Mcx Commodity Market News : Evening Session - 22.08.2016

Mcx Commodity Market News : Evening Session - 22.08.2016


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Zinc futures drop on overseas cues
22/08/2016 16:59
Zinc futures were trading lower during the evening trade in the domestic market on Monday as investors and speculators trimmed their bets amid tracking weak trend in global markets. Further, subdued demand for zinc from consuming industries at the domestic spot market, too influenced zinc prices at futures trade. At the MCX, zinc futures for August 2016 contract is trading at Rs 153.50 per kg, down by 0.26 per cent, after opening at Rs 153.40, against a previous close of Rs 153.90. It touched the intra-day low of Rs 152.50 (at 16:56 hours).


Mentha oil futures slide on subdued demand
22/08/2016 16:34
Mentha oil futures were trading lower during the evening trade in the domestic market on Monday as participants trimmed their positions in the agri-commodity amid muted physical demand from major consuming industries for mentha oil in the domestic spot market. Further, adequate stocks position on increased supplies from producing regions, too influenced prices of mentha oil at futures trade. At the MCX, mentha oil futures for August 2016 contract were trading at Rs 882.50 per kg, down by 0.41 per cent after opening at Rs 887.90, against the previous closing price of Rs 886.10. It touched the intra-day low of Rs 880.60 (at 16:32 hours).

Cardamom futures zoom 4% on uptick in demand
22/08/2016 16:03
Cardamom futures were trading higher during the evening trade in the domestic market on Monday as investors and speculators widened their bets in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, tight stocks position on restricted supplies from producing regions, too supported the uptrend in domestic cardamom prices. At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,168.30 per kg, up by 4 per cent, after opening at Rs 1,129, against a previous close of Rs 1,123.40. It touched the intra-day high of Rs 1,168.30 (at 16:00 hours).

Crude oil futures slump on rise in US rig count
22/08/2016 15:33
Crude oil futures were trading lower during the afternoon trade in the domestic market on Monday as participants exited positions in the energy commodity amidst weak trend overseas. Further, trading sentiment eased at the futures trade after tracking global markets as investors booked profits on growing fear the rise in oil prices will prompt more US shale oil players to return to the oil patches. At the MCX, crude oil futures for September 2016 contract is trading at Rs 3,250 per barrel, down by 1.28 per cent, after opening at Rs 3,295, against a previous close of Rs 3,292. It touched the intra-day low of Rs 3,245 (at 15:19 hours).

Cardamom rises on spot demand
22/08/2016 15:12
Cardamom futures were trading higher during the afternoon trade in the domestic market on Monday as speculators built up fresh position amid rising domestic as well as export demand in the spot market and restricted supplies from producing regions. Besides, tight supplies from producing regions also added support to the uptrend. At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,168.30 per kg, up by 4 per cent, after opening at Rs 1,129, against a previous close of Rs 1,123.40. It touched the intra-day high of Rs 1,168.30 (at 15:16 hours).


LME Inventories Data: Aug 22, 2016
22/08/2016 14:04
Copper stocks +18750 MT to 229375, Aluminum Stocks -3500 MT to 2241550 MT, Nickel Stocks +180 MT to 373692 MT, Zinc Stocks -675 MT to 455200 MT, Lead Stocks +875 MT to 187900 MT.