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RESEARCH VIA

18july

DAILY COMMODITY REPORT

2807.05.2013


Precious Metals G

SILVER

GOLD

D A I L Y

B U Z Z

Gold futures extended gains on Monday, helped by a weaker rupee and firm overseas markets, driving away importers seeking to stock for the upcoming festival. At 0932 GMT, the most-active gold contract for June delivery on the Multi Commodity Exchange (MCX) was 0.62 per cent up at Rs 27,130 ($500) per 10 grams. The rupee, which hit its highest level in a week, plays an important role in determining the landed cost of the dollar-quoted yellow metal. In the overseas markets, gold edged higher, with some buyers tempted back to the market after a second week of gains suggested last month's price slide to a more than two-year low has run its course for now. Silver prices moved up by 0.23 per cent to Rs 45,282 per kg in futures trading today as speculators created fresh positions, taking a positive cues from overseas markets. At the Multi Commodity Exchange, silver for delivery in July rose by Rs 105, or 0.23 per cent, to Rs 45,282 per kg in business turnover of 5,365 lots. Likewise, the white metal for delivery in September traded higher by Rs 80, or 0.17 per cent, to Rs 46,086 per kg in 133 lots.


Base Metals & Energy COPPER

CRUDE OIL

-

D A I L Y

B U Z Z

Crude oil futures prices rose by over 1 per cent to Rs 5,195 per barrel today as speculators engaged in creating positions, driven by a firming trend in Asia after strong US jobs report. At the Multi Commodity Exchange, crude oil for delivery in May gained Rs 52, or 1.01 per cent, to Rs 5,195 per barrel, with a business turnover of 33,307 lots. Likewise, the oil for June delivery also moved up by Rs 51, or 0.99 per cent, to Rs 5,223 per barrel in 3,886 lots. MCX Lead gained 0.77 per cent to Rs 110.95 per kg in futures trade today, after speculators enlarged positions amid rising domestic demand and a firming trend overseas. At the Multi Commodity Exchange, lead for delivery in June edged up by 85 paise, or 0.77 per cent, to Rs 110.95 per kg, with a business turnover of 168 lots. The metal for delivery in May also rose by 75 paise, or 0.68 per cent, to Rs 110.30 per kg in a turnover of 4,053 lots.


Agro Outlook DHANIYA

CHANA

DHANIYA

D A I L Y

B U Z Z

Coriander prices plummeted by Rs 206 to Rs 6,488 per quintal in futures trading today as speculators reduced positions following adequate stocks in the spot market and fall in export. Marketmen said slid in export demand and mounting stocks in physical markets mainly pulled down coriander prices here in future markets. At the National Commodity and Derivatives Exchange, coriander for current May contract slipped by Rs 206, or 3.08 per cent, to Rs 6,488 per quintal, with an open interest of 6,360 lots. Near June contract plunged by Rs 209, or 3.08 per cent, at Rs 6,585 per quintal, having an open interest of 33,470 lots. Turmeric prices declined by 3.33 per cent to Rs 6,220 per quintal in futures trade today as speculators trimmed their positions, triggered by increased supplies from the new season crop in the spot markets Besides, subdued overseas demand also weighed on the turmeric prices. At the National Commodity and Derivatives Exchange, turmeric for delivery in June month fell sharply by Rs 214, or 3.33 per cent to Rs 6,220 per quintal with an open interest of 28,440 lots. Similarly, the spice for delivery in May traded Rs 194,or 3.07 per cent lower at Rs 6,120 per quintal in an open interest of 2,930 lots.


Market Statistics M ETALS & ENERGY COMMODITY

CLOSING PRICE

TREND

S2

S1

PIVOT POINT

R1

R2

GOLD

27096

DOWN

26883

26989

27112

27218

27341

SILVER

45168

DOWN

44511

44839

45234

45562

45957

CRUDE OIL

5196

UP

5105

5151

5186

5232

5267

COPPER

396.85

DOWN

391.92

394.38

396.82

399.28

401.72

NICKEL

818.50

DOWN

807.77

813.13

818.57

823.93

829.37

NATURAL GAS

216.80

DOWN

212.80

214.80

217.40

219.40

222.00

LEAD

110.40

DOWN

108.73

109.57

110.23

111.07

111.73

ZINC

101.30

DOWN

100.27

100.78

101.27

101.78

102.27

ALLUMINIUM

100.90

DOWN

99.83

100.37

100.83

101.37

101.83

COMMODITY

CLOSING PRICE

TREND

S2

S1

PIVOT POINT

R1

R2

CHANA

3371

UP

3336

3353

3386

3403

3436

SOYA BEAN

4009

DOWN

3914

3961

3989

4036

4064

UP

12619

12703

12812

12896

13004

JEERA

12787.5

PEPPER

36050

DOWN

35317

35683

35992

36358

36667

TURMERIC

6090

UP

5890

5990

6162

6262

6434

RM SEED

3384

DOWN

3359

3372

3396

3409

3433

SOYA REF OIL

718.5

UP

714.87

716.68

719.02

720.83

723.17


Country

Data/Event

USD

IBD/TIPP Economic Optimism

Previous

Forecast

Time of Release (IST) 6.30 P.M

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