Ncdex Cardamom Latest News Update By MarketMagnify

Cardamom prices fell by 0.23 per cent on Wednesday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. 

At MCX, Cardamom futures for March 2016 contract were trading at Rs. 648.30 per kg, down by 0.23 per cent, after opening at Rs. 648.40 against the previous closing price of Rs. 649.80. It touched the intra-day low of Rs. 644 till the trading. (At 10.45 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity. 

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Today's Mcx Market Update on Zinc

Zinc futures advanced during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in physical demand for Zinc in the domestic spot market. 

Further, sentiment was also boosted after data showed that US construction spending jumped 1.5 per cent to the highest level since October 2007 in January 2016 from the previous month, signaling a firm recovery in the world’s biggest economy despite global headwinds, lifting the demand outlook for Zinc, which is widely used in construction activity. 

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Ncdex Mustard Seed Latest News Update

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Mustard Seed prices closed lower by 0.8 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. 

At the NCDEX, Mustard Seed futures for April 2016 contract closed at Rs. 3,846 per quintal, down by 0.8 per cent, after opening at Rs. 3,862 against the previous closing price of Rs. 3,877. 

It touched the intra-day low of Rs. 3,830. Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity. 

Today's MCX Gold Market Update

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Gold futures finished lower in the domestic market on Tuesday tracking a bearish trend in the overseas market as investors and speculators exited positions in the precious metal as a jump in equities dimmed the appeal of the yellow metal as an alternative investment. 

Better than expected US factory data and fresh stimulus from China helped ease concerns over global economic growth, dimming the luster for safe haven avenues such as Gold and powering a rally in equities with Wall Street rallying to a seven- week high. 

The cut in reserve requirements for banks by China raised optimism over the outlook for the world’s second biggest economy, bolstering risk taking appetite and eroding safe haven appeal for the bullion. 

Today's Mcx Market Trading Tips for Copper

Copper futures rallied by more than 2 per cent in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for copper, in the domestic spot market. 

Further, finance heads from the Group of 20 countries sought to revive confidence in the global economy with the People’s Bank of China Governor saying that the Chinese central bank had at its disposal, more monetary easing room to act and bolster economic growth in the world’s biggest metals consumer. China’s central bank also assured that there is no reason for yuan depreciation, bolstering confidence. 

Copper may extend momentum today as upbeat US economic data bolsters outlook. At the MCX, Copper futures for February 2016 contract closed at Rs. 321.7 per 1 kg, up by 2.13 per cent, after opening at Rs. 316, against the previous closing price of Rs. 315. It touched the intra-day high of Rs. 326.45.

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Today's Mcx Market Update on Natural Gas

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U.S. natural gas futures edged modestly higher on Friday, but prices held close to 17-year lows as forecasts calling for more warmth in the U.S. northeast over the next two weeks weighed. On the New York Mercantile Exchange, natural gas for delivery in April inched up 0.6 cents, or 0.34%, to close the week at $1.791 per million British thermal units. 

Prices fell to $1.711 on Thursday, the lowest level since 1999, as the contract for March delivery expired. For the week, natural gas futures lost 7.6 cents, or 4.07%, the fourth straight weekly decline, as a widening supply glut and expectations of mild demand weighed. 

Natural gas prices tumbled on Thursday after the U.S. Energy Information Administration said that natural gas storage in the U.S. fell by 117 billion cubic feet, much less than expectations for a decline of 139 billion.

Ncdex Soyabean Latest News Update By MarketMagnify

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Soyabean settled up by 0.11% at 3689 on fresh buying support, guided by firm spot markets. Rising demand of soymeal also enthused trading sentiments. However, lower prices at international markets ahead of the release of USDA’s acreage forecasts at its annual two-day Outlook Forum that expected to say that farmers will plant more soybeans this year than last, capped some gains.

Trading Ideas:

Soyabean trading range for the day is 3642-3728. 

Soyabean edged higher on fresh buying support, guided by firm spot markets. 

In the second Advance Estimates of production of major crops for 2015-16, soybean production is pegged at 9.13 mt. 

NCDEX accredited warehouses soyabean stocks gained by 192 tonnes to 47195 tonnes. 

Zinc Mcx Latest News Update

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Zinc futures tumbled in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market.

Fears that a worsening economic slowdown in China, the world’s biggest metals consumer may limit demand also hit Zinc as China’s equities tumbled with the benchmark Shanghai Composite tanking almost 6 per cent while money market rates jumped. 

At the MCX, Zinc futures for February 2016 contract closed at Rs 118.9 per kg, down by 1.7 per cent after opening at Rs 121.35, against the previous closing price of Rs 120.95. It touched the intra-day low of Rs 118.75.

Copper Mcx Latest News

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Copper futures fell in the domestic market on Thursday as investors and speculators exited positions in the industrial metal as weak US economic data signaled concerns over copper’s demand outlook. 

Manufacturing activity in Kansas City shrank in February with the manufacturing gauge falling to -12 this month, the lowest since 2009, from -9 in January, as a reading below 0 signals contraction. 

At the MCX, Copper futures for February 2016 contract closed at Rs.315 per 1 kg, down by 0.97 per cent, after opening at Rs. 317, against the previous closing price of Rs. 318.1. It touched the intra-day low of Rs. 314.