Weekly commodity report


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Weekly commodity report

  1. 1. IPrateekj1618julyWEEKLY COMMODITY REPORT2810.06.2013RESEARCH VIA
  2. 2. S I L V E RG O L D-D A I L Y B U Z ZBase Metals & EnergyPrecious MetalsGold prices today extended losses for the third straight session by losing Rs 50 to Rs 26,950per 10 grams on slackened demand at prevailing higher levels amid a weak global trend.However, silver found some buying support from industrial units and recovered by Rs 100 to Rs44,100 per kg.Traders said slackened demand at prevailing higher levels amid a weak global trend mainly keptGold prices while silver recovered on some buying from industrial units.Gold in London, which normally sets the price trend on the domestic front, lost 0.1 per cent toUSD 1,389.43 an ounce.On the domestic front, gold of 99.9 and 99.5 per cent purity shed another by Rs 50 each to Rs26,950 and Rs 26,750 per 10 grams, respectively. It had lost Rs 50 in last two day. Sovereignsheld steady at Rs 23,700 per piece of eight grams.On the other hand, mcx silver ready recovered by Rs 100 to Rs 44,100 per kg and weekly-based delivery by Rs 155 to Rs 43,325 per kg. The white metal had lost Rs 300 yesterday.Although, silver coins remained stable at Rs 75,000 for buying and Rs 76,000 for selling of 100pieces.PAGE 1
  3. 3. C O P P E RC R U D E O I LD A I L Y B U Z ZCopper futures are trading higher in the domestic market on Friday as investors and speculatorscreated fresh positions in the base metal amid a pickup in physical demand for copper in the domesticspot market. However, a spate of weak economic data from the US, the world’s second biggest copperconsuming 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 thefastest pace since February 2011 in April, while manufacturing in the Philadelphia region shrank thismonth. The number of Americans who filed for unemployment benefit claims jumped to the highestlevel in six weeks, up 32,000 to a seasonally adjusted 360,000 last week, signalling a slowing labourmarket recovery.At the MCX Copper futures, for the June 2013 contract, is trading at Rs 404.10 per kg, up by 0.90 percent, after opening at Rs 401.40, against a previous close of Rs 400.50. It touched an intra-day high ofRs 406.30. (At 15:59 PM).Base Metals & Energy
  4. 4. CHANADHANIYAAgro OutlookD A I L Y B U Z ZCoriander prices rose by Rs 86 to Rs 6,776 per quintal in futures trade today, as speculatorscreated fresh positions driven by pick-up in spot demand.The sentiment further improved as a result of limited stocks position on account of restrictedarrivals from major growing areas.At the National Commodity and Derivative Exchange, coriander for July delivery rose byRs 86, or 1.29 per cent to Rs 6,776 per quintal, with an open interest of 22,290 lots.Similarly, the spice for delivery in June rose by Rs 83, or 1.26 per cent, to Rs 6,678 per quintal,with an open interest of 12,610 lots.
  5. 5. AGRO COMMODITIESCOMMODITY CLOSING PRICE TREND S2 S1PIVOTPOINTR1 R2GOLD27586 DOWN 26397 26992 27545 28140 28693SILVER43014 DOWN 41629 42321 43533 44225 45437CRUDE OIL5514 UP 5069 5291 5413 5635 5757COPPER413.25 DOWN 402.52 407.88 417.37 422.73 432.22NICKEL863.30 UP 821.17 842.23 860.37 881.43 899.57NATURAL GAS220.10 UP 209.43 214.77 222.13 227.47 234.83LEAD123.70 UP 120.10 121.90 125.15 126.95 130.20ZINC107.65 UP 105.05 106.35 108.75 110.05 112.45ALLUMINIUM109.45 UP 109.18 109.32 109.48 109.62 109.78COMMODITY CLOSING PRICE TREND S2 S1 PIVOTPOINTR1 R2CHANA 3389 DOWN 3299 3344 3409 3454 3519SOYA BEAN 3903 UP 3795 3849 3907 3961 4019JEERA 13102 DOWN 12764 12933 13214 13383 13664PEPPER 35500 SIDEWAYS 34250 34875 35625 36250 37000TURMERIC 5980 UP 5491 5735 5997 6241 6503RM SEED 3514 DOWN 3437 3476 3520 3559 3603SOYA REF OIL 699.6 UP 688.60 694.10 699.25 704.75 709.90M E T A L S & E N E R G YMarket Statistics
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