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Commodity report daily 16 may 2013


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Commodity report daily 16 may 2013

  1. 1. IPrateekj1618julyDAILY COMMODITY REPORT2816.05.2013RESEARCH VIA
  2. 2. S I L V E RGG O L DD A I L Y B U Z ZPrecious MetalsMCX Gold today witnessed its second biggest loss this year of Rs 600 to Rs 27,300 per 10grams 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 reducedofftake by jewellers and industrial units.This is golds second biggest fall this year since since April 15, when it had plunged by Rs 1,160to Rs 26,640 per 10 grams.Besides, shifting of funds from weakening bullion to rising equity also influenced the preciousmetals.On the domestic front, mcx gold of 99.9 and 99.5 per cent purity tumbled by Rs 600 each toRs 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 askedaround previous level of Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
  3. 3. -C O P P E RC R U D E O I LBase Metals & EnergyD A I L Y B U Z ZZinc futures prices today edged up by 0.10 per cent to Rs 101.40 per kg amid a firm globaltrend, as speculators enlarged positions.At the Multi Commodity Exchange, zinc for delivery in June up by 10 paise, or 0.10 percent, 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 abusiness turnover of 602 lots.Brent futures slipped towards $102 a barrel on Wednesday on concerns about rising supplies from theUnited 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 touchrecord levels, while the latest International Energy Agency (IEA) report on rising US shale oilproduction further dampened sentiment. Oil has also faced pressure from a stronger US dollar in thelast few sessions.Brent crude slipped 20 cents to $102.40 a barrel by 0632 GMT, after settling 22 cents lower. US oil fell12 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 narrowlyskirted a recession in the first quarter.PAGE 1
  4. 4. CHANA DHANIYADHANIYAAgro OutlookD A I L Y B U Z ZCoriander prices fell by Rs 78 to Rs 6,770 per quintal in futures trade today as speculatorsreduced 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 percent, 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 openinterest of 1,250 lots.Turmeric prices declined by 0.48 per cent to Rs 5,806 per quintal in futures trade today as speculatorstrimmed their positions, triggered by increased supplies from the new season crop in the spot marketsBesides, subdued export demand also weighed on the Turmeric prices.At the National Commodity and Derivatives Exchange, turmeric for delivery in June fell Rs 28, or0.48 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 perquintal, with an open interest of 8,370 lots.
  5. 5. COMMODITY CLOSING PRICE TREND S2 S1PIVOTPOINTR1 R2GOLD26310 DOWN 25885 26097 26401 26613 26917SILVER43314 DOWN 42079 42696 43568 44185 45057CRUDE OIL5160 DOWN 5015 5087 5137 5209 5259COPPER397.40 DOWN 389.27 393.33 396.67 400.73 404.07NICKEL816.30 DOWN 803.37 809.83 819.57 826.03 835.77NATURAL GAS222.70 DOWN 217.50 220.10 221.90 224.50 226.30LEAD107.85 UP 105.85 106.85 107.60 108.60 109.35ZINC99.45 UP 97.45 98.45 99.50 100.50 101.55ALLUMINIUM100.20 UP 98.00 99.10 100.20 101.30 102.40COMMODITY CLOSING PRICE TREND S2 S1 PIVOTPOINTR1 R2CHANA 3423 UP 3380 3401 3420 3441 3460JEERA 13182.5 DOWN 13068 13125 13188 13245 13308RM SEED 3513 UP 3482 3497 3507 3522 3532PEPPER 35805 DOWN 35608 35707 35903 36002 36198SOYA REF OIL 697 UP 692.40 694.70 696.50 698.80 700.60SOYBEAN 3927 DOWN 3894 3910 3928 3944 3962TURMERIC 5784 UP 5679 5731 5805 5857 5931M E T A L S & E N E R G YMarket Statistics
  6. 6. Country Data/Event Previous Forecast Time of Release (IST)USD Building Permits 0.91M 0.94M 6.00 P.MUSD Core CPI m/m 0.1% 0.2% 6.00 P.MUSD Unemployment Claims 323K 332K 6.00 P.MUSDPhilly Fed ManufacturingIndex 1.3 2.5 7.30 P.MDisclaimer:All data and reports at Research Via are only information services for subscribers and are notindividualized 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. Sincereefforts have been made to present the right investment perspective. The information containedherein is based on analysis and on sources that we consider reliable. We, however, do notvouch for the accuracy or the completeness thereof. This material is for personal informationand we are not responsible for any loss incurred due to it & take no responsibility whatsoeverfor 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 beconstrued as an offer to sell, a solicitation of an offer to buy, or a recommendation for the unitsof the schemes of Research Via. Research Via is neither responsible nor liable for third partycontent provided or content from any other aspect of any other Website, which may beaccessed from this Website. A possibility exists that the site could include inaccuracies orerrors. Additionally, a possibility exist that unauthorized additions, deletions or alterationscould be made by third parties to the site. Although Research Via attempts to ensure theintegrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to itscompleteness, correctness or accuracy. In the event, that such an inaccuracy arises, pleaseinform 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 oroperations, computer virus, communications line failure, and unauthorized access to thepersonal accounts. Research Via is not responsible for any technical failure or malfunction ofthe software or delays of any kind. We are also not responsible for non-receipt of registrationdetails or e-mails. Research Via is not responsible for the content of any of the linked sites. Byproviding access to other web-sites, Research Via is neither recommending nor endorsing thecontent available in the linked websites.