Commodity report by ways2capital 10 sep 2014

Page 1

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✍ NCDEX DAILY LEVELS DALLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20-OCT-14

574

569

564

561

559

556

554

549

544

SYBEANIDR

20-NOV-14

3244

3185

3126

3089

3067

3030

3008

2948

2890

RMSEED

20-OCT-14

3690

3658

3626

3612

3594

3580

3562

3530

3498

JEERAUNJHA

20-OCT-14

11393

11268 11143

11061

11018 10936 10893 10768 10643

DHANIYA

20-OCT-14

12326

12191 12056

11978

11921 11843 11786 11651 11516

CASTORSEED

20-OCT-14

4183

4152

4121

4106

4090

4075

4059

4028

3997

✍ NCDEX WEEKLY LEVELS WEEKLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20-OCT-14

601

587

573

566

559

552

545

531

517

SYBEANIDR

20-NOV-14

3507

3370

3233

3142

3096

3005

2959

2822

2685

RMSEED

20-OCT-14

3895

3790

3685

3641

3580

3536

3475

3370

3265

JEERAUNJHA

20-OCT-14

12023

11703 11383

11181

11063 10867 10743 10423 10103

DHANIYA

20-OCT-14

12966

12631 12296

12098

11961 11763 11626 11291 10956

CASTORSEED

20-OCT-14

4740

4534

4210

4122

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4238

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4004

3916

3710

3504

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✍ MCX DAILY LEVELS DALLY

EXPIRY

ALUMINIUM

R4

R3

R2

R1

PP

S1

S2

S3

S4

28-AUG-14 130.10

128.75

127.40

126.75

126.05

125.40

124.70

123.35

122

COPPER

29-AUG-14 449

443

436

433

430

427

424

417

411

CRUDE OIL

19-AUG-14 6144

5967

5820

5732

5673

5585

5526

5379

5232

GOLD

03-OCT-14 28041

27834

27627

27511

27420

27304

27216

27006

26799

LEAD 28-AUG-14 140.35 . NATURAL GAS 26-AUG-14 244.35

138.05

135.75

134.40

133.45

132.05

131.15

128.85

126.55

239.85

235.35

232.65

230.85

228.15

226.35

221.85

217.35

NICKEL

1201

1188

1184

1175

1171

1162

1149

1136

R3

R2

R1

PP

S1

S2

S3

S4

28-AUG-14 1214

✍ MCX WEEKLY LEVELS WEEKLY

EXPIRY

ALUMINIUM

28-AUG-14 135.75

132.60

129.45

127.60

126.30 124.45

123.15

120

116.85

COPPER

29-AUG-14 455

444

436

432

427

423

418

409

400

CRUDE OIL

19-AUG-14 6354

6135

5916

5780

5697

5561

5478

5259

5040

GOLD

03-OCT-14 29475

28829

28201

27798

27564

27161

26927

26290 25653

LEAD

28-AUG-14 145

141

137

135

134

131

130

126

122

NATURAL GAS

26-AUG-14 295

275

255

242

235

222

215

195

175

NICKEL

28-AUG-14 1323

1270

1215

1197

1161

1143

1107

1053

999

SILVER

5-SEPT-14

44106

42902

42100

41697

40895

40492

39287 38082

ZINC

28-AUG-14 154

151

147

145

144

142

140

137

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R4

45315

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133

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MCX - WEEKLY NEWS LETTERS ✍ International News 1.

Payrolls handling company ADP said private-sector payrolls improved by 204,000 last 30 days after increasing by 212,000 in This summer, with gains spread across a range of sectors. The Work Division, meanwhile, said initial statements for state lack of employment benefits increased 4,000 to a seasonally modified 302,000 for the 7 days finished Aug. 30, a little bit above objectives but remaining at levels consistent with shrinking labor market circumstances.

2.

The European Central Bank cut rates to a fresh record low on Friday and released a new plan to force cash into the flagging European area economic system.

3.

Crude inventories fell by 905,000 barrels in the a couple weeks ago, in contrast to analysts' objectives for an loss of 1.1 million barrels. Gasoline stocks USOILG=ECI fell by 2.3 million barrels, compared with analysts' expectations in a Reuters poll for a 1.3 million barrel drop.

SOURCES : Reuters

✍ Precious Metals Silver fallen on Thursday as the western dropped against the money after the European Main Financial institution cut attention levels to record levels and said it would release an resource purchase program to prevent deflation. Early benefits in U.S. stocks motivated by powerful U.S. services industry activity also reduced bullion's safe-haven attraction. ECB Chief executive Mario Draghi, discussing at a news meeting soon after the ECB suddenly cut already ultra-low attention levels by another 10 basis points, said the central bank would start buying securitized loans and protected ties next month. U.S. nonfarm payrolls data due on Saturday is predicted to give further clues about the world's biggest economic system and the moment of the Federal Reserve's move to increase attention levels. Gold dropped on Thursday on better than predicted US financial information and the ECB interest rate cut. Data revealed U.S. companies employed employees at a stable video in August and services industry action multiplied to 6-1/2-year high, assurances the financial system was on monitor for durable development in the third one fourth. That perspective was strengthened by other information on Friday displaying only a slight increase in the number of People in America processing for unemployment benefits a week ago and a reducing in the business lack to its lowest point in six months in This summer. We expect gold prices to trade on the adverse note in next week the on back of improving US economy and ECB’s financial policy. ✍ Base Metals Nickel Price risen to their maximum in seven several weeks on Thursday as traders came back to the market on problems that the Philippines could follow Malaysia in prohibiting natural ore exports. Prices hopped 2.8 percent on Wed on the news that a Filipino senator had suggested a ban on raw materials

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exports. Copper rebounded from two-week levels and other components also rose after the Western Main Bank cut interest levels to new record lows to support the stagnating European area economic system. More accommodate financial plan could free up assets for industry and traders, assisting components costs. We anticipate Base Metal price to trade on the combined note the unwanted supply could move price and increase in liquidity could push price up.

✍ Energy Crude oil trading lower on Thursday after a shock rate cut from the Western Main Financial institution enhanced the money and hit commodities priced in the U.S. forex . The ECB cut rates to a history low, suddenly bringing borrowing costs close to zero to raise rising costs from rock-bottom levels and assistance the stagnating European area economic system. The failures, however, were restricted by a fall in U.S. oil inventories, with information from the U.S. Energy Information Management (EIA) showing a 905,000-barrel fall last week. U.S. fuel inventories decreased 2.3 million barrels. Natural Gas trading finished down five pennies on Thursday on forecasts contacting for moderating climate and a bigger-than-expected storage develop. The U.S. Energy Information Management said resources included 79 billion cubic legs of gas into storage space a couple weeks ago. That was over analyst estimates for a develop of 73 bcf. It was also over develops in the before week of 75 bcf, 60 bcf in the same A week a year ago and a regular of 56 bcf over the past five years. MDA Weather Services prediction warmer-than-normal climate on the East and Western shorelines over the next five times before chilly weather takes over the Mid-Continent and Eastern over the following six to 15 days.

NCDEX - WEEKLY NEWS LETTERS ✍ NCDEX Circular

✍ Trading and Clearing Members are requested to note that the Exchange, as per the Bye-laws, Rules and Regulations of the Exchange and with the approval of the Forward Markets Commission, has modified the contract specification in the JEERA futures contracts (Symbol: JEERAUNJHA) expiring in the months of January 2015 and thereafter. ✍ The contract expiring in the month of January 2015 will be available for trading from September 01, 2014. Contracts for further expires will be launched as per the enclosed contract launch calendar. ✍ Currently, JEERA futures contracts (Symbol: JEERAUNJHA) expiring in September 2014, October 2014, November 2014 and December 2014 are available for trading and would continue to be traded as per existing contract specifications

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✍ CHANA Market keep falling for Chana as deficiency of powerful requirement amid higher shares and Monsoon revival kept Kharif Impulses leads on the higher side—keeping overall Pulses market emotions poor. Absence of powerful requirement among rains in Main and North-West India supporting the Kharif Impulses crop prospects however kept overall trend poor. The household demand has increased in the mandis but that got adversely impacted at the higher levels as investors patiently waited for some dips before starting clean demand in the mandis. The psychological resistance stages of 3000 shown to be too powerful for the markets to break a couple weeks ago. The planting for Kharif Impulses has picked up over last few several weeks and that had been avoiding strong uptrend for Chana prices despite improved requirement in mandis. Repeated efforts by the Government to keep tab on hoarders—mainly for essential Food products are also maintaining the uptrend restricted. As per newest reviews of planting of kharif plants as on 29th Aug, kharif planting place was standing at 966.25 lakh hectare. It is revealed that pulses has been planted in 95.40 lakh ha vs 100.64 lakh ha same time last year. On Worldwide front side, Australian Chana manufacturing allegedly has fallen by 23%. A drop in Money vs Re has kept the transfer price of Pulses from Myanmar, Sydney and Canada low leading to further weakening of industry sentiments  ✍ SOYABEAN / REFI. SOYA Soya oil mandi costs on Friday in after a tightening opening ended in red due to heavy selling stress both on the domestic and worldwide marketplaces. The excellent climate in soy bean increasing areas likely to create stress available on the industry costs. The worldwide marketplaces decreased as excellent climate for collect shifted into the US areas. Soybean exports from the U.S. are set to speed up in the next few several weeks as farm owners collect the biggest plants. U.S. soy bean exports will go up to a record 46.3 thousand measurement plenty in the 2014-15 market-ing year that starts September. 1 from 44.65 thousand plenty the year before. Global soy bean outcome will total 306.7 thousand plenty. US soy bean crop is likely to be discarded quickly in the first four to six several weeks of the new year as Brazil’s stocks are low. Soybean costs have decreased 21 % this year as beneficial U.S. increasing climate enhanced oil seed and feed development. Oil World reports U.S. soy bean production at 103.85 thousand plenty in 2014-15, in line with USDA’s fore-cast and 13 % bigger than the year before. Soya bean marketplaces finished on a poor observe as soyameal requirement from exporters decreased. India's soyameal exports in Aug decreased to 2,778 loads com-pared with 183,965 loads a year ago. There is anticipations that the plants routes will late by a month which can drive the prices northern. Monsoon rain fall gets an prolonged stay in the Native Indian peninsula which is likely to back up a late sowing; as per IMD, the lack of rain fall lack of decreased to 14% as on 4th September, from the western monsoon. International manufacturing of oil seeds such as soy beans, rapeseed and sunflower will achieve a Web: www.ways2capital.com

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history 507.2 thousand measurement plenty, 18.1 thousand plenty more than the past all-time high last season as per Oil world. The stockpiles are likely to stay around 99.6 thousand plenty at the end of 2014-15, 18 percent more than the season before. The most excellent increase in oil seed manufacturing is set to happen in the U.S.A., where excellent varying temperature is seen leading to history results in per hectare not only in soy beans but also maize. A history oil seed plants has also been expanded in the Western Partnership this season.

� RM SEED RM seed mandis did open a company observe but due to restricted trading action from customers front side kept the industry emotions low. However, the requirement for food from exporters will assistance the way up force to the industry costs in the coming several weeks. The routes stayed in the range of 50,000 – 60,000 purses of 85Kg each. Global production of rapeseed and canola will decline to 68.7 million tons from 69.7 million tons as. The harvest in Canada, the top export-er, is expected to decrease 20 percent from the prior year to 14.4 million tons. EU output will reach a record 23.54 million tons from 21.25 million tons a year earlier amid increasing harvests in Germany, France, Poland and the U.K. Rapeseed prices in EU dropped due to spillover weakness from soybeans As per Solvent Extractors Association of India (SEA) data bank, the imports of Rape oil are steadily on the rise and have significantly increased by more than 11 times from 7,943 MT to 103,003 MT. Though oil meal exports dipped for the third consecutive month due to rise in soybean prices, but the rapeseed meal has increased 53 per cent to 408,410 tonnes from 267,461 tonnes in last four months.

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� This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisory Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices. Any investment in commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer.

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