Mcx Commodity Market News : Morning Session : 29.07.2016
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Aluminium futures up on spot demand 29/07/2016 11:45
Aluminium futures were trading higher during the late morning trade in the domestic market on Friday as traders widened their bets amid surge in physical demand for aluminium in the domestic spot market.
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Oil in reverse gear on glut fears 29/07/2016 11:15
Crude oil futures fell during morning trade in the domestic market on Friday as investors and speculators exited positions in the energy commodity amid fears that a slowing global economic recovery may exacerbate a global supply glut in crude and refined products. While Goldman Sachs said this week that it doesn’t expect a recovery in oil prices in the near-term, US inventories of crude oil rose for the first time in ten weeks and production too climbed, signaling a bearish outlook for the fuel
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Zinc futures down 0.47% on sluggish demand 29/07/2016 11:06
Zinc futures were trading lower during the morning trade in the domestic market on Friday as participants remained on the sidelines amid decline in demand in the domestic spot markets. Further, subdued trend at spot market on decrease in demand from consuming industries, influenced zinc prices in futures trade.
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Nickel futures slide as muted demand hurts 29/07/2016 10:59
Nickel futures were trading lower during the morning trade in the domestic market on Friday as traders trimmed their bets amid a subdued trend at domestic market on the back of muted demand from alloy-makers.Further, the fall in domestic demand from alloy-makers at the domestic spot markets, influenced the down trend in nickel prices at the futures trade
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Mentha oil futures slide 0.27% on subdued demand 29/07/2016 10:52
Mentha oil futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators cut down their bets in the agri-commodity amid muted physical demand from major consuming industries for Mentha oil in the domestic spot market.
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Cardamom futures surge on pickup in demand 29/07/2016 10:47
Cardamom futures were trading higher during the morning trade in the domestic market on Friday as investors widened their bets in the agri-commodity amid a pickup in physical demand for Cardamom in the domestic spot market. Further, restricted supplies amid lower physical arrivals from the major Cardamom producing belts in the country too exerted upward pressure on domestic Cardamom prices
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Crude oil down on rising crude supply 29/07/2016 08:55
Crude oil futures closed lower in the domestic market on Thursday after U.S. government data showed unexpected increases in weekly supplies of both crude oil and gasoline, along with a climb in total domestic crude production. The worry is that the swelling glut of gasoline will prompt refiners to buy less crude oil going forward, causing the global glut of crude to linger longer and put prices under pressure.
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Silver up on firm overseas cues 29/07/2016 08:54
Silver futures closed higher in the domestic market on Thursday tracking a firm trend in global market. Also, traders took the Fed's updated policy statement as emphasizing a reluctance to lift rates too quickly, in the wake of the U.K.'s decision to exit the European Union, which can be supportive for silver futures.
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Gold rises after Fed’s dovish stance 29/07/2016 08:53
Gold futures closed higher in the domestic market on Thursday as many gold investors saw the Fed as dovish, even if it left a September interest-rate increase on the table. To some traders, the central bank’s statement emphasized a reluctance to lift rates too quickly, in the wake of the U.K.’s decision to exit the European Union. Uncertainty in the aftermath of the so-called Brexit vote has been supportive for gold futures.
Free Commodity News ( Call - 9841986753)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Aluminium futures up on spot demand 29/07/2016 11:45
Aluminium futures were trading higher during the late morning trade in the domestic market on Friday as traders widened their bets amid surge in physical demand for aluminium in the domestic spot market.
**********************************
Oil in reverse gear on glut fears 29/07/2016 11:15
Crude oil futures fell during morning trade in the domestic market on Friday as investors and speculators exited positions in the energy commodity amid fears that a slowing global economic recovery may exacerbate a global supply glut in crude and refined products. While Goldman Sachs said this week that it doesn’t expect a recovery in oil prices in the near-term, US inventories of crude oil rose for the first time in ten weeks and production too climbed, signaling a bearish outlook for the fuel
*****************************************
Zinc futures down 0.47% on sluggish demand 29/07/2016 11:06
Zinc futures were trading lower during the morning trade in the domestic market on Friday as participants remained on the sidelines amid decline in demand in the domestic spot markets. Further, subdued trend at spot market on decrease in demand from consuming industries, influenced zinc prices in futures trade.
****************************************
Nickel futures slide as muted demand hurts 29/07/2016 10:59
Nickel futures were trading lower during the morning trade in the domestic market on Friday as traders trimmed their bets amid a subdued trend at domestic market on the back of muted demand from alloy-makers.Further, the fall in domestic demand from alloy-makers at the domestic spot markets, influenced the down trend in nickel prices at the futures trade
****************************************
Mentha oil futures slide 0.27% on subdued demand 29/07/2016 10:52
Mentha oil futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators cut down their bets in the agri-commodity amid muted physical demand from major consuming industries for Mentha oil in the domestic spot market.
***************************************
Cardamom futures surge on pickup in demand 29/07/2016 10:47
Cardamom futures were trading higher during the morning trade in the domestic market on Friday as investors widened their bets in the agri-commodity amid a pickup in physical demand for Cardamom in the domestic spot market. Further, restricted supplies amid lower physical arrivals from the major Cardamom producing belts in the country too exerted upward pressure on domestic Cardamom prices
***************************************
Crude oil down on rising crude supply 29/07/2016 08:55
Crude oil futures closed lower in the domestic market on Thursday after U.S. government data showed unexpected increases in weekly supplies of both crude oil and gasoline, along with a climb in total domestic crude production. The worry is that the swelling glut of gasoline will prompt refiners to buy less crude oil going forward, causing the global glut of crude to linger longer and put prices under pressure.
***************************************
Silver up on firm overseas cues 29/07/2016 08:54
Silver futures closed higher in the domestic market on Thursday tracking a firm trend in global market. Also, traders took the Fed's updated policy statement as emphasizing a reluctance to lift rates too quickly, in the wake of the U.K.'s decision to exit the European Union, which can be supportive for silver futures.
***************************************
Gold rises after Fed’s dovish stance 29/07/2016 08:53
Gold futures closed higher in the domestic market on Thursday as many gold investors saw the Fed as dovish, even if it left a September interest-rate increase on the table. To some traders, the central bank’s statement emphasized a reluctance to lift rates too quickly, in the wake of the U.K.’s decision to exit the European Union. Uncertainty in the aftermath of the so-called Brexit vote has been supportive for gold futures.
