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DAILY COMMODITY REPORT February, 06 2018

Today in domestic commodity market all the four indices opened on positive notes. MCXCOMDEX opened on marginally positive note at 3665.53, up by 0.17 per cent from its previous closed at 3659.04 while METAL index opened at 5281.57, marginally up by 0.32 per cent from its previous closed at 5264.67. ENERGY index opened on marginally positive note at 2865.43, up by 0.13 per cent than its previous closed at 2861.69 where as AGRI index opened on marginally positive note at 2767.69, marginally up by 0.23 per cent from its previous closed at 2774.26. India’s Multi Commodity exchange has recorded turnover of Rs. 2291712.85 Lacs on 5th Feb 2018.

METAL index opened on marginally positive notes in the morning trading session. Under this index Precious Metals was trading on strong positive notes while Base Metals were trading on negative notes. Under Base Metals, all the commodities trading on negative notes. COPPER Feb future was trading down by 0.79 per cent to Rs. 452.70 per kg while ZINC Feb future was trading on marginally negative note, down by 0.88 per cent to Rs. 225.75 per kg after opened on flat positive note at Rs. 228.65 per kg. ALUMINIUM Feb future was trading on marginally negative note at Rs. 140.65 per kg, down by 0.53 per cent while LEAD Feb future was trading lower by 0.79 per cent to Rs.168.75 per kg. NICKEL was trading down by 2.04 per cent to Rs. 859.90 per kg and stood as the top loser in Metal index.

Precious Metals have shown a positive sign in the morning trading session. SILVER Mar future was trading on strong positive note at Rs. 39030.00 per kg, up by 1.24 per cent and stood as top gainer in domestic commodity market. GOLD Apr future was trading up by 0.90 per cent to Rs. 30567.00 per 10 gm after opened on positive note at Rs. 30350.00 per 10 gm due to demand of precious metal in market.

AGRI index was trading on mixed notes after opened on marginally positive note. Under this index, CPO and CARDAMOM futures were trading on flat positive notes while COTTON and MENTHAOIL futures were trading on marginally negative notes in the morning trading session. CPO Feb future was trading up by 0.04 per cent to Rs. 571.00 per 10 kg after a rise of 0.19 per cent on yesterday’s closing price.CARDAMOM Mar future was also trading on flat positive notes at Rs. 1165.10 per kg, up by 0.04 per cent. Both MENTHAOIL and COTTON Feb futures were trading down by 1.02 per cent and 0.70 per cent to Rs. 1493.50 per kg and Rs. 19900.00 per bales respectively.

ENERGY index was also trading on mixed notes. NATURALGAS Feb future was trading on positive notes at Rs. 178.80 per mmBtu, up by 0.85 per cent after opened on flat positive note whileCRUDEOIL Feb future was trading down by 0.46 per cent to Rs. 4084.00 per BBL after opened on marginally negative note at Rs. 4094.00 per BBL. CRUDEOIL fell down in domestic commodity market as global financial markets headed south in the wake of one of the biggest intra-day falls ever registered on Wall Street.

Subhashree Swain
Analyst

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