Commodity Market News-14 Jan 2015

Silver prices plunged by Rs 496 to Rs 37,662 per kg in futures trade today as speculators reduced their exposures.

Gold prices moved down by 0.35% to Rs 26,960 per 10 gram in futures trade today as participants offloaded positions partially, taking weak cues from the global market.

Crude Palm Oil prices fell 1.15% to Rs 461.50 per kg in futures trade today, tracking a weak trend in domestic as well as overseas markets.

Cardamom prices today rose by 1.21% to Rs 1,095.70 per kg in futures market as participants created speculative positions, supported by rise in demand in the spot markets.

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Commodity Market News-13 Jan 2015

Silver prices jumped by Rs 453 to Rs 37,424 per kg in futures trading today as speculators indulged in creating fresh positions.

Nickel prices fell by 0.63% to Rs 940.50 per kg in futures trade today as speculators indulged in offloading positions after the metal declined in global markets.

Jeera prices spurted by another Rs 910, or 5.97% to Rs 16,140 per quintal in futures trade today as speculators indulged in creating fresh positions amidst lower output reports.

Oil continued their rout on Tuesday with Brent crude and US WTI both falling to their lowest in almost six years, as a persistent global supply glut offset data showing record high imports by key consumer China.

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Daily Commodity Market News-07 Jan 2015

BULLIONS

GOLD:
Gold jumped more than 1 percent to a three-week high on Tuesday, extending gains on safe-haven buying as stock markets slid on mounting concern over Greece's future in the euro zone and as oil prices tumbled.

SILVER:
Silver was up 2.3 percent at $16.51 an ounce. Growth in the U.S. services sector braked in December and new orders for manufactured goods fell for a fourth straight month in November, signs the economy lost some momentum in the fourth quarter.

CRUDE OIL:
Global oil markets on Tuesday slumped for a fourth straight session as mounting worries about a supply glut pressured crude prices, which have fallen almost 10 percent this week to their lowest since spring 2009.

NATURAL GAS:
U.S. natural gas futures settled up 2 percent on Tuesday, recouping half of the previous session's loss, as bets for colder weather helped the market recover from early lows pressured by falling oil prices.

BASE METALS

COPPER:
Copper fell on Tuesday as prices remained close to 4-1/2 year lows hit in the previous session due to dollar strength, plunging oil prices and concerns on demand from top consumer China as the country moves to raise output.

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Commodity Market News-02 Jan 2015

BULLIONS

GOLD:
Gold fell 1.5 percent on pressure from weak oil prices and gains in the U.S. dollar on Wednesday, and was poised to end 2014 down a slight 2 percent after falling below $1,200 an ounce.

SILVER:
Silver fell 3.9 percent to $15.63 an ounce on Wednesday and was on track for a 19.5 percent annual decline.

CRUDE OIL:
Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June underpressure from a global glut of crude.

NATURAL GAS:
U.S. natural gas prices ended the year down more than 30 percent for their worst performance since 2011 after unseasonably warm weather raised questions on whether gas in storage was excessive for the heating required in coming months.

BASE METALS

COPPER:
Copper prices ended 2014 with a loss of 14 percent, their biggest annual decline in three years, on concerns that a supply surplus will hit the market next year just as Chinese economic growth shifts down another gear.

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Commodity Market News-31 Dec 2014

Silver
Silver prices rose by Rs 169 to Rs 36,653 per kg in futures trading today as speculators indulged in creating fresh positions amid a firming trend in the precious metals overseas.

Copper
Copper smelters raised output 33 per cent in April-November over a year before, to take advantage of higher conversion rates — treatment and refining charges (Tc/Rc) in industry parlance.

Chana
NCDEX Chana Jan. futures traded on positive note (2.69% higher) as Govt is considering a 10% tax on overseas purchases of pulses to support the local farmers. Overall sentiments have turned positive for Chana amid lower sowing this season and expected lower output in 2014-15.

Soybean
Yesterday, NCDEX Soybean Jan futures closed negative (0.90% lower) taking clues from the international markets and on profit booking on higher levles. In the international markets, soybean was also down by 0.38%.

Jeera
Jeera On Monday Jeera Jan. futures closed positive (0.57% higher) on anticipation of lower crop sowing and good demand for the exports. Jeera of Indian origin in the international markets was quoting around $1900-2000/ton.

Turmeric
Turmeric Jan. futures traded lower on a second successive day (1.77% lower) on account of flat domestic demand and good supply in the mandis from the growing belts. Turmeric prices remained flat in benchmark Nizamabad and Erode market.

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Commodity Market News-29 Dec 2014

Gold rose the most in 2-1/2 weeks on Friday in thin post-Christmas trading, boosted by short-covering after China's central bank was reported to be considering a loosening of liquidity requirements at the country's banks.

Silver rose 2.7 percent to $16.09 an ounce. The People's Bank of China (PBOC) is weighing changing rules governing how loan-to-deposit ratios are calculated at banks, a move that would boost liquidity conditions, sources with direct knowledge told Reuters.

Crude Oil prices fell Friday, tumbling as the dollar strengthened and as a supply glut in top consumer, the United States, trumped worries about falling production from Libya.

U.S. natural gas futures hit a more than two-year bottom below $3 on Friday, finishing the worst week in 10 months, as disappointing weekly draws of the fuel raised worries about growing supplies of gas in storage.

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Commodity Market News-24 Dec 2014

Bullions:

Gold
Gold was little changed on Tuesday, paring earlier gains after strong U.S. growth data lifted the dollar, and was looking vulnerable to more losses as appetite for risk boosted equities.

Silver
Silver added 0.5 percent to $15.70 an ounce after falling 2.6 percent to a three-week low of $15.49 on Monday.

Crude Oil
Oil rose by more than $2 a barrel on Tuesday, rallying for a second time in three days, after data showing the fastest rate of U.S. economic growth in 11 years bolstered expectations for crude demand.

Natural Gas
U.S. natural gas futures ended up nearly 1 percent on Tuesday after falling to a 23-month low on weak holiday demand and seasonal temperature forecasts for the next two weeks.

Base Metals

Copper prices dropped on Tuesday, extending the previous session's fall as the dollar rallied and concerns over weak demand in top consumer China persisted.

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AGRI COMMODITY MARKET

BULLIONS COMMODITY MARKET

CS TURMERIC (APRIL) OVERVIEW: TREND BULLISH RESIST 2:8535 RESIST 1:8450 SUP1:8240 SUP2:8120 STRATEGY: BUY ON DIPS CS SOYABEAN (JANUARY) OVERVIEW: TREND MIXED TO BULLISH RESIST 2:3370 RESIST 1:3355 SUP1:3330 SUP2:3320 STRATEGY: BUY ON DIPS CS CHANA (JANUARY) OVERVIEW: TREND MIXED TO BULLISH RESIST 2:3385 RESIST 1:3355 SUP1:3300 SUP2:3265 STRATEGY: BUY ON DIPS CS DHANIYA (JANUARY) OVERVIEW: TREND MIXED TO BULLISH RESIST 2:13025 RESIST 1: 12900 SUP1:12550 SUP2:12350 STRATEGY: BUY ON DIPS

CS COPPER (FEBRUARY) OVERVIEW: TREND MIXED TO BEARISH RESIST 1:410 RESIST 2:412.50 SUP 1:404 SUP 2:402 STRATEGY: SELL ON RISE CS CRUDE (JANUARY) OVERVIEW: TREND MIXED TO BULLISH RESIST 1:3680 RESIST 2:3720 SUP1:3570 SUP2:3480 STRATEGY: BUY ON DIPS FOR SMALL PROFITS. CS GOLD (FEBRUARY) OVERVIEW: TREND BEARISH RESIST 1:26750 RESIST 2:26860 SUP1:26500 SUP2:26375 STRATEGY: SELL ON RISE CS SILVER (MARCH) OVERVIEW: TREND BEARISH RESIST 1:36800 RESIST 2:37050 SUP1:36000 SUP2:35800 STRATEGY: SELL ON RISE