Best Mcx Ncdex Market News On Crude palm Oil

Crude palm Oil settled up by 0.72% at 448.7 on the back of pickup in demand at the spot market. Prices also seen supported on supply worries in domestic and international market. Prices of the palm oil will be supported by supply worries after India's palm oil imports for December month fell. India's Crude palm oil imports slipped 29.24% to 778,815 tons in December compared to 551,058 tons in the same period a month ago

Trading Ideas:
CPO trading range for the day is 443.6-453.6.
Crude palm oil prices ended with gains on the back of pickup in demand at the spot market.
Prices of the palm oil will be supported by supply worries after India's palm oil imports for December month fell.
India's Crude palm oil imports slipped 29.24% to 778,815 tons in December compared to 551,058 tons in the same period a month ago.
Crude palm oil prices in spot market gained by 9.70 rupees and settled at 442.70 rupees.


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Best Mcx Ncdex Market News On Chana

Chana prices closed lower by 1.55 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for April 2016 contract closed at Rs. 4,181 per quintal, down by 1.55 per cent, after opening at Rs. 4,231 against the previous closing price of Rs. 4,247. It touched the intra-day low of Rs. 4,172. 

India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.


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Best Mcx Market Update On Gold Tips

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The yellow metal was trading with slim gains during noon trade in the domestic market on Monday as dismal China factory data which showed that manufacturing in the country contracted for a sixth month on the trot in January signaled a worsening slowdown in the world’s second biggest economy, bolstering the case for further monetary easing by officials, supporting the lure for Gold, which is a hedge against the inflationary risk of monetary stimulus. The China official manufacturing gauge fell to a three-year low of 49.4 in January, below the neutral mark of 50. 

At the MCX, Gold futures for February 2016 contract is trading at Rs 26,651 per 10 gram, up by 0.05 per cent after opening at Rs 26,700, against the previous closing price of Rs 26,638. It touched the intra-day high of Rs 26,700. (At 12:24 PM).

Best Mcx Market Update On Natural Gas

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Natural gas futures surged by more than 4.5 per cent in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity amidst hopes that cold weather in the US in early to mid- February may bolster the demand for gas-fired heating in the world’s biggest gas consuming nation, continuing to erode storage levels. 

About 49 per cent of US households use natural gas for heating purposes. November to March is the peak US gas heating season US gas stockpiles fell by 211 billion cubic feet to 3.086 trillion cubic feet in the week ended January 22, 2016. 

Today'sBest Mcx Market News On Crude Oil

Oil prices dropped early on Monday after China and South Korea posted surprisingly weak economic data and on worries the prospect of a coordinated production cut by leading crude exporters seemed remote. 

Front-month Brent crude was trading at USD 35.54 per barrel at 0157 GMT, down 45 cents, or 1.25 percent, from the last close. US West Texas Intermediate was down 35 cents at USD 33.27 a barrel.

 Activity in China's manufacturing sector contracted at its fastest pace in almost three-and-a-half years in January, missing market expectations.

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Live Mcx Market News On Aluminium

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Aluminium settled down -0.91% at 103.35 snapped a two-day rally and fell from its highest close in three weeks, as market expects Chinese demand to grow at its slowest pace since 1998. Chinese stocks fell for a third day on Thursday as concern slumping commodity prices and a weakening economy will reduce corporate profits overshadowed the biggest cash injection into the financial markets in three years.

Trading Ideas:
Trading Ideas:
Aluminium trading range for the day is 102.1-105.1.
Aluminium dropped as prices seen under pressure from an oversupplied market, mainly because China has been ramping up low-cost capacity.

Best Mcx Ncdex Market News On Crude palm Oil

Crude palm Oil settled flat amid supply worries and on improved demand. Palm oil prices were supported by supply worries after India's palm oil imports for December month fell. India's Crude palm oil imports slipped 29.24% to 778,815 tons in December compared to 551,058 tons in the same period a month ago.

Trading Ideas:
CPO trading range for the day is 431.8-435.2.
Crude palm oil prices settled flat amid supply worries and on improved demand.
Palm oil prices were supported by supply worries after India's palm oil imports for December month fell.
Palm oil prices were also supported as output from Malaysia, the world's second biggest palm producer, is seen declining in the coming months.
Crude palm oil prices in spot market dropped by 1.80 rupees and settled at 433.10 rupees.


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Daily Mcx Market Update On Crude oil And Gold

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Crude oil

U.S. crude oil futures extended gains on Friday to take their weekly rise to more than 4 percent on hopes of a global deal between oil-producing countries to help tackle a growing supply glut.

U.S. crude climbed 32 cents at $33.54 a barrel as of 2338 GMT, after it settled up 92 cents, or 2.9 percent, at $33.22 per barrel, down from a high of $34.82.

Global benchmark Brent ended up 79 cents, or 2.4 percent, at $33.89 a barrel, after trading as high as $35.84.

"Despite the unlikely scenario of supply cutbacks in the oil market, prices have found some support above $30 a barrel. We believe this basis is fragile, with fundamentals expected to weaken in the coming weeks," ANZ said on Friday.

Gold
Gold steadied on Friday after recent gains that lifted the metal to its highest since November, keeping it on track to end January with its strongest monthly climb in a year.

Fresh data released on Thursday showed new orders for U.S. durable goods posted their biggest drop in 16 months in December, suggesting that growth in the world's top economy braked sharply at the end of 2015.

Daily Mcx Market Update On Crude oil And Gold

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Crude oil

U.S. crude futures dropped more than 1 percent in Asian trading on Thursday, paring gains of nearly 3 percent made in the previous session after Russia held out the possibility of cooperating with OPEC to control global oversupply.

U.S. crude had declined 33 cents to $31.97 a barrel by 0112 GMT. It settled the previous session up 85 cents at $32.30 a barrel, a 2.7-percent gain.
Brent crude had eased 26 cents to $32.84, after ending up 4.1 percent at $33.10 a barrel.

GOLD

Gold held near its highest level since November early on Thursday after the Federal Reserve said it was closely eyeing the global economy amid weakness seen from China to Europe.
After keeping U.S. interest rates unchanged as expected, Fed policymakers said the economy was still on track for moderate growth and a stronger labour market even with "gradual" rate increases, suggesting its concern about global events had diminished but not squashed chances of a rate hike in March.

Daily Mcx Market Update On Natural Gas

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Natural Gas futures rallied in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking gains in the overseas market amidst hopes than an extended cold snap in the US may bolster the heating demand for the fuel in the world’s biggest economy. 

After a massive snowstorm that hit the US East Coast last weekend, natural gas traders are pinning hopes on an extended run of below-normal temperatures that may boost demand for gas-fired heating at offices and homes, eroding stockpiles which are at multi-year highs. Updated weather forecasts called for colder weather persisting over the next two weeks across parts of the US. 

MCX NCDEX TIPS :- Jeera trading range for the day is 13365-13795.

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Jeera prices settled flat on the back of slow export demand, as well as weak buying by stockists. Moreover, expectation of higher production due to favourable weather too fuelled the downtrend. There are reports of lower export orders coupled with reports of good weather in sowing states weighing in prices.
Trading Ideas:
Jeera trading range for the day is 13365-13795.
Jeera prices ended with flat node on the back of slow export demand, as well as weak buying by stockists.
Moreover, expectation of higher production due to favourable weather too fuelled the downtrend.
NCDEX accredited warehouses jeera stocks dropped by 141 tonnes to 743 tonnes.
In Unjha, a key spot market in Gujarat, jeera edged down by -16.65 rupees to end at 14483.35 rupee per 100 kg.

Today's Mcx Market Update On Zinc

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Zinc futures ended lower in the domestic market on Friday as investors and speculators exited positions in the industrial metal amidst tepid physical demand for zinc in the domestic spot market. Further, a drop in business sentiment in China signaled a worsening economic slowdown in the world’s biggest metals consumer, clouding the demand outlook for zinc.

 The MNI China Business indicator fell to 52.3 in January from 52.7 in December. At the MCX, Zinc futures for January 2016 contract closed at Rs 102 per kg, down by 0.29 per cent after opening at Rs 102.05, against the previous closing price of Rs 102.3. It touched the intra-day low of Rs 101.65.

Daily Mcx Market Update On GOLD

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Gold steadied near a 1-1/2-week peak at just below USD 1,100 an ounce early on Monday, with investors eyeing whether equities will come under renewed pressure and refresh safe-haven demand for bullion. 

FUNDAMENTALS 

* Spot gold was little changed at USD 1,098.41 an ounce by 0044 GMT, after gaining around 0.9 percent last week. 

* The precious metal had benefitted from investor aversion towards risky assets that has hit global stocks and crude oil. It peaked at USD 1,109.20 last week, its loftiest since Jan. 8. 

* US gold for February delivery gained 0.2 percent to USD 1,098.50 an ounce.

* Hedge funds and money managers increased their bullish bets in COMEX gold in the week to Jan. 19, and also boosted their bullish bets in silver to the highest in more than two months, US Commodity Futures Trading Commission data showed on Friday.

Live Mcx Market News On Chana

Chana prices closed lower by 0.51 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for April 2016 contract closed at Rs. 4,253 per quintal, down by 0.51 per cent, after opening at Rs. 4,275 against the previous closing price of Rs. 4,275. It touched the intra-day low of Rs. 4,220. 

India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.


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Mcx Market News On Nickel

Nickel futures were trading mildly higher during noon trade in the domestic market on Thursday amidst a pickup in physical demand, by alloy-makers, for Nickel, in the domestic spot market. However, the gains in the industrial metal were curbed by fears over a gloomy demand outlook from China, the world’s biggest metals consumer, as an ongoing stock rout in the country threatened to spread to other parts of the economy.

China’s stock markets declined for a second straight day with benchmark Shanghai Composite plunging over 3 per cent as traders seemed unsure over policymakers’ ability to manage an economic slowdown and tackle financial volatility.

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Mcx Market Report On Jeera

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Jeera prices closed higher by 0.59 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for April 2016 contract closed at Rs. 13,705 per quintal, up by 0.59 per cent, after opening at Rs. 13,775 against the previous closing price of Rs. 13,625. It touched the intra-day high of Rs. 13,780. 

Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

Daily Mcx News On Gold

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Gold dropped early on Thursday in Asia, slipping from a 1-1/2-week high, as battered stocks bounced back along with US crude.

FUNDAMENTALS 

*Spot gold was off 0.2 percent at USD 1,099.40 an ounce by 0039 GMT, after touching USD 1,109.20 on Wednesday, its highest since January 8.
*US gold for February delivery slipped 0.6 percent to USD 1,099.60 an ounce.
*Bullion has benefited from the risk-averse sentiment that has dragged equities and oil to multi-year lows and pushed investors towards assets deemed as safe havens.

MARKET NEWS 

*Asian shares and the dollar edged higher, but investors remained cautious as another shakeout on Wall Street and oil prices suggested volatility in financial markets will continue to temper risk appetite.

*US crude oil stabilised after hitting fresh 2003 lows the session before, but analysts said a persistent global glut would keep pressuring prices.

NCDEX Mentha Oil News

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Mentha oil settled up by 0.29% at 877.8 amid rising demand from consuming industries in the spot market. Besides, restricted arrivals from the major producing belts of Chandausi in Uttar Pradesh also supported mentha oil prices. However with cooler winters anticipated for many parts of India this year, the demand may soon start picking up from the pharmaceutical sector. Global demand too is expected to rise at these lower levels in coming weeks. 

Trading Ideas:
Menthaoil trading range for the day is 871.9-882.9.
Mentha oil spot at Sambhal closed at 1019.30 per 1kg. Spot prices is up by Rs.3.30/-.
Mentha oil prices ended with gains amid rising demand from consuming industries in the spot market.
Besides, restricted arrivals from the major producing belts of Chandausi in Uttar Pradesh also supported mentha oil prices.
As per market sources, the overall production is still 70% lower from the previous year of 50,000 tons.

Today's Mcx Market News for Copper

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Copper settled up 0.72% at 298.75 after China's quarterly economic growth met expectations, calming fears over a deeper than expected slowdown. Official data released earlier showed that China’s economy grew 6.8% in the fourth quarter from a year earlier, the weakest pace of growth since the first quarter of 2009. That was in line with market expectations and down from growth of 6.9% in the previous three months.
Trading Ideas: 

Copper trading range for the day is 294.8-304.8.
Copper prices jumped after China's quarterly economic growth met expectations, calming fears over a deeper than expected slowdown.
Official data released earlier showed that China’s economy grew 6.8% in the fourth quarter from a year earlier, the weakest pace of growth since the first quarter of 2009.

Mcx Market Update On Gold

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Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion's safe-haven draw, although the metal was restricted to narrow ranges.

FUNDAMENTALS

* Spot gold was up 0.2 percent at $1,088.66 an ounce by 0035 GMT. The metal, while supported by a weaker appetite for risky assets, has faced resistance at around $1,090 with some analysts attributing this to slow Asian physical demand.

* U.S. gold for February delivery was flat at $1,088.70 an ounce.

MARKET NEWS

* Asian shares slipped as a relentless slide in oil prices wiped out an attempted rally on Wall Street and dealt a fresh blow to risk appetite.

* U.S. crude fell to a new low since 2003 at under $28 a barrel after the world's energy watchdog warned the market could "drown in oversupply".