mcx commodity newsletter 18-december
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8/13/2019 MCX Commodity Newsletter 18-December
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11118888----DECDECDECDEC.... ----2013201320132013DAILY MCX NEWSLETTER
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8/13/2019 MCX Commodity Newsletter 18-December
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BULLION
ia Government drive to reduce gold
sumption to discourage gold imports,
uce Current Account Deficit (CAD) also
sed increase in smuggling activity and
uced gold jewellery exports.
rmed by the huge increase in gold imports
cause foreign exchange outgo of $56.8 bn
012-13, India government hiked import
y on gold to 10% in different stages from a
rate of 2%.
ariety of measures were taken by Finance
nistry and Reserve Bank of India (RBI) to
b consumption of the yellow metal
uding the introduction of the stipulation
one fifth of the imported bullion had to
xported in value added form.
measures to discourage imports led to fall
old and silver import value to $25.5 bn in
first eight months of 2013-14 compared to
5 bn last fiscal. However, large number of
uggling incidents have been reported since
y at various international airports in the
ntry.
ENERGY
The inflation surge in November was ca
by rise in prices across categories- fuel, f
articles, non-food articles and manufactu
products.
"Momentum indicators suggest that whi
inflation in primary articles is likely to
moderate in the coming months, inflatio
manufactured products could accelerate
further. Momentum in manufactured pr
categories - food, textiles, basic metals, a
and metal products, shows an upward tr
partly reflecting the adverse impact of th
weak rupee on imported inflation," acco
to CRISIL Research.
With a weak rupee and rising fuel prices
margins of producers are under stress. T
extent of rising input costs being passed
consumers is likely to rise further, espec
household consumption begins to impro
following a normal monsoon, and a
consequent increase in farm incomes. Gi
the rising inflation - both at the retail an
wholesale level, the RBI with inflation c
as its prime objective, is set to hike the r
rate once again later this week.
BASE METAL
Copper surplus is expected to widen and
outpace demand growth in 2014, according
to International Copper Study Group
(ICSG).
ICSG pointed out that surplus is expected
to grow from 387,000 tons this year to
632,000 tons in 2014.Global copper demand
is expected to increase by 4.5% in 2014 as
economic recovery gains steam
internationally.
Refined copper production to rise 5.5% to
22.1 mn tons next year on China production
gains. In 2013- it grew 3.9% to 20.9 mn tons.
Projects deferred during financial crisis will
go onstream in 2014-15 increasing mine
output
World mine output to surge 11.4% to 18.6
mn tons in 2014.
Copper witnessed some uptrend in LME
this week climbing to $7159 a ton on weak
dollar, China demand for the metal
although the metal has fallen close to 10%
year-to-date.It broke below $7,000 a tonne in
mid-November after holding in a $7,000-
$7,400 range since August.
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8/13/2019 MCX Commodity Newsletter 18-December
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: A
A : 29000, 29200
: 28400, 28150
A :
: A
A : 45100, 45500
: 44300, 44000
A : B
BULLION
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8/13/2019 MCX Commodity Newsletter 18-December
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ENERGY
: A
A : 6100, 6140
: 6000, 5960A :
: A
A : 266.50, 270.50
: 260.00, 256.00
A : B
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8/13/2019 MCX Commodity Newsletter 18-December
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BASE METAL
: AA : 462.50, 466.00
: 455.00, 452.00
A :
: A
A : 134.00, 135.00
: 131.50, 130.50
A :
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8/13/2019 MCX Commodity Newsletter 18-December
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: A
A : 124.00, 125.00
: 121.00, 119.50
A :
: A
A : 110.00, 111.00
: 108.80, 107.00
A :
: A
A : 875.00, 880.00 : 861.50, 856.00
A : B
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8/13/2019 MCX Commodity Newsletter 18-December
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1233.00
19.904
03.310
97.65
AA A 04.304
AA 700.50
A 1351.80
61.9450
01.3772
103.010
00.8849
B 01.6283
A 01.0608
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8/13/2019 MCX Commodity Newsletter 18-December
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8/13/2019 MCX Commodity Newsletter 18-December
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