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Commodity report weekly

  1. 1. I Prateekj16 18july WEEKLY COMMODITY REPORT 2808.07.2013 RESEARCH VIA
  2. 2. S I L V E R G O L D D A I L Y B U Z Z Precious Metals Both the precious metals, gold and silver, extended losses for the second day in the national capital today on sustained selling by stockists in tandem with a weakening global trend. While gold fell by Rs 95 to Rs 26,625 per 10 grams, silver lost Rs 170 to Rs 40,430 per kg on poor offtake by industrial units and coin makers. The sentiment remained weak after gold fell in global markets as the dollar surged to three years high after US payrolls rose more than forecast in June, fueling speculation that the Federal Reserve will scale back stimulus, traders said. Gold in New York, which normally sets the price trend on the domestic front, slumped 3.1 per cent to $ 1,212.70 an ounce after touching $ 1,206.90, the lowest since June 28. Silver also tumbled 4.9 per cent to $ 18.73 an ounce, the biggest decline since June 20. On the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs 95 each to Rs 26,625 and Rs 26,425 per 10 grams, respectively. It had lost Rs 110 yesterday. Sovereigns remained stable at Rs 24,000 in scattered deals. Similarly, silver ready lost another Rs 170 to Rs 40,430 per kg, while weekly-based delivery received by Rs 365 to Rs 40,270 per kg, respectively. The white metal had lost Rs 800 in the previous session. On the other hand, silver coins held steady at Rs 78,000 for buying and Rs 79,000 for selling of 100 pieces.
  3. 3. - C O P P E R C R U D E O I L Base Metals & Energy D A I L Y B U Z Z Copper futures are trading higher in the domestic market on Friday as investors and speculators created fresh positions in the base metal amid a pickup in physical demand for copper in the domestic spot market. However, a spate of weak economic data from the US, the world’s second biggest copper consuming 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 the fastest pace since February 2011 in April, while manufacturing in the Philadelphia region shrank this month. The number of Americans who filed for unemployment benefit claims jumped to the highest level in six weeks, up 32,000 to a seasonally adjusted 360,000 last week, signalling a slowing labour market recovery. At the MCX, Copper futures, for the June 2013 contract, is trading at Rs 404.10 per kg, up by 0.90 per cent, after opening at Rs 401.40, against a previous close of Rs 400.50. It touched an intra-day high of Rs 406.30. (At 15:59 PM). PAGE 1 Base Metals & Energy
  4. 4. CHANA DHANIYA DHA YA Agro Outlook D A I L Y B U Z Z Cardamom continued its upward journey for the fifth day with prices rising by Rs 16.20 to Rs 774.90 per kg in futures trade today as speculators engaged in enlarging positions on the back of strong demand in the spot markets. On the Multi Commodity Exchange, cardamom for July delivery rose by Rs 16.20, or 2.13 per cent, to Rs 774.90 per kg in a business volume of 909 lots. The spice for delivery in June higher by Rs 9.60, or 1.30 per cent, to Rs 750 per kg in trading volumes of 27 lots.
  5. 5. AGRO COMMODITIES COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2 GOLD 26034 UP 25157 25595 26013 26451 26869 SILVER 40285 UP 38790 39538 40657 41405 42524 CRUDE OIL 6363 DOWN 5444 5903 6172 6631 6900 COPPER 417.60 DOWN 394.13 405.87 416.03 427.77 437.93 NICKEL 818.90 UP 790.50 804.70 825.80 840.00 861.10 NATURAL GAS 221.90 DOWN 207.03 214.47 218.63 226.07 230.23 LEAD 125.25 UP 119.52 122.38 124.37 127.23 129.22 ZINC 112.30 UP 107.43 109.87 111.68 114.12 115.93 ALLUMINIUM 107.50 UP 102.30 104.90 107.15 109.75 112.00 COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2 CHANA 3002 DOWN 2876 2939 3028 3091 3180 SOYA BEAN 3670 UP 3529 3599 3646 3716 3763 JEERA 13320 DOWN 12890 13105 13265 13480 13640 TURMERIC 5732 UP 5357 5545 5855 6043 6353 RM SEED 3442 DOWN 3346 3394 3422 3470 3498 SOYA REF OIL 688.1 UP 663 676 683 695 703 M E T A L S & E N E R G Y Market Statistics
  6. 6. Disclaimer: All data and reports at Research Via are only information services for subscribers and are not individualized 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. Sincere efforts have been made to present the right investment perspective. The information contained 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 for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for 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 be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for the units of the schemes of Research Via. Research Via is neither responsible nor liable for third party content provided or content from any other aspect of any other Website, which may be accessed from this Website. A possibility exists that the site could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the site. Although Research Via attempts to ensure the integrity, correctness and authenticity of the site, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform 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 or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research Via is not responsible for any technical failure or malfunction 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 of any of the linked sites. By providing access to other web-sites, Research Via is neither recommending nor endorsing the content available in the linked websites.