Commodity Weekly Report By ways2capital.com 28 April 2014


Posted April 30, 2014 by ways2capital

A: Commencement of Futures Trading in Thirteen New Contracts- Following thirteen new contracts has been available for futures trading with effect from Tuesday, April 22, 2014.

 
MCX - WEEKLY NEWS LETTERS
A: Commencement of Futures Trading in Thirteen New Contracts-
Following thirteen new contracts has been available for futures trading with effect from Tuesday, April 22, 2014.
1 Aluminum August 2014
2 Aluminum Mini August 2014
3 Gold April 2015
4 Gold Guinea July 2014
5 Gold Petal July 2014
6 Gold Petal (New Delhi) July 2014
7 Lead August 2014
8 Lead Mini August 2014
9 Nickel August 2014
10 Nickel Mini August 2014
11 Silver Micro November 2014
12 Zinc August 2014
13 Zinc Mini August 2014
B: Commencement of Futures Trading in Crude Oil October 2014 Contract-
Crude Oil October 2014 contract will be available for futures trading with effect from Tuesday, April 22, 2014.

C: US ECONOMY-
US Unemployment claims moved to 329K vs 305K (Pre. 304K). India Rupee Stronged against US dollar and is currently trading at 60.61.

D: Precious Metals-
Gold June on the (MCX) up at 28,790/10gms and silver moved up to `42,482/kg Gold prices moved higher on Thursday after rising tensions in Ukraine and Russia turned buying trend in gold.
E: Base Metals-
In New York, COMEX copper for April delivery moved up 1.77% for the day. Three month copper on the London Metal Exchange closed up by 1.10% at $6751.00 tonne. Copper prices moved up more than 1.5% on Thursday as sudden Demand from china. But on Friday on MCX Copper moved in downtrend in morning session due to supported by stronger rupee against USD. Other base metals can follow Copper trend.
F: Energy
Crude Oil- U.S. crude oil futures settled higher 0.49% at $101.94 per barrel. NYMEX Crude prices moved up by 0.49% on Thursday over tensions in Ukraine increases. But on friday on MCX Crude oil showed bearish sentiments due to over higher crude supply.

H: Next week following important data set to be release:-
USA
Crude Oil Inventory
Unemployment Claims
Natural Gas Storage

NCDEX - WEEKLY NEWS LETTERS
A: Due to maintenance activity being carried out at the Exchange, services like NCDEX website, WebNCFE, WebExtranet, WebNCCL and ComTrack portal will not be available between 9:00 AM to 6:00 PM on the Saturdays 3rd May 2014.
B: The Exchange is pleased to announce that, as per the Bye-laws, Rules and Regulations of the Exchange and with the approval of the Forward Markets Commission, futures contracts in Guar Seed (Symbol: GUARSEED), Guar Seed (10 MT) (Symbol: GUARSEED10) and Guar Gum (Symbol: GUARGUM) expiring in the month of August 2014 would be available for trading from April 25, 2014 with existing contract specifications. Contracts for further expiries will be launched as per the enclosed contract launch calendar.
C: Higher Jeera arrivals put cap on prices stockists as well as farmers were releasing their stocks in the domestic market. At Unjha market in Mehsana. Jeera(Cumin Seed) Loose New started the day lower at Rs. 9725-9825 per quintal, lower by 1.26 per cent from previous trading session.

1. Current Rabi 2014-15 season in last year's 250 million tonnes of wheat procurement is likely to be less. Roller Flour Millers Federation of India at a function held here on Tuesday by the Food Secretary Sudhir Kumar said that wheat procurement target of 310 million tonnes is expected to be low. Central pool at 178.34 lakh tonnes of wheat stocks in April, which is more than the prescribed buffer,According to initial estimates, a record production of wheat is estimated at 956 million tonnes in the 2012-13 crop was 935.1 million tonnes. According to FCI, yet only 75.75 lakh tonnes of wheat at MSP purchases only.
D: NCDEX Future Contract are trading with high volume:
Soyabean - MAY. Contract
Refi. Soya - MAY Contract
Castorseed - MAY Contract
RM Seed - MAY Contract
Dhaniya - MAY Contract
Chana - MAY. Contract
Castorseed - MAY Contract
RM Seed - MAY Contract
Dhaniya - MAY Contract
Chana - MAY Contract



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Last Updated April 30, 2014