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DAILY COMMODITY REPORT January, 23 2018

MCXCOMDEX opened on flat positive note at 3621.88 against previous closed at 3621.65. METAL index opened on flat negative note at 5163.70, down by 0.02 per cent from its previous closed at 5165.18. ENERGY index opened on flat negative note at 2852.47, down by 0.08 per cent from its previous closed at 2854.78 and AGRI index was also opened on flat positive note at 2794.36, up by 0.06 per cent than its previous closed at 2792.66. India’s Multi Commodity exchange has recorded turnover of Rs. 1970391.14 Lacs on 22nd Jan 2018.

AGRI index opened on flat positive note with an increase of 0.06 per cent. Under this index, COTTON future was trading on positive note while CPO, CARDAMOM and MENTHAOIL were trading on negative notes. COTTON Jan future was trading on marginally positive note at Rs. 20860.00 per bales, up by 0.24 per cent while CPO Jan future was trading on flat negative note at Rs. 553.50 per 10 kg, decline by 0.05 per cent. CARDAMOM Feb future was trading on marginally negative note at Rs. 1142.00 per kg, decline by 0.44 per cent. MENTHAOIL Jan future was trading on high negative note, down by 1.22 per cent to Rs. 1488.60 per kg and stood as the top loser in domestic commodity market.

ENERGY index opened on flat negative note in the morning trading session. Both CRUDEOIL and NATURALGAS future were trading on strong positive notes. CRUDEOIL Feb future was trading on marginally positive note at Rs. 4085.00 per BBL, up by 0.99 per cent after a rise of 0.22 per cent on yesterday’s closing price. NATURALGAS Jan future was trading on high positive note at Rs. 208.20 per mmBtu, up by 0.97 per cent after an increase of 1.38 per cent on last closing price. Oil prices rose on Today, lifted by healthy economic growth as well as the ongoing supply restraint by a group of exporters around OPEC and Russia.

METAL index was opened on flat negative note, with a decline of 0.02 per cent in the morning trading session. Base Metals were trading on negative notes while Precious Metals were trading on positive notes. Under Base Metals, commodities likeALUMINIUM, LEAD, ZINC, COPPER and NICKEL futures were trading on negative notes.ALUMINIUM Jan future was trading down by 0.45 per cent to Rs. 142.90 per kg after a rise of 1.20 per cent on yesterday’s closing price and LEAD Jan future was trading lower by 0.21 per cent to Rs. 166.90 per kg after an increase of 1.00 per cent on last closing price. NICKEL Jan future was the top loser in this index and trading down by 0.49 per cent to Rs. 807.10 per kg. ZINC Jan future was trading down by 0.14 per cent to Rs. 219.60 per kg and COPPER Feb future was trading lower by 0.13 per cent to Rs.452.00 per kg.

Precious Metals have shown a positive sign in the morning trading session. SILVER Mar future was trading on marginally positive note at Rs. 39024.00 per kg up by 0.12 per cent after a decline of 0.02 per cent on yesterday’s closing price while GOLD Feb future was also trading on marginally positive note at Rs. 29895.00 per 10 gm, up by 0.20 per cent. Gold prices ruled higher in morning trade on Tuesday, aided by buying by jewellers, investors and retailers.

Subhashree Swain
Analyst

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