I Prateekj16 18july

RESEARCH VIA

DAILY COMMODITY REPORT

2815.04.2013

Precious Metals
G

SILVER

GOLD

Silver prices fell by 0.76 per cent to Rs 51,280 per kg in futures trade today as speculators offloaded their positions in tandem with a weak global trend. At the Multi Commodity Exchange, silver for delivery in May month fell by Rs 394, or 0.76 per cent to Rs 51,280 per kg in business turnover of 18,304 lots. Similarly, the white metal for delivery in July declined by Rs 397, or 0.75 per cent to Rs 52,285 per kg in 1,256 lots.
Gold futures in India, the world's biggest buyer of the metal, hovered around their lowest level in a week, though prices were on track for a 2-per cent fall this week. At 0808 GMT, the actively traded gold for June delivery on the Multi Commodity Exchange (MCX) was down Rs 21 at Rs 29,163 per 10 grams. It had touched a low of Rs 29,055 in the previous session, a level last seen on April 5. A stronger rupee weighed on sentiment. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal.

D A I L Y

B U Z Z

Base Metals & Energy

-

COPPER

CRUDE OIL

D A I L Y

B U Z Z

Lead futures prices today rose by 0.26 per cent to Rs 113.95 per kg as speculators enlarged their positions triggered by a firming trend overseas and rising spot demand. At the Multi Commodity Exchange, lead for delivery in April traded 30 paise, or 0.26 per cent higher at Rs 113.95 per kg, with a turnover of 5,541 lots. The metal for delivery in May also rose by 25 paise, or 0.22 per cent, to trade at Rs 114.80 per kg, in a business turnover of 118 lots. At the London Metal Exchange (LME), lead gained 0.20 per cent to $ 2,094 per tonne.
Copper prices slipped on Thursday as concerns about the outlook for demand and global oversupply weighed on sentiment although some optimism about China's economic revival helped cushion falls. Three-month copper on the London Metal Exchange traded at $7,544.50 in official rings, down from Wednesday's close at $7,575. Prices hit a two-week high of $7,645.25 this week, rebounding from 8-month lows at the start of April, but traders said they are selling into rallies.

The metal used in power and construction is down by almost 5 percent this year. PAGE 2

Agro Outlook
CHANA DHANIYA

DHANIYA

D A I L Y

B U Z Z

Cardamom prices drifted by Rs 5 to Rs 844.50 per kg in futures trade today on adequate stocks on increased arrivals from producing regions against subdued demand in the spot market. At the Multi Commodity Exchange, cardamom for delivery in April weakened by Rs 5, or 0.59 per cent to Rs 844.50 per kg in business turnover of 160 lots. Similarly, the spice for delivery in May traded lower by Rs 3.50, or 0.40 per cent to Rs 871 per kg in 579 lots. Jeera prices rose by Rs 42.50 to Rs 13,820 per quintal in futures market today after participants built up fresh speculative positions on the back of export demand. However, expectations of higher production and supplies from new season crop, limited the gains. At the National Commodity and Derivatives Exchange, jeera for delivery in May rose by Rs 42.50, or 0.31 per cent to Rs 13,820 per quintal with an open interest of 14,085 lots. Likewise, the spice for delivery in June gained Rs 37.50, or 0.27 per cent to Rs 14,025 per quintal in 5,181 lots.

Market Statistics
M ETALS & ENERGY
COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2

GOLD SILVER CRUDE OIL COPPER NICKEL NATURAL GAS LEAD ZINC ALLUMINIUM
COMMODITY

28180 49430 4984 404.65 865.50 231.30 111.00 100.90 100.25

CLOSING PRICE

DOWN DOWN DOWN DOWN DOWN UP DOWN DOWN DOWN

TREND

27374 47365 4859 396.08 851.03 223.77 108.87 98.53 98.68

S2

27777 48398 4921 400.37 858.27 227.53 109.93 99.72 99.47

S1

28503 50032 5004 407.13 871.63 229.97 111.52 101.23 100.93

PIVOT POINT

28906 51065 5066 411.42 878.87 233.73 112.58 102.42 101.72

R1

29632 52699 5149 418.18 892.23 236.17 114.17 103.93 103.18

R2

CHANA SOYA BEAN JEERA PEPPER TURMERIC RM SEED SOYA REF OIL
Country
USD USD

3670 3956 13778 35635 7054 3614 708.90 Data/Event

UP DOWN DOWN DOWN UP DOWN UP

3627 3879 13659 35185 6898 3584 703.03 Previous

9.2 25.7B

3649 3918 13718 35410 6976 3599 705.97 Forecast

7.2 41.3B

3686 3970 13822 35635 7028 3623 709.73

3708 4008 13881 35860 7106 3638 712.67

3745 4060 13984 36085 7158 3662 716.43

Time of Release (IST)

6.00 P.M 6.30 P.M

Empire State Manufacturing Index TIC Long-Term Purchases

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