Friday, June 10, 2016

Commodity on-line news and calls


COMMODITY ONLINE NEWS AND CALLS
                <<<<<<Commodity News upadated>>>>>>

DATE

PARTICULARS

SEGMENTS

10/06/2016 08:28pm Prelim UoM Inflation Expectations 2.4% VS 2.4% ====> DATA IS MILD SUPPORTIVE FOR BULLION. MCX
10/06/2016 08:28pm Prelim UoM Consumer Sentiment94.3 VS 94.7 Prelim UoM Inflation Expectations2.4% VS 2.4% ====> DATA IS MILD SUPPORTIVE FOR BULLION. MCX
10/06/2016 08:27pm Fed Balance Sheet: Prior $4.461 T ,Actual $4.464 T. MCX
10/06/2016 08:25pm Money Supply: Prior $21.0 B , Actual $-11.0 B. MCX
10/06/2016 08:25pm Consumer Sentiment: Prior 94.7 , Actual 94.3 . MCX
10/06/2016 08:00pm Currency : Daily Settlement Price : USDINR : 66.9375 : EURINR : 75.6825 : GBPINR : 96.5250 : YPYINR : 62.6225 : CURRENCY
10/06/2016 02:07am LME Inventory : Aluminium -7400 MT , Copper -2550 MT , Lead -25 MT , Nickel -84 MT, Zinc -500 MT. MCX
10/06/2016 11:30am Silver trading range for the day is 39884-41502.Silver gained despite a broadly stronger dollar, as investors continued to pile into the safe-have asset.The U.S. economy is on track to grow at a 2.5 percent annualised rate in the second quarter, the Atlanta Federal Reserves GDP Now forecast model showed.The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained strength in the labour market.Any rate hikes by the Fed this year are viewed as bearish for bullion, which struggles to compete with high yield bearing assets in rising rate environments. MCX
10/06/2016 11:29am Crudeoil trading range for the day is 3305-3473. Crude retreated from 11-month highs taking a pause from the massive rally amid heavy profit. Prices holding above $50 after the reports that a second militant group could enter the fray in a longstanding conflict in Nigeria. Data from the U.S. Energy Information Administration showed U.S. crude stocks last week fell 3.23 million barrels to 532.5 million, the third consecutive weekly fall. On the demand side, global refining activity is about to hit its highest on record just as crude supply disruptions around the world tighten the market. MCX
10/06/2016 11:29am Copper trading range for the day is 292.7-312.3.Copper fell to close at 301.70 while prices dropped to its lowest in nearly four months, hit by a stronger dollar.Also weighing on copper this week is a 39 percent surge in LME inventories over the past week to above 213,000 tonnes.The Shanghai Futures Exchange was closed for a second day for the Dragon Boat Festival holiday, markets will reopen on Monday.Warehouse stock for Copper at LME was at 213225mt that is up by 5925mt. MCX
10/06/2016 11:29am Zinc trading range for the day is 133.5-142.1. Zinc rose tracking LME Zinc hit a 10-month high of $2,105.50 as miners supply less as demand rebounds in China, China’s markets are closed onThursday and Friday for a public holiday. Zinc test $2101 after Goldman Sachs has dubbed it the “bullish exception” among base metals amid a widening shortage. Warehouse stock for Zinc at LME was at 380900mt that is down by -1250mt. MCX
10/06/2016 11:28am Nickel trading range for the day is 581.8-618.Nickel pared gains on profit booking after gained as monetary stimulus by the ECB and an improving trade outlook in China boosted investor appetite.Pressure also on prices seen due to an unexpected drop in jobless claims soothing some worries about U.S. economic growth decelerating in the second quarter.In China, imports slipped 0.4 percent in May, the smallest drop since late 2014, signaling improvement in domestic demand. Warehouse stock for Nickel at LME was at 394746mt that is down by -768mt. MCX
10/06/2016 11:27am Naturalgas trading range for the day is 159.7-183.5.Natural gas soared by 6.71% to mark their highest close since late Sept15, after a weekly report showed that supplies rose less than expected.Sentiments remain bullish as Natural gas is still cheap enough to drive decent power sector natural gas consumption, largely due to coal-to-gas switching.EIA reported that domestic supplies of natural gas in storage rose 65bcf for the week ended June 3. Total stocks stand at 2.972tcf, up 660bcf from a year ago and 722bcf above the five-year average, the EIA data showed. MCX
10/06/2016 11:27am Aluminium trading range for the day is 103.2-109.Aluminium dropped as headwinds from a looming U.S. rate hike that has boosted the dollar added to pressure from tepid physical demand China.The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained strength in the labor market.China has agreed to eliminate export subsidies raised expectations of a slowdown in the massive flow of aluminium products.Warehouse stock for Aluminium at LME was at 2481625mt that is down by -6700mt. MCX
10/06/2016 11:26am Gold trading range for the day is 29482-30198.Gold extended its rally, supported by falling U.S. Treasury yields and world equity markets, and the outlook for U.S. interest rates.Fed is likely to raise U.S. interest rates in September and possibly as soon as July, after news of a sharp drop in hiring that has led some to worry that the economy is losing momentum.SPDR gold trust holdings gained by 0.71% i.e. 6.23 tonnes to 887.38 tonnes from 881.15 tonnes. Sales of bullion bars and coins have picked up in London, ahead of the June 23 referendum on Britains exit from the European Union. MCX
10/06/2016 11:26am Today US Data : Consumer Sentiment 7:30 PM Baker-Hughes Rig Count 10:30 PM MCX

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