Mcx Commodity Futures - Rupeedesk Consultancy: NICKEL

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Mcx Commodity News for Aluminium, Zinc, Nickel, Menthaoil : Morning Session - 26.10.2016

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Aluminium futures fall on ease of demand
26/10/2016 10:40
Aluminium futures were trading lower during the morning trade in the domestic market on Wednesday as participants indulged in trimming their positions in the industrial metal amidst fall in physical demand for aluminium in the domestic spot market. Further, a drop in demand for aluminium at the domestic spot market was due to exiting of positions by traders in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.10 per kg, down by 0.18 per cent, after opening at Rs 111.40, against a previous close of Rs 111.30. It touched the intra-day low of Rs 111.05 (at 10:39 hours).

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Zinc futures drop 0.60% on sluggish physical demand
26/10/2016 10:35
Zinc futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators exited their positions in the industrial metal amid sluggish physical demand from consuming industries at the domestic spot markets. Further, participants indulged in trimming their bets in the industrial metal due to slide in demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 156.50 per kg, down by 0.60 per cent, after opening at Rs 156.85, against a previous close of Rs 157.45. It touched the intra-day low of Rs 156.50 (at 10:27 hours).

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Subdued demand drags down nickel futures by 0.28%
26/10/2016 10:31
Nickel futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand for nickel from major consuming industries in the domestic spot market. The prices of nickel fall due to exiting of positions by participants in the industrial metal on account of subdued physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for October 2016 contract is trading at Rs 680.10 per kg, down by 0.28 per cent, after opening at Rs 681.90, against a previous close of Rs 682. It touched the intra-day low of Rs 679.90 (at 10:27 hours).

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Mentha oil futures surge on spot demand
26/10/2016 10:26
Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday as participants extended their positions in the agri-commodity amid uptick in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, building up of fresh positions by traders in the spot market led by an increase in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade. At the MCX, mentha oil futures for October 2016 contract were trading at Rs 895 per kg, up by 0.19 per cent after opening at Rs 894.10, against the previous closing price of Rs 893.30. It touched the intra-day high of Rs 896 (at 10:27 hours).

Mcx Commodity News for Cardamom, Silver, Nickel, Crudeoil : Evening Session - 25.10.2016

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Cardamom futures gain on upsurge in demand
25/10/2016 16:49
Cardamom futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators extended their positions in the agri-commodity amid upsurge in physical demand for cardamom in the domestic spot market along with export demand. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1228.90 per kg, up by 0.20 per cent, after opening at Rs 1249, against a previous close of Rs 1226.40. It touched the intra-day high of Rs 1253 (at 16:50 hours).

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White metal shines on global cues
25/10/2016 16:43
Silver futures were trading higher during the evening trade in the domestic market on Tuesday as participants widened their bets in the precious metal tracking positive cues from global markets.
Further, analysts attributed the rise in silver prices at futures trade to a firm trend in the precious metal overseas where silver rose to the highest in more than 2 weeks after European manufacturing data added to evidence of a pick up in the region's economy, boosting the demand outlook for metals.
At the MCX, silver futures for December 2016 contract is trading at Rs 42323 per kg, up by 0.63 per cent, after opening at Rs 42151, against a previous close of Rs 42058. It touched the intra-day high of Rs 42417 (at 16:33 hours).

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Nickel futures zoom 1.46% on uptick in demand
25/10/2016 16:38
Nickel futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for nickel from major consuming industries in the domestic spot market. The prices of nickel rise due to raising of positions by participants in the industrial metal on account of upsurge in spot demand from alloy-makers at domestic spot markets.
At the MCX, nickel futures for October 2016 contract is trading at Rs 687.50 per kg, up by 1.46 per cent, after opening at Rs 680.40, against a previous close of Rs 677.60. It touched the intra-day high of Rs 688.30 (at 16:41 hours).

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Crude oil futures rise ahead of US data
25/10/2016 16:37
Crude oil futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators widened their positions in the energy commodity ahead of the release of the US crude inventory data.
However, a flurry of top-level comments from OPEC members regarding chances of an output cut restricted further rise in prices.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3403 per barrel, up by 1.43 per cent, after opening at Rs 3360, against a previous close of Rs 3355. It touched the intra-day high of Rs 3414 (at 16:33 hours).

Mcx Commodity News for Menthaoil. Cardamom, Nickel, Gold: Evening Session - 20.10.2016

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Gold up on feeble US housing data
20/10/2016 15:47
Gold futures were trading higher in the domestic market on Thursday as the U.S. dollar continued to trade off multimonth highs hit earlier this month on the back of a drop in monthly domestic housing starts.
The downbeat economic data could dull prospects for an interest-rate increase by the Federal Reserve before the year is up which may help gold rise.
At the MCX, gold futures for December 2016 contract were trading at Rs 29965 per 10 grams, up by 0.21 per cent, after opening at Rs 29,990, against a previous close of Rs 29,901. It touched the intra-day high of Rs 30,005. (at 15:48 hrs)

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Mentha oil futures down by 0.30%
20/10/2016 15:25
Mentha oil futures were trading lower during the afternoon trade in the domestic market on Thursday as participants trimmed their positions, despite increasing demand from major consuming industries against restricted supplies from major producing regions.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 909.40 per kg, down by 0.30 per cent after opening at Rs 912.50, against the previous closing price of Rs 912.10. It touched the intra-day low of Rs 907.30 (at 15:25 hours).

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Rise in demand lifts cardamom futures by 0.47%
20/10/2016 14:41
Cardamom futures were trading higher during the afternoon trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1180 per kg, up by 0.47 per cent, after opening at Rs 1185, against a previous close of Rs 1174.50. It touched the intra-day high of Rs 1200 (at 14:46 hours).

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Nickel bears in control
20/10/2016 14:19
Nickel futures dipped by 0.31 per cent during afternoon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for nickel from alloy-makers in the domestic spot market. Traders seemed unimpressed with Chinese economic data as Q3 economic growth was unchanged at 6.7 per cent from the June quarter while industrial output growth of 6.1 per cent in September came in below estimates, clouding the metal’s demand outlook.
At the MCX, nickel futures for October 2016 contract is trading at Rs 683.70 per kg, down by 0.31 per cent, after opening at Rs 686.50, against a previous close of Rs 685.80 It touched the intra-day low of Rs 683.20. (at 14:24 hrs).

Mcx Commodity News for Zinc, Lead, Nickel: Morning Session - 18.10.2016

Mcx Commodity Market News : Morning Session - 18.10.2016

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Muted demand drags down zinc futures by 0.16%
18/10/2016 10:47
Zinc futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the industrial metal amid a fall in demand from consuming industries at the domestic spot markets.
Further, participants cut down their positions in the industrial metal due to sluggish demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 151.70 per kg, down by 0.16 per cent, after opening at Rs 151.95, against a previous close of Rs 151.95. It touched the intra-day low of Rs 151.60 (at 10:45 hours).

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Nickel futures gain on upsurge in demand
18/10/2016 10:41
Nickel futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators widened their bets in the industrial metal amid an increase in physical demand for nickel from major consuming industries in the domestic spot market.
The prices of nickel rise due to build up of fresh positions by participants in the industrial metal on account of upsurge in spot demand in the domestic spot market. At the MCX, nickel futures for October 2016 contract is trading at Rs 689.20 per kg, up by 0.16 per cent, after opening at Rs 689.50, against a previous close of Rs 688.10. It touched the intra-day high of Rs 690.50 (at 10:37 hours).

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Lead futures little changed on diminishing demand
18/10/2016 10:17
Lead futures were little changed during the morning trade in the domestic market on Tuesday as participants cut down their bets in the industrial metal due to muted physical demand for lead, from battery-makers, in the domestic spot market.
Further, a fall in demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 132.75 per kg, down by 0.08 per cent, after opening at Rs 132.95, against a previous close of Rs 132.85. It touched the intra-day low of Rs 132.65 (at 10:16 hours).

Mcx Commodity News for Aluminum, Crudeoil, Nickel, Menthaoil, Cardamom : Morning Session - 14.10.2016

Mcx Commodity Market News : Morning Session - 14.10.2016

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Aluminium gains as demand picks up
14/10/2016 12:34
Aluminium futures were trading higher during the afternoon trade in the domestic market on Friday as speculators enlarged positions, driven by rising demand from consuming industries in the spot market.
Analysts said increasing of positions by participants, driven by rising demand from consuming industries in the spot market, mainly led to rise in aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 112.80 per kg, up by 0.04 per cent, after opening at Rs 112.85, against a previous close of Rs 112.75. It touched the intra-day high of Rs 112.95 (at 12:27 hours).

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Crude oil rises as US output drops
14/10/2016 12:28
Crude oil futures were trading higher in the domestic market on Friday in the wake of a U.S. government report that revealed the first weekly rise in crude supplies since the end of August, but also a drop in output for the lower 48 states to the lowest level in over two years.
At the MCX, crude oil futures for October 2016 contract was trading at Rs 3393 per barrel, up by 0.83 per cent, after opening at Rs 3386, against a previous close of Rs 3365. It touched the intra-day high of Rs 3402. (At 12:33 PM).

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Muted demand drags down nickel futures
14/10/2016 11:34
Nickel futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal amid muted physical demand for nickel from major consuming industries in the domestic spot market. The prices of nickel fell due to trimming of positions by participants in the industrial metal on account of slide in spot demand in the domestic spot market. At the MCX, nickel futures for October 2016 contract is trading at Rs 694.60 per kg, down by 0.26 per cent, after opening at Rs 696.60, against a previous close of Rs 696.40. It touched the intra-day low of Rs 694.10 (at 11:27 hours).

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Mentha oil futures gain on surge in demand
14/10/2016 11:30
Mentha oil futures were trading higher during the morning trade in the domestic market on Friday as participants build up fresh positions in the agri-commodity amid pick up in physical demand for mentha oil from major consuming industries in the domestic spot market. At the MCX, mentha oil futures for October 2016 contract were trading at Rs 892.60 per kg, up by 1.09 per cent after opening at Rs 884.30, against the previous closing price of Rs 883. It touched the intra-day high of Rs 896 (at 11:34 hours).

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Cardamom futures up 1.26% on pickup in demand
14/10/2016 11:26
Cardamom futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for October 2016 contract is trading at Rs 1190 per kg, up by 1.26 per cent, after opening at Rs 1190, against a previous close of Rs 1175.20. It touched the intra-day high of Rs 1190 (at 11:31 hours).

Mcx Commodity News for Zinc, Nickel, Menthaoil, Cardamom, Steel : Morning Session - 7.10.2016

Mcx Commodity Market News : Morning Session - 7.10.2016

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Zinc futures gain on upsurge in demand
07/10/2016 11:07
Zinc futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators build up fresh positions in the industrial metal amid an upsurge in demand from consuming industries at the domestic spot markets. Further, participants widened their bets in the industrial metal led by a rise in demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 155.45 per kg, up by 0.36 per cent, after opening at Rs 155.85, against a previous close of Rs 154.90. It touched the intra-day high of Rs 155.85 (at 11:06 hours).

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Nickel futures slide on subdued demand
07/10/2016 11:03
Nickel futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators exited their positions amid subdued domestic demand in the industrial metal. Further, participants cut down their bets in the industrial metal due to a slide in demand from consuming industries, influenced prices of nickel at futures trade. At the MCX, nickel futures for October 2016 contract is trading at Rs 683.60 per kg, down by 0.13 per cent, after opening at Rs 684, against a previous close of Rs 684.50. It touched the intra-day low of Rs 683.30 (at 11:02 hours).

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Pick up in demand lifts mentha oil futures by 0.16%
07/10/2016 10:58
Mentha oil futures were trading higher during the morning trade in the domestic market on Friday as participants build up fresh positions in the agri-commodity amid pick up in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, widening of positions by traders in the spot market led by a rise in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade. At the MCX, mentha oil futures for October 2016 contract were trading at Rs 868 per kg, up by 0.16 per cent after opening at Rs 869.60, against the previous closing price of Rs 866.60. It touched the intra-day high of Rs 870.50 (at 10:52 hours).

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Cardamom futures down 0.10% on muted demand
07/10/2016 10:49
Cardamom futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators remain on the sidelines in the agri-commodity amid muted physical demand for cardamom in the domestic spot market. Further, sufficient supplies amid higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1131 per kg, down by 0.10 per cent, after opening at Rs 1130, against a previous close of Rs 1132.10. It touched the intra-day low of Rs 1127.70 (at 10:49 hours).

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Steel Ministry to provide low cost affordable homes: Min
07/10/2016 10:44
Union Steel Minister Chaudhary Birender Singh has said that the steel ministry will promote recycling of scraps to increase in-house production and also provide affordable homes made of steel, which are cost effective and more durable. Commenting on the issue, Union Steel Minister Chaudhary Birender Singh told the media, "We want to increase steel consumption in the country and prepared prototypes of affordable house for Rural Development Ministry where 5 crore affordable houses will be built in coming five years." “The new scheme of PM Awas Yojana has endorsed Rs 2.20 lakh for a beneficiary. The ministry has prepared prototypes of steel which costs less than Rs two lakh a unit and three times more durable than the present structure,” he added. Emphasizing that the industry needs to promote use of steel in new and innovative ways, the minister said whether it be steel bridges, steel buildings or its related products in making roads in rural areas, steel can be used productively.

Mcx Commodity News for Gold, Lead, Nickel, Aluminum : Evening Session - 6.10.2016

Mcx Commodity Market News : Evening Session - 5.102016

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Yellow metal drops 0.34% on overseas cues
06/10/2016 13:36
Gold futures were trading lower during the afternoon trade in the domestic market on Thursday as investors and speculators cut down their positions in the precious metal on muted demand at the domestic spot market amid a weak global trend.
Further, trimming of positions by participants was in-line with a weak trend overseas amid rising bets that an improving US economy will push the US Fed to boost interest rates soon, thus reducing the appeal for gold as a safe haven asset for investors.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,815 per 10 grams, down by 0.34 per cent, after opening at Rs 29,835, against a previous close of Rs 29,916. It touched the intra-day low of Rs 29,801 (at 13:30 hours).

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Nickel futures in reverse gear
06/10/2016 13:27
Nickel futures were trading lower during the afternoon trade in the domestic market on Thursday as investors and speculators exited their positions amid subdued domestic demand in the industrial metal.
The fall in prices of nickel was in-line with a weak treand in global markets as supply concerns eased amid speculation that Philippine mines could avoid shutdowns after a government audit of producers. At the MCX, nickel futures for October 2016 contract is trading at Rs 671.60 per kg, down by 0.62 per cent, after opening at Rs 673, against a previous close of Rs 675.80. It touched the intra-day low of Rs 670.90 (at 13:24 hours).

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Lead futures up 0.15% on uptick in demand
06/10/2016 12:20
Lead futures were trading higher during the noon trade in the domestic market on Thursday as participants widened their positions in the industrial metal led by a pisk up in physical demand for lead, from battery-makers, in the domestic spot market.
Further, a rise in demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 136.25 per kg, up by 0.15 per cent, after opening at Rs 136.05, against a previous close of Rs 136.05. It touched the intra-day high of Rs 136.60 (at 12:19 hours).

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Aluminium futures slide 0.31% on sluggish demand
06/10/2016 12:16
Aluminium futures were trading lower during the noon trade in the domestic market on Thursday as participants trimmed their positions in the industrial metal amidst subdued physical demand for aluminium in the domestic spot market.
Further, sluggish demand for aluminium at the domestic spot market was due to exiting of positions by participants in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 110.80 per kg, down by 0.31 per cent, after opening at Rs 110.75, against a previous close of Rs 111.15. It touched the intra-day low of Rs 110.65 (at 12:15 hours).

Mcx Commodity News for Gold, Lead, Nickel : Evening Session - 5.10.2016

Mcx Commodity Market News : Evening Session - 5.102016

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Yellow metal little changed on muted demand

05/10/2016 14:51
Gold futures were little changed during the afternoon trade in the domestic market on Wednesday as investors and speculators cut down their positions in the precious metal amid muted demand at the domestic market.
Further, trimming of positions by traders on diminishing demand at the domestic spot market dragged gold futures to trade lower.
At the MCX, gold futures for October 2016 contract is trading at Rs 29,964 per 10 grams, down by 0.09 per cent, after opening at Rs 30,036, against a previous close of Rs 29,991. It touched the intra-day low of Rs 29,950 (at 14:44 hours).

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Sluggish demand drags down lead futures by 0.51%
05/10/2016 14:40
Lead futures were trading lower during the afternoon trade in the domestic market on Wednesday as participants trimmed their positions in the industrial metal due to a decline in physical demand for lead, from battery-makers, in the domestic spot market.
Further, a drop in demand from battery-makers in the domestic spot market, influenced the prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 137.05 per kg, down by 0.51 per cent, after opening at Rs 137.35, against a previous close of Rs 137.75. It touched the intra-day low of Rs 136.65 (at 14:39 hours).

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Nickel futures dip on ease of supply concerns
05/10/2016 13:06
Nickel futures were trading lower during the afternoon trade in the domestic market on Wednesday as investors and speculators trimmed their positions amid slide in spot demand tracking weak trend overseas.
The fall in prices of nickel was in-line with a weak treand in global markets as supply concerns eased amid speculation that Philippine mines could avoid shutdowns after a government audit of producers. At the MCX, nickel futures for October 2016 contract is trading at Rs 669.90 per kg, down by 0.27 per cent, after opening at Rs 672.50, against a previous close of Rs 671.70. It touched the intra-day low of Rs 666.80 (at 12:58 hours).

Mcx Commodity News for Aluminium, Nickel : Evening Session - 4.10.2016

Mcx Commodity Market News : Evening Session - 4.102016

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Aluminium futures little changed on subdued demand

04/10/2016 16:18
Aluminium futures little changed during the evening trade in the domestic market on Tuesday as investors and speculators trimmed their bets in the industrial metal amidst subdued physical demand for aluminium in the domestic spot market.
Further, sluggish demand for aluminium at the domestic spot market was led by exiting of positions by traders in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.15 per kg, down 0.09 per cent, after opening at Rs 111.15, against a previous close of Rs 111.25. It touched the intra-day low of Rs 110.80 (at 16:17 hours).

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Nickel futures little changed on rising demand
04/10/2016 14:20
Nickel futures were little changed during the afternoon trade in the domestic market on Tuesday as investors and speculators build up fresh positions amid rising demand after the Philippines widened a crackdown on miners, thus raising supply risk.
As per the UBS Group AG report, about a 10 per cent of the world’s nickel supply is at risk after the Philippines widened a crackdown on miners.
Last week, the Philippine government threatened to close another 14 mines. At the MCX, nickel futures for October 2016 contract is trading at Rs 688 per kg, up by 0.04 per cent, after opening at Rs 687, against a previous close of Rs 687.70. It touched the intra-day high of Rs 692.40 (at 14:13 hours).

Mcx Commodity News for Crudeoil, Aluminium, Zinc, Nickel, Menthaoil, Cardamom : Morning Session - 29.9.2016

Mcx Commodity Market News : Morning Session - 29.9.2016

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Oil jumps nearly 3% on OPEC deal
29/09/2016 11:27
Crude oil futures soared during late morning trade in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity after the OPEC agreed to cut output for the first time since 2008, easing worries of a global supply glut. The OPEC, a cartel which accounts for about 40 per cent of global crude supplies, at an informal meeting in Algiers on Wednesday, agreed in a preliminary deal to cut output to a range of 32.5 million to 33 million barrels per day. Iran will be exempt from capping output, while some details of the production cut are still to be worked out with the individual production cut targets for each country to be decided only in end-November when the OPEC meets. Meanwhile, US crude oil supplies fell for a fourth straight week with the EIA reporting a 1.9 million barrels draw to 502.7 million barrels for the week ended September 23, 2016. At the MCX, crude oil futures for October 2016 contract is trading at Rs 3,147 per barrel, up by 2.81 per cent, after opening at Rs 3,071, against a previous close of Rs 3,061. It touched the intra-day high of Rs 3,149. (At 11:18 AM).

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Aluminium futures climb 0.64% on spot demand
29/09/2016 11:03
Aluminium futures were trading higher during the morning trade in the domestic market on Thursday as participants widened their positions amidst uptick in physical demand for aluminium in the domestic spot market. Further, an increase in demand for aluminium at the domestic spot market was led by building up of fresh positions by participants in the spot markets, supported aluminium prices at futures trade. At the MCX, aluminium futures for September 2016 contract is trading at Rs 110.40 per kg, up by 0.64 per cent, after opening at Rs 110.10, against a previous close of Rs 109.70. It touched the intra-day high of Rs 110.45 (at 11:01 hours).

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Zinc futures up 0.58% on pickup in demand
29/09/2016 10:58
Zinc futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators widened their positions in the industrial metal amid an upsurge in demand from consuming industries at the domestic spot markets. Further, participants build up fresh positions in the industrial metal due to a surge in demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for September 2016 contract is trading at Rs 155.90 per kg, up by 0.58 per cent, after opening at Rs 155.50, against a previous close of Rs 155. It touched the intra-day high of Rs 156.20 (at 10:56 hours).

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Nickel futures rise on overseas cues
29/09/2016 10:53
Continuing its yesterday’s gaining momentum Nickel futures were trading higher during the morning trade in the domestic market on Thursday after the Philippines said that twenty more mines likely to be suspended for environmental violations, thus threatening supply from the world's top nickel ore exporter. The Philippines order came after officials vowed to pursue stricter standards than in global mining centers such as Canada and Australia. However, Manila has already halted ten mines in an audit. At the MCX, nickel futures for September 2016 contract is trading at Rs 714.20 per kg, up by 0.98 per cent, after opening at Rs 709, against a previous close of Rs 707.30. It touched the intra-day high of Rs 715.50 (at 10:48 hours).

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Mentha oil futures slide on muted demand
29/09/2016 10:45
Mentha oil futures were trading lower during the morning trade in the domestic market on Thursday as participants remained on the sidelines in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market. Further, trimming of positions by traders in the spot market due to decline in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on significant supplies from producing regions, influencted mentha oil prices at futures trade. At the MCX, mentha oil futures for September 2016 contract were trading at Rs 862.30 per kg, down by 0.20 per cent after opening at Rs 862, against the previous closing price of Rs 864. It touched the intra-day low of Rs 855.10 (at 10:42 hours).

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Uptick in demand lifts cardamom futures by 0.59%
29/09/2016 10:39
Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid a rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies amid restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for September 2016 contract is trading at Rs 110.35 per kg, up by 0.59 per cent, after opening at Rs 110, against a previous close of Rs 109.70. It touched the intra-day high of Rs 110.40 (at 10:38 hours).

Mcx Commodity News for Zinc,Nickel, Menthaoil, Cardamom, Crudeoil : Morning Session - 28.9.2016

Mcx Commodity Market News : Morning Session - 28.9.2016

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Zinc futures gain on upsurge in demand
28/09/2016 11:04
Zinc futures were trading marginally higher during the morning trade in the domestic market on Wednesday as investors and speculators widened their positions in the industrial metal amid a surge in demand from consuming industries at the domestic spot markets. Further, participants build up fresh positions in the industrial metal due to a rise in demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for September 2016 contract is trading at Rs 153.25 per kg, up by 0.10 per cent, after opening at Rs 153.30, against a previous close of Rs 153.10. It touched the intra-day high of Rs 153.50 (at 11:00 hours).

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Nickel futures little changed as Philippine crackdown deepens
28/09/2016 10:56
Nickel futures were little changed during the morning trade in the domestic market on Wednesday after the Philippines said that twenty more mines likely to be suspended for environmental violations, thus threatening supply from the world's top nickel ore exporter. The Philippines order came after officials vowed to pursue stricter standards than in global mining centers such as Canada and Australia. However, Manila has already halted ten mines in an audit. At the MCX, nickel futures for September 2016 contract is trading at Rs 703.30 per kg, up by 0.03 per cent, after opening at Rs 703, against a previous close of Rs 703.10. It touched the intra-day high of Rs 705 (at 10:49 hours).

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Uptick in demand lifts mentha oil futures by 0.62%
28/09/2016 10:45
Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday as participants widened their positions in the agri-commodity amid a surge in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, building up of fresh positions by traders in the spot market due to a rise in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade. At the MCX, mentha oil futures for September 2016 contract were trading at Rs 858.30 per kg, up by 0.62 per cent after opening at Rs 855.90, against the previous closing price of Rs 853. It touched the intra-day high of Rs 864 (at 10:43 hours).

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Cardamom futures little changed on rising demand
28/09/2016 10:40
Cardamom futures were little changed during the morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies amid restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for October 2016 contract is trading at Rs 1,140.20 per kg, up by 0.05 per cent, after opening at Rs 1,142.80, against a previous close of Rs 1,139.60. It touched the intra-day high of Rs 1,143 (at 10:39 hours).

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Crude oil futures up after industry data shows US stocks draw
28/09/2016 10:35
Crude oil futures were trading higher during the morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions in the energy commodity after industry data showed a surprise draw in the US crude stocks. However, worries over a lack of agreement among producers to curb output, restricted further gains. Meanwhile, OPEC members will hold informal talks at 1400 GMT on Wednesday. They also meet non-OPEC producers on the sidelines of 3-day International Energy Forum, being held in Algiers and which ends on Wednesday. At the MCX, crude oil futures for October 2016 contract is trading at Rs 2,988 per barrel, up by 0.44 per cent, after opening at Rs 2,980, against a previous close of Rs 2,975. It touched the intra-day high of Rs 2,988 (at 10:25 hours).