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DAILY COMMODITY REPORT February, 22 2018

MCXCOMDEX opened on flat positive note at 3648.92, up by 0.03 per cent from its previous closed at 3647.53. METAL index opened at on flat negative note 5307.83, decline by 0.01 per cent than its previous closed at 5308.73 while ENERGY index was opened on marginally negative note at 2797.25, down by 0.12 per cent than its previous closed at 2800.83 and AGRI index opened on marginally positive note at 2754.65, up by 0.24 per cent from its previous closed at 2748.04.India’s Multi commodity exchange has recorded a turnover of Rs. 2396426.13 Lacs on 21st Feb 2018.

AGRI index was trading on mixed note in the morning trading session. Commodities like, COTTON and CARDAMOM futures were trading on positive notes where as CPO and MENTHAOIL futures were trading on negative notes. COTTON Mar future was the top performer in the morning trading session and trading up by 0.25 per cent to Rs. 20330.00 per bales after opened on positive note at Rs.20290.00 per bales. CARDAMOM Mar future was trading on flat positive note at Rs. 1150.00 per kg, up by 0.01 per cent after a decline of 0.81 per cent on last closing price. CPOFeb future was trading on flat negative note at Rs. 580.50 per 10 kg, down by 0.05 per cent after an increase of 0.81 per cent on last closing price. MENTHAOIL Mar future was trading down by 0.31 per cent to Rs. 1295.00 per kg after opened on positive note at Rs.1304.90 per kg.

ENERGY index has shown a downward momentum in the morning trading session as both NATURALGAS and CRUDEOIL futures were trading on negative notes. NATURALGAS Feb future was trading down by 0.12 per cent to Rs. 172.40 per mmBtu after an increase of 0.82 per cent on last closing price. CRUDEOIL Mar future was trading down by 0.58 per cent to Rs. 3976.00 per BBL after a decline of 0.77 per cent on last closing price. Oil prices fell, pulled down as a firmer dollar outweighed a report of a decrease in U.S. crude inventories.

METAL index was opened on flat negative note, with a decline of 0.01 per cent in the morning trading session. Under this index, Base Metals and Precious Metals were trading on negative notes. Under Base Metals, commodities like ALUMINIUM, LEAD, ZINC, COPPER and NICKEL futures were trading on negative notes. ALUMINIUM Feb future was trading down by 1.16 per cent to Rs. 141.10 per kg after a rise of 0.63 per cent on last closing price and LEAD Feb future was trading lower by 0.85 per cent to Rs. 164.15 per kg after opened on flat negative note at Rs. 164.00 per kg. NICKEL Feb future was the top loser in this index and trading down by 1.78 per cent to Rs. 877.90 per kg after an increase of 1.40 per cent on last closing price. ZINC Feb future was trading down by 1.73 per cent to Rs. 226.65 per kg and COPPER Feb future was trading lower by 1.23 per cent to Rs.454.80 per kg.

Precious Metals have shown a negative sign in the morning trading session. SILVER Mar future was trading on marginally negative note at Rs. 38398.00 per kg down by 0.63 per cent after opened on negative note at Rs. 38467.00 per kg while GOLD Apr future was also trading on marginally negative note at Rs. 30440.00 per 10 gm, decline by 0.24 per cent. Gold prices were flat on Thursday, weighed down as minutes from the last US Federal Reserve meeting showed policymakers confident in the need to keep raising interest rates.

Subhashree Swain
Analyst

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