Know About Various Commodity News at Market On Mobile
Marketonmobile is a one-stop destination for live stock, commodity
prices, business news and analysis. Apart from the live stock and
commodity prices from the BSE, NSE, MCX and NCDEX we also provide
daily market outlook and commodity trading calls.
What Are Commodities
Commodities are the raw materials which people use either
for direct or indirect consumption. By direct consumption
its means - food for sustaining ourselves. In-direct,
consumption is for our own well-being and necessity.
Commodities have been part of human life ever since life
came into existence.
Know About Different Kinds of Commodities
Commodities can be broadly classified into four categories - metals,
energy, food & edibles and non-food commodities. Metals, energy
and non-food commodities are used by humans for external purpose
like construction, power etc. On the other hand, food & edibles - are
the agriculture based commodities which are used for direct
Metals - are again classified into two segments - base metals
and precious metals. In base metals - we have all the
construction related metals - ferrous and non-ferrous both like the Iron Ore, Lead, Nickel, Copper, Aluminium and Zinc.
Under precious metals - the bullion - like Gold, Silver and
Platinum gets classified.
We could have still been in the rock-age had energy not been discovered. The
cars we drive and electricity, gas we consume are part of the energy-based
commodity - viz - Crude Oil and Natural Gas. Both these commodities are one
of the most volatile commodities because of the demand, supply and global
worries factor. We all know that the Middle East is the largest producer of
energy, while the western world is the major consumer.
All the vegetables, livestock, pulses and grains fall under this
category. Although all are not traded on the exchanges. Some of the
food commodities available for trading are as follows - Chana,
Turmeric, Pepper, Sugar, refined soya oil etc. Almost all the food
commodities are traded in the spot market, with reference prices
from various Mandis in the country.
Apart from Food commodities, there are other agriculture
based products which get termed into non-food
commodities. For e.g. Cotton, Rubber and Kapas. Most of
the noon-food commodities futures are very illiquid due to
lower trader interest.
One can open a trading account with any of the registered broker or subbroker with the MCX or NCDEX exchange and start trading for a low
deposit of Rs 5000 or so. Some of the prominent names are as follows Angel Commodity, Bonanza, Geojit BNP Paribas, ICICIComtrade, India
Infoline, Religare and Sharekhan.
Since commodities are mostly a futures market, one just has to pay the
margin money to take position in any of the trade. The normal margin for
each of the commodities varies between 3-5 per cent of the contract value. In
case, the commodity price is highly volatile, the exchange levies additional
margin as spam margin, which can be around 2-5 per cent more.
The MCX (Multi Commodity Exchange) and the NCDEX (National
Commodity Derivatives Exchanged) are two of the major commodity
exchanges in India. Commodities like - Gold, Silver, Crude Oil, Natural
Gas, Copper, Lead and Nickel are some of the most actively traded
commodities on the MCX. Whereas agri-based commodities like Guar
seed, Guar gum, cotton, Kapaskhali and castor seeds are some of the
actively traded commodities on the NCDEX.
Contact Marketonmobile to know about different commodity section news and
advice on the hottest trending commodities like Gold and Silver and some of
the hot commodities.
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