✍ MCX DAILY LEVELS DAILY
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31 AUG 2015 106
105
103
102
101
100
99
98
96
COPPER
31 AUG 2015 359
351
343
340
335
332
327
319
311
CRUDE OIL
19 AUG 2015 2964 2877
2790
2737
2703
2650
2616
2529
2442
GOLD
05 OCT 2015 2857 28098 7
27619
27429
27140
26950
26661
26182
25703
LEAD
31 AUG 2015 120
117
115
114
112
111
109
106
103
25 SEP 2015
196
191
186
183
181
178
177
172
167
NICKEL
31 AUG 2015 738
716
694
684
672
662
650
628
606
SILVER
04 SEP 2015 3953 38430 4
37326
36763
36222
35659
35118
34014
32910
121
119
117
115
114
110
107
NATURAL GAS
ZINC
31 AUG 2015 127
124
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31 AUG 2015
108
106
103
102
101
100
99
96
94
COPPER
31 AUG 2015
369
357
345
340
333
328
321
309
297
CRUDE OIL
19 AUG 2015
3308
3125
2942
2848
2759
2665
2576
2393
2210
GOLD
05 OCT 2015 29583 28564
27545
27197
26526
26178
25507
24488
23469
LEAD
31 AUG 2015
127
122
117
114
111
109
106
101
96
NATURAL GAS
25 SEP 2015
204
197
190
187
183
180
176
169
162
NICKEL
31 AUG 2015
756
732
708
693
684
669
660
636
SILVER
04 SEP 2015 41294 39447
37600
36954
35753
35108
33906
32059
30212
123
120
118
116
113
108
103
ZINC
31 AUG 2015
132
127
612
✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 OCT 2015
584
580
576
573
572
569
568
564
560
SYBEANIDR
20 OCT 2015
3272
3225
3178
3151
3131
3104
3084
3037
2990
RMSEED
18 SEP 2015
4422
4375
4328
4306
4281
4259
4234
4187
4140
JEERAUNJHA
18 SEP 2015
18151 17541
16931
16563
16321 15953 15711 15101
14491
CHANA
18 SEP 2015
4882
4813
1744
4701
4675
4632
4606
4537
4468
CASTORSEED
18 SEP 2015
4264
4205
4146
4109
4087
4050
4028
3969
3910
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 OCT 2015
606
594
582
577
570
565
558
546
534
SYBEANIDR
20 OCT 2015
3407
3316
3225
3175
3134
3084
3043
2952
2861
RMSEED
18 SEP 2015
4619
4490
4361
4305
4232
4176
4103
3974
3845
JEERAUNJHA
18 SEP 2015
19638 18448
17258
16786
16068 15596 14898 13688
12498
CHANA
18 SEP 2015
5321
5108
4895
4794
4682
4581
4469
4256
4043
CASTORSEED
18 SEP 2015
4410
4313
4216
4155
4119
4058
4022
3925
3828
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS ✍ Gold falls by 0.2% on global cues Gold prices fell by Rs 50 to Rs 25,958 per 10 grams in futures trade on Wednesday amid a weak global trend. At Multi Commodity Exchange, gold for October contacts fell by Rs 50, or 0.19%, to Rs 25,958 per 10 grams in a business turnover of 354 lots. On similar lines, the precious metal for delivery in December was trading down by Rs 43, or 0.16%, to Rs 26,171 per 10 grams in 32 lots. Fall in gold futures to a weak global trend as investors await the release of Federal Reserve minutes which may give further clues on the timing of an interest rate increase. Globally, gold was little changed at $1,117.71 an ounce in Singapore today.
✍ Zinc falls by 0.2% on global cues Zinc futures traded 0.21% lower at Rs 119.15 per kg on mondaty as speculators trimmed positions, tracking a weak global trend. Zinc for delivery in August declined by 25 paise, or 0.21%, to Rs 119.15 per kg at the Multi Commodity Exchange. It clocked business turnover of 417 lots. Likewise, the metal for delivery in the September contracts softened by 15 paise, or 0.12%, to Rs 120 per kg in 12 lots. Weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets as investors await US manufacturing, inflation and housing data this week that may give more clues on the timing of a Federal Reserve rate rise.
✍ Base metals hit multi year low on Chinese demand concerns Base metals hit multi-year lows on the London Metal Exchange (LME) due to heightening risk of a demand slowdown from China, the world’s largest producer and consumer. The recent devaluation of the Chinese yuan will make base metals’ costlier and poses a risk to their imports into China. Copper slipped below the psychological barrier of $5,000 a tonne before recovering to settle at $5,007 on Wednesday. The metal had touched this level last in July 2009 following the crash in financial markets after the collapse of Lehman Brothers.
Metals are falling in anticipation of falling consumption and swelling supply as global producers have not announced any major output cuts despite incurring losses at prevailing prices. Oversupply of most base metals is likely, resulting in a further fall in prices. China is the primary factor contributing to base metals fall. The last stimulus by the Chinese government pulled back markets. Then the devaluation followed. More than China’s weakening economy, the devaluation of the yuan pressured metals. Following copper, aluminium prices also fell to $1,522, their lowest level since June 2009. Aluminium has declined 17 per cent this year. Zinc and nickel also settled at $1,776 a tonne and $10,330 a tonne on the LME, their lowest levels since August 2012 and April 2009, respectively. While copper reported a 21 per cent decline, zinc and nickel have plunged 18 per cent and 31 per cent, respectively, in 2015. Growing risk that copper prices would fall further because of a Chinese hard landing. Its baseline scenario was for China’s growth to slow to 6.8 per cent and copper consumption to ease to 4 per cent
✍ Copper up on positive global cues Copper futures on Thursday rose by 50 paise to Rs 328.85 per kg on the back of pick up in spot demand and positive cues from overseas markets. At the Multi Commodity Exchange, copper for delivery in August was trading higher 50 paise to Rs 328.85 per kg with a turnover of 1,402 lots. Similarly, the metal for delivery in far-month November was up 45 paise to Rs 335.05 per kg with a trade volume of 20 lots. Globally, copper for three-month delivery added as much as 0.5% to $5,018 a tonne on the London Metal Exchange (LME). Analysts attributed the rise in copper at futures trade to a firming trend on the LME where it snapped a five-day decline as weaker-than-expected inflation figures from the US trimmed bets on a September interest rate increase and the dollar weakened. Besides, pick-up in spot demand at domestic markets supported the upside, they said.
✍ Lead falls by 0.4% on weak global cues Lead fell 0.45% to Rs 109.75 per kg in futures trade on Wednesday after participants reduced exposure amid a weak trend overseas and sluggish domestic demand.
At Multi Commodity Exchange, lead for delivery in current month contract was trading 50 paise, or 0.45%, down at Rs 109.75 per kg in a business turnover of 949 lots. Metal for delivery in September fell by a similar margin to trade at Rs 110.85 per kg in 42 lots. Besides weak demand from battery-makers in the domestic spot market, weakness in base metals at the London Metal Exchange on concern that demand may falter in China as an equity rout resumed weighed on lead futures here.
� Oil rebounds from 6-yr low Crude oil rebounded from the lowest level in more than six years, as investors cut bets for a US interest-rate increase in September, sending the dollar lower. West Texas Intermediate (WTI) futures rose as much as 1.3 per cent, as the falling US currency increased the appeal of commodities as a store of value. Slower global economic growth might cause the US Federal Reserve to delay a move, as the minutes released on Wednesday showed officials were concerned about low inflation. Oil has traded in a bear market since July on signs the oversupply will be prolonged and as concern grows that emerging economies will weaken. US crude supplies are almost 100 million barrels above the five-year seasonal average, while some leading members of the Organization of Petroleum Exporting Countries are maintaining near-record production. WTI for September delivery, which expires on Thursday, rose 23 cents, or 0.6 percent, to nearly $41 a barrel at 11:59 am on the New York Mercantile Exchange. It earlier fell to $40.21, the lowest since March 2009. The volume of all futures traded was 25 per cent above the 100-day average. The more-active October contract increased 21 cents to $41.5. Brent for October settlement declined nine cents to nearly $47 a barrel on the London-based ICE Futures Europe exchange. It reached $46.3, the lowest level since January 14. The European benchmark crude traded at a $5.59 premium to the October WTI contract. WTI dropped 4.3 percent Wednesday after U.S. crude supplies expanded by 2.62 million barrels last week, the most since April, according to Energy Information Administration data. Stockpiles at Cushing, Oklahoma, the delivery point for WTI futures and the biggest U.S. oil-storage hub, rose by 326,000 barrels to 57.4 million through Aug. 14, A disruption at BP Plc's Whiting plant in Indiana meant about 1.5 million barrels of oil didn't get consumed last week. Inventories at Cushing may expand further as refiners perform seasonal maintenance.
✍ NCDEX - WEEKLY NEWS LETTERS ✍ Progressive monsoon to push jeera sowing A normal progressive monsoon has increased the possibility of better sowing and higher production of jeera (cumin) for the next season of 2015-16. Good availability of water might increase sowing area in the next season, thereby pushing up jeera production if all goes well during growing period. Sowing of jeera takes place during October-November, while harvest starts from March. Since jeera, which is sowed mostly in Gujarat and Rajasthan, is a rabi crop, monsoon plays a crucial role in the crop’s overall success. South-west monsoon has been near-normal so far with sowing of most of the kharif crops being higher than last year. “Farmers have received good prices for jeera and this may encourage them to sow more in the upcoming sowing season. Moreover, good rains have enhanced irrigation scenario which may further improve jeera acreage on an average by 20 per cent as against last year. Ample showers received in Rajasthan and Gujarat, the main jeera growing area, during June and July, might ensure good sowing of jeera. Moreover, normal rains during August and September, too, will influence sowing progress of jeera in non-irrigated fields. “In the current scenario, a better picture of monsoon has emerged and we expect jeera production to be around 400,000 tonnes for 2015-16. According to Gujarat government data, till recently, jeera sowing acreage had declined 42 per cent to 264,000 hectares against 454,000 hectares last year. Similarly, in Rajasthan, the area declined by 10-15 per cent during this rabi season. According to Angel Commodity report, uptrend in jeera prices in domestic market has been observed since November 2014 on account of lower and delayed sowing due to poor monsoon and lower price realisation by the farmers last year. In the current year, on expectation of lower output and export demand, spot and futures prices had touched all time high of Rs 18,538 a quintal and Rs 18,700 a quintal, respectively, in May. After attaining highest levels, prices have been in downward trend now. Jeera prices have corrected by 14.4 per cent to Rs 15,862 a quintal in spot and by 21.6 per cent to Rs 14,660 a quintal in futures. Despite the fall, jeera prices have ruled at 39 per cent and 30 per cent levels higher in spot and futures markets, respectively, than what they were at the start of the jeera sowing season in November last year, the Angel Commodity report stated. According to the Spices Board, India exported 155,500 tonnes of jeera in 2014-15, 28 per cent higher than last year's exports of 121,500 tonnes. India mainly exports jeera to Vietnam, the US, United Arab Emirates, Egypt, Nepal, Spain, Brazil and the UK. Jeera is the second largest spice exported from the country after chilli.
� Chana up 1% as spot demand picks up Chana rose further 1.04 per cent to Rs 4,779 per quintal in futures trade on wednesday as traders widened their holdings, triggered by rising demand at the spot markets. Moreover, restricted supplies from producing belts coupled with lower estimated output too supported the uptrend. At the National Commodity and Derivatives Exchange, chana for August delivery rose by Rs 49, or 1.04 per cent, to Rs 4,779 per quintal, with an open interest of 3,750 lots. Similarly, chana for delivery in September was higher by Rs 42, or 0.89 per cent, to Rs 4,769 per quintal, with an open interest of 1,58,120 lots. Rising demand at domestic spot markets mainly supported the upside in chana futures here.
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