Showing posts with label copper tips. Show all posts
Showing posts with label copper tips. Show all posts

Daily Buzz Of Commodity Market 10/04/2013

Precious Metals
                                                        D A I L Y  B U Z Z
Gold eased at the domestic bullion market today on further selling from stockists and investors 
and subdued retail buying, mainly influenced by bearish global trend.

Silver ended stable amidst thin activity. Standard gold of 99.5 per cent purity fell by Rs 100 to 
finish at Rs 29,300 per 10 grams from Monday's closing level of Rs 29,400. 

Pure gold of 99.9 per cent purity also slid by a similar margin to conclude at Rs 29,450 per 10 
grams from Rs 29,550. 

Silver ready (.999 fineness) quoted steady at its previous level of Rs 52,500 per kilo.

Base Metals & Energy
                                                    D A I L Y  B U Z Z
Brent crude futures rose above $105 per barrel on Tuesday after data showed China's inflation 
in March was slower than expected, giving its central bank room to keep monetary policy easy 
and supportive of oil demand in the world's second-biggest consumer. 

Oil prices were also underpinned by worries over increasing tension in North Korea and a 
stalemate in talks between Iran and Western nations. 

Front-month Brent futures rose 55 cents to $105.21 per barrel by 0445 GMT, after moving in a 
$2-range and finishing 0.5 percent higher in a choppy session on Monday. 

U.S. crude futures rose 31 cents to $93.67 per barrel.

Agro Outlook
                                                  D A I L Y  B U Z Z
Chilli prices moved down by 2.49 per cent to Rs 6,200 per quintal in futures market today as speculators reduced their holdings due to weak demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, chilli for delivery in April moved down by Rs 158, or 2.49 per cent to Rs 6,200 per quintal with an open interest of 2,010 lots. 

Likewise, the spice for delivery in May traded lower by Rs 128, or 1.89 per cent to Rs 6,632 per quintal in 20,230 lots.

Jeera prices rose by Rs 40 to Rs 13,677.50 per quintal in futures market today as speculators enlarged their positions, driven by pick up in exports demand. . 

Intraday Outlook


Bullion
 Gold futures were down today tracking rise in the rupee against the dollar and as COMEX futures shed early gains and fell. Earlier in the day the gold futures were trading marginally higher as weak US non-farm payrolls, data for which was posted Friday, boosted demand for the safe-haven metal. However, profit booking after the recent rise pulled down prices in the US session. 

Energy
 Domestic oil futures were trading slightly lower tracking the same in benchmark contracts on the New York Mercantile Exchange.  Oil prices had declined, as sentiment weakened following release of discouraging US job data. Gas prices remained well supported even as temperatures in key Midwest and Northeast regions climbed to above-normal levels, shaking off a stubborn latewinter cold spell that spiked demand.

Metals 
 Base metal futures on the MCX were trading higher tracking the rise in benchmark contracts on the London Metal Exchange, where  prices gained on lower level buying, but appreciation in the rupee against the dollar capped the rise in prices. LME base metals futures had declined earlier due to demand concerns from the US and China and rising inventory in  warehouses.

Free Commodity tips, mcx tips, mcx silver tips, gold tips, NCDEX

All base metals are trading on a flat note today. Precious metals are trading flat on COMEX today. We expect prices to trade lower for the day. Industrial metals are trading flat on International bourses today. We expect prices to trade  lower for the day. Crude oil is trading higher on International bourses today. We expect prices to trade lower for the day on account of demand concerns triggered by the debt crisis in Europe.

mcx gold tips, mcx silver tips, copper updates, crude updates

Precious metals are trading higher on COMEX today. Industrial metals are trading higher on International bourses today. We expect prices to trade lower for the day on account of concerns over euro zone debt worries. Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the day.

Outlook for Soybean is seen down for the day. CPO is expected to trade lower. Guar Complex is expected to trade lower for the day. Outlook for Chana is  down for the day. Outlook for Jeera is sideways to up for the day. Pepper futures to trade higher for the day.

MCX and NCDEX Commodity Market News Today

Precious/Bullion metals (Gold and Silver) are trading lower on MCX Commodity Market today. We expect prices to trade lower for the following trading session remaining under pressure due to a firm dollar. All base metals are trading on a negative note today. We expect prices to trade lower for the day on account of a stronger dollar. Crude oil is trading lower on MCX Commodity today. We expect prices to trade lower for the day on account of a stronger dollar and expectations of rising U.S. crude stocks offset Iranian threats to halt a vital oil trade route.

NCDEX Agri Commodity Market Trading Tips:
Pepper futures may trade sideways. Jeera futures extended the down trend due to weak cues from the spot market. Jeera futures may remain below 16,400 levels owing to profit booking from higher levels. Turmeric futures traded mixed following the rise in spot prices. Cardamom futures gained due to positive cues from the physical market. Pepper prices traded lower after making a high of 33150. We expect if prices break and sustain below the same may see further fall towards 32100 then 31800 levels for the day.