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DAILY COMMODITY REPORT January, 25 2018

MCXCOMDEX opened on flat negative note at 3669.72, down by 0.02 per cent than its previous closed at 3670.70 while METAL index opened on flat positive note at 5240.25 against previous closed at 5239.98. ENERGY index opened on marginally negative note at 2905.79, decline by 0.12 per cent from its previous closed at 2909.49 where as AGRI index was opened on marginally positive note at 2795.59, up by 0.24 per cent than its previous closed at 2788.70. India’s Multi Commodity exchange has recorded turnover of Rs. 3109798.96 Lacs on 24th Jan 2018.

ENERGY index opened on negative note, with decline of 0.12 per cent. Under this index, CRUDEOIL and NATURALGAS futures were trading on positive notes. CRUDEOIL Feb future was opened on positive note at Rs.4158.00 per BBL and trading on strong positive note at Rs. 4198.00 per BBL with an increase of 1.50 per cent. CRUDEOIL Feb future stood as the top performer in domestic commodity market. NATURALGAS Jan future was trading up by 1.08 per cent to Rs. 224.70 per mmBtu after opened on positive note at Rs. 222.80 per mmBtu. Crude oil prices climbed to fresh three-year highs on Today, as weekly decline in U.S. crude inventories added to overall optimism over the rebalancing of the market.

AGRI index has shown strong positive note in the morning trading session. Under this index COTTON future was trading on positive note while CPO, MENTHAOIL and CARDAMOM futures were trading on negative notes. CPO Jan future was trading on marginally negative note at Rs. 561.00 per 10 kg, down by 0.27 per cent where as MENTHAOIL Feb future was trading lower by 0.79 per cent to Rs. 1504.00 per kg. CARDAMOM Feb future was trading lower by 1.29 per cent to Rs. 1122.80 per kg and stood as the top loser in domestic commodity market. COTTON Feb future was trading on marginally positive note at Rs. 20680.00 per bales, up by 0.73 per cent.

METAL index was opened on flat positive note. Base Metals were trading on mixed notes while Precious Metals were trading on positive notes. Under base metals, commodities like ALUMINIUM, ZINC and LEAD futures were trading on negative notes while NICKEL and COPPER futures were trading on positive notes. ALUMINIUM Jan future was trading down by 0.18 per cent to Rs. 142.50 per kg after a rise of 0.56 per cent on yesterday’s closing price. Both ZINC and LEAD futures were trading on negative notes, down by 0.11 per cent and 0.54 per cent to Rs. 220.25 per kg and Rs. 166.75 per kg respectively. NICKEL Jan future was trading up by 0.57 per cent to Rs. 862.40 per kg and COPPER Feb future was trading up by 0.17 per cent to Rs.454.85 per kg.

Precious Metals were trading on positive notes. SILVER Mar future was trading on marginally positive note at Rs. 39903.00 per kg up by 0.49 per cent after a rise of 2.69 per cent on yesterday’s closing price while GOLD Feb future was also trading on marginally positive note at Rs. 30334.00 per 10 gm, up by 0.28 per cent. Gold and silver prices went higher on today after demand for the precious metals picked up in the wake of the reduced clout of the dollar.

Subhashree Swain
Analyst

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