I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2815.05.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
Precious gold moved up marginally in a quiet trade and regained the important Rs 27,000 per 10 gm mark at the domestic bullion market today on stray local buying interest. The yellow-metal witnessed heavy unwinding from speculators yesterday on the auspicious Akshaya Tritiya day, the biggest gold buying festival by falling a whopping Rs 390. The industrial metal, MCX silver, however, slumped on the back of heavy stockists selling amid subdued industrial demand. Standard mcx gold of 99.5 per cent purity gained Rs 45 to settle at Rs 27,030 per 10 gm from Monday's closing level of Rs 26,985. Pure gold of 99.9 per cent purity also looked up by Rs 25 to close at Rs 27,155 per 10 gm from Rs 27,130. Silver ready (.999 fineness), however, tanked by Rs 505 to conclude at Rs 45,410 per kg as against Rs 45,915 previously. Globally, gold trade continues to be lacklustre amid cautiousness following a surprise rise in US retail sales amid speculation about US Federal Reserve scaling back its stimulus measures earlier than expected. In London, spot gold was trading low at USD 1,428.64 an ounce in early hours.
Base Metals & Energy COPPER
-
PAGE 1
D A I L Y
CRUDE OIL
B U Z Z
Lead prices shed 0.41 per cent to Rs 109.15 per kg in futures trading today due to sluggish demand from battery-maker in the spot market amid a weak global trend. At the Multi Commodity exchange, Lead for delivery in May declined 45 paise, or 0.41 per cent, to Rs 109.15 per kg in business turnover of 2,539 lots. Similarly, the metal for delivery in the June contract down 40 paise, or 0.36 per cent, to Rs 109.85 per kg in 1,560 lots. Meanwhile, lead traded a shade lower at $ 2,013 a tonne on the London Metal Exchange Tracking a weak global trend, copper prices fell by 0.21 per cent to Rs 406.40 per kg in futures trade today as speculators offloaded their positions. At the Multi Commodity Exchange, mcx copper for delivery in August fell Rs 2.85, or 0.21 per cent, to Rs 406.40 per kg in business turnover of 339 lots. Similarly, the metal for delivery in June traded lower by 60 paise, or 0.15 per cent, to Rs 402 per kg in 5,370 lots. Meanwhile, copper fell 1.1 per cent to $ 7,275.25 a tonne on the London Metal Exchange on demand concerns on speculation that inflation may accelerate in China, curbing further stimulus.
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Turmeric prices fell by Rs 116 to Rs 5,718 per quintal in futures trade on Monday as speculators booked profits at current levels. Subdued demand from local and overseas customers in the spot markets mainly pulled down turmeric futures prices, traders said. At the National Commodity and Derivatives Exchange, turmeric for delivery in May fell by Rs 116, or 2 per cent, to Rs 5,718 per quintal, with an open interest of 585 lots. Likewise, the spice for delivery in June lost Rs 76, or 1.30 per cent, to Rs 5,762 per quintal, with an open interest of 26,105 lots. Potato prices fell by 1.01 per cent to Rs 985 per quintal in futures trade on Monday as speculators offloaded their positions, driven by weak trend in the spot market. At the Multi Commodity Exchange, potato for May delivery fell by Rs 10.10, or 1.01 per cent, to Rs 985 per quintal, with a business volume of 11 lots. For delivery in June, potato traded lower by Rs 5.90, or 0.63 per cent, to Rs 926 per quintal, with a trade volume of 12 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
26707
DOWN
26493
26600
26759
26866
27025
SILVER
44516
DOWN
43649
44083
44585
45019
45521
CRUDE OIL
5190
DOWN
5145
5167
5198
5220
5251
COPPER
399.80
DOWN
392.33
396.07
401.93
405.67
411.53
NICKEL
827.30
DOWN
817.97
822.63
831.27
835.93
844.57
NATURAL GAS
219.20
DOWN
212.60
215.90
217.80
221.10
223.00
LEAD
108.15
UP
106.62
107.38
108.52
109.28
110.42
ZINC
100.20
UP
99.20
99.70
100.45
100.95
101.70
ALLUMINIUM
103.20
UP
102.13
102.67
103.13
103.67
104.13
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3401
UP
3348
3374
3402
3428
3456
JEERA
13260
DOWN
13060
13160
13280
13380
13500
RM SEED
3504
UP
3451
3477
3509
3535
3567
PEPPER
36200
DOWN
36053
36127
36163
36237
36273
SOYA REF OIL
699.45
UP
696.02
697.73
700.02
701.73
704.02
SOYBEAN
3946
DOWN
3919
3932
3949
3962
3979
TURMERIC
5832
UP
5719
5775
5833
5889
5947
Country
Data/Event
Previous
Forecast
Time of Release (IST)
GBP
Claimant Count Change
-7.0K
-3.1K
2.30 P.M
USD
PPI m/m
-0.6%
-0.6%
6.00 P.M
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