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DAILY COMMODITY REPORT February, 07 2018

MCXCOMDEX opened on marginally positive note at 3638.15, up by 0.11 per cent from its previous closed at 3633.95 while METAL index was also opened on marginally positive note at 5224.41, up by 0.20 per cent than its previous closed at 5213.49. ENERGY index opened on marginally positive note at 2866.50, up by 0.33 per cent than its previous closed at 2857.06 where as AGRI index opened on marginally positive note at 2768.24, up by 0.46 per cent from its previous closed at 2755.46. India’s Multi Commodity exchange has recorded turnover of Rs. 2637667.86 Lacs on 6th Feb 2018.

AGRI index was trading on positive notes in the morning trading session. Commodities like, CPO, COTTON and MENTHAOIL futures were trading on positive notes while CARDAMOM future was trading on negative note. COTTON Feb future was trading on marginally positive note at Rs. 19920.00 per bales, up by 0.71 per cent and MENTHAOIL Feb future was trading up by 0.61 per cent to Rs. 1510.50 per kg after opened on positive note at Rs.1507.00 per kg. CPO Feb future was trading up by 0.54 per cent to Rs. 574.00 per 10 kg after opened on positive note at Rs. 578.90 per 10 kg. CARDAMOM Mar future was trading down by 0.54 per cent to Rs. 1170.00 per kg after opened on negative note at Rs. 1166.00 per kg.

ENERGY index opened on positive note with an increase of 0.33 per cent in the morning trading session. Both NATURALGAS and CRUDEOIL future were trading on positive notes. NATURALGAS Feb future was trading up by 0.62 per cent to Rs. 177.80 per mmBtu after opened on positive note at Rs. 178.50 per mmBtu. CRUDEOIL Feb future was trading at Rs. 4103.00 per BBL, up by 0.10 per cent after opened at Rs. 4109.00 per BBL. Crude oil prices rose on today amid a recovery in global stock markets, supported by a report that U.S. crude inventories fell last week and positive comments by OPEC.

METAL index was trading on positive notes. Under this index, both Precious Metals and Base Metals were trading on positive notes. Under Base Metals, commodities like NICKEL, ALUMINIUM, COPPER, ZINC futures were trading on positive notes while LEAD future was trading on negative note. NICKEL Feb future was trading on strong positive note at Rs. 871.00 per kg, up by 1.84 per cent and stoop as top performer in domestic commodity market. ALUMINIUM Feb future was trading on marginally positive note at Rs. 140.60 per kg, up by 0.93 per cent and COPPER Feb future was trading on marginally positive note at Rs. 456.20 per kg, up by 0.74 per cent. ZINC Feb future was trading up by 0.65 per cent to Rs. 225.30 per kg after opened on positive note at Rs. 224.95 per kg. LEAD Feb future was trading on negative note at Rs. 167.85 per kg, lower by 0.03 per cent.

Precious Metals were trading on positive notes. SILVER Mar future was trading on marginally positive note at Rs. 38540.00 per kg up by 0.53 per cent after opened at Rs. 38502.00 per kg. GOLD Apr future was trading on flat positive note at Rs. 30211.00 per 10 gm, up by 0.08 per cent as participants built up fresh positions, taking positive cues from global markets.

Subhashree Swain
Analyst

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