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DAILY COMMODITY REPORT January, 22 2018

After a two days break in domestic commodity market, three of the four indices opened on positive notes.MCXCOMDEX opened on positive note at 3619.17, with an increase of 0.09 per cent from its last day closed at 3615.71 while METAL index opened on flat negative note at 5142.45, decline of 0.01 per cent from its last day closed at 5143.15. ENERGY index opened on marginally positive note at 2864.03, up by 0.19 percent than its last day closed at 2858.33 and AGRI index was also opened on marginally positive note at 2802.76, up by 0.14 per cent than its previous closed at 2798.73.

ENERGY index has shown a positive sign in the morning trading session. Both NATURALGAS andCRUDEOIL future were trading on positive notes. NATURALGAS Jan future was trading on strong positive notes at Rs. 207.90 per mmBtu, with an increase of 2.16 per cent and stood as the top performer in the domestic commodity market.CRUDEOIL Feb future was trading on marginally positive notes at Rs. 4060.00 per BBL, up by 0.45 per cent. Oil prices climbed on today, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies would continue beyond 2018 and a drop in U.S. drilling activity and by fighting in Syria between Turkish forces and Kurdish fighters.

Under AGRI index commodities like, CPO and COTTON futures were trading on positive notes whileCARDAMOM and MENTHAOIL futures were trading on negative notes in the morning trading session. CPO Jan future was trading on marginally positive notes with an increase of 0.42 per cent to Rs. 554.80 per 10 kg whileCOTTON Jan future was trading at Rs. 20980.00 per bales, up by 0.14 per cent. CARDAMOM Feb future was trading on marginally negative notes at Rs. 1135.00 per kg, down by 0.15 per cent and MENTHAOIL Jan future was trading on negative notes at Rs. 1533.60 per kg, decline by 0.63 per cent in the morning trading session.

METAL index opened on flat negative note with a decline of 0.01 per cent. Under this index Both Base Metals and Precious Metal were trading on positive notes in the morning trading session. Under Base Metals, COPPER Feb future was trading on marginally positive notes at Rs. 454.20.per kg, up by 0.83 per cent and stood as the top performer in this index. LEAD Jan future was trading at Rs. 166.35 per kg, with an increase of 0.57 per cent whileNICKEL Jan future was trading at Rs. 810.90 per kg, up by 0.38 per cent and ZINC Jan future was trading on marginally positive notes at Rs. 219.80 per kg, up by 0.37 per cent. ALUMINIUM Jan future was trading up by 0.28 per cent to Rs. 142.15 per kg. Due to strong demand in spot market Base Metals commodities were trading on positive notes.

Precious Metals have shown positive sign in the morning trading session. GOLD Feb future was trading on flat positive note at Rs. 29775.00 per 10 gm, up by 0.07 per cent while SILVER Mar future was also trading on marginally positive note at Rs. 39026.00 per kg, up by 0.15 per cent.

Subhashree Swain
Analyst

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