Friday, 1 August 2014

NCDEX CORIANDER UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Coriander prices fell by 0.19 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices.

At the NCDEX, coriander futures for August 2014 contract were trading at Rs. 11,802 per quintal, down by 0.19 per cent, after opening at Rs. 11,829 against the previous closing price of Rs. 11,825. 

It touched the intra-day low of Rs. 11,731 till the trading.


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MCX GOLD UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Gold trading range for the day is 27728-28178.

Gold dropped headed for a third straight weekly loss, as U.S. economic optimism offset any safe-haven demand.

Disappointing data from the U.S. with initial claims for unemployment benefits rising more than expected last week.

Investors were now awaiting U.S. nonfarm payrolls data, even as they were keeping an eye on geopolitical tensions in the Middle East.

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MCX SILVER UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Silver trading range for the day is 43962-45018.Silver dropped as hopes that Friday's U.S. jobs report will come in solid chipped away at the precious metal's safe-haven appeal.

The Federal Reserve's reduced bond-buying stimulus and a better undertone in the U.S. economy decreased the metal's appeal as a hedge.

Bullion continued to slide as the dollar continued to see support from Thursday's upbeat U.S. gross domestic product report.

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MCX CRUDE OIL UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Crudeoil trading range for the day is 5939-6117.
Crude dropped on demand growth concerns after some dismal economic data from the US.
CVR Refining said its 115,000-barrel-per-day refinery in Coffeyville, Kansas might be shut for as long as four weeks.
OPEC pumped more oil in July, further tempering concerns that unrest in North Africa and the Middle East could hurt global oil supplies.

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MCX ALUMINIUM UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Aluminium trading range for the day is 119.8-124.2.
Aluminium ended with losses dragged down by worse-than-expected US economic data.
US initial jobless claims for the week ending July 25 came in at 302,000, higher than the expected 300,000.
Aluminium daily stocks at Shanghai exchange came down by 602 tonnes.

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MCX NATURAL GAS UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Natural gas trading range for the day is 226-243.8.

Natural gas rallied after official data revealed U.S. inventories rose less than expected last week.

The U.S. EIA said in its weekly report that natural gas storage in the U.S. rose by 88 billion cubic feet.

Stocks were 530 bcf less than last year at this time and 641 bcf below the five-year average of 2.948 tcf for this time of year.


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NCDEX JEERA UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Jeera trading range for the day is 11268-11558.
Jeera ended down after rain in the main producing state of Gujarat disrupted trading activities in spot markets.
The total stocks in local mandies were almost double of the previous year's level of 35 lakh bags due to record production in the current year
NCDEX accredited warehouses jeera stocks dropped by 66 tonnes to 390 tonnes.


In Unjha, a key spot market in Gujarat, jeera edged down by -151.55 rupees to end at 11500 rupee per 100 kg.

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NCDEX CHANA UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Chana trading range for the day is 2839-2983.
Chana prices dropped as the monsoon improved in rainfed areas of western India where the crop is grown.
Chana arrivals fell by 5 trucks to 30 trucks as compared to previous day.
NCDEX accredited warehouses chana stocks gained by 90 tonnes to 121657 tonnes.


In Delhi spot market, chana dropped by -31.3 rupee to end at 2884.15 rupee per 100 kgs.

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NCDEX SOYABEAN UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Soyabean trading range for the day is 3585-3697.
Soyabean ended with gains on improved demand from crushers in mandis across M.P & Maharashtra.
Good soybean sowing progress was witnessed during last few days with monsoon reviving across the producing areas.
NCDEX accredited warehouses soyabean stocks dropped by 49 tonnes to 4564 tonnes.


At the Indore spot market in top producer MP, soybean dropped -103 rupee to 4086 rupee per 100 kgs.

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NCDEX MENTHA OIL UPDATE OF 01 AUGUST 2014 BY EPIC RESEARCH

Menthaoil trading range for the day is 697.2-718.2.

Menthaoil spot is at 778/-. Spot market is down by Rs. 2/-.

Mentha oil prices dropped due to lower demand from consuming industries in the spot market.

Further, higher supplies from Chandausi in Uttar Pradesh too added pressure on mentha oil prices.


Demand is likely to pick up in the coming days that could support the prices which have fallen a lot over last few months.

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