DAILY COMMODITY REPORT 12th DECEMBER 2013
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DAILY MARKET WRAPUP 12th DECEMBER 2013 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29499
29639
29272
29460
-0.28
9792
SILVER
05 MAR 2014
45499
45845
45251
45730
+0.53
8787
CRUDE
18 DEC 2013
6019
6059
6002
6014
+0.05
10297
NATURAL GAS
26 DEC 2013
258.5
266.6
256.5
265.5
+3.10
18637
COPPER
28 FEB 2014
447.7
454.8
447.7
454.5
+1.40
13610
NICKEL
31 DEC 2013
852.8
871.8
852.8
866.7
+1.76
6533
LEAD
31 DEC 2013
129.6
131.9
129.35
131.7
+1.62
2742
ZINC
31 DEC 2013
119.5
121.1
119.05
121.00
+1.38
3736
ALUMINIUM
31 DEC 2013
108.70
110.4
108.6
110.15
+1.43
2035
LME WAREHOUSE STOCKS (11 - DEC- 2013)
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METAL
TONNES IN STORAGE
ALUMINIUM
-9925
COPPER
-2175
LEAD
-1575
NICKEL
54
TIN
-260
ZINC
-4675 Call us at +91-731-6642300
INTERNATIONAL MARKETS 12th DECEMBER 2013
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,253.70
-3.50
-0.28%
FEB 14
GOLD SPOT
USD/T OZ.
1,254.22
+1.90
+0.15%
N/A
COMEX SILVER
USD/T OZ.
20.29
-0.07
-0.35%
MAR 14
COMEX COPPER
USD/LB.
328.45
-1.05
-0.32%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,387.32
+2.69
+0.19%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
97.39
-0.05
-0.05%
JAN 14
CRUDE OIL (BRENT)
USD/BBL.
109.52
-0.18
-0.16%
JAN 14
RBOB GASOLINE
USD/GAL.
266.34
+0.23
+0.09%
JAN 14
NYMEX NATURAL GAS
USD/MMBTU
4.34
+0.01
+0.14%
JAN 14
NYMEX HEATING OIL
USD/GAL.
302.16
+0.04
+0.01%
JAN 14
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INTRADAY SUPPORT AND RESISTANCE 12thDECEMBER 2013
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
RES.2
RES.3
ALUMINIUM
31-Dec
106.70
107.35
107.90
108.55
109.10
109.75
110.30
COPPER
28-Feb
442.78
444.32
446.03
447.57
449.28
450.82
452.53
CRUDEOIL
18-Dec
5870
5914
5962
6006
6054
6098
6146
GOLD
5-Feb
28907
29048
29292
29433
29677
29818
30062
LEAD
31-Dec
126.72
127.58
128.47
129.33
130.22
131.08
131.97
NATURALGAS
26-Dec
250.47
253.73
255.87
259.13
261.27
264.53
266.67
NICKEL
31-Dec
833.0
841.3
845.9
854.2
858.8
867.1
871.7
SILVER
5-Mar
43565
43981
44716
45132
45867
46283
47018
ZINC
31-Dec
116.13
116.82
117.98
118.67
119.83
120.52
121.68
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MOST ACTIVE CONTRACTS 12th DECEMBER 2013
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
26-12-2013
266.00
1,89,42,126.00
71,211
SILVERMICRO
28-02-2014
45713.00
3,04,32,05,836.00
66,572
CRUDE OIL
18-12-2013
6014.00
33,21,89,304.00
55,236
SILVER M
28-02-2014
45720.00
1,52,76,88,080.00
33,414
COPPER
28-02-2014
454.00
1,29,12,214.00
28,441
COPPERMINI
28-02-2014
453.90
94,61,999.40
20,846
NICKEL
31-12-2013
865.50
1,80,17,113.50
20,817
GOLD M
03-01-2014
29990.00
61,53,64,810.00
20,519
SILVER
05-03-2014
45692.00
81,96,68,788.00
17,939
GOLD PETAL
31-12-2013
3041.00
5,22,65,667.00
17,187
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COMMODITY BUZZ AND ECONOMIC EVENTS 12th DECEMBER 2013
SPECIAL NEWS : The U.S. govt. recorded a budget deficit of $135 billion for Nov. That is a drop of 21% from the same month a year ago, and puts the fiscal year-to-date deficit at $227 billion. The government brought in $182 billion in receipts in November, a 13% increase based mostly on individual withheld taxes. Spending was $318 billion in the month, down 5%.
Australia's unemployment rate rose to 5.8% in November from 5.7% in October, edging closer to a postfinancial crisis high.
India government may not implement a steep hike in diesel prices although state elections are over. According to India Ratings (Ind-Ra) one time hike in prices can reduce under recoveries.
The Federal Reserve may begin to scale back its 85billion-USD monthly asset purchases at the committee's policy meeting on December 17th-18th rather than wait next year. Earlier this week, Fed Reserve Bank of Atlanta President said that any decision to taper should be accompanied by a limit on the size of the program or a timetable for ending it.
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COMMODITY BUZZ : Iran's oil exports are rebounding after an interim deal with the West but the Islamic Republic won't flood markets even if international sanctions are lifted. The IEA said global oil demand will be higher than expected next year and that could push up oil prices amid persistent production disruptions.
Indonesian ban on ores is due to start in January 12, 2014 the export ban will be impacting the revenues of Indonesia are also higher. Indonesia was exporting a major chunk of unprocessed metal to China. After the announcement of the ban China has been stocking ores and increasing the production capacities of metals and simultaneously eyeing the Philippines as the export hub next year.
Two major events coming in 2014 can have great impact on the metals markets. One is the Federal Reserve tapering, which is expected to start from March 2014. The other is the ban of ore exports by Indonesia, which is due to start in January 12, 2014 thereby the production of Copper can concentrate from Grasberg Mine, it can drop by 30-40%
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EPIC RESEARCH– ANALYST SPEAKS 12th DECEMBER 2013
SILVER MCX:
MCX SILVER march contract was closed at Rs 45730 up Rs 280, or +0.62 percent. The SILVER rate touched an intraday high of Rs 45845 and an intraday low of Rs 45251. 15713 contracts had been traded. Silver opened at morning with gap up and made day low. In mid session. Silver traded in big range and made low of 45251 at night . After 6.00 p.m. more selling pressure had been seen in silver and it is helpful to break the nearest resistance of 45950. BUY SILVER ABOVE 45950 TGTS 46150/46450 SL 45650 SELL SILVER BELOW 45220 TGTS 45020/44720 SL 45520
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EPIC RESEARCH– ANALYST SPEAKS 12thDECEMBER 2013
GOLD MCX:
MCX GOLD February contract was closed at Rs 29460 down Rs 75 , or -0.25 percent. The GOLD rate touched an intraday high of Rs 29639 and an intraday low of Rs 29272. 13196 contracts had been traded. Gold Price was taking support at 29250 and traded in sideways range all day. In evening session gold price broke the nearest support of 29530 and made new low of 29272. BUY GOLD ABOVE 29550 TGTS 29630/29730 SL 29450 SELL GOLD BELOW 29320 TGTS 29240/29140 SL 29420
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TODAY’S ECONOMIC EVENTS 12th DECEMBER 2013
Time
Counrty
Event
Actual
Forecast Previous
THURSDAY, DECEMBER 12 03:00
EUR
ECB PRESIDENT DRAGHI SPEAKS
04:00
EUR
ECB MONTHLY REPORT
04:00
CHF
SNB CHAIRMAN THOMAS JORDAN SPEAKS
05:00
EUR
INDUSTRIAL PRODUCTION (MOM)
0.3%
-0.5%
08:30
USD
CORE RETAIL SALES (MOM)
0.2%
0.2%
08:30
USD
IMPORT PRICE INDEX (MOM)
-0.6%
-0.7%
08:30
USD
INITIAL JOBLESS CLAIMS
320K
298K
08:30
USD
RETAIL SALES (MOM)
0.6%
0.4%
13:05
CAD
BOC GOV POLOZ SPEAKS
23:30
JPY
INDUSTRIAL PRODUCTION (MOM)
0.5%
0.5%
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