Mcx Commodity Market News : Evening Session - 30.9.2016
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White metal regains sheen on firm global cues
30/09/2016 16:32
Silver futures were trading higher during the evening trade in the domestic market on Friday as investors and speculators extended their positions in the precious metals tracking a firm trend overseas as a crisis at German lender Deutshe Bank threatened to spark a global financial contagion, bolstering the lure for silver as a safer asset.
Global equities fell on Friday as reports surfaced that some hedge funds were moving to reduce their financial exposure to the bank which faces a USD 14 billion penalty.
The focus is also on US consumer spending data to be released today which may offer further cues over the economy’s health. US personal spending probably rose 0.2 per cent in August from July.
At the MCX, silver futures for December 2016 contract is trading at Rs 46,014 per kg, up by 0.39 per cent, after opening at Rs 45,680, against a previous close of Rs 45,834. It touched the intra-day high of Rs 46,135 (at 16:27 hours).
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Natural Gas lower despite bullish US supplies data
30/09/2016 16:04
Natural gas futures fell during noon trade in the domestic market on Friday as investors cast aside a less-than-expected rise in US gas supplies last week.
The EIA said that US gas stockpiles rose by 49 billion cubic feet to 3.6 trillion cubic feet in the week ended September 23, 2016, against expectations of an increase of 55 billion cubic feet, a 96 billion cubic feet and 97 billion cubic feet, a year ago and a five-year average, respectively.
At the MCX, natural gas futures for October 2016 contract is trading at Rs 198.5 per mmbtu, down by 0.35 per cent, after opening at Rs 198, against a previous close of Rs 199.20. It touched the intra-day low of Rs 196.6 (at 15:28 PM).
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Mentha oil bulls rule the roost
30/09/2016 15:53
Mentha oil futures rose during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the agri-commodity amid firm physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from major mentha oil producing regions in the country also exerted upward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for September 2016 contract were trading at Rs 856.5 per kg, up by 0.66 per cent after opening at Rs 852, against the previous closing price of Rs 850.90. It touched the intra-day high of Rs 858.3 (at 15:20 PM).
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Cardamom soars over 2% on firm physical demand
30/09/2016 15:34
Cardamom futures surged by over 2 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom from major consuming industries in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from major cardamom producing regions in the country also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for October 2016 contract is trading at Rs 1,152.4 per kg, up by 2.2 per cent, after opening at Rs 1,130, against a previous close of Rs 1,127.60. It touched the intra-day high of Rs 1,161 (at 14:59 PM).
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30/09/2016 16:32
Silver futures were trading higher during the evening trade in the domestic market on Friday as investors and speculators extended their positions in the precious metals tracking a firm trend overseas as a crisis at German lender Deutshe Bank threatened to spark a global financial contagion, bolstering the lure for silver as a safer asset.
Global equities fell on Friday as reports surfaced that some hedge funds were moving to reduce their financial exposure to the bank which faces a USD 14 billion penalty.
The focus is also on US consumer spending data to be released today which may offer further cues over the economy’s health. US personal spending probably rose 0.2 per cent in August from July.
At the MCX, silver futures for December 2016 contract is trading at Rs 46,014 per kg, up by 0.39 per cent, after opening at Rs 45,680, against a previous close of Rs 45,834. It touched the intra-day high of Rs 46,135 (at 16:27 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Natural Gas lower despite bullish US supplies data
30/09/2016 16:04
Natural gas futures fell during noon trade in the domestic market on Friday as investors cast aside a less-than-expected rise in US gas supplies last week.
The EIA said that US gas stockpiles rose by 49 billion cubic feet to 3.6 trillion cubic feet in the week ended September 23, 2016, against expectations of an increase of 55 billion cubic feet, a 96 billion cubic feet and 97 billion cubic feet, a year ago and a five-year average, respectively.
At the MCX, natural gas futures for October 2016 contract is trading at Rs 198.5 per mmbtu, down by 0.35 per cent, after opening at Rs 198, against a previous close of Rs 199.20. It touched the intra-day low of Rs 196.6 (at 15:28 PM).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Mentha oil bulls rule the roost
30/09/2016 15:53
Mentha oil futures rose during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the agri-commodity amid firm physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from major mentha oil producing regions in the country also exerted upward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for September 2016 contract were trading at Rs 856.5 per kg, up by 0.66 per cent after opening at Rs 852, against the previous closing price of Rs 850.90. It touched the intra-day high of Rs 858.3 (at 15:20 PM).
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Join Our Whatsapp No : 9841986753
Cardamom soars over 2% on firm physical demand
30/09/2016 15:34
Cardamom futures surged by over 2 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom from major consuming industries in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from major cardamom producing regions in the country also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for October 2016 contract is trading at Rs 1,152.4 per kg, up by 2.2 per cent, after opening at Rs 1,130, against a previous close of Rs 1,127.60. It touched the intra-day high of Rs 1,161 (at 14:59 PM).
