Monday 15 July 2013

Today's Commodity Report 15 July,2013



DAILY BUZZ


Gold futures eased on Friday but notched its biggest weekly advance in nearly 2-years, as fears of an imminent winding down of the US Federal Reserve's monetary stimulus eased for now. 

Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, declined to 939.07 tons, as on July 10. Silver holdings of ishares silver trust, the largest ETF backed by the metal, increased to 10,185 tons, as on July 12.






Base Metals & Energy

DAILY BUZZ

Copper futures traded steadily before closing lower, after comments from a top Chinese government official triggered concerns that economic growth in China could fall short of targets. 

Copper futures for Sept. delivery closed down by 0.7% at $3.155 on the COMEX division of the NYMEX
.
Crude oil futures closed higher, to score a third consecutive weekly increase, with the market encouraged by Federal Reserve Chairman Ben Bernanke’s recent assurance that the central bank was in no hurry to raise interest rates.

 Natural gas prices were up, after updated weather forecasts called for above-normal temperatures for most of the US.



DAILY BUZZ


Turmeric’s August futures prices extended gains for the day due to short covering at the lower levels. Hence, turmeric’s August’13 futures contract ended the day in the green at Rs 5,800 per quintal, up 0.76% Jeera Aug’13 futures traded on a slightly negative note.

Jeera futures prices ended the day in the red at Rs 13,750 per quintal, down by 0.22%

The average auction price quoted for cardamom was Rs 527.65 per kg, Rs 19.37 lower at the spot market on Saturday Cardamom’s August futures contract prices traded on a negative note on cues from the spot market.

Cardamom’s August futures contract prices traded on a negative note on cues from the spot market

Cardamom’s August futures prices ended in the red at Rs 768.3per kg, down 0.08%

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