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Daily Commodity Report 2 April
Daily Commodity Report 2 April
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HEADLINES
Gold stretches gains as weak U.S. data hits dollar. Gold extended gains, with the dollar dropping after disappointing U.S. data stoked concerns about a patchy recovery in the world's largest economy. But investors were loth to build positions too much ahead of payrolls data on Friday, which will shed more light on the strength of the U.S. pickup. Gold had added $3.01 an ounce to $1,601.4 . It rallied to a 1-month high in March on worries about fiscal stability in Europe, as politicians scrambled to clinch a bailout for Cyprus. Copper Tumbles to Seven-Month Low as Metals Fall on Factory Data Copper dropped for a third day to the lowest level in more than seven months as manufacturing in the U.S. and China, the biggest users, grew less than forecast.
TRADING TIP:
Sell Crude Oil Apr Below 5270 TGTS-5240/5200 SL-5310 Buy Zinc Apr Above 103.30 TGTS 104.30/105.30 SL- 102.70
Aluminum declined to the cheapest since October as metals fell. The copper contract for three-month delivery lost as much as 1.3 percent to $7,442.50 a metric ton on the London Metal Exchange, the lowest price since Aug. 21, before trading at $7,465.25 by 11:06 a.m. in Tokyo. Aluminum slid as much as 0.4 percent to $1,896 a ton and traded at $1,898. The bourse was closed and on March 29 for public holidays.
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
4560 5120
4532 5018 1178 14800 1041 -2.10 42435 0.10 781.3 4315 -0.10 4540 0.30 1282 0.10
-0.61 -1.99 -0.46 -1.68 -0.76 5285.00 0.11 912.30 -0.2 0.28 52725.00 -2.66 29486.00 2.89 115.00
Symbol
Expiry Date
PCP
% Change
LTP
KAPAS
Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012
19-Apr-13 42300 42555 30-Apr-13 780.5 783.6 4309 4-May-13 4330 4600 4676 5-Apr-13 1251 30-Apr-13 1282
5400.00 42250 42390 911.50 777.4 782.85 4265.5 53072.00 4303 4518 4664 29394.00 1251 114.85 1246
Zinc
30-Apr-13
102.90
0.20
103.10
Copper
30-Apr-13
410.20
-0.50
408.00
Aluminium
30-Apr-13
103.65
0.30
104.00
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ANALYSIS
OPEN: 29452 HIGH: 29519 LOW: 29362 CLOSE: 29486
ANALYSIS
OPEN: 53205 HIGH: 53251 LOW: 52554 CLOSE: 52725
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