Nickel futures were trading higher during evening trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal on surge in physical demand as the US dollar gave up gains.
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World ending stocks of cotton are forecast to decrease by 7 % to 17.8 million tons at the end of 2016-17 as China continues to reduce its stocks. Ending stocks in China, where much of the excess stocks are held, dipped 13 % to 11.3 million tons as the government sold over 2 million tons from its reserves from May through September 2016. From 2009-10 to 2014-15, world ending stocks increased by 140 per cent and reached a world record of 22.2 million tons. In 2015-16, the drop in world production led to a 14 % reduction in stocks to 19.1 million tons.
Meanwhile, the Chinese government restricted import quota to the volume required by its WTO commitments in 2015 and 2016. The government has also announced that it will continue to sell from its reserves next year, beginning March 2017 when the majority of the new crop will have been sold.
As a result of the government selling from its reserves, cotton stocks in China are expected to decline by 15% to 9.6 million tons by the end of 2016-17. However, stocks outside of China may rise by 4 % to 8.2 million tons, after falling by 16 % to 7.9 million tons, the International Cotton Advisory Committee (ICAC) said in a release.
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Crude oil futures were trading lower during afternoon trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the energy commodity after data overnight showed a build-up in the US crude inventory, inspite of efforts by the OPEC and other producers to cut supply glut. The American Petroleum Institute (API) estimated that the US crude stockpiles had surged 14.2 million barrels last week.
However, if the US Energy Information Administration (EIA) data due today confirms the stockpile surge, it will be the largest build since October. At the MCX, crude oil futures for February 2017 contract is trading at Rs 3487 per barrel, down by 0.37 per cent, after opening at Rs 3488, against a previous close of Rs 3500. It touched the intra-day low of Rs 3476.
Crude palm Oil on MCX settled up by 0.31% at 578.5 on increasing demand and on rising concerns about production. Malaysia palm oil exports during Jan 1-31 rose 8.13% compared to a month earlier on strong demand from Indian & Subcontinent and Middle East, data showed. Malaysia palm oil exports climbed to 1.17 million tons during Jan 1-31 compared to 1.08 million tons for the same period a month ago, DowJones reported citing data from Intertek, a private surveyor. India's palm oil imports from Malaysia during Jan 1-31 rose by 3.77% to 222,100 tons as compared to 214,025 tons imported during Dec 1-31.
Indonesia Palm and kernel production fell 3% to 34.5 million tons in 2016 from a year earlier, Indonesian Palm Oil Association GAPKI, says in a statement. CPO output dropped by 3% to 31.5 million tons in 2016 on yearly basis, Gapki said. China’s imports plunged 24 percent to 4.48 million metric tons in 2016, the lowest since 2005, as benchmark futures surged 25 percent after El Nino squeezed supplies in Indonesia and Malaysia.
Technically market is under fresh buying as market has witnessed gain in open interest by 0.61% to settled at 3610 while prices up 1.8 rupees, now CPO is getting support at 577 and below same could see a test of 575.4 level, And resistance is now likely to be seen at 579.9, a move above could see prices testing 581.2.
Indian sugar futures rose on Monday to their highest level this year, driven by tight supply and high demand.
The March sugar contract rose as much as 1.2% to 3,946 Indian rupees ($58.72) on the National Commodity & Derivatives Exchange Ltd (NCDEX). The contract had risen nearly 200 rupees in the last 30 days, up to Friday's close. The March sugar futures was up 0.3 % to 3,190 rupees in heavy trading as of 1210 GMT.
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Rise in sugar prices on the futures and spot markets triggered a rally in sugar stocks.Dhampur Sugar Mills Ltd rose as much as 10.7 percent to 214.80 rupees, its highest in over 10-1/2 years, while Shree Renuka Sugars Ltd closed 12.9 percent higher at 17.10 rupees.
पिछले साल 2500 रुपये के पास तक जाने के बाद के बाद गेहूं में गिरावट बढ़ गई है और वायदा में इसका दाम आज करीब 1 फीसदी लुढ़क गया है। पिछले 2 महीने में इसकी कीमतें करीब 20 फीसदी गिर चुकी हैं। दरअसल दरअसल इस साल देश में गेहूं की रिकॉर्ड बुआई हुई है। कृषि मंत्रालय के मुताबिक गेहूं बुआई का आंकड़ा 318 लाख हेक्टेयर के पार चला गया है। ऐसे में गेहूं की बुआई बढ़ने का अनुमान है। सरकार ने इस साल 9 करोड़ 60 लाख टन गेहूं पैदावार का लक्ष्य रखा है। हालांकि इस साल देश में गेहूं की स्टॉक बेहद कम है और नया गेहूं अप्रैल तक ही बाजार में आ सकेगा। ऐसे में मार्च तक करीब 45 लाख टन गेहूं इंपोर्ट का अनुमान है। ऐसे में जानकार मान रहे हैं कि गेहूं की कीमतों में गिरावट ज्यादा नहीं आएगी और आने वाले दिनों में थोड़ी मंदी के बाद फिर से इसमें तेजी देखने को मिल सकती है।
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इस बीच चीनी में एकतरफा तेजी जारी है। भारतीय चीनी मिल संघ की लाख दावे के बावजूद चीनी मिलें दाम बढ़ाती जा रही हैं। मुंबई में भी चीनी का दाम 4000 रुपये के पार चला गया है। पिछले हफ्ते चीनी की कीमतों में करीब 200 रुपये की तेजी आ चुकी है। वायदा में आज चीनी का दाम करीब 30 रुपये बढ़ गया है।
इस बीच डॉलर के मुकाबले रुपया पिछले 3 महीने के ऊपरी स्तर पर चला गया है। डॉलर में गिरावट से रुपये को सपोर्ट मिला है। सोने और चांदी में तेजी आई है, घरेलू बाजार में सोने का दाम करीब 100 रुपये और चांदी 250 रुपये बढ़ गए हैं। दरअसल ग्लोबल मार्केट में तेजी का रुख है। वहीं अमेरिका और ईरान में तनाव बढ़ने से कच्चे तेल की कीमतों को सपोर्ट मिला है। अमेरिका में ऑयल रिग बढ़ने के बावजूद ब्रेंट 57 डॉलर और नायमैक्स क्रूड 54 डॉलर के स्तर पर चले गए हैं। उधर बेस मेटल में आज तेजी का रुख है। कॉपर समेत सभी मेटल बढ़त पर कारोबार कर रहे हैं। निकेल में तेजी ज्यादा है।
कच्चा तेल एमसीएक्स (फरवरी वायदा): खरीदें-3615, स्टॉपलॉस-3576, लक्ष्य-3690.
चांदी एमसीएक्स (मार्च वायदा): खरीदें-41900, स्टॉपलॉस-41650, लक्ष्य-42350.
Rice shipments from Thailand, the largest supplier after India, are
likely to decline about 4% this year amid increased competition from
Vietnam and other producers. Exports will total 9.5 million tonnes in
2017, Chookiat Ophaswongse, the honorary president of the Thai Rice
Exporters Association, said Wednesday in an interview.
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That compares with 9.88 million tonnes in 2016, according to data from the Ministry of Commerce.Competition from Vietnam may cut white rice exports by about 400,000 tonnes to 4.6 million tonnes even as sales of premium jasmine grade rise climb about 9% to 2.5 million tonnes, Mr Chookiat said.
The forecast drop in exports comes as the US Department of Agriculture expects global rice consumption to lag behind production for the 12th straight year, limiting any price upside.Prices of Thai white rice, a regional benchmark, have changed little over the past year and were at $375 a tonne on Jan 25. Vietnamese white rice is quoted at $434 a tonne and Indian rice at $370, according to data from the association's website.
शेयर मार्केट में बेहतर निवेश सम्बन्धी जानकरी के लिए हमारी वेबसाइट पे विजिट करे http://ripplesadvisory.com.
आज घरेलू कमोडिटी मार्केट में सोने-चांदी में कमजोरी देखने को मिल रही है। एमसीएक्स पर सोना 0.16 फीसदी की कमजोरी के साथ 28900 रुपये के नीचे कारोबार कर रहा है। वहीं चांदी 0.15 फीसदी की कमजोरी के साथ 41850 रुपये के आसपास कारोबार कर रही है।
घरेलू बाजार में कच्चे तेल में भी आज सुस्ती नजर आ रही है। एमसीएक्स पर कच्चा तेल 1.1 फीसदी की भारी कमजोरी के साथ 3570 रुपये के करीब नजर आ रहा है। जबकि नैचुरल गैस 0.14 फीसदी की नरमी के साथ 210 रुपये के आसपास कारोबार कर रहा है।
आज के कारोबार में जिंक को छोड़कर और सभी बेस मेटल्स में हरे निशान पर कारोबार हो रहा है। एमसीएक्स पर एल्युमीनियम 0.5 फीसदी की मजबूती के साथ 125 रुपये के आसपास दिख रहा है। जबकि कॉपर 0.1 फीसदी की बढ़त के साथ 405 रुपये के आसपास कारोबार कर रहा है। वहीं लेड 0.13 फीसदी की बढ़त के साथ 160 रुपये के आसपास नजर आ रहा है। जबकि निकेल 0.8 फीसदी की बढ़त के साथ 680 रुपये के आसपास कारोबार कर रहा है। वहीं जिंक 0.30 फीसदी कमजोरी के साथ 190 रुपये के करीब नजर आ रहा है।
एग्री कमोडिटीज में एनसीडीईएक्स पर कपास खली का मार्च वायदा 0.6 फीसदी बढ़कर 2280 रुपये के आसपास दिख रहा है। वहीं सोयाबीन का मार्च वायदा 0.4 फीसदी टूटकर 3080 रुपये के करीब कारोबार कर रहा है। जबकि हल्दी का अप्रैल वायदा 0.1 फीसदी की कमजोरी के साथ 6750 रुपये के आसपास कारोबार कर रहा है।
Naturalgas on MCX settled up 0.93% at 228.9 as prices seen supported after data showed that natural gas supplies in storage in the U.S. fell more than expected last week. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. declined by 119 billion cubic feet in the week ended January 20, exceeding market expectations for a drop of 117 billion cubic feet. That compared with a withdrawal of 243 billion cubic feet in the preceding week, 211 billion a year earlier and a five-year average drop of 176 billion cubic feet.
Natural gas markets have been volatile in recent weeks, changing course rapidly in response to shifting outlooks in short-term weather patterns. Technically market is under fresh buying as market has witnessed gain in open interest by 46.46% to settled at 4060 while prices up 2.1 rupees, now Naturalgas is getting support at 224.3 and below same could see a test of 219.8 level, And resistance is now likely to be seen at 231.8, a move above could see prices testing 234.8.
Trading Ideas
- Naturalgas trading range for the day is 219.8-234.8.
- Natural gas gained as prices seen supported after data showed that natural gas supplies in storage in the U.S. fell more than expected last week.
- The US EIA said in its weekly report that natural gas storage in the U.S. declined by 119 billion cubic feet in the week ended January 20.
Cement maker India Cements Ltd on Friday said it closed the third quarter of the current fiscal with a net profit of Rs 35.34 crore as compared to Rs 3.16 crore for the quarter ended December 31, 2015.
In a regulatory filing with BSE, the company also said its total income has increased from Rs 1,066.13 crore for the quarter ended December 31, 2015 to Rs 1,270.95 crore for the quarter ended December 31, 2016.
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As per latest report from United States Geological Survey (USGS), US domestic primary aluminum production in November 2016 was 61,000 metric tons (t), slightly less than in October and 49% less than that in November 2015. The average daily production in November was 2,050 t, 3% more than the daily production during the preceding month but 49% less than in November 2015.
Total aluminum recovered from scrap in
November 2016 was 305,000 t, unchanged from the amount in October and
15% more than that in November 2015. Of this, 175,000 t of aluminum was
recovered from new scrap, 3% more than the amount in the preceding month
and 14% more than the amount in November 2015, and 130,000 t was
recovered from old scrap, 4% less than the amount in the preceding month
but 16% more than the amount in November 2015.
Lead futures fell over 2 % during morning trade in the domestic market on Friday as investors and speculators trimmed their positions in the industrial metal amid diminishing physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.
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At the MCX, lead futures for January 2017 contract is trading at Rs 159.05 per kg, down by 2.27 per cent, after opening at Rs 160.10, against a previous close of Rs 162.75. It touched the intra-day low of Rs 158.60.
Gold prices were steady on Tuesday as the dollar remained under pressure on signs that United States President Donald Trump would adopt a protectionist stance on trade.
Spot gold was mostly unchanged at $1,217.42 per ounce by 0337 GMT, after hitting their strongest since Nov. 22 at $1,219.59 earlier in the session. Spot gold looks exhausted and may again fail to break a strong resistance at $1,219 per ounce before retracing towards a support at $1,196, according to Reuters technical analyst Wang Tao.
U.S. gold futures inched up 0.2 percent, to $1,218.
Trump formally withdrew the U.S. from the Trans-Pacific Partnership trade deal on Monday and told U.S. manufacturing executives he would impose a hefty border tax on firms that import products after moving American factories overseas.
डॉलर में कमजोरी के बाद अंतर्राष्ट्रीय बाजारों में क्रूड के दाम में
बढ़ोतरी हुई है, फिलहाल ब्रेंट क्रूड 55 डॉलर के ऊपर ट्रेड कर रहा है। डॉलर
एक महीने के निचले स्तर पर पहुंच गया है लेकिन सोने ने 2 महीनों की ऊंचाई
को छू लिया है।
शेयर मार्केट में बेहतर निवेश सम्बन्धी जानकरी के लिए हमारी वेबसाइट पे विजिट करे http://ripplesadvisory.com
- कच्चा तेल एमसीएक्स: खरीदें - 3580, स्टॉपलॉस - 3500, लक्ष्य - 3700.
- सोना एमसीएक्स: खरीदें - 28750, स्टॉपलॉस - 28500 लक्ष्य - 29000.
