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Commodity report daily 16 may 2013
- 2. S I L V E R G G O L D D A I L Y B U Z Z Precious Metals MCX Gold today witnessed its second biggest loss this year of Rs 600 to Rs 27,300 per 10 grams due to reduced offtake amid weak global trend. Silver prices followed suit and dropped by a massive Rs 800 to Rs 44,700 per kg on reduced offtake by jewellers and industrial units. This is gold's second biggest fall this year since since April 15, when it had plunged by Rs 1,160 to Rs 26,640 per 10 grams. Besides, shifting of funds from weakening bullion to rising equity also influenced the precious metals. On the domestic front, mcx gold of 99.9 and 99.5 per cent purity tumbled by Rs 600 each to Rs 27,300 and Rs 27,100 per 10 grams, respectively, after surging Rs 380 each in yesterday. Sovereigns, however, held steady at Rs 24,000 per piece of eight grams in scattered deals. In a similar fashion, mcx silver ready plunged by Rs 800 to Rs 44,700 per kg and weekly- based delivery by Rs 930 to Rs 43,940 per kg.However, silver coins continued to be asked around previous level of Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
- 3. -C O P P E R C R U D E O I L Base Metals & Energy D A I L Y B U Z Z Zinc futures prices today edged up by 0.10 per cent to Rs 101.40 per kg amid a firm global trend, as speculators enlarged positions. At the Multi Commodity Exchange, zinc for delivery in June up by 10 paise, or 0.10 per cent, to Rs 101.40 per kg, with a business turnover of 25 lots. The metal for delivery in May gained 5 paise, or 0.05 per cent to Rs 100.25 per kg, with a business turnover of 602 lots. Brent futures slipped towards $102 a barrel on Wednesday on concerns about rising supplies from the United States and a bleak outlook for global demand growth. Brent is down some 14 percent from its 2013 peak as China demand weakens and US stockpiles touch record levels, while the latest International Energy Agency (IEA) report on rising US shale oil production further dampened sentiment. Oil has also faced pressure from a stronger US dollar in the last few sessions. Brent crude slipped 20 cents to $102.40 a barrel by 0632 GMT, after settling 22 cents lower. US oil fell 12 cents to $94.09, declining for a fifth straight day, matching a similar losing streak in December. Prices were also under pressure from the latest data out of Europe that showed Germany narrowly skirted a recession in the first quarter. PAGE 1
- 4. CHANA DHANIYA DHANIYA Agro Outlook D A I L Y B U Z Z Coriander prices fell by Rs 78 to Rs 6,770 per quintal in futures trade today as speculators reduced their positions on sluggish spot demand. The sentiment also weakened following adequate stocks availability in the physical market. At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 78, or 1.13 per cent, to Rs 6,770 per quintal with open interest of 27,980 lots. The spice of May delivery declined by Rs 50, or 0.73 per cent to Rs 6,766 per quintal in open interest of 1,250 lots. Turmeric prices declined by 0.48 per cent to Rs 5,806 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 export demand also weighed on the Turmeric prices. At the National Commodity and Derivatives Exchange, turmeric for delivery in June fell Rs 28, or 0.48 per cent, to Rs 5,806 per quintal with an open interest of 24,830 lots. Similarly, the spice for delivery in far-month July traded Rs 22, or 0.37 per cent lower at Rs 5,910 per quintal, with an open interest of 8,370 lots.
- 5. COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2 GOLD 26310 DOWN 25885 26097 26401 26613 26917 SILVER 43314 DOWN 42079 42696 43568 44185 45057 CRUDE OIL 5160 DOWN 5015 5087 5137 5209 5259 COPPER 397.40 DOWN 389.27 393.33 396.67 400.73 404.07 NICKEL 816.30 DOWN 803.37 809.83 819.57 826.03 835.77 NATURAL GAS 222.70 DOWN 217.50 220.10 221.90 224.50 226.30 LEAD 107.85 UP 105.85 106.85 107.60 108.60 109.35 ZINC 99.45 UP 97.45 98.45 99.50 100.50 101.55 ALLUMINIUM 100.20 UP 98.00 99.10 100.20 101.30 102.40 COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2 CHANA 3423 UP 3380 3401 3420 3441 3460 JEERA 13182.5 DOWN 13068 13125 13188 13245 13308 RM SEED 3513 UP 3482 3497 3507 3522 3532 PEPPER 35805 DOWN 35608 35707 35903 36002 36198 SOYA REF OIL 697 UP 692.40 694.70 696.50 698.80 700.60 SOYBEAN 3927 DOWN 3894 3910 3928 3944 3962 TURMERIC 5784 UP 5679 5731 5805 5857 5931 M E T A L S & E N E R G Y Market Statistics
- 6. Country Data/Event Previous Forecast Time of Release (IST) USD Building Permits 0.91M 0.94M 6.00 P.M USD Core CPI m/m 0.1% 0.2% 6.00 P.M USD Unemployment Claims 323K 332K 6.00 P.M USD Philly Fed Manufacturing Index 1.3 2.5 7.30 P.M Disclaimer: All data and reports at Research Via are only information services for subscribers and are not individualized recommendations to buy or sell securities, nor offers to buy or sell securities. Under any circumstances the subscription amount paid to Research Via are not refundable. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. This Website is for information purposes only. The information contained on this should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for the units of the schemes of Research Via. Research Via is neither responsible nor liable for third party content provided or content from any other aspect of any other Website, which may be accessed from this Website. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the site. Although Research Via attempts to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform Research Via so that it can be corrected. Research Via and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research Via is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails. Research Via is not responsible for the content of any of the linked sites. By providing access to other web-sites, Research Via is neither recommending nor endorsing the content available in the linked websites.