Wednesday, 4 May 2016

EPIC RESEARCH NCDEX COTTON UPDATE OF 04 MAY 2016

Cotton trading range for the day is 17313-17753.
Cotton prices dropped on profit booking after prices seen supported due to improved demand from traders and stockists
China’s NRCD has announced that they would begin selling a portion of China’s estimated 58 mln bales of reserve stocks beginning in early May.
Cotton supplies in Indian spot markets fell 12 percent from a year ago to 28 million bales between October and March.
Cotton prices in spot market gained by 110.00 rupees and settled at 16920.00 rupees.
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EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 04 MAY 2016

CPO trading range for the day is 528-549.6.
Crude palm oil prices ended with losses on subdued demand following weak export data from Indonesia.
Indonesia's exports of palm oil and palm kernel oil in March fell 24% to 1.74 million tons from the previous month.
India’s palm oil imports rose by 5.34 per cent to 6,42,562 tonnes during March 2016 compared to the previous month.
Crude palm oil prices in spot market dropped by 6.20 rupees and settled at 549.60 rupees.
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EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 04 MAY 2016

Ref.Soya oil trading range for the day is 637-657.
Ref soyoil ended with losses on weak demand and higher supply in domestic market.
India's soybean oilmeal exports plunged 99.06% to 430 tons in March compared to 45,917 tons for the corresponding period a year earlier.
Oilmeals export dropped 52 per cent to 1.18 million tonnes  in 2015-16, against 2.46 mt the previous year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 627.5 rupees per 10 kgs.
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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 04 MAY 2016

Aluminium trading range for the day is 106.1-112.9.
Aluminium dropped soft global manufacturing activity unsettled markets only recently soothed by a signs of a pickup in China's economic activity.
Global manufacturing growth almost stalled last month as rising price halted a pick-up in new orders, a survey showed.
Activity at China's factories shrank for the 14th straight month in April as demand stagnated, forcing companies to shed jobs at a faster pace.
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