COMMODITY WEEKLY REPORT
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MCX DAILY AND WEEKLY LEVELS DALLY
EXPIRY
R4
ALUMINIUM
30JUN14 115.20 112.80 110.40 108.90 108
106.50 105.60 103.20 100.80
COPPER
30JUN14 416
410
403
399
397
393
390
384
377
CRUDE OIL
19JUN14 6588
6481
6374
6332
6267
6225
6160
6053
5946
GOLD
5AUG14 27363
26983 26603 26466
26223 26086
25843
25463 25083
LEAD
30JUN14 132
129
126
124
122
120
119
116
113
NATURAL GAS 25JUN14 318
305
291
286
277
272
263
249
236
NICKEL
30JUN14 1182
1144
1105
1087
1067
1049
1029
991
953
SILVER
5JUL14 43447
42635 41823 41537
41011 40725
40199
39387 38575
ZINC
30JUN14 133
129
126
124
123
121
120
117
114
WEEKLY
EXPIRY
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
30Apr14 126
121
115
111
109
106
103
98
92
COPPER
30JUN14 425
417
408
404
399
395
390
392
373
CRUDE OIL
19JUN14 7347
6995
6643
6521
5291
6169
5939
5587
5235
GOLD
5AUG14 28913
28064 27215 26921
26366 26072
25517
24668 23819
LEAD
30Jun14 139
134
129
126
124
121
119
114
109
NATURAL GAS 25JUN14 336
317
298
291
279
272
261
242
223
NICKEL
30JUN14 1332
1250
1168
1124
1085
1041
1003
921
838
SILVER
5JULY14 47011
45091 43171 42523
41251 40603
39331
37411 35491
ZINC
30JUN14 138
133
124
119
115
R4
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R3
|
R2
129
R1
126
PP
S1
S2
122
Mail: info@ways2capital.com
|
S3
S4
111
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NCDEX DAILY AND WEEKLY LEVELS DAILY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
18JULY14
687
682
677
675
672
670
667
662
659
SYBEANIDR
18JULY14
4431
4381
4331
4305
4281
4255
4231
4181
4131
RMSEED
18JULY14
3530
3508
3487
3477
3466
3456
3445
3424
3403
JEERAUNJHA
18JULY14
11656 11476 11296 11188 11116 11008 10936 10756 10576
DHANIYA
18JULY14
10971 10441 10511 10403 10281 10173 10051 9821
9551
CASTORSEED
18JULY14
4486
4407
4328
4284
4249
4205
4170
4091
4012
WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
18JULY14
721
703
685
680
667
661
649
631
613
SYBEANIDR
18JULY14
4665
4540
4415
4347
4290
4222
4165
4040
3915
RMSEED
18JULY14
3661
3592
3523
3495
3454
3426
3385
3316
3247
JEERAUNJHA
18JULY14
12416 11951 11486 11283 11021 10818 10556 10091 9626
DHANIYA
18JULY14
12466 11711 10956 10625 10201 9870
9446
8691
7936
CASTORSEED
18JULY14
4923
3951
3708
3465
4680
4437
4339
4194
4096
MCX WEEKLY NEWS LETTERS 1.
WORLD NEWS
•
Europe Industrial production increased by 0.8 percent in April from 0.4 percent in March.
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•
US Retail sales rose by 0.3 percent in May from 0.5 percent in April.
•
US Core Retail Sales increased by 0.1 percent in May from 0.4 percent in April.
•
US Unemployment Claims increased to 317,000 for the week ending 6th May 2014 from 313,000 in preceding week.
•
US Business Inventories accelerated by 0.6 percent in April from 0.4 percent in March.
•
India’s Industrial Output up 3.4 pct in April compared with 0.5 pct drop in March.
•
India’s inflation eased to 8.28 percent in May from 8.59 percent in previous month.
•
President Barack Obama on Thursday threatened U.S. military strikes in Iraq against Sunni Islamist militants who have surged out of the north to menace Baghdad and want to establish their own state in Iraq and Syria. (Source : Reuters)
2.
Precious Metals
A spot gold price increased by 1.0 percent in yesterday’s trading session as the rise in Geopolitical tension in Iraq upsurge the demand for safe haven. Further, weakness in DX and rise in risk aversion in the global markets boosted yellow metal safehaven appeal. Additionally, weak retail sales data supported prices to trade in green. In the Indian Markets, gold prices increased by 0.99 percent in yesterday’s trading session taking cues from Intl Spot Gold Prices. However, appreciation in the Indian Rupee prevented sharp upside in the prices. Gold prices touched an intraday high of 26360/10gms and closed at 26330/10gms. We expect spot gold prices to trade on the positive note as the Rise in Geopolitical tension in Iraq may upsurge the demand for safe haven. Further, weakness in DX and unsatisfactory data from US may support prices to trade in green. Additionally, expectation of strong economic data from US and China may cap sharp upside in the prices. In the Indian Markets depreciation in the Indian Rupee may support prices
3.
Base Metals
Base Metals on LME traded on negative note on the back weak economic data from US added downside pressure on the prices. However, positive industrial production data from Europe, weakness in DX and decline in LME inventory cushioned sharp fall in the prices. LME Copper decreased by 0.84 percent on the back of uncertainty about the impact of an investigation into metal financing at China’s thirdlargest port. In the Indian Markets copper prices fell by 0.96 percent in yesterday’s trading session taking cues from LME prices. Further, appreciation in the Indian Rupee added downside pressure on the prices. MCX Copper touched an intraday low of 394.6/kg and closed at 395.8/kg 4.
Energy
Crude oil prices rose by 2.04 percent in yesterday’s trading session on the back of weakness in DX and decline in EIA crude oil inventories. Further, rise in worries over oil disruption from Iraq due to geopolitical tension supported prices to trade in green. weak retail sales data from US and rise in oil production caped sharp rise in the prices. In the Indian Markets, crude oil price increased by 1.55 percent taking cues from NYMEX crude oil
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prices. However, appreciation in the Indian Rupee capped sharp upside in the prices. Crude oil prices touched an intraday high of 6309/bbl and closed at 6290/bbl. We expect NYMEX crude oil prices to trade on positive note on the back of rise in worries over oil disruption from Iraq due to geopolitical tension. Weakness in DX and decline in EIA crude oil inventories may provide support to the prices. In the Indian Markets depreciation in the Indian Rupee may support prices. 5.
Natural Gas
Natural Gas prices increased by 5.63 percent in yesterday’s trading session on the back of weakness in DX and lesser than expected storage build. However, forecast of moderate weather and estimated rise in supply from EIA capped sharp upside in the prices. In the Indian Markets, a Natural gas price increased by 4.68 percent in yesterday’s trading session taking cues from NYMEX prices. However, appreciation in the Indian Rupee capped sharp upside in the prices. Natural Gas prices touched an intraday high of 282.1/mmbtu and closed at 281.9/ mmbtu. NCDEX WEEKLY NEWS LETTERS 1.
CHANA
•
Chana Futures on NCDEX moved higher on talks that buying interest from millers and stockists could be seen at lower levels.
•
Volumes improved by 2.3% compared to previous trading day. However, OI declined from previous trading day.
•
According to Directorate General of Commercial Intelligence and Statistics (DGCIS), Indian imports of Pulses was seen at 2,882,374 MT April 2013February 2014 period compared to 3,531,962 MT seen during the same time last year. Data also showed that total Pulses imports in February 2014 were 243,306 MT vs. 164,718 seen in February 2013.
Stock position of Chana at NCDEX approved warehouses in MT Location 11Jun14
10Jun14
Bikaner 51957 52048 Delhi
65655 65514
Indore 1671 Total
1671
119283 119233
Net Chg. % Chg.
91 0.17 141 0.22 Unchanged 50 0.04
Comments: Key supports are at 2824 and 2760. Key resistances are at 2892 and 2931.
2.
SOYABEAN AND RM SEED
•
Indian oil seed complex closed in positive territory yesterday on gains in overseas edible oil prices.
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•
According to 3rd Advance estimates released by GoI, India’s output for the following crops in 201314 year are: Soybean 11.95 million MT, RM Seed – 7.83 million MT.
•
Soy meal exports from India, fell sharply to 8,226 MT in May from 96,492 MT a year earlier. India's oil meal exports dropped 9.8% from a year earlier to 4.3 million MT in the 2013/14 fiscal year that ended in March.
•
According to SEA, India imported 819K MT of edible oils in April 2014 vs. 832K MT in March 2014 and 641K MT in April 2013.
India Physical Market Rates Date
Commodity
Rate
Units
12Jun14 Soybean Indore
4364.00 Rs.
/ 100 Kg
12Jun14 Soybean Kota NCDEX
4505.75 Rs.
/ 100 Kg
12Jun14 Soybean Nagpur NCDEX
4284.00 Rs.
/ 100 Kg
12Jun14 Refined Soy oil Indore NCDEX 694.00 Rs.
/ 10 Kg
12Jun14 Refined Soy oil Mumbai NCDEX 666.75 Rs.
/ 10 Kg
12Jun14
/ 10 Kg
Refined Soy oil Nagpur NCDEX 684.00 Rs.
12Jun14 Soybean meal Indore NCDEX
38500.00 Rs.
/ MT
Warehouse Inventory NCDEX Warehouse Inventory Soybean Akola 10254
12875
Soybean Sagar 0
0
TOTAL SOYBEAN RM Seed Alwar
10254 12875
1737
1737
RM Seed Jaipur 55949
55969
RM Seed Kota 14068
14068
RM Seed Sri Ganganagar 4519
4570
RM Seed Bikaner 8050
8050
RM Seed Bharatpur 370
370
TOTAL RM Seed 84743
84814
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