I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2816.05.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
MCX Gold today witnessed its second biggest loss this year of Rs 600 to Rs 27,300 per 10 grams due to reduced offtake amid weak global trend. Silver prices followed suit and dropped by a massive Rs 800 to Rs 44,700 per kg on reduced offtake by jewellers and industrial units. This is gold's second biggest fall this year since since April 15, when it had plunged by Rs 1,160 to Rs 26,640 per 10 grams. Besides, shifting of funds from weakening bullion to rising equity also influenced the precious metals. On the domestic front, mcx gold of 99.9 and 99.5 per cent purity tumbled by Rs 600 each to Rs 27,300 and Rs 27,100 per 10 grams, respectively, after surging Rs 380 each in yesterday. Sovereigns, however, held steady at Rs 24,000 per piece of eight grams in scattered deals. In a similar fashion, mcx silver ready plunged by Rs 800 to Rs 44,700 per kg and weeklybased delivery by Rs 930 to Rs 43,940 per kg.However, silver coins continued to be asked around previous level of Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
Base Metals & Energy COPPER
-
PAGE 1
D A I L Y
CRUDE OIL
B U Z Z
Zinc futures prices today edged up by 0.10 per cent to Rs 101.40 per kg amid a firm global trend, as speculators enlarged positions. At the Multi Commodity Exchange, zinc for delivery in June up by 10 paise, or 0.10 per cent, to Rs 101.40 per kg, with a business turnover of 25 lots. The metal for delivery in May gained 5 paise, or 0.05 per cent to Rs 100.25 per kg, with a business turnover of 602 lots. Brent futures slipped towards $102 a barrel on Wednesday on concerns about rising supplies from the United States and a bleak outlook for global demand growth. Brent is down some 14 percent from its 2013 peak as China demand weakens and US stockpiles touch record levels, while the latest International Energy Agency (IEA) report on rising US shale oil production further dampened sentiment. Oil has also faced pressure from a stronger US dollar in the last few sessions. Brent crude slipped 20 cents to $102.40 a barrel by 0632 GMT, after settling 22 cents lower. US oil fell 12 cents to $94.09, declining for a fifth straight day, matching a similar losing streak in December. Prices were also under pressure from the latest data out of Europe that showed Germany narrowly skirted a recession in the first quarter.
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Coriander prices fell by Rs 78 to Rs 6,770 per quintal in futures trade today as speculators reduced their positions on sluggish spot demand. The sentiment also weakened following adequate stocks availability in the physical market. At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 78, or 1.13 per cent, to Rs 6,770 per quintal with open interest of 27,980 lots. The spice of May delivery declined by Rs 50, or 0.73 per cent to Rs 6,766 per quintal in open interest of 1,250 lots. Turmeric prices declined by 0.48 per cent to Rs 5,806 per quintal in futures trade today as speculators trimmed their positions, triggered by increased supplies from the new season crop in the spot markets Besides, subdued export demand also weighed on the Turmeric prices. At the National Commodity and Derivatives Exchange, turmeric for delivery in June fell Rs 28, or 0.48 per cent, to Rs 5,806 per quintal with an open interest of 24,830 lots. Similarly, the spice for delivery in far-month July traded Rs 22, or 0.37 per cent lower at Rs 5,910 per quintal, with an open interest of 8,370 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
26310
DOWN
25885
26097
26401
26613
26917
SILVER
43314
DOWN
42079
42696
43568
44185
45057
CRUDE OIL
5160
DOWN
5015
5087
5137
5209
5259
COPPER
397.40
DOWN
389.27
393.33
396.67
400.73
404.07
NICKEL
816.30
DOWN
803.37
809.83
819.57
826.03
835.77
NATURAL GAS
222.70
DOWN
217.50
220.10
221.90
224.50
226.30
LEAD
107.85
UP
105.85
106.85
107.60
108.60
109.35
ZINC
99.45
UP
97.45
98.45
99.50
100.50
101.55
ALLUMINIUM
100.20
UP
98.00
99.10
100.20
101.30
102.40
COMMODITY
CHANA JEERA
CLOSING PRICE
3423 13182.5
TREND
S2
S1
PIVOT POINT
R1
R2
UP
3380
3401
3420
3441
3460
DOWN
13068
13125
13188
13245
13308
RM SEED
3513
UP
3482
3497
3507
3522
3532
PEPPER
35805
DOWN
35608
35707
35903
36002
36198
692.40
694.70
696.50
698.80
700.60
SOYA REF OIL
697
UP
SOYBEAN
3927
DOWN
3894
3910
3928
3944
3962
TURMERIC
5784
UP
5679
5731
5805
5857
5931
Country
Data/Event
Previous
Forecast
Time of Release (IST)
USD
Building Permits
0.91M
0.94M
6.00 P.M
USD
Core CPI m/m
0.1%
0.2%
6.00 P.M
USD
Unemployment Claims
323K
332K
6.00 P.M
USD
Philly Fed Manufacturing Index
1.3
2.5
7.30 P.M
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