Monday, June 13, 2016

Commodity on-line news and calls


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

DATE

PARTICULARS

SEGMENTS

13/06/2016 10:40pm ALUMINI SOLD EXIT AT COST 107.20 CMP 107.20 MCX
13/06/2016 10:08pm CRUDEOIL SOLD TARGET ACHIVED BOOK FULL PROFIT AT 3279 CMP 3278 MCX
13/06/2016 8:33Pm SELL CRUDEOIL AT 3299 STOPLOSS 3329 TARGET 3279 CMP 3299 DISCLAIMER MCX
13/06/2016 08:04pm SELL ALUMINI AT 107.20 STOPLOSS:108.20 TARGET 106.60 CMP 107.25 DISCLAIMER MCX
13/06/2016 08:00pm Currency : Daily Settlement Price : USDINR : 67.2875 : EURINR : 75.8725 : GBPINR : 95.4350 : YPYINR : 63.4125 : CURRENCY
13/06/2016 07:57pm The Organization of the Petroleum Exporting Countries (OPEC) sees global oil demand growing slower in 2016 than in the previous year, while the production of non-member producers should also contract, according to the freshly published monthly report. MCX
13/06/2016 01:47pm Southwest monsoon stalled though conditions favourable for movement in next 2-3 days: IMD MCX
13/06/2016 01:47pm Daily LME stock is as follows: Aluminium down by -5375MT, Copper down by -3050MT, Lead unchanged, Nickel down by -930MT & Zinc down by -325MT. MCX
13/06/2016 10:23am Chinas fiscal spending soared 17.6 percent in May from a year earlier, while fiscal revenue rose 7.3 percent, the finance ministry said. MCX
13/06/2016 10:18am Gold trading range for the day is 29689-30339. # Gold rebounded to a fresh three-week high, as investor risk aversion lifted appetite for the metal, putting it on track for a second straight weekly rise.# Prices are likely to be bolstered in the next two weeks by nervousness over Britains June 23 referendum on its EU membership.# SPDR gold trust holdings gained by 0.74% i.e. 6.54 tonnes to 893.92 tonnes from 887.38 tonnes. # Gold discounts in India expanded to their widest in nearly 3-12 months amid lacklustre demand elsewhere in Asia. MCX
13/06/2016 10:18am *Crudeoil trading range for the day is 3239-3401. # Crude oil dropped after data showing the U.S. oil drilling rig count rising for a second week in row and a stronger dollar weighed on demand. # U.S. oil drillers added three oil rigs in the week to June 10, after a nine-rig rise in the previous week. # US oil drillers have been producing about 850,000 fewer barrels per day in recent weeks than this time a year ago, but output picked up modestly last week. # Unplanned outages, most notably in Nigeria, where militant groups have inflicted serious damage on local infrastructure have drained global supply. MCX
13/06/2016 10:17am *Nickel trading range for the day is 586.9-609.3.# Nickel settled down but gained by more than 4 percent spurred by concern about potential disruptions to supply in Colombia and the Philippines.# Theres concern that nickel may enter a deficit if the Philippines stops providing ore to China for nickel pig iron production.# The ECB entered new territory in its efforts to stimulate the euro regions flagging economy, plunging into the corporate bond market.# Warehouse stock for Nickel at LME was at 394662mt that is down by -84mt. MCX
13/06/2016 10:17am *Naturalgas trading range for the day is 168.9-176.1.# Natural gas prices ended with losses on expectations that the current glut of the fuel could shrink faster than expected.# Prices on Thursday jumped to a nine-month high after government data showed a supply gain that fell short of estimates, signaling production declines.# Natural gas has surged from a 17-year low in March on speculation that a sweltering summer will boost demand as explorers in shale reservoirs curtail production.# Gas production in the lower 48 states is down 1.5 percent from a record 82.81 billion cubic feet a day in February, data from PointLogic Energy show. MCX
13/06/2016 10:17am *Aluminium trading range for the day is 104-107.# Aluminium prices settled flat amid pressure from weak demand growth in top consumer China.# Chinas exports of unwrought aluminum and aluminum semis were 420,000 mt in May, with YTD exports from January to May at 1900,000 mt, down 7.9 % YoY. # Even though inventories were plentiful, with LME stocks around 2.5 million tonnes, most of the metal was locked up in financing deals.# Warehouse stock for Aluminium at LME was at 2474225mt that is down by -7400mt. MCX
13/06/2016 10:16am *Zinc trading range for the day is 136.2-141.2.# Zinc prices rallied on expectations that mine closures will cause shortages.# Chinese trade data on suggested the country imported commodities in relatively large quantities last month.# Despite the need for stocks replenishment after the Dragon Boat Festival in China, arriving shipments during the holiday will be large.# Warehouse stock for Zinc at LME was at 380400mt that is down by -500mt. MCX
13/06/2016 10:14am *Copper trading range for the day is 297.6-304.4.# Copper fell and remained near its lowest since February and was on course for its worst week in more than a month as stockpiles jumped the most since 2005. # Chinas imports of unwrought copper and copper semis were 430,000 mt during May, with YTD imports from January to May at 2310,000 mt up 22.1 % YoY.# An unexpected drop in weekly U.S. jobless claims soothed worries about Chinese economic growth and increased the possibility of a U.S. rate rise in June or July.# Warehouse stock for Copper at LME was at 210675mt that is down by -2550mt. MCX
13/06/2016 10:14am *Silver trading range for the day is 40504-41422.# Silver prices gained as investors remained bullish on the precious metal while global bond yields and stocks continued to dip.# Investors continued to pile into safe-haven assets such as precious metals, as government bond yields worldwide tumbled to fresh record lows.# Holdings at ishares silver trust gained by 0.49% i.e. 51.75 tonnes to 10587.29 tonnes from 10535.54 tonnes.# In Fridays June flash report, Michigans Consumer Survey Center said its consumer sentiment index fell by 0.4 to 94.3, remaining near one-year highs. MCX

EQUITY TRADING CALLS

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