I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2828.05.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
MCX Gold fell on Tuesday as Asian stock markets and the dollar firmed after a turbulent week, undermining the metal's appeal as a safe haven and prompting more selling in bullionbacked exchange traded funds. Demand in the physical market continued to hold prices near $1,400 an ounce as the recent drops in the spot market lured buyers to invest in bullion. Spot gold fell 0.26 percent to $1,390.71 an ounce by 0230 GMT, after gaining more than half a percent on Monday. It rose 2 percent last week - its strongest weekly percentage gain in a month - though the metal is down 17 percent for the year. US gold rose 0.22 percent to $1,389.60. "The paper market is dropping but we are seeing a different story in the physical market," said Zane Lim, regional manager of operations at Singapore-based dealer BullionStar. "Everybody is buying and no one is selling." Bullion is being sold at high premiums compared to spot prices as there is not enough supply in the market to meet the strong demand. Gold prices remain near a two-year low of $1,321.35 hit in mid-April as investors flock to higher-yielding stocks. PAGE 1
Base Metals & Energy COPPER
CRUDE OIL
-
D A I L Y
B U Z Z
Crude oil futures prices today fell by 0.80 per cent to Rs 5,227 per barrel, after speculators reduced exposures amid weak trend in Asian trade. At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 41, or 0.80 per cent, to Rs 5,227 per barrel in 8,397 lots. Oil for the July delivery contracts moved down by Rs 38, or 0.72 per cent, to Rs 5,256 per barrel in a turnover of 609 lots. The trading sentiment turned weak at futures trade as crude prices declined in Asian trade, dragged down by prospects of weaker crude demand form China and a buildup in US stockpiles, analysts said. Meanwhile, crude oil for the July delivery dropped 64 cents to $ 93.51 a barrel on the New York Mercantile Exchange.
PAGE 2
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Chana prices fell by 0.80 per cent to Rs 3,352 per quintal in futures trade today on profitbooking by speculators amid subdued demand in physical markets. Increased supply from major producing regions of Madhya Pradesh and Rajasthan also put pressure on chana futures prices. At the National Commodity and Derivative Exchange, chana for the July delivery declined by Rs 27, or 0.80 per cent, to Rs 3,352 per quintal, with an open interest for 90,950 lots. Similarly, chana for the June delivery fell by Rs 26, or 0.79 per cent, to Rs 3,275 per quintal in 1,22,070 lots. Menthol prices fell by Rs 10 per kg in the national capital today owing to reduced offtake by consuming units amid adequate stocks. Increased arrivals from producing belts in Uttar Pradesh and weakening trend in futures market also weighed on the menthol prices. Menthol bold crystal, flake and mentha oil prices fell by Rs 10 each to settle at Rs 1,220, Rs 1,120 and Rs 970 per kg, respectively.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
26446
DOWN
26308
26377
26433
26502
26558
SILVER
43610
DOWN
43253
43431
43587
43765
43921
CRUDE OIL
5218
DOWN
5181
5200
5225
5244
5269
COPPER
407.30
DOWN
404.83
406.07
407.13
408.37
409.43
NICKEL
818.60
UP
812.47
815.53
819.17
822.23
825.87
NATURAL GAS
239.30
UP
232.30
235.80
237.80
241.30
243.30
LEAD
115.55
UP
114.55
115.05
115.45
115.95
116.35
ZINC
101.80
UP
101.23
101.52
101.73
102.02
102.23
ALLUMINIUM
101.05
UP
100.48
100.77
101.03
101.32
101.58
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3283
UP
3250
3267
3287
3304
3324
JEERA
13215
DOWN
13090
13153
13243
13305
13395
RM SEED
3456
UP
3429
3443
3467
3481
3505
SOYA REF OIL
706.5
UP
701
704
706
709
712
SOYBEAN
3803
DOWN
3754
3779
3809
3833
3863
TURMERIC
5878
UP
5745
5811
5891
5957
6037
Country
Data/Event
GBP
MPC Member Tucker Speaks
USD
CB Consumer Confidence
Previous
Forecast
Time of Release (IST) 10.30 P.M
68.1
70.7
7.30 P.M
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