUP.2
SUP.1
PIVOT
RES.1
RES.2
ALUMINIUM
28-FEB
106.53
107.17
107.93
108.57
109.33
COPPER
28-FEB
448.40
449.90
451.55
453.05
454.70
CRUDEOIL
19-MAR
6336
6371
6399
6434
6462
GOLD
5-APR
29580
29805
29978
30203
30376
LEAD
28-FEB
131.47
132.38
134.02
134.93
136.57
NATURALGAS
25-FEB
331.33
355.27
368.33
392.27
405.33
NICKEL
28-FEB
892.9
897.2
904.0
908.3
915.1
SILVER
5-MAR
47089
47438
47730
48079
48371
ZINC
28-FEB
126.28
127.22
128.78
129.72
131.28
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MOST ACTIVE CONTRACTS 20th FEBRUARY
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
25-02-2014
373.60
5,54,67,644.80
1,48,468
SILVERMICRO
28-02-2014
47795.00
3,78,39,30,150.00
79,170
SILVER M
28-02-2014
47785.00
1,98,71,87,010.00
41,586
CRUDE OIL
19-03-2014
6403.00
18,85,04,320.00
29,440
SILVER
05-03-2014
47790.00
1,06,52,86,890.00
22,291
LEADMINI
28-02-2014
133.25
26,46,345.00
19,860
GOLD M
05-03-2014
30730.00
60,84,84,730.00
19,801
GOLD
05-04-2014
30031.00
55,56,33,562.00
18,502
COPPER
28-02-2014
451.15
81,27,467.25
18,015
NICKEL
28-02-2014
901.60
1,42,20,035.20
15,772
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TODAY,S COMMODITY NEWS 20th FEBRUARY
COMMODITY HEADLINES
Gold import restriction helps parallel economy more than real economy. Gold down 0.4% on global cues. Silver down 0.8% on global cues. Zinc up 0.2% on overseas cues, spot demand. Aluminium up 0.2% on spot demand. Nickel gains by 0.4% on firm demand. Groundnut exports to be hit on strict Malaysia, EU norms. Rasoya Proteins proposes Rs 400-cr capex. Cardamom down 0.4% on profit-booking. Oil holds above $100 on strong China lending data. Crude oil down 0.2% on Asian cues. Oil prices down after lackluster US stockpiles. Tyre output down 1%, exports up 12%. Global rubber output to be up 3.4 per cent at 12 mt in 2014.
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COMMODITY BUZZ AND ECONOMIC EVENTS 20th FEBRUARY
SPECIAL NEWS India's natural rubber imports have surged by 46% over last three years The applied rate of basic customs duty effective from 9 January 2004 is 20% for dry forms of NR and 70% for latex. In December 2010, import duty on dry forms of NR was revised as 20% or Rs. 20 per kg whichever is lower. In January 2012, import duty on latex was revised as Rs. 49 per kg if the duty amount per kg calculated at the rate of 70% advalorem is more than Rs. 49 per kg. The Government has revised the import duty on dry forms of NR from “20% or Rs. 20.00 per kg whichever is lower” to 20% or Rs. 30.00 per kg whichever is lower” with effect from 20 December 2013. Global consumption for January to December 2013 was
COMMODITY BUZZ Copper marked a surplus in the January-December 2013 period. The copper market recorded a surplus of 387 kt in January to December 2013 which follows a surplus of 250000 tonnes in the whole of 2012. Reported stocks fell by 65000 tonnes during December and ended the month 153000 tonnes lower than at the end of 2012. World mine production in January to December 2013 was 18.32 million tonnes which was 7.2 percent higher than in the same period in 2012. Global refined production rose to 21.39 million tonnes up 5.3 percent compared with the previous year with a significant increase recorded in China of 1.015 million tonnes more than compensating for the 147000 tonnes fall in Chilean output and a 71000 tonnes drop in Indian production. In December 2013, refined copper production was 1.85 mn tonnes.
21.003 million tonnes and the comparable figure for the whole of 2012 was 20.054 million tonnes. Chinese apparent consumption in January to December 2013 rose by 990000 tonnes to 9.83 million tonnes, which represented nearly 47 percent of global demand. EU27 demand was, at 3.055 million tonnes, 0.3 percent above the January to December 2012 total. In December 2013, refined copper consumption was 1.835 million tonnes.
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India registered a demand of 974.8 tons of gold in 2013, the third highest annual volume. Higher import duties and deterring import quotas not to speak of discouraging of gold-related lending and even coin sales led to contraction of supplies. Reports suggest that, the ongoing level of drilling activity is very much sufficient to help maintain Eagle Ford’s natural gas output.
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EPIC RESEARCH– ANALYST SPEAKS 20th FEBRUARY
SILVER
Yesterday Intraday Range of SILVER MCX was 641. Open Interest was down. Volumes were 22275 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. SILVER MCX Short term trend is UP, Immediate support @ 45700 Immediate Resistance @ 49600 BUY SILVER ABOVE 48050 TGTS 48250/48550 SL 47700 SELL SILVER BELOW 47500 TGTS 47200/46850 SL 47850
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EPIC RESEARCH– ANALYST SPEAKS 20th FEBRUARY
GOLD
Yesterday Intraday Range of GOLD MCX was 398. Open Interest was down. Volumes were 18497 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. GOLD MCX Short term trend is UP. Immediate support @ 29500 Immediate Resistance @ 30500 BUY GOLD(APR) ABOVE 30250 TGTS 30330/30430 SL 30130 SELL GOLD(APR) BELOW 29840 TGTS 29760/29660 SL 29960
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EPIC RESEARCH– ANALYST SPEAKS 20th FEBRUARY
CASTORSEED
RESISTANCE 1
4210.0
RESISTANCE 2
4251.0
PIVOT
4181.0
SUPPORT 1
4140.0
SUPPORT 2
4111.0
Castor seed March looking sideways to bearish in daily chart. Momentum indicator RSI shows down, expecting may go down from here onwards recommending sell on high. nearest support @ 4155 & nearest resistance @ 4190. BUY CASTORSEED MAR ABOVE 4190 TGTS 4220,4270 SL 4140 SELL CASTORSEED MAR BELOW 4155 TGTS 4125,4075 SL 4205
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20th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS DHANIYA
RESISTANCE 1
9074.0
RESISTANCE 2
9217.0
PIVOT
8987.0
SUPPORT 1
8844.0
SUPPORT 2
8757.0
Dhaniya March contract consolidating in a range, expecting from new high, trend is bullish fundamentally it is also strong and supports its bullishness. Immediate support @ 8905 and immediate resistance @ 8975. BUY DHANIYA APR ABOVE 8975 TGTS 9005,9055 SL 8925 SELL DHANIYA APR BELOW 8905 TGTS 8875,8825 SL 8955
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TODAY’S ECONOMIC EVENTS 20th FEBRUARY
THURSDAY, FEBRUARY 20 TIME
COUNTRY
EVENT
00:30
USD
FOMC MEETING MINUTES
19:00
USD
CORE CPI (YOY)
1.6%
1.7%
19:00
USD
CORE CPI (MOM)
0.1%
0.1%
19:00
USD
CPI (MOM)
0.1%
0.3%
19:00
USD
INITIAL JOBLESS CLAIMS
335K
339K
20:30
USD
PHILADELPHIA FED MANUFACTURING INDEX
8.0
9.4
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ACTUAL FORECAST PREVIOUS
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TODAY’S ECONOMIC EVENTS 20th FEBRUARY
THURSDAY, FEBRUARY 20 TIME
COUNTRY
EVENT
03:15
NZD
PPI Input (QoQ)
-0.7%
0.9%
2.2%
05:20
JPY
Adjusted Trade Balance
-1.82T
-1.56T
-1.26T
05:20
JPY
Exports (YoY)
9.5%
12.6%
15.3%
05:20
JPY
Trade Balance
-2,790B
-2,489B
-1,302B
07:15
CNY
Chinese HSBC Manufacturing PMI
48.3
49.4
49.5
12:30
EUR
German PPI (MoM)
0.2%
0.1%
13:28
EUR
French Manufacturing PMI
49.6
49.3
13:28
EUR
French Services PMI
49.4
48.9
14:00
EUR
German Manufacturing PMI
56.3
56.5
14:00
EUR
German Services PMI
53.4
53.1
14:30
EUR
Manufacturing PMI
54.0
54.0
16:30
GBP
CBI Industrial Trends Orders
5
-2
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