Tuesday, May 31, 2016

Commodity Live News

TIMEPARTICULERSType
11:22Natural gas rallied sharply in yesterdays session more than 6% after EIA Annual Outlook consumption is expected to increase by approximately 1% per year, also forecasts for the coming week turned warmer.C
11:21BASE MCX : INTRADAY BUY NAT GAS JUNE ABV 154 SL BELOW 150.50 TGT 157.20-159.80.C
10:36BASE MCX : INTRADAY SELL COPPER JUNE BELOW 309 SL ABV 312.50 TGT 307.20-305.50.C
10:34Today Economical Data to watch:C
10:3312:45pm EUR Spanish Manufacturing PMIC
10:321:15pm EUR Italian Manufacturing PMIC
10:321:20pm EUR French Final Manufacturing PMIC
10:321:25pm EUR German Final Manufacturing PMIC
10:321:30pm EUR Final Manufacturing PMIC
10:317:15pm USD Final Manufacturing PMIC
10:317:30pm USD ISM Manufacturing PMIC
10:317:30pm USD Construction Spending m/mC
10:297:30pm USD ISM Manufacturing PricesC
10:29All Day USD Total Vehicle SalesC
10:2811:30pm USD Beige BookC
10:23BASE NCDEX : INTRADAY BUY SUGAR JULY ABV 3560 SL BELOW 3535 TGT 3588-3610.C
10:23BASE NCDEX : INTRADAY SELL SOYABEAN JULY BELOW 3870 SL ABV 3920 TGT 3845-3810.C
10:21BASE MCX : INTRADAY SELL GOLDMINI JUL BELOW 28750 SL ABV 28900 TGT 28640-28520.C
10:19BASE NCDEX : INTRADAY SELL RMSEED JULY BELOW 4498 SL ABV 4540 TGT 4465-4435.C
10:13BASE MCX : INTRADAY SELL LEAD BELOW 113.80 SL ABV 114.60 TGT 113.20-112.60.C
10:04BASE MCX : INTRADAY SELL CRUDE OIL JUNE BELOW 3280 SL ABV 3340 TGT 3245-3205. CMP: 3281.C
10:01WILL WAIT FOR ENTRY CRUDE OIL AND COPPER AS MKT OPENED WITH GAP.C
09:57BASE MCX : INTRADAY SELL COPPER JUNE BELOW 311.80 SL ABV 314.80 TGT 308.80-306.C
09:56BASE MCX : INTRADAY SELL CRUDE OIL JUNE BELOW 3325 SL ABV 3370 TGT 3285-3240.C
09:48*Silver trading range for the day is 38075-38953.# Silver prices dropped as mixed U.S. economic data likely did little to sway the Federal Reserve in either direction ahead of a highly-anticipated interest rate decision.# The U.S. economy is on track to grow by a 2.9 percent annualised rate in the second quarter following surprisingly strong data on domestic personal spending in April.# Investors will monitor May U.S. private-sector ISM manufacturing data, due on Wednesday, and nonfarm payrolls on Friday. # Market players will also be focusing on the outcome of Thursdays ECB meeting as well as new quarterly forecasts.C
09:47*Gold trading range for the day is 28697-29103.# Gold gained but remained on track for its biggest monthly decline since November on dollar strength and growing expectations of an imminent U.S. interest rate hike.# U.S. consumer spending rose by the most in more than six years in April as households stepped up purchases in economic growth.# Gold has been under pressure since release of the minutes from the Federal Reserves April meeting boosted expectations of an imminent rate rise.# The U.S. Mint sold 76,500 ounces of American Eagle gold coins in May, down 27.5 percent from the previous month, according to the latest data.C
09:47*Copper trading range for the day is 310.3-316.5.# Copper settled unchanged while prices dropped by more than 7% in May, pressured by a resurgent dollar on increasing expectations of a US interest rate hike.# Copper output in Chile fell in April as some mines were hit by heavy rains and ore grades continued to decline, the government said. # Workers at Chinalcos copper mine in Peru start strike on Tuesday to demand the reinstatement of a quarterly bonus- the union said# Warehouse stock for Copper at LME was at 151725mt that is down by -2025mt.C
09:47*Crudeoil trading range for the day is 3286-3394.# Crude oil prices dropped on rising output from the Middle East and ahead of an OPEC meeting later this week.# Iraq will supply 5 million barrels of extra crude to its international oil company partners in June, industry sources familiar with the issue said.# OPECs 13 members meet in Vienna on Thursday to set the groups policy, which is more focused on market share than on influencing prices.# OPEC preparing to meet later this week, Morgan Stanley said that any coordinated action on cuts is unlikely.C
09:47*Zinc trading range for the day is 126.6-131.2.# Zinc prices gained on the expectation that activity in Chinas manufacturing sector will improve and actual data unexpectedly expanded for the third straight month in May.# The official PMI was unchanged from April at 50.1 last month, barely above the 50-mark that separates expansion in activity from contraction on a monthly basis.# Zinc demand will benefit to the extent that China continues to rely on infrastructure growth for overall economic support# Warehouse stock for Zinc at LME was at 380700mt that is down by -2300mt.C
09:47*Menthaoil trading range for the day is 848.1-904.1.# Mentha oil spot at Sambhal closed at 1008.10 per 1kg. Spot prices is up by Rs.7.30-.# Mentha oil prices gained amid rising demand from consuming industries at the spot market. # Besides, restricted supplies from major producing belts of Chandausi in Uttar Pradesh also fuelled the uptrend.C
09:47*Soyabean trading range for the day is 3817-3977.# Soyabean prices dropped on weak demand in export market and on hope of higher supply in domestic market.# Moreover, forecast of good monsoon season may prompt farmers to release their remaining stock anticipating the prices to fall.# NCDEX accredited warehouses soyabean stocks gained by 101 tonnes to 34664 tonnes.# At the Indore spot market in top producer MP, soybean dropped -57 rupee to 3973 rupee per 100 kgs.C
09:46*Jeera trading range for the day is 16360-16700.# Jeera prices ended with losses on increased arrivals from producing regions.# Jeera prices may be under pressure in coming months if pace of export demand will not pick up in few weeks.# NCDEX accredited warehouses jeera stocks dropped by 6 tonnes to 3897 tonnes.# In Unjha, a key spot market in Gujarat, jeera edged up by 8.35 rupees to end at 16750 rupee per 100 kg.C
09:46*Turmeric trading range for the day is 7874-8042.# Turmeric prices dropped on reports of good rains in turmeric growing area in south India. # Farmers, who are holding stocks on hopes of higher prices, may bring stocks in the market to meet their cash requirements.# NCDEX accredited warehouses turmeric stocks dropped by 20 tonnes to 5412 tonnes.# In Nizamabad, a major spot market in AP, the price ended at 8419.4 rupees dropped -14.8 rupees.C
09:46*Chana trading range for the day is 6062-6212.# Chana prices dropped triggered by ample stocks on higher supplies from producing belts at spot market against subdued demand.# However, anticipation of supply crunch in coming months due to lower production, capped some losses.# Pulses prices have seen increase because of a fall in domestic production, largely due to drought and scanty rainfall.# In Delhi spot market, chana dropped by -24.05 rupee to end at 6200 rupee per 100 kgs.C
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TIMEPARTICULERSType
10:36BASE MCX : INTRADAY SELL COPPER JUNE BELOW 309 SL ABV 312.50 TGT 307.20-305.50. C
10:34Today Economical Data to watch: C
10:3312:45pm EUR Spanish Manufacturing PMI C
10:321:15pm EUR Italian Manufacturing PMI C
10:321:20pm EUR French Final Manufacturing PMI C
10:321:25pm EUR German Final Manufacturing PMI C
10:321:30pm EUR Final Manufacturing PMI C
10:317:15pm USD Final Manufacturing PMI C
10:317:30pm USD ISM Manufacturing PMI C
10:317:30pm USD Construction Spending m/m C
10:297:30pm USD ISM Manufacturing Prices C
10:29All Day USD Total Vehicle Sales C
10:2811:30pm USD Beige Book C
10:23BASE NCDEX : INTRADAY BUY SUGAR JULY ABV 3560 SL BELOW 3535 TGT 3588-3610. C
10:23BASE NCDEX : INTRADAY SELL SOYABEAN JULY BELOW 3870 SL ABV 3920 TGT 3845-3810. C
10:21BASE MCX : INTRADAY SELL GOLDMINI JUL BELOW 28750 SL ABV 28900 TGT 28640-28520. C
10:19BASE NCDEX : INTRADAY SELL RMSEED JULY BELOW 4498 SL ABV 4540 TGT 4465-4435. C
10:13BASE MCX : INTRADAY SELL LEAD BELOW 113.80 SL ABV 114.60 TGT 113.20-112.60. C
10:04BASE MCX : INTRADAY SELL CRUDE OIL JUNE BELOW 3280 SL ABV 3340 TGT 3245-3205. CMP: 3281. C
10:01WILL WAIT FOR ENTRY CRUDE OIL AND COPPER AS MKT OPENED WITH GAP. C
09:57BASE MCX : INTRADAY SELL COPPER JUNE BELOW 311.80 SL ABV 314.80 TGT 308.80-306. C
09:56BASE MCX : INTRADAY SELL CRUDE OIL JUNE BELOW 3325 SL ABV 3370 TGT 3285-3240. C
09:48*Silver trading range for the day is 38075-38953.# Silver prices dropped as mixed U.S. economic data likely did little to sway the Federal Reserve in either direction ahead of a highly-anticipated interest rate decision.# The U.S. economy is on track to grow by a 2.9 percent annualised rate in the second quarter following surprisingly strong data on domestic personal spending in April.# Investors will monitor May U.S. private-sector ISM manufacturing data, due on Wednesday, and nonfarm payrolls on Friday. # Market players will also be focusing on the outcome of Thursdays ECB meeting as well as new quarterly forecasts. C
09:47*Gold trading range for the day is 28697-29103.# Gold gained but remained on track for its biggest monthly decline since November on dollar strength and growing expectations of an imminent U.S. interest rate hike.# U.S. consumer spending rose by the most in more than six years in April as households stepped up purchases in economic growth.# Gold has been under pressure since release of the minutes from the Federal Reserves April meeting boosted expectations of an imminent rate rise.# The U.S. Mint sold 76,500 ounces of American Eagle gold coins in May, down 27.5 percent from the previous month, according to the latest data. C
09:47*Copper trading range for the day is 310.3-316.5.# Copper settled unchanged while prices dropped by more than 7% in May, pressured by a resurgent dollar on increasing expectations of a US interest rate hike.# Copper output in Chile fell in April as some mines were hit by heavy rains and ore grades continued to decline, the government said. # Workers at Chinalcos copper mine in Peru start strike on Tuesday to demand the reinstatement of a quarterly bonus- the union said# Warehouse stock for Copper at LME was at 151725mt that is down by -2025mt. C
09:47*Crudeoil trading range for the day is 3286-3394.# Crude oil prices dropped on rising output from the Middle East and ahead of an OPEC meeting later this week.# Iraq will supply 5 million barrels of extra crude to its international oil company partners in June, industry sources familiar with the issue said.# OPECs 13 members meet in Vienna on Thursday to set the groups policy, which is more focused on market share than on influencing prices.# OPEC preparing to meet later this week, Morgan Stanley said that any coordinated action on cuts is unlikely. C
09:47*Zinc trading range for the day is 126.6-131.2.# Zinc prices gained on the expectation that activity in Chinas manufacturing sector will improve and actual data unexpectedly expanded for the third straight month in May.# The official PMI was unchanged from April at 50.1 last month, barely above the 50-mark that separates expansion in activity from contraction on a monthly basis.# Zinc demand will benefit to the extent that China continues to rely on infrastructure growth for overall economic support# Warehouse stock for Zinc at LME was at 380700mt that is down by -2300mt. C
09:47*Menthaoil trading range for the day is 848.1-904.1.# Mentha oil spot at Sambhal closed at 1008.10 per 1kg. Spot prices is up by Rs.7.30-.# Mentha oil prices gained amid rising demand from consuming industries at the spot market. # Besides, restricted supplies from major producing belts of Chandausi in Uttar Pradesh also fuelled the uptrend. C
09:47*Soyabean trading range for the day is 3817-3977.# Soyabean prices dropped on weak demand in export market and on hope of higher supply in domestic market.# Moreover, forecast of good monsoon season may prompt farmers to release their remaining stock anticipating the prices to fall.# NCDEX accredited warehouses soyabean stocks gained by 101 tonnes to 34664 tonnes.# At the Indore spot market in top producer MP, soybean dropped -57 rupee to 3973 rupee per 100 kgs. C
09:46*Jeera trading range for the day is 16360-16700.# Jeera prices ended with losses on increased arrivals from producing regions.# Jeera prices may be under pressure in coming months if pace of export demand will not pick up in few weeks.# NCDEX accredited warehouses jeera stocks dropped by 6 tonnes to 3897 tonnes.# In Unjha, a key spot market in Gujarat, jeera edged up by 8.35 rupees to end at 16750 rupee per 100 kg. C
09:46*Turmeric trading range for the day is 7874-8042.# Turmeric prices dropped on reports of good rains in turmeric growing area in south India. # Farmers, who are holding stocks on hopes of higher prices, may bring stocks in the market to meet their cash requirements.# NCDEX accredited warehouses turmeric stocks dropped by 20 tonnes to 5412 tonnes.# In Nizamabad, a major spot market in AP, the price ended at 8419.4 rupees dropped -14.8 rupees. C
09:46*Chana trading range for the day is 6062-6212.# Chana prices dropped triggered by ample stocks on higher supplies from producing belts at spot market against subdued demand.# However, anticipation of supply crunch in coming months due to lower production, capped some losses.# Pulses prices have seen increase because of a fall in domestic production, largely due to drought and scanty rainfall.# In Delhi spot market, chana dropped by -24.05 rupee to end at 6200 rupee per 100 kgs. C