Commodity report daily 28 may 2013Document Transcript
IPrateekj1618julyDAILY COMMODITY REPORT2828.05.2013RESEARCH VIA
S I L V E RGG O L DD A I L Y B U Z ZPrecious MetalsMCX Gold fell on Tuesday as Asian stock markets and the dollar firmed after a turbulentweek, undermining the metals appeal as a safe haven and prompting more selling in bullion-backed exchange traded funds.Demand in the physical market continued to hold prices near $1,400 an ounce as the recentdrops in the spot market lured buyers to invest in bullion.Spot gold fell 0.26 percent to $1,390.71 an ounce by 0230 GMT, after gaining more than half apercent on Monday. It rose 2 percent last week - its strongest weekly percentage gain in amonth - though the metal is down 17 percent for the year.US gold rose 0.22 percent to $1,389.60. "The paper market is dropping but we are seeing adifferent story in the physical market," said Zane Lim, regional manager of operations atSingapore-based dealer BullionStar. "Everybody is buying and no one is selling."Bullion is being sold at high premiums compared to spot prices as there is not enough supply inthe market to meet the strong demand.Gold prices remain near a two-year low of $1,321.35 hit in mid-April as investors flock tohigher-yielding stocks. PAGE 1
-C O P P E RC R U D E O I LBase Metals & EnergyD A I L Y B U Z ZPAGE 2Crude oil futures prices today fell by 0.80 per cent to Rs 5,227 per barrel, after speculatorsreduced exposures amid weak trend in Asian trade.At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 41, or 0.80 percent, to Rs 5,227 per barrel in 8,397 lots.Oil for the July delivery contracts moved down by Rs 38, or 0.72 per cent, to Rs 5,256 per barrelin a turnover of 609 lots.The trading sentiment turned weak at futures trade as crude prices declined in Asian trade,dragged down by prospects of weaker crude demand form China and a buildup in US stockpiles,analysts said.Meanwhile, crude oil for the July delivery dropped 64 cents to $ 93.51 a barrel on the NewYork Mercantile Exchange.
CHANA DHANIYADHANIYAAgro OutlookD A I L Y B U Z ZChana prices fell by 0.80 per cent to Rs 3,352 per quintal in futures trade today on profit-booking by speculators amid subdued demand in physical markets.Increased supply from major producing regions of Madhya Pradesh and Rajasthan also putpressure on chana futures prices.At the National Commodity and Derivative Exchange, chana for the July deliverydeclined by Rs 27, or 0.80 per cent, to Rs 3,352 per quintal, with an open interest for 90,950lots.Similarly, chana for the June delivery fell by Rs 26, or 0.79 per cent, to Rs 3,275 per quintal in1,22,070 lots.Menthol prices fell by Rs 10 per kg in the national capital today owing to reduced offtake byconsuming units amid adequate stocks.Increased arrivals from producing belts in Uttar Pradesh and weakening trend in futures marketalso weighed on the menthol prices.Menthol bold crystal, flake and mentha oil prices fell by Rs 10 each to settle at Rs 1,220, Rs 1,120and Rs 970 per kg, respectively.
COMMODITY CLOSING PRICE TREND S2 S1PIVOTPOINTR1 R2GOLD26446 DOWN 26308 26377 26433 26502 26558SILVER43610 DOWN 43253 43431 43587 43765 43921CRUDE OIL5218 DOWN 5181 5200 5225 5244 5269COPPER407.30 DOWN 404.83 406.07 407.13 408.37 409.43NICKEL818.60 UP 812.47 815.53 819.17 822.23 825.87NATURAL GAS239.30 UP 232.30 235.80 237.80 241.30 243.30LEAD115.55 UP 114.55 115.05 115.45 115.95 116.35ZINC101.80 UP 101.23 101.52 101.73 102.02 102.23ALLUMINIUM101.05 UP 100.48 100.77 101.03 101.32 101.58COMMODITY CLOSING PRICE TREND S2 S1 PIVOTPOINTR1 R2CHANA 3283 UP 3250 3267 3287 3304 3324JEERA 13215 DOWN 13090 13153 13243 13305 13395RM SEED 3456 UP 3429 3443 3467 3481 3505SOYA REF OIL 706.5 UP 701 704 706 709 712SOYBEAN 3803 DOWN 3754 3779 3809 3833 3863TURMERIC 5878 UP 5745 5811 5891 5957 6037M E T A L S & E N E R G YMarket Statistics
Country Data/Event Previous Forecast Time of Release (IST)GBP MPC Member Tucker Speaks 10.30 P.MUSD CB Consumer Confidence 68.1 70.7 7.30 P.MDisclaimer:All data and reports at Research Via are only information services for subscribers and arenot individualized recommendations to buy or sell securities, nor offers to buy or sellsecurities. Under any circumstances the subscription amount paid to Research Via are notrefundable. Investment in equity shares, futures, options and commodities has its own risks.Sincere efforts have been made to present the right investment perspective. The informationcontained 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 forpersonal information and we are not responsible for any loss incurred due to it & take noresponsibility whatsoever for any financial profits or loss which may arise from therecommendations above.This Website is for information purposes only. The information contained on this shouldnot be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation forthe units of the schemes of Research Via. Research Via is neither responsible nor liable forthird party content provided or content from any other aspect of any other Website, whichmay be accessed from this Website. A possibility exists that the site could includeinaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletionsor alterations could be made by third parties to the site. Although Research Via attemptsto ensure the integrity, correctness and authenticity of the site, it makes no guaranteeswhatsoever as to its completeness, correctness or accuracy. In the event, that such aninaccuracy arises, please inform Research Via so that it can be corrected.Research Via and its owners/affiliates are not liable for damages caused by anyperformance, failure of performance, error, omission, interruption, deletion, defect, delay intransmission or operations, computer virus, communications line failure, and unauthorizedaccess to the personal accounts. Research Via is not responsible for any technical failure ormalfunction 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 ofany of the linked sites. By providing access to other web-sites, Research Via is neitherrecommending nor endorsing the content available in the linked websites.