I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2815.04.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
Silver prices fell by 0.76 per cent to Rs 51,280 per kg in futures trade today as speculators offloaded their positions in tandem with a weak global trend. At the Multi Commodity Exchange, silver for delivery in May month fell by Rs 394, or 0.76 per cent to Rs 51,280 per kg in business turnover of 18,304 lots. Similarly, the white metal for delivery in July declined by Rs 397, or 0.75 per cent to Rs 52,285 per kg in 1,256 lots. Gold futures in India, the world's biggest buyer of the metal, hovered around their lowest level in a week, though prices were on track for a 2-per cent fall this week. At 0808 GMT, the actively traded gold for June delivery on the Multi Commodity Exchange (MCX) was down Rs 21 at Rs 29,163 per 10 grams. It had touched a low of Rs 29,055 in the previous session, a level last seen on April 5. A stronger rupee weighed on sentiment. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal.
Base Metals & Energy COPPER
CRUDE OIL
-
D A I L Y
B U Z Z
Lead futures prices today rose by 0.26 per cent to Rs 113.95 per kg as speculators enlarged their positions triggered by a firming trend overseas and rising spot demand. At the Multi Commodity Exchange, lead for delivery in April traded 30 paise, or 0.26 per cent higher at Rs 113.95 per kg, with a turnover of 5,541 lots. The metal for delivery in May also rose by 25 paise, or 0.22 per cent, to trade at Rs 114.80 per kg, in a business turnover of 118 lots. At the London Metal Exchange (LME), lead gained 0.20 per cent to $ 2,094 per tonne. Copper prices slipped on Thursday as concerns about the outlook for demand and global oversupply weighed on sentiment although some optimism about China's economic revival helped cushion falls. Three-month copper on the London Metal Exchange traded at $7,544.50 in official rings, down from Wednesday's close at $7,575. Prices hit a two-week high of $7,645.25 this week, rebounding from 8-month lows at the start of April, but traders said they are selling into rallies.
The metal used in power and construction is down by almost 5 percent this year. PAGE 2
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Cardamom prices drifted by Rs 5 to Rs 844.50 per kg in futures trade today on adequate stocks on increased arrivals from producing regions against subdued demand in the spot market. At the Multi Commodity Exchange, cardamom for delivery in April weakened by Rs 5, or 0.59 per cent to Rs 844.50 per kg in business turnover of 160 lots. Similarly, the spice for delivery in May traded lower by Rs 3.50, or 0.40 per cent to Rs 871 per kg in 579 lots. Jeera prices rose by Rs 42.50 to Rs 13,820 per quintal in futures market today after participants built up fresh speculative positions on the back of export demand. However, expectations of higher production and supplies from new season crop, limited the gains. At the National Commodity and Derivatives Exchange, jeera for delivery in May rose by Rs 42.50, or 0.31 per cent to Rs 13,820 per quintal with an open interest of 14,085 lots. Likewise, the spice for delivery in June gained Rs 37.50, or 0.27 per cent to Rs 14,025 per quintal in 5,181 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
PIVOT
S1
POINT
R1
R2
GOLD
28180
DOWN
27374
27777
28503
28906
29632
SILVER
49430
DOWN
47365
48398
50032
51065
52699
CRUDE OIL
4984
DOWN
4859
4921
5004
5066
5149
COPPER
404.65
DOWN
396.08
400.37
407.13
411.42
418.18
NICKEL
865.50
DOWN
851.03
858.27
871.63
878.87
892.23
NATURAL GAS
231.30
UP
223.77
227.53
229.97
233.73
236.17
LEAD
111.00
DOWN
108.87
109.93
111.52
112.58
114.17
ZINC
100.90
DOWN
98.53
99.72
101.23
102.42
103.93
ALLUMINIUM
100.25
DOWN
98.68
99.47
100.93
101.72
103.18
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3670
UP
3627
3649
3686
3708
3745
SOYA BEAN
3956
DOWN
3879
3918
3970
4008
4060
JEERA
13778
DOWN
13659
13718
13822
13881
13984
PEPPER
35635
DOWN
35185
35410
35635
35860
36085
TURMERIC
7054
UP
6898
6976
7028
7106
7158
RM SEED
3614
DOWN
3584
3599
3623
3638
3662
703.03
705.97
709.73
712.67
716.43
SOYA REF OIL
708.90
UP
Country
Data/Event
Previous
Forecast
Time of Release (IST)
USD
Empire State Manufacturing Index
9.2
7.2
6.00 P.M
USD
TIC Long-Term Purchases
25.7B
41.3B
6.30 P.M
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