COMMODITY ONLINE NEWS AND CALLS
Commodity News upadated
DATE
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PARTICULARS
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SEGMENTS
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| 14/06/2016 05:11am |
ZINCMINI BUY AT 136.80 STOPLOSS 135.80 TARGET: 137.40/138 CMP 136.75 DISCLAIMER |
MCX |
| 14/06/2016 02:04Pm |
Daily LME stock is as follows: Aluminium down by -7525MT, Copper down by -4350MT, Lead down by -25MT, Nickel down by -3072MT & Zinc up by 4000MT. |
MCX |
| 14/06/2016 01:24Pm |
USDINR RBI Reference Rate for Today is Rs.67.1520
EURINR RBI Reference Rate for Today is Rs.75.7542
GBPINR RBI Reference Rate for Today is Rs.95.1007
JPYINR RBI Reference Rate for Today is Rs.63.4600
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CURRENCY |
| 14/06/2016 10:09am |
Today US Data : NFIB Small Business Optimism Index 3:30 PM Retail Sales 6:00 PM Import and Export Prices 6:00 PM Redbook 6:25 PM Business Inventories 7:30 PM |
MCX |
| 14/06/2016 10:08am |
Gold trading range for the day is 29942-30702. Gold gained as worries about a potential exit by the U.K. from the European Union left investors scrambling for safe haven assets. Holdings in SPDR Gold Trust, the worlds largest gold-backed exchange-traded fund, rose 0.27 percent to 896.30 tonnes on Monday, the highest since October 2013. The Fed, BOE and BOJ will all meet this week, and are expected to hold monetary policy steady against a backdrop of caution about the global economic outlook. Speculators raised their net long position in COMEX gold contracts in the week to June 7, and cut their bullish stance in silver, U.S. CFTC data showed. |
MCX |
| 14/06/2016 10:08am |
Crudeoil trading range for the day is 3200-3346. Crude oil dropped with the market digesting the fresh OPEC monthly report, and as worries over Chinas economy returned amid a rising oil rig count. OPEC said in its monthly oil report that world oil demand growth for this year is expected to remain unchanged from the previous forecasts at 1.20 mbpd. Demand for OPEC crude is projected to be at 31.5 million bpd this year, unchanged from the previous report and 1.8 million bpd higher than last year. The International Energy Agency will also release its monthly outlook report on Tuesday. |
MCX |
| 14/06/2016 10:08am |
Copper trading range for the day is 300.7-309.3. Copper rose in cautious trade ahead of central bank meetings in the United States, Europe and Japan. Copper last week faced pressure from the large amount of metal delivered into LME-approved warehouses. Stocks were up more than 18 percent at 213,225 tonnes on June 8, though the latest data shows LME copper stocks down 2,550 tonnes. Warehouse stock for Copper at LME was at 207625mt that is down by -3050mt. |
MCX |
| 14/06/2016 10:08am |
Zinc trading range for the day is 137.4-140.6. Zinc settled flat tracking weakness in LME prices fell 0.4 percent to end at $2,077 a tonne on profit booking. The metal last week hit $2,105.50, its highest since July last year, it is up about 28 percent so far this year on worries about shortages in 2016. Zinc daily stocks at Shanghai exchange came up by 790 tonnes. Warehouse stock for Zinc at LME was at 380075mt that is down by -325mt. |
MCX |
| 14/06/2016 10:08am |
Aluminium trading range for the day is 103.8-109.4. Aluminium prices gained boosted by the dollars softer tone due to expectations the U.S. Fed will keep rates on hold this week. Growth in Chinas fixed-asset investment slipped below 10 percent for the first time since 2000 in the first five months of the year. Aluminum daily stocks at Shanghai exchange came up by 6130 tonnes. Warehouse stock for Aluminium at LME was at 2468850mt that is down by -5375mt. |
MCX |
| 14/06/2016 10:06am |
Naturalgas trading range for the day is 171.5-178.5. Natural gas rose to a nine-month high, on forecasts for continued above-normal temperatures across most parts of the U.S. over the next two weeks. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early summer cooling demand. Meanwhile, traders looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel. Chinas production of natural gas rose 4.3 percent in May from a year earlier to 10.8 billion cubic metres, the statistics agency said. |
MCX |
| 14/06/2016 10:05am |
Nickel trading range for the day is 591.2-602.6. Nickel prices remained under pressure as weak investment data from top consumer China weighed on prices. A global refined nickel market deficit widened to 10,100 tonnes in April from a month earlier, the International Nickel Study Group (INSG) said. The main union at South32 Ltd.s Cerro Matoso mine in Colombia, said theres a greater chance of reaching a three-year wage agreement. Warehouse stock for Nickel at LME was at 393732mt that is down by -930mt. |
MCX |
| 14/06/2016 10:03am |
Silver trading range for the day is 40478-41994. Silver gained supported by a softer dollar ahead of key central bank meetings this week and Britains June 23 referendum on its EU membership. Fading expectations for a Federal Reserve rate hike have driven prices sharply higher so far this month. Fed is set to meet on Tuesday and Wednesday, with market players waiting for clues about when the central bank might next look to move on interest rates. Technically market is under fresh buying as market has witnessed gain in open interest by 3.17% to settle at 10933. |
MCX |
