Commodity report daily 23 may 2013


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Commodity report daily 23 may 2013

  1. 1. IPrateekj1618julyDAILY COMMODITY REPORT2823.05.2013RESEARCH VIA
  2. 2. S I L V E RGG O L DD A I L Y B U Z ZPrecious MetalsTracking a firm global trend, gold prices rose by Rs 213, or 0.81 per cent, to Rs 26,456 per tengrams in futures trade today as speculators enlarged their positions.At the Multi Commodity Exchange, gold for delivery in August rose by Rs 213, or 0.81 percent to Rs 26,456 per ten grams in business turnover of 1,722 lots.In a similar fashion, the yellow metal for delivery in June moved up by Rs 146, or 0.56 per centto Rs 26,256 per ten grams in 11,448 lots.Market analysts attributed the rise in gold futures to a firm global trend amid speculation thatthe US Federal Reserve may hint at the need for sustained stimulus in the worlds largesteconomy, countering further outflows in investor holdings.Meanwhile, gold rose 0.9 per cent to USD 1,389.26 an ounce in Singapore.PAGE 1
  3. 3. -C O P P E RC R U D E O I LBase Metals & EnergyD A I L Y B U Z ZCrude Oil was down in Asia on Wednesday as traders waited for the release of the latestenergy inventory report from the United States, analysts said.Weak demand and surging crude stockpiles in the worlds biggest economy have put downwardpressure on prices and limited gains.New Yorks main contract, West Texas Intermediate light sweet crude for delivery in July,dropped 48 cents to $95.70 a barrel in the afternoon and Brent North Sea crude for Julydelivery shed 34 cents to $103.57.The latest energy inventory report will be released later Wednesday from the United States,where stockpiles have outpaced demand.An increase in inventory stocks indicates softer demand and normally leads to lower oil prices.Dealers are also waiting for testimony in Congress later Wednesday by Federal Reserve chiefBen Bernanke on the US economy. Global markets will closely watch Bernankes statements foran indication on when the Fed will start winding down its massive bond-buying programme toboost the economy.
  4. 4. CHANA DHANIYADHANIYAAgro OutlookD A I L Y B U Z ZCardamom prices rose for the third day by gaining Rs 5.60 to Rs 785 per kg in futures tradetoday as speculators enlarged their positions, tracking a firm trend at spot market.At the Multi Commodity Exchange, cardamom for delivery in July month rose by Rs 5.60, or0.72 per cent to Rs 785 per kg in business turnover of 435 lots.The spice for delivery in June contract traded higher by Rs 4.60, or 0.61 per cent to Rs 761.30per kg in 407 lots.Coriander prices fell by 3 per cent to Rs 6,566 per quintal in futures trading today asspeculators trimmed their positions, driven by a weak demand in the spot market againstincreased supplies.At the Multi Commodity Exchange, coriander for delivery in May dropped by Rs 203, or 3per cent to Rs 6,566 per quintal with an open interest of 540 lots.The June contract of the spice lost Rs 76 to trade at Rs 6,813 per quintal in 25,650 lots.
  5. 5. COMMODITY CLOSING PRICE TREND S2 S1PIVOTPOINTR1 R2GOLD25963 DOWN 25963 25684 26181 26459 26956SILVER43226 DOWN 42037 42631 43616 44210 45195CRUDE OIL5297 DOWN 5216 5256 5307 5347 5398COPPER416.85 UP 405.98 411.42 415.93 421.37 425.88NICKEL233.40 UP 228.60 231.00 233.20 235.60 237.80NATURAL GAS232.70 DOWN 221.43 227.07 230.13 235.77 238.83LEAD114.35 UP 111.92 113.13 113.87 115.08 115.82ZINC103.25 UP 100.62 101.93 102.67 103.98 104.72ALLUMINIUM103.35 UP 101.12 102.23 102.87 103.98 104.62COMMODITY CLOSING PRICE TREND S2 S1 PIVOTPOINTR1 R2CHANA 3381 UP 3326 3353 3388 3415 3450JEERA 13205 DOWN 12983 13094 13266 13377 13548RM SEED 3512 UP 3478 3495 3522 3539 3566SOYA REF OIL 701.4 UP 696 699 703 706 710SOYBEAN 3841.5 DOWN 3741 3791 3866 3917 3992TURMERIC 6022 UP 5805 5913 6057 6165 6309M E T A L S & E N E R G YMarket Statistics
  6. 6. Country Data/Event Previous Forecast Time of Release (IST)GBP Second Estimate GDP q/q 0.3% 0.3% 2.00 P.MUSD Unemployment Claims 360K 347K 6.00 P.MUSD New Home Sales 417K 429K 6.00 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.