I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2821.05.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
Silver futures today tumbled 4 per cent to hit the lower circuit at Rs 40,912 per kg, the lowest level in 31 months, largely in tandem with a weakening trend overseas. At the Multi Commodity Exchange, the July contract of Silver traded lower by Rs 1,717, or 4.03 per cent, to Rs 40,912 per kg in a business turnover of 4,336 lots. This level was last seen in November, 2010. The far-month September contract fell by Rs 1,728, or 4 per cent, to Rs 41,436 per kg in business volume of 211 lots. In Singapore, silver tumbled as much as 7 per cent to USD 20.69 an ounce, the lowest level since October, 2010. Analysts said weakening trend overseas as the US economy improved, hurting the precious metals' appeal as a haven and declining holdings in exchange-traded products and subdued domestic demand, mainly put pressure on the silver prices at futures trade here.
PAGE 1
Base Metals & Energy COPPER
CRUDE OIL
-
D A I L Y
B U Z Z
Crude oil futures today fell by Rs 20, or 0.38 per cent, to Rs 5,282 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade. At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 20 or 0.38 per cent, to Rs 5,282 per barrel in 3,367 lots. Similarly, the oil for July delivery moved down by Rs 17, or 0.32 per cent, to Rs 5,305 per barrel in 87 lots. Meanwhile, crude oil for June delivery shed five cents to USD 95.97 a barrel on the New York Mercantile Exchange. Lead prices dropped by 0.81 per cent to Rs 110.05 per kg in futures trade today due to sluggish demand from battery-makers. At the Multi Commodity exchange, lead for delivery in June declined 90 paise, or 0.81 per cent, to Rs 110.05 per kg in business turnover of 133 lots. The May contract dropped by 15 paise, or 0.77 per cent, to Rs 109.80 per kg in 1,945 lots.
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Turmeric prices moved down by 1.27 per cent to Rs 5,920 per quintal in futures trade today in line with trends at spot markets. At the National Commodity and Derivatives Exchange, turmeric for delivery in May moved down by Rs 76, or 1.27 per cent to Rs 5,920 per quintal with an open interest of 315 lots. The June contract of the spice traded lower by Rs 20, or 0.33 per cent to Rs 5,960 per quintal in 24,310 lots. Cardamom prices rose by 0.57 per cent to Rs 758 per kg in futures trade today as speculators created fresh positions, driven by pick-up in demand at spot markets. Besides, lower arrivals from producing regions also supported the upside. At the Multi Commodity Exchange, the July contract of cardamom gained Rs 4.30, or 0.57 per cent to Rs 758 per kg in business turnover of 122 lots. The spice for delivery in June edged up by 90 paise, or 0.12 per cent to Rs 727.10 per kg in 400 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
PIVOT
S1
POINT
R1
R2
GOLD
26088
DOWN
24967
25528
25933
26494
26899
SILVER
43263
DOWN
39224
41243
42769
44788
46314
CRUDE OIL
5329
UP
5191
5260
5309
5378
5427
COPPER
409.00
DOWN
396.00
402.50
406.70
413.20
417.40
NICKEL
833.80
DOWN
808.80
821.30
829.10
841.60
849.40
NATURAL GAS
226.60
UP
223.60
225.10
227.20
228.70
230.80
LEAD
112.10
UP
108.23
110.17
111.18
113.12
114.13
ZINC
101.10
UP
98.63
99.87
100.58
101.82
102.53
ALLUMINIUM
101.40
UP
99.43
100.42
101.08
102.07
102.73
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3389
UP
3356
3373
3391
3408
3426
JEERA
13078
DOWN
12903
12990
13045
13133
13188
RM SEED
3505
UP
3479
3492
3508
3521
3537
PEPPER
34500
DOWN
33727
34113
34807
35193
35887
SOYA REF OIL
700
UP
694
697
699
702
704
SOYBEAN
3920
DOWN
3865
3893
3908
3935
3950
TURMERIC
5950
UP
5706
5828
5914
6036
6122
Country
Data/Event
Previous
Forecast
Time of Release (IST)
GBP
CPI y/y
2.8%
2.6%
2.00 P.M
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