Mcx Commodity Market News: Evening Session - 14.9.2016
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Gold futures little changed ahead of key US data
14/09/2016 16:59
GOLD: DOWN TREND
Gold futures were little changed during the evening trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal amid caution ahead of US retail sales data set for release tomorrow which may signal the health of the world’s biggest economy, and possibly offer some clues over the probability of a near-term US interest rate hike.
US retail sales probably fell 0.1 per cent in August 2016 from the previous month, that may pare back expectations of a rate hike in September.
At the MCX, gold futures for October 2016 contract is trading at Rs 31,061 per 10 grams, down by 0.06 per cent, after opening at Rs 31,030, against a previous close of Rs 31,081. It touched the intra-day low of Rs 31,003 (at 16:52 hours).
Copper futures up 0.79% on spot demand, global cues
14/09/2016 15:59
COPPER: UPTREND
Copper futures were trading higher during the evening trade in the domestic market on Wednesday as investors and speculators widened their positions in the industrial metal on upsurge in demand from consuming industries in the spot market and tracking firm trend in base metals overseas. Further, uptick in demand at the spot market followed by a firming trend in global markets, supported copper prices at futures trade. At the MCX, copper futures for November 2016 contract is trading at Rs 318.70 per kg, up by 0.79 per cent, after opening at Rs 316.70, against a previous close of Rs 316.20. It touched the intra-day high of Rs 319.60 (at 15:49 hours).
Silver bulls regain control
14/09/2016 14:44
SILVER: UPTREND
Silver futures rose during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal tracking a firm overseas trend even as a stronger dollar curbed the lure for silver as an alternative asset.
Investors are eying the next moves from key central banks after the ECB last week refrained from fresh stimulus. Despite hawkish comments from Fed officials recently, the US central bank is unlikely to raise interest rates next week while the Bank of England & Bank of Japan may weigh up more stimulus.
At the MCX, silver futures for December 2016 contract closed at Rs 45,735 per kg, up by 0.51 per cent, after opening at Rs 45,510, against a previous close of Rs 45,501. It touched the intra-day high of Rs 45,790. (At 14:40 PM).
Strong physical demand lifts Zinc
14/09/2016 14:37
ZINC: UPTREND
Zinc futures rose during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market.
Meanwhile, the gains in the industrial metal maybe checked by weakness in the 19-member Euro area economy as the region’s industrial output fell 1.1 per cent in July 2016 from the same month a year ago.
At the MCX, zinc futures for September 2016 contract is trading at Rs 149.7 per kg, up by 0.27 per cent, after opening at Rs 149.55, against a previous close of Rs 149.30. It touched the intra-day high of Rs 150 (at 14:35 PM).
Bullion in reverse gear ahead of key US data
14/09/2016 14:05
BULLION: UPTREND
Gold futures were trading lower during noon trade in the domestic market on Wednesday as investors stayed cautious ahead of US retail sales data set for release tomorrow which may signal the health of the world’s biggest economy, and possibly offer some clues over the probability of a near-term US interest rate hike.
US retail sales probably fell 0.1 per cent in August 2016 from the previous month, that may pare back expectations of a September rate hike.
At the MCX, gold futures for October 2016 contract closed at Rs 31,007 per 10 grams, down by 0.24 per cent, after opening at Rs 31,030, against a previous close of Rs 31,081. It touched the intra-day low of Rs 31,005. (At 14:02 PM).
Firm physical demand buoys Mentha Oil
14/09/2016 13:56
MENTHAOIL: UPTREND
Mentha oil futures rose during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for mentha oil in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major mentha oil producing belts in the country also exerted upward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for September 2016 contract is trading at Rs 906 per kg, up by 0.37 per cent after opening at Rs 905.10, against the previous closing price of Rs 902.70. It touched the intra-day high of Rs 909.4 (at 13:54 PM).
Firm physical demand lifts Cardamom
14/09/2016 13:55
CARDAMOM: UPTREND
Cardamom futures jumped during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions 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 also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,190 per kg, up by 0.72 per cent, after opening at Rs 1,200, against a previous close of Rs 1,181.50. It touched the intra-day high of Rs 1,200 (at 13:47 PM).
Sluggish demand hurts lead futures
14/09/2016 12:35
LEAD: UPTREND
Lead futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators cut down their bets in the industrial metal due to sluggish physical demand for lead from battery-makers in domestic spot market.
Further, offloading of positions by participants led to slide in demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for September 2016 contract is trading at Rs 126.50 per kg, down by 0.16 per cent, after opening at Rs 126.20, against a previous close of Rs 126.70. It touched the intra-day low of Rs 125.95 (at 12:32 hours).
Muted demand drag aluminium futures by 0.19%
14/09/2016 12:29
ALUMINIUM: UPTREND
Aluminium futures were trading lower during the noon trade in the domestic market on Wednesday as participants were indulged in trimming their positions on muted physical demand for aluminium in the domestic spot market.
Further, sluggish demand for aluminium at the domestic spot market was attributed to cut down of bets by participants in the spot markets, thus influenced aluminium prices at futures trade.
At the MCX, aluminium futures for September 2016 contract is trading at Rs 104.15 per kg, down by 0.19 per cent, after opening at Rs 104.20, against a previous close of Rs 104.35. It touched the intra-day low of Rs 104 (at 12:28 hours).
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Gold futures little changed ahead of key US data
14/09/2016 16:59
GOLD: DOWN TREND
Gold futures were little changed during the evening trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal amid caution ahead of US retail sales data set for release tomorrow which may signal the health of the world’s biggest economy, and possibly offer some clues over the probability of a near-term US interest rate hike.
US retail sales probably fell 0.1 per cent in August 2016 from the previous month, that may pare back expectations of a rate hike in September.
At the MCX, gold futures for October 2016 contract is trading at Rs 31,061 per 10 grams, down by 0.06 per cent, after opening at Rs 31,030, against a previous close of Rs 31,081. It touched the intra-day low of Rs 31,003 (at 16:52 hours).
Copper futures up 0.79% on spot demand, global cues
14/09/2016 15:59
COPPER: UPTREND
Copper futures were trading higher during the evening trade in the domestic market on Wednesday as investors and speculators widened their positions in the industrial metal on upsurge in demand from consuming industries in the spot market and tracking firm trend in base metals overseas. Further, uptick in demand at the spot market followed by a firming trend in global markets, supported copper prices at futures trade. At the MCX, copper futures for November 2016 contract is trading at Rs 318.70 per kg, up by 0.79 per cent, after opening at Rs 316.70, against a previous close of Rs 316.20. It touched the intra-day high of Rs 319.60 (at 15:49 hours).
Silver bulls regain control
14/09/2016 14:44
SILVER: UPTREND
Silver futures rose during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal tracking a firm overseas trend even as a stronger dollar curbed the lure for silver as an alternative asset.
Investors are eying the next moves from key central banks after the ECB last week refrained from fresh stimulus. Despite hawkish comments from Fed officials recently, the US central bank is unlikely to raise interest rates next week while the Bank of England & Bank of Japan may weigh up more stimulus.
At the MCX, silver futures for December 2016 contract closed at Rs 45,735 per kg, up by 0.51 per cent, after opening at Rs 45,510, against a previous close of Rs 45,501. It touched the intra-day high of Rs 45,790. (At 14:40 PM).
Strong physical demand lifts Zinc
14/09/2016 14:37
ZINC: UPTREND
Zinc futures rose during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market.
Meanwhile, the gains in the industrial metal maybe checked by weakness in the 19-member Euro area economy as the region’s industrial output fell 1.1 per cent in July 2016 from the same month a year ago.
At the MCX, zinc futures for September 2016 contract is trading at Rs 149.7 per kg, up by 0.27 per cent, after opening at Rs 149.55, against a previous close of Rs 149.30. It touched the intra-day high of Rs 150 (at 14:35 PM).
Bullion in reverse gear ahead of key US data
14/09/2016 14:05
BULLION: UPTREND
Gold futures were trading lower during noon trade in the domestic market on Wednesday as investors stayed cautious ahead of US retail sales data set for release tomorrow which may signal the health of the world’s biggest economy, and possibly offer some clues over the probability of a near-term US interest rate hike.
US retail sales probably fell 0.1 per cent in August 2016 from the previous month, that may pare back expectations of a September rate hike.
At the MCX, gold futures for October 2016 contract closed at Rs 31,007 per 10 grams, down by 0.24 per cent, after opening at Rs 31,030, against a previous close of Rs 31,081. It touched the intra-day low of Rs 31,005. (At 14:02 PM).
Firm physical demand buoys Mentha Oil
14/09/2016 13:56
MENTHAOIL: UPTREND
Mentha oil futures rose during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for mentha oil in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major mentha oil producing belts in the country also exerted upward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for September 2016 contract is trading at Rs 906 per kg, up by 0.37 per cent after opening at Rs 905.10, against the previous closing price of Rs 902.70. It touched the intra-day high of Rs 909.4 (at 13:54 PM).
Firm physical demand lifts Cardamom
14/09/2016 13:55
CARDAMOM: UPTREND
Cardamom futures jumped during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions 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 also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,190 per kg, up by 0.72 per cent, after opening at Rs 1,200, against a previous close of Rs 1,181.50. It touched the intra-day high of Rs 1,200 (at 13:47 PM).
Sluggish demand hurts lead futures
14/09/2016 12:35
LEAD: UPTREND
Lead futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators cut down their bets in the industrial metal due to sluggish physical demand for lead from battery-makers in domestic spot market.
Further, offloading of positions by participants led to slide in demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for September 2016 contract is trading at Rs 126.50 per kg, down by 0.16 per cent, after opening at Rs 126.20, against a previous close of Rs 126.70. It touched the intra-day low of Rs 125.95 (at 12:32 hours).
Muted demand drag aluminium futures by 0.19%
14/09/2016 12:29
ALUMINIUM: UPTREND
Aluminium futures were trading lower during the noon trade in the domestic market on Wednesday as participants were indulged in trimming their positions on muted physical demand for aluminium in the domestic spot market.
Further, sluggish demand for aluminium at the domestic spot market was attributed to cut down of bets by participants in the spot markets, thus influenced aluminium prices at futures trade.
At the MCX, aluminium futures for September 2016 contract is trading at Rs 104.15 per kg, down by 0.19 per cent, after opening at Rs 104.20, against a previous close of Rs 104.35. It touched the intra-day low of Rs 104 (at 12:28 hours).
