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I Prateekj16 18july

RESEARCH VIA

DAILY COMMODITY REPORT

2828.05.2013

Precious Metals
G

SILVER

GOLD

D A I L Y

B U Z Z

MCX Gold fell on Tuesday as Asian stock markets and the dollar firmed after a turbulent week, undermining the metal's appeal as a safe haven and prompting more selling in bullionbacked exchange traded funds. Demand in the physical market continued to hold prices near $1,400 an ounce as the recent drops in the spot market lured buyers to invest in bullion. Spot gold fell 0.26 percent to $1,390.71 an ounce by 0230 GMT, after gaining more than half a percent on Monday. It rose 2 percent last week - its strongest weekly percentage gain in a month - though the metal is down 17 percent for the year. US gold rose 0.22 percent to $1,389.60. "The paper market is dropping but we are seeing a different story in the physical market," said Zane Lim, regional manager of operations at Singapore-based dealer BullionStar. "Everybody is buying and no one is selling." Bullion is being sold at high premiums compared to spot prices as there is not enough supply in the market to meet the strong demand. Gold prices remain near a two-year low of $1,321.35 hit in mid-April as investors flock to higher-yielding stocks. PAGE 1

Base Metals & Energy


-

COPPER

CRUDE OIL

D A I L Y

B U Z Z

Crude oil futures prices today fell by 0.80 per cent to Rs 5,227 per barrel, after speculators reduced exposures amid weak trend in Asian trade. At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 41, or 0.80 per cent, to Rs 5,227 per barrel in 8,397 lots. Oil for the July delivery contracts moved down by Rs 38, or 0.72 per cent, to Rs 5,256 per barrel in a turnover of 609 lots. The trading sentiment turned weak at futures trade as crude prices declined in Asian trade, dragged down by prospects of weaker crude demand form China and a buildup in US stockpiles, analysts said. Meanwhile, crude oil for the July delivery dropped 64 cents to $ 93.51 a barrel on the New York Mercantile Exchange.

PAGE 2

Agro Outlook
CHANA DHANIYA

DHANIYA

D A I L Y

B U Z Z

Chana prices fell by 0.80 per cent to Rs 3,352 per quintal in futures trade today on profitbooking by speculators amid subdued demand in physical markets. Increased supply from major producing regions of Madhya Pradesh and Rajasthan also put pressure on chana futures prices. At the National Commodity and Derivative Exchange , chana for the July delivery declined by Rs 27, or 0.80 per cent, to Rs 3,352 per quintal, with an open interest for 90,950 lots. Similarly, chana for the June delivery fell by Rs 26, or 0.79 per cent, to Rs 3,275 per quintal in 1,22,070 lots. Menthol prices fell by Rs 10 per kg in the national capital today owing to reduced offtake by consuming units amid adequate stocks. Increased arrivals from producing belts in Uttar Pradesh and weakening trend in futures market also weighed on the menthol prices. Menthol bold crystal, flake and mentha oil prices fell by Rs 10 each to settle at Rs 1,220, Rs 1,120 and Rs 970 per kg, respectively.

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

26446 43610 5218 407.30 818.60 239.30 115.55 101.80 101.05


CLOSING PRICE

DOWN DOWN DOWN DOWN UP UP UP UP UP


TREND

26308 43253 5181 404.83 812.47 232.30 114.55 101.23 100.48


S2

26377 43431 5200 406.07 815.53 235.80 115.05 101.52 100.77


S1

26433 43587 5225 407.13 819.17 237.80 115.45 101.73 101.03


PIVOT POINT

26502 43765 5244 408.37 822.23 241.30 115.95 102.02 101.32


R1

26558 43921 5269 409.43 825.87 243.30 116.35 102.23 101.58


R2

CHANA JEERA RM SEED SOYA REF OIL SOYBEAN TURMERIC

3283 13215 3456 706.5 3803 5878

UP DOWN UP UP DOWN UP

3250 13090 3429 701 3754 5745

3267 13153 3443 704 3779 5811

3287 13243 3467 706 3809 5891

3304 13305 3481 709 3833 5957

3324 13395 3505 712 3863 6037

Country
GBP USD

Data/Event
MPC Member Tucker Speaks CB Consumer Confidence

Previous
68.1

Forecast
70.7

Time of Release (IST)


10.30 P.M 7.30 P.M

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