Friday, 29 May 2015

LME Inventory Data Report – 29/05/2015

COMMODITYData of 28/05/2015 (Released on Thursday)PREVIOUS-DAY DATA (29/05/2015)
ALUMINIUM- 10150- 8625
COPPER- 2475- 2925
LEAD- 1000+ 1675
NICKEL- 1014- 246
TIN-115REFRESH PAGE We Are Updating
ZINC- 2175- 2075


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EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 29 MAY 2015

CPO trading range for the day is 444-458.
Crude palm oil prices seen supported on improved demand and supply worries following the report that Indonesia may hike palm oil export duty.
Malaysia palm oil exports during May 1-25 jumped 52.94% compared to a month earlier on robust demand from China, India & Subcontinent and EU.
Rising supplies of palm, coming at a time when the market is bracing for record harvests of rival oilseeds.
Crude palm oil prices in spot market dropped by 0.30 rupees and settled at 457.10 rupees.





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EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 29 MAY 2015

Ref.Soya oil trading range for the day is 592-606.
Ref soyoil ended with gains on speculation of lower supply in domestic market.
The total production of oilseeds in the country is estimated at 27.38 million tons compared to 29.83 million tons estimated in previous estimates.
U.S. oilseed production for 2015/16 is projected at 114.1 million tons, down 2.6% from 2014/15 mainly on lower soybean production.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 604.25 rupees per 10 kgs.





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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 29 MAY 2015

Aluminium trading range for the day is 107.9-112.5.
Aluminium recovered to end with good gains as the dollar weakened and optimism grew over a Greek debt deal.
Aluminium premiums continue to trend lower with the Japanese buyer premium falling to a 68-month low.
Aluminium daily stocks at Shanghai exchange came down by 125 tonnes.





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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 29 MAY 2015

Turmeric trading range for the day is 7386-8054.
Turmeric prices ended with losses due to subdued demand in the spot market against ample stocks position.
The Erode Turmeric Merchants Association has introduced e-trading system in its sales yard .
NCDEX accredited warehouses turmeric stocks gained by 150 tonnes to 10496 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 7800 rupees dropped -31.8 rupees.









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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 29 MAY 2015

Soyabean trading range for the day is 3894-4082.
Soyabean ended with losses led by slack in export demand for soyameal.
Apprehensions of early Monsoon arrival kept pressure on market sentiments.
Reports stated that last year same period US growers had planted 61 percent of the estimated area.
At the Indore spot market in top producer MP, soybean gained 26 rupee to 3950 rupee per 100 kgs.





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EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 29 MAY 2015

Menthaoil trading range for the day is 912.8-956.2.
Menthaoil spot is at 1032/-. Spot market is up by Rs.20/-.
Mentha oil prices gained amid improved demand from consuming industries in the spot market.
Further, restricted arrivals from Chandausi in Uttar Pradesh too supported uptrend in mentha oil prices.
The continuous decline of daily arrivals at the spot markets together with the active demand are mainly supporting the mentha oil prices.





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EPIC RESEARCH MCX NICKEL UPDATE OF 29 MAY 2015

Nickel trading range for the day is 800.5-835.5.
Nickel dropped as pressure seen after lacklustre stainless steel demand in China and a new ShFE contract opened the doors to fresh short sellers.
Trades muted further due to tight liquidity at the end of month and expectation for growing spot supply
US existing home sales in April were up 3.4% to hit a 9-year high, with the growth higher than the 0.9% expected.



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EPIC RESEARCH MCX COPPER UPDATE OF 29 MAY 2015

Copper trading range for the day is 389.8-395.8.
Copper prices seen under pressure on further indications over the timing of a U.S. rate increase and the strength of the economy.
China's factories struggled to expand in May despite recent interest rate cuts and other policy stimulus
US economic data were mixed, with disappointing initial jobless claims but strong existing home sales.





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EPIC RESEARCH MCX SILVER UPDATE OF 29 MAY 2015

Silver trading range for the day is 37833-38681.
Silver settled flat as data on Thursday supported views the Federal Reserve was on track to hike U.S. rates later this year
Greece and its European and IMF lenders have been locked in slow-moving talks on a reform agreement for four months without a breakthrough in sight.
The U.S. Mint said on Thursday it will eliminate its restriction on purchases of American Eagle silver bullion coins, effective June 1.






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