I Prateekj16
RESEARCH VIA
18july
WEEKLY COMMODITY REPORT
2827.05.2013
Precious Metals GOLD
SILVER
D A I L Y
B U Z Z
MCX Gold prices today extended losses for the third straight session by losing Rs 50 to Rs 26,950 per 10 grams on slackened demand at prevailing higher levels amid a weak global trend. However, silver found some buying support from industrial units and recovered by Rs 100 to Rs 44,100 per kg. Traders said slackened demand at prevailing higher levels amid a weak global trend mainly kept Gold prices while silver recovered on some buying from industrial units. Gold in London, which normally sets the price trend on the domestic front, lost 0.1 per cent to USD 1,389.43 an ounce. On the domestic front, gold of 99.9 and 99.5 per cent purity shed another by Rs 50 each to Rs 26,950 and Rs 26,750 per 10 grams, respectively. It had lost Rs 50 in last two day. Sovereigns held steady at Rs 23,700 per piece of eight grams.
Base Metals & Energy
On the other hand, MCX silver ready recovered by Rs 100 to Rs 44,100 per kg and weeklybased delivery by Rs 155 to Rs 43,325 per kg. The -white metal had lost Rs 300 yesterday. Although, silver coins remained stable at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces. PAGE 1
Base Metals & Energy COPPER
CRUDE OIL
D A I L Y
B U Z Z
Copper futures are trading higher in the domestic market on Friday as investors and speculators created fresh positions in the base metal amid a pickup in physical demand for copper in the domestic spot market. However, a spate of weak economic data from the US, the world’s second biggest copper consuming nation, dimmed the demand outlook for the base metal, trimming gains. Unemployment claims in the US rose to the highest level in six weeks, housing starts declined at the fastest pace since February 2011 in April, while manufacturing in the Philadelphia region shrank this month. The number of Americans who filed for unemployment benefit claims jumped to the highest level in six weeks, up 32,000 to a seasonally adjusted 360,000 last week, signalling a slowing labour market recovery. At the MCX, Copper futures, for the June 2013 contract, is trading at Rs 404.10 per kg, up by 0.90 per cent, after opening at Rs 401.40, against a previous close of Rs 400.50. It touched an intra-day high of Rs 406.30. (At 15:59 PM).
PAGE 2
Agro Outlook CHANA DHANIYA
D A I L Y
B U Z Z
Sugar futures fell on Friday, extending losses from the previous session, due to higher supplies and weak demand despite the summer season, which usually helps sugar sales. Lower global prices also weighed on the contract. The benchmark July raw sugar contract settled at 16.76 cent a lb on Thursday, hovering around the lowest level for the front month since July 2010. The key June contract on the National Commodity and Derivatives Exchange was down 0.65 percent at 3,035 rupees per 100 kg at 0856 GMT. Prices of wheat bajra rose up to Rs 35 per quintal on the wholesale grains market on Friday on increased buying by flour mills and stockists. Traders said increased buying by flour mills helped wheat prices to gain further ground. Increased buying by stockists against limited arrivals from producing belts led to upsurge in bajra prices, they said. In the national capital,wheat dara (for mills) advanced by Rs 25 to Rs 1,575-1,580 per quintal. Atta chakki delivery traded higher by the same margin to 1580-1585 per 90 kg. Bajra also seen in demand from stockists and gained Rs 35 at Rs 1500-1505 per quintal.
Market Statistics METALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
PIVOT
S1
POINT
R1
R2
GOLD
25835
DOWN
24848
25627
26152
26931
27456
SILVER
42629
DOWN
39090
41281
42941
45132
46792
CRUDE OIL
5302
UP
5056
5162
5273
5379
5490
COPPER
405.60
DOWN
389.25
398.55
409.50
418.80
429.75
NICKEL
815.20
UP
789.70
806.10
827.00
843.40
864.30
NATURAL GAS
226.00
UP
232.43
234.27
236.63
238.47
240.83
LEAD
110.65
UP
107.03
111.27
113.48
117.72
119.93
ZINC
100.35
UP
97.53
99.77
101.58
103.82
105.63
ALLUMINIUM
101.15
UP
98.18
99.67
101.58
103.07
104.98
PIVOT
R1
R2
AGRO COMMODITIES COMMODITY
CLOSING PRICE
TREND
S2
S1
POINT
CHANA
3389
DOWN
3299
3344
3409
3454
3519
SOYA BEAN
3903
UP
3795
3849
3907
3961
4019
JEERA
13102
DOWN
12764
12933
13214
13383
13664
PEPPER
35500
SIDEWAYS
34250
34875
35625
36250
37000
TURMERIC
5980
UP
5491
5735
5997
6241
6503
RM SEED
3514
DOWN
3437
3476
3520
3559
3603
SOYA REF OIL
699.6
UP
688.60
694.10
699.25
704.75
709.90
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