✍ MCX DAILY LEVELS DAILY
R2
R1
PP
S1
S2
S3
S4
102.35
101.90
101.45
101
100
99.65
98.75
346
342
340
338/
336
334
330
326
CRUDE OIL
19 AUG 2015 2967 2902
2837
2812
2772
2747
2707
2642
2577
GOLD
05OCT 2015 2641 26212 0
26014
25892
25718
25694
25618
25420
25222
LEAD
31 AUG 2015 119
117
115
114
113
112
111
109
107
NATURAL GAS 26 AUG 2015 191
188
185
183
182
180
179
176
173
710
700
696
690
686
680
670
660
36620
36021
35690
35091
34760
33830
32900
121
120
119
118
117
115
113
ALUMINIUM COPPER
EXPIRY DATE R4
R3
31 AUG 2015 104. 103.25 15 31 AUG 2015 350
NICKEL
31 AUG 2015 720
SILVER
04 SEP 2015 3848 37550 0
ZINC
31 AUG 2015 125
123
✍ MCX WEEKLY LEVELS WEEKLY
R2
R1
PP
S1
S2
S3
S4
31-AUG-2015 109.80 106.90
104
102
101
99.90
98.40
95.50
92.70
COPPER
31-AUG-2015 374
361
348
343
335
330
322
309
296
CRUDE OIL
19-AUG-2015 3354
3173
2992
2890
2811
2709
2630
2449
2268
GOLD
05-OCT-2015 29034 27876
26718
26244
25560
25086
24402
23244
22086
LEAD
31-AUG-2015 130
124
118
116
112
110
106
100
94
NATURAL GAS 26-AUG-2015 214
204
194
188
184
178
174
164
154
789
741
717
693
669
645
597
549
37556
36489
35223
34156
32890
30557
28224
125
122
117
114
109
101
93
ALUMINIUM
EXPIRY
R4
R3
NICKEL
31-AUG-2015 837
SILVER
04-SEP-2015 42222 39889
ZINC
31-AUG-2015 141
133
✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 OCT 2015
576
572
568
566
564
562
560
556
552
SYBEANIDR
20 OCT 2015
3332
3264
3196
3154
3128
3086
3060
2992
2924
RMSEED
18 SEP 2015
4310
4265
4220
4191
4175
4146
4130
4085
4040
JEERAUNJHA
18 SEP 2015
16140 15890
15640
15495
15390 15245 15140 14890
14640
CHANA
18 SEP 2015
4687
4643
4599
4584
4555
4540
4511
4467
4423
CASTORSEED
18 SEP 2015
4224
4183
4142
4123
4101
4082
4060
4019
3978
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20-AUG-2015
592
582
572
568
562
558
552
542
532
SYBEANIDR
20-AUG-2015
3602
3439
3276
3194
3113
3031
2950
2787
2624
RMSEED
18-SEP-2015
4540
4409
4278
4220
4147
4089
4016
3885
3754
JEERAUNJHA
18-SEP-2015
17500 16765
16030
15690
15295 14955 14560 13825
13090
CHANA
18-SEP-2015
5100
4901
4702
4635
4503
4436
4304
4105
3906
CASTORSEED
18-SEP-2015
4544
4383
4222
4163
4061
4002
3900
3739
3578
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS ✍ DOMESTIC DEMAND DROPPED OF GOLD Consumer demand in India for gold had dropped by 25 per cent during the calendar year’s second quarter (April-June) to 154.5 tonnes, from 204.9 tonnes a year before.In dollar terms, says the World Gold Council (WGC), it dropped by 30 per cent to $5.9 billion during the quarter as compared to $8.5 bn a year before. The demand forecast is 900-1,000 tonnes in 2015 (calendar year) as compared to 841 tonnes in 2014. The fall in China’s consumer demand during the quarter from a year before was only five per cent.Looking ahead, there are encouraging signs in moving into what are traditionally the busiest quarters for gold buying in India and China. China has remained much ahead of India in terms of gold demand. In the June quarter, it was 230 tonnes, compared to 154.5 tonnes. Till 2012, China was trailing India.Extreme weather patterns overshadowed rural demand in the quarter, which had a direct impact on incomes among the rural population (more than half of India’s demand). Smuggling was 175 tonnes last year and would be lower this year, substantially due to better enforcement, demand not driving towards a huge premium and official supplies (enough importers) also available. Jewelry demand at some high-end, branded chain stores in larger cities saw modest growth. This contrasted with sizable losses suffered by small, independent jewelers in Tier-II and Tier-III cities. During April–June, jewelry retailer Titan declared it had been one of the toughest quarters for the company, as sentiment was so weak. Jewelry sales volumes dropped by 10 per cent year-on-year. Their Gold plus range, designed for ‘semi-urban and rural customers, was one of the poorest performing, with sales value down 24 per cent over a year. While wedding-related demand was affected, An interesting trend is the rapid growth of door (a semi-pure alloy of gold and silver, usually created at the mine site and then transported to a refinery for further purification) as a proportion of imports; this element grew five-fold, from 9.2 tonnes in Q2 of 2014 to 55.8 tonnes. This might have been driven by refiners actively seeking out supplies of door, to make the most of the difference between duties on these and bullion imports. In any case, the groundswell of these imports have contributed to the inventory overhang. Indian jewelry demand over these six months declined a modest seven tonnes from a year before. With Diwali heralding the onset of the wedding season in mid-November, prospects for the year's second half are supportive, particularly with the local price having dropped
substantially in recent weeks. Investment demand in India is, however, at a six-year low. Despite reasonable levels of interest around Akshaya Tritiya in April, this demand contracted for a third quarter in a row, declining 30 per cent to 36.5 tonnes. Uncertain price expectations were a factor, as was the stock market, which has continued to capture the attention of investors with its continued strong performance. The weak rural economy played a further role. Those rural investors most affected by the Q1 rains were more inclined to sell gold to supplement declining incomes than make fresh purchases.
� Silver Silver prices were down by Rs 307 to Rs 35,784 per kg in futures trade on Thursday, tracking a weak trend overseas coupled with profit-booking by speculators.In futures trading, silver for delivery in September lost Rs 307 or 0.85 per cent to trade at Rs 35,784 per kg in a business turnover of 1,075 lots.Similarly, the white metal for delivery in December declined by Rs 298 or 0.81 per cent to Rs 36,553 per kg in a business volume of 32 lots.In Singapore, silver traded 0.74 per cent lower at USD 15.42 an ounce.Apart from profit-booking by participants, a weak trend in precious metals in the Asian region led to the fall in silver prices in futures trade here.
� Crude Oil Oil prices extended losses in Asia on Wednesday as dealers worried about China's economy following its surprise currency devaluation, while oversupply concerns also added to downward pressure.US benchmark West Texas Intermediate (WTI) for September delivery fell five cents to $43.03 while Brent crude for September slipped 35 cents to $48.83 in late-morning trade. WTI yesterday sank to its lowest level since March 2009, while Brent also fell in London, after China's central bank moved to devalue its currency by nearly two percent against the US dollar.The People's Bank of China again lowered the daily fix that sets the value of the Chinese currency against the greenback today by 1.62%, sending a new shock wave through financial markets.The Chinese yuan continues to weaken for the second day, which could suggest further weakening of oil prices.
Investors fear Beijing's move signal led concerns over growth in the world's second-largest economy and top energy consumer, which came after data published over the weekend showed a slump in Chinese trade.It also pushed up the greenback, which strengthened further against Asian currencies today, which hurts dollar-denominated commodity prices by making them more expensive for international buyers.
✍ Aluminium Aluminium prices fell 0.64 per cent to Rs 101.65 per kg in futures trade on Thursday after traders reduced their exposure amid weak global cues. Besides, sluggish demand in the domestic spot market weighed.At Multi Commodity Exchange, aluminum for delivery this month eased 65 paise, or 0.64 per cent, to Rs 101.65 per kg in a business turnover of 181 lots. Similarly, the metal for delivery in September traded lower by 55 paise, or 0.53 per cent, to Rs 103.30 per kg in nine lots.Weakness in base metal pack at the LME as China's yuan slid for the third day after its worst loss since 1994 and muted demand at the domestic spot market kept up the pressure.Meanwhile, aluminum prices fell 0.3 per cent at LME.
✍ Copper Extending its slide, copper futures fell by another 0.96% to Rs 329.20 per kg on Wednesday as speculators engaged in trimming positions after China lowered the yuan against the dollar for the second straight day amid subdued demand at the domestic spot markets.Copper for delivery this month fell by Rs 3.20, or 0.96% to Rs 329.20 per kg at the Multi Commodity Exchange in a business turnover of 3,293 lots.The metal for delivery in far-month November shed Rs 3.25, or 0.96%, to Rs 336.50 per kg in a business volume of 187 lots.Weakening trend in base metals at the London Metal Exchange (LME) after China devalued its currency against the dollar for the second day , reflecting a slower outlook for growth as the central bank stuck to its plan to give market forces more sway in determining the exchange rate, put pressure on copper futures here.The currency weakened 1.6% to 6.4264 per dollar after a 1.8% tumble on Tuesday.Globally, copper for delivery in three months traded was trading 1% lower at LME.
✍ NCDEX - WEEKLY NEWS LETTERS ✍ Refined soya Refined soya oil eased by 0.46 per cent to Rs 559.70 per 10 kg in futures market on Thursday as traders trimmed position amid ample stocks on higher supplies from producing regions against low demand.At National Commodity and Derivatives Exchange, refined soya oil for delivery in October fell Rs 2.60, or 0.46 per cent to Rs 559.70 per 10 kg with an open interest of 90,025 lots.Similarly, the oil for delivery in August shed Rs 2.20, or 0.38 per cent to Rs 578.05 per 10 kg in 55,090 lots.Offloading of positions by participants triggered by sufficient stocks against easing demand at the spot market mainly kept pressure on refined soya oil prices in futures trade.
✍ Chana Chana prices were down 0.86 per cent to Rs 4,477 per quintal in futures trade on Thursday as speculators booked profits at prevailing levels.Besides, easing demand at the spot market, weighed on the prices.At the National Commodity and Derivative Exchange, chana for delivery in August drifted by Rs 39, or 0.86 per cent to Rs 4,477 per quintal with an open interest of 12,960 lots.Similarly, the commodity for delivery in September traded lower by Rs 35, or 0.77 per cent to Rs 4,483 per quintal in 1,60,290 lots.Besides profit-booking by speculators at existing levels, fall in demand at the spot market mainly pulled down chana prices in futures trade.
✍ Jeera Jeera prices were up 0.60 per cent to Rs 15,050 per quintal in futures trade on monday as traders widened positions, driven by pick up in demand in the spot market.Besides, restricted supplies from growing regions supported the upside.At the National Commodity and Derivatives Exchange, jeera for delivery in September month rose by Rs 90, or 0.60 per cent to Rs 15,050 per quintal with an open interest of 14,628 lots. Likewise, the spice for delivery in August contracts traded higher by Rs 80, or 0.55 per cent to Rs 14,755 per quintal in 7,653 lots.The rise in jeera futures prices to pick up in demand in the spot market against tight supplies from producing belts.
✍ Castorseed Castor seed prices fell by 0.08 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for August 2015 contract was trading at Rs. 3,985 per quintal tonnes, down by 0.08 per cent, after opening at Rs. 3,980 against the previous closing price of Rs. 3,988. It touched the intraday low of Rs. 3,980.
✍ Rape Mustard seed Mustard seed prices closed higher by 1.45 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for August 2015 contract closed at Rs. 4,137 per quintal, up by 1.45 per cent, after opening at Rs. 4,061 against the previous closing price of Rs. 4,078. It touched the intraday high of Rs. 4,154. India produces 5.5 million MT to7 million MT annually and about 0.15 million MT is retained for sowing and direct consumption as seed which leaves about 4.8-5.1 million MT for crushing and extracting oil.
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