Daily commodity report 09 jan 2014

Page 1

DAILY COMMODITY REPORT 09th JANUARY 2014

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DAILY MARKET WRAPUP 09th JANUARY 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05 FEB 2014

28766.00

28878.00

28671.00

28796.00

-0.25

8473

SILVER

05 MAR 2014

44340.00

44489.00

43600.00

43869.00

-1.72

11422

CRUDE

20 JAN. 2013

5857.00

5874.00

5778.00

5787.00

-1.06

14331

NATURAL GAS

28 JAN. 2013

269.60

271.80

264.30

264.90

-1.78

13155

COPPER

28 FEB 2014

466

467.40

462.50

462.60

-0.20

12482

NICKEL

31 JAN 2013

843.70

847.00

837.70

838.60

-0.38

14337

LEAD

31 JAN 2013

133.75

134.25

131.90

132.05

-0.90

3504

ZINC

31 JAN 2013

127.40

128.15

126.30

126.50

-0.51

2930

ALUMINIUM

31 JAN 2013

109.35

10.9.50

108.60

108.75

-0.41

1999

LME WAREHOUSE STOCKS (08– JAN- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-1725

COPPER

-1400

LEAD

-500

NICKEL

-114

TIN

-165

ZINC

-4100 Call us at +91-731-6642300


INTERNATIONAL MARKETS 09th JANUARY 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,226.70

+1.20

+0.10%

FEB 14

GOLD SPOT

USD/T OZ.

1,227.59

+1.60

+0.13%

N/A

COMEX SILVER

USD/T OZ.

19.62

+0.08

+0.41%

MAR 14

COMEX COPPER

USD/LB.

335.05

-0.90

-0.27%

MAR 14

PLATINUM SPOT

USD/T OZ.

1,419.50

+2.18

+0.15%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

92.65

+0.32

+0.35%

FEB 14

CRUDE OIL (BRENT)

USD/BBL.

107.43

+0.28

+0.26%

FEB 14

RBOB GASOLINE

USD/GAL.

266.36

-1.50

-0.56%

FEB 14

NYMEX NATURAL GAS

USD/MMBTU

4.18

-0.04

-0.97%

FEB 14

NYMEX HEATING OIL

USD/GAL.

295.59

+0.65

+0.22%

FEB 14

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INTRADAY SUPPORT AND RESISTANCE 09th JANUARY 2014

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

RES.2

RES.3

IUM

31-JAN

107.50

108.05

108.40

108.95

109.30

109.85

110.20

COPPER

28-FEB

456.50

459.55

461.30

464.35

466.10

469.15

470.90

CRUDEOIL

20-JAN

5656

5717

5752

5813

5848

5909

5944

GOLD

5-FEB

28478

28575

28685

28782

28892

28989

29099

LEAD

31-JAN

128.87

130.38

131.22

132.73

133.57

135.08

135.92

NATURALGAS

28-JAN

254.63

259.47

262.13

266.97

269.63

274.47

277.13

NICKEL

31-JAN

825.9

831.8

835.2

841.1

844.5

850.4

853.8

SILVER

5-MAR

42594

43097

43483

43986

44372

44875

45261

ZINC

31-JAN

123.97

125.13

125.82

126.98

127.67

128.83

129.52

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MOST ACTIVE CONTRACTS 09th JANUARY 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

28-02-2014

43800.00

4,35,05,66,400.00

99,328

NATURAL GAS

28-01-2014

265.10

1,54,20,336.80

58,168

CRUDE OIL

20-01-2014

5794.00

32,29,28,590.00

55,735

SILVER M

28-02-2014

43805.00

2,15,10,44,525.00

49,105

SILVER

05-03-2014

43761.00

1,17,28,38,561.00

26,801

COPPER

28-02-2014

464.40

98,88,004.80

21,292

LEADMINI

31-01-2014

132.35

23,35,315.75

17,645

GOLD M

05-02-2014

28902.00

48,82,70,388.00

16,894

COPPERMINI

28-02-2014

464.35

70,37,224.25

15,155

GOLD

05-02-2014

28761.00

43,02,93,321.00

14,961

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COMMODITY BUZZ AND ECONOMIC EVENTS 09th JANUARY 2014

SPECIAL NEWS : 

China's consumer-price inflation slowed in December, while deflation for wholesale prices held steady. The consumer price index rose 2.5% from a year earlier, slowing from a 3% gain in November, while prices were 0.3% higher versus the previous month, swinging from a 0.1% drop. The producer price index, meanwhile, fell 1.4% on an annual basis.

COMMODITY BUZZ : 

Australian retail sales rose by more than expected in November led by cafes, restaurants and takeaway-food stores, a further sign that record-low interest rates are fueling consumer spending. Retail sales rose 0.7% from a month earlier.

Volume for Copper increased as the prices declined. The volume of Copper was at 23206 kgs against an average of 16000 kg s on last month. COMEX Copper was last checked at $ 3.36 per pound, down $ 0.07 per pound. the world's largest bullion consumer, A record high import duty on gold. It is expected to be reduced and soften export rules. Import restrictions imposed by the government supported to narrow country's trade deficit and now restriction have started to encourage smuggling.

In the United States, the non-manufacturing index registered 53 percent in December, 0.9 percentage point lower than November's reading of 53.9 percent. This indicates continued growth at a slightly slower rate in the non-manufacturing sector, according to the data released by the Institute for Supply Management on Monday.

Gold imports in the current financial year could be lower by 40% at 515 tonnes against 846 tonnes a year ago. This will be the lowest in 10 years. In Dec. imports are expected at 20 tonnes. While this will help curtail the current account deficit, it is a bad piece of news for jewellers who have to buy gold at huge premiums or smuggle it.

The American Petroleum Institute (API) stated that that a 7.3 million-barrel decline was noted in US in crude supplies for the week ended January 3. API also reported that gasoline stockpiles rose 5.6 million barrels, while distillate supplies added 5.2 million barrels.

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EPIC RESEARCH– ANALYST SPEAKS 09th JANUARY 2014

SILVER MCX:

BUY SILVER ABOVE 44500 TGTS 44700/4500 SL 44100 SELL SILVER BELOW 43650 TGTS 43450/43150 SL 44050

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EPIC RESEARCH– ANALYST SPEAKS 09th JANUARY 2014

GOLD MCX:

BUY GOLD ABOVE 28900 TGTS 28980/29080 SL 28780 SELL GOLD BELOW 28690 TGTS 28610/28510 SL 28800

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TODAY’S ECONOMIC EVENTS 09th JANUARY 2014

Time

Counrty

Event

Actual Forecast Previous

THURSDAY, JANUARY 9 00:30

USD

FOMC MEETING MINUTES

07:00

CNY

CHINESE CPI (YOY)

2.5%

2.7%

3.0%

07:00

CNY

CHINESE CPI (MOM)

0.3%

0.4%

-0.1%

07:00

CNY

CHINESE PPI (YOY)

-1.4%

-1.3%

-1.4%

15:00

GBP

TRADE BALANCE

-9.45B

-9.73B

16:30

EUR

GERMAN INDUSTRIAL PRODUCTION (MOM)

1.5%

-1.2%

17:30

GBP

BOE QE TOTAL

375B

375B

17:30

GBP

INTEREST RATE DECISION

0.50%

0.50%

18:15

EUR

INTEREST RATE DECISION

0.25%

0.25%

19:00

EUR

ECB PRESIDENT DRAGHI SPEAKS

19:00

USD

INITIAL JOBLESS CLAIMS

335K

339K

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