I Prateekj16 18july

RESEARCH VIA

DAILY COMMODITY REPORT

2821.05.2013

Precious Metals
G

SILVER

GOLD

D A I L Y

B U Z Z

Silver futures today tumbled 4 per cent to hit the lower circuit at Rs 40,912 per kg, the lowest level in 31 months, largely in tandem with a weakening trend overseas. At the Multi Commodity Exchange, the July contract of Silver traded lower by Rs 1,717, or 4.03 per cent, to Rs 40,912 per kg in a business turnover of 4,336 lots. This level was last seen in November, 2010. The far-month September contract fell by Rs 1,728, or 4 per cent, to Rs 41,436 per kg in business volume of 211 lots. In Singapore, silver tumbled as much as 7 per cent to USD 20.69 an ounce, the lowest level since October, 2010. Analysts said weakening trend overseas as the US economy improved, hurting the precious metals' appeal as a haven and declining holdings in exchange-traded products and subdued domestic demand, mainly put pressure on the silver prices at futures trade here.

PAGE 1

Base Metals & Energy

-

COPPER

CRUDE OIL

D A I L Y

B U Z Z

Crude oil futures today fell by Rs 20, or 0.38 per cent, to Rs 5,282 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade. At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 20 or 0.38 per cent, to Rs 5,282 per barrel in 3,367 lots. Similarly, the oil for July delivery moved down by Rs 17, or 0.32 per cent, to Rs 5,305 per barrel in 87 lots. Meanwhile, crude oil for June delivery shed five cents to USD 95.97 a barrel on the New York Mercantile Exchange.
Lead prices dropped by 0.81 per cent to Rs 110.05 per kg in futures trade today due to sluggish demand from battery-makers. At the Multi Commodity exchange, lead for delivery in June declined 90 paise, or 0.81 per cent, to Rs 110.05 per kg in business turnover of 133 lots. The May contract dropped by 15 paise, or 0.77 per cent, to Rs 109.80 per kg in 1,945 lots.

Agro Outlook
CHANA DHANIYA

DHANIYA

D A I L Y

B U Z Z

Turmeric prices moved down by 1.27 per cent to Rs 5,920 per quintal in futures trade today in line with trends at spot markets. At the National Commodity and Derivatives Exchange , turmeric for delivery in May moved down by Rs 76, or 1.27 per cent to Rs 5,920 per quintal with an open interest of 315 lots. The June contract of the spice traded lower by Rs 20, or 0.33 per cent to Rs 5,960 per quintal in 24,310 lots. Cardamom prices rose by 0.57 per cent to Rs 758 per kg in futures trade today as speculators created fresh positions, driven by pick-up in demand at spot markets. Besides, lower arrivals from producing regions also supported the upside. At the Multi Commodity Exchange, the July contract of cardamom gained Rs 4.30, or 0.57 per cent to Rs 758 per kg in business turnover of 122 lots. The spice for delivery in June edged up by 90 paise, or 0.12 per cent to Rs 727.10 per kg in 400 lots.

Market Statistics
M ETALS & ENERGY
COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2

GOLD SILVER CRUDE OIL COPPER NICKEL NATURAL GAS LEAD ZINC ALLUMINIUM
COMMODITY

26088 43263 5329 409.00 833.80 226.60 112.10 101.10 101.40

CLOSING PRICE

DOWN DOWN UP DOWN DOWN UP UP UP UP

TREND

24967 39224 5191 396.00 808.80 223.60 108.23 98.63 99.43

S2

25528 41243 5260 402.50 821.30 225.10 110.17 99.87 100.42

S1

25933 42769 5309 406.70 829.10 227.20 111.18 100.58 101.08

PIVOT POINT

26494 44788 5378 413.20 841.60 228.70 113.12 101.82 102.07

R1

26899 46314 5427 417.40 849.40 230.80 114.13 102.53 102.73

R2

CHANA JEERA RM SEED PEPPER SOYA REF OIL SOYBEAN TURMERIC

Country
GBP

3389 13078 3505 34500 700 3920 5950 Data/Event

CPI y/y

UP DOWN UP DOWN UP DOWN UP

3356 12903 3479 33727 694 3865 5706 Previous

2.8%

3373 12990 3492 34113 697 3893 5828 Forecast

2.6%

3391 13045 3508 34807 699 3908 5914

3408 13133 3521 35193 702 3935 6036

3426 13188 3537 35887 704 3950 6122

Time of Release (IST)

2.00 P.M

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