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RESEARCH VIA

18july

WEEKLY COMMODITY REPORT

2808.07.2013


Precious Metals GOLD

SILVER

D A I L Y

B U Z Z

Both the precious metals, gold and silver, extended losses for the second day in the national capital today on sustained selling by stockists in tandem with a weakening global trend. While gold fell by Rs 95 to Rs 26,625 per 10 grams, silver lost Rs 170 to Rs 40,430 per kg on poor offtake by industrial units and coin makers. The sentiment remained weak after gold fell in global markets as the dollar surged to three years high after US payrolls rose more than forecast in June, fueling speculation that the Federal Reserve will scale back stimulus, traders said. Gold in New York, which normally sets the price trend on the domestic front, slumped 3.1 per cent to $ 1,212.70 an ounce after touching $ 1,206.90, the lowest since June 28. Silver also tumbled 4.9 per cent to $ 18.73 an ounce, the biggest decline since June 20. On the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs 95 each to Rs 26,625 and Rs 26,425 per 10 grams, respectively. It had lost Rs 110 yesterday. Sovereigns remained stable at Rs 24,000 in scattered deals. Similarly, silver ready lost another Rs 170 to Rs 40,430 per kg, while weekly-based delivery received by Rs 365 to Rs 40,270 per kg, respectively. The white metal had lost Rs 800 in the previous session. On the other hand, silver coins held steady at Rs 78,000 for buying and Rs 79,000 for selling of 100 pieces.


Base BaseMetals Metals&&Energy Energy -

COPPER

PAGE 1

CRUDE OIL

D A I L Y

B U Z Z

Copper futures are trading higher in the domestic market on Friday as investors and speculators created fresh positions in the base metal amid a pickup in physical demand for copper in the domestic spot market. However, a spate of weak economic data from the US, the world’s second biggest copper consuming nation, dimmed the demand outlook for the base metal, trimming gains. Unemployment claims in the US rose to the highest level in six weeks, housing starts declined at the fastest pace since February 2011 in April, while manufacturing in the Philadelphia region shrank this month. The number of Americans who filed for unemployment benefit claims jumped to the highest level in six weeks, up 32,000 to a seasonally adjusted 360,000 last week, signalling a slowing labour market recovery. At the MCX, Copper futures, for the June 2013 contract, is trading at Rs 404.10 per kg, up by 0.90 per cent, after opening at Rs 401.40, against a previous close of Rs 400.50. It touched an intra-day high of Rs 406.30. (At 15:59 PM).


Agro Outlook CHANA

DHANIYA

DHA YA D A I L Y

B U Z Z

Cardamom continued its upward journey for the fifth day with prices rising by Rs 16.20 to Rs 774.90 per kg in futures trade today as speculators engaged in enlarging positions on the back of strong demand in the spot markets. On the Multi Commodity Exchange, cardamom for July delivery rose by Rs 16.20, or 2.13 per cent, to Rs 774.90 per kg in a business volume of 909 lots. The spice for delivery in June higher by Rs 9.60, or 1.30 per cent, to Rs 750 per kg in trading volumes of 27 lots.


Market Statistics COMMODITY

CLOSING PRICE

3002 CHANA COMMODITIES AGRO

TREND

S2

S1

PIVOT POINT

R1

R2

DOWN

2876

2939

3028

3091

3180

SOYA BEAN

3670

UP

3529

3599

3646

3716

3763

JEERA

13320

DOWN

12890

13105

13265

13480

13640

TURMERIC

5732

UP

5357

5545

5855

6043

6353

RM SEED

3442

DOWN

3346

3394

3422

3470

3498

SOYA REF OIL

688.1

UP

663

676

683

695

703

METALS & ENERGY

COMMODITY

CLOSING PRICE

TREND

S2

S1

PIVOT POINT

R1

R2

GOLD

26034

UP

25157

25595

26013

26451

26869

SILVER

40285

UP

38790

39538

40657

41405

42524

CRUDE OIL

6363

DOWN

5444

5903

6172

6631

6900

COPPER

417.60

DOWN

394.13

405.87

416.03

427.77

437.93

NICKEL

818.90

UP

790.50

804.70

825.80

840.00

861.10

NATURAL GAS

221.90

DOWN

207.03

214.47

218.63

226.07

230.23

LEAD

125.25

UP

119.52

122.38

124.37

127.23

129.22

ZINC

112.30

UP

107.43

109.87

111.68

114.12

115.93

ALLUMINIUM

107.50

UP

102.30

104.90

107.15

109.75

112.00


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