CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX COPPER

Copper trading range for the day is 398.1-407.7.

Copper recovered from lows as risk assets gained favour on a slight easing of tensions over Crimea, forcing covering of short positions.

China's refined copper output in the first two months of 2014 rose 6.57% from the same period a year earlier as smelters continued to expand capacity.

Market expects the Fed to stay on track to taper off its bond buying program at the FOMC meeting this week

Warehouse stock for Copper at LME was at 271750mt that is up by 18375mt.


For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More

CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX NICKEL

Nickel trading range for the day is 968.1-1001.7.

Nickel as an Indonesian ban on unprocessed ore coupled with geopolitical tensions between Russia and the West sparked fears of a supply shortage.

Still, nickel inventories are high as users built up stockpiles in anticipation of the Indonesian ban.

The US housing starts decreased 0.2% to a seasonally adjusted annual rate of 907,000, lower than the 910,000 expected.

Warehouse stock for Nickel at LME was at 270930mt that is up by 120mt.

For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More

CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX ALUMINIUM

Aluminium trading range for the day is 103.3-104.9.

Aluminium rose as the geopolitical crisis in Ukraine overnight didn’t further escalate, while US economic reports also showed some improvement

In Europe, the ZEW’s current conditions index for Germany and euro zone both picked up, but ZEW Economic Expectations declined

Aluminium daily stocks at Shanghai exchange came down by 1730 tonnes

Warehouse stock for Aluminium at LME was at 5227200mt that is down by -9275mt

For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More

CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 269.9-279.7.

Natural gas dropped as forecasts for mild weather in the near-term was expected to reduce demand for the heating fuel.

The Commodity Weather Group said the weather would be mostly normal in parts of the Midwest and Southeast through March 22 before turning colder.

Total U.S. natural gas storage stood at 1.001 trillion cubic feet, the lowest for this time of year since 2003.

The heating season from November through March is the peak demand period for U.S. gas consumption



For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More

CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014: MCX ZINC

Zinc trading range for the day is 118.6-122.
Zinc prices ended with gains due to easing Ukraine crisis and upbeat US stocks
The US CPI climbed a mere 0.1% MoM in February, which was right in line with expectations.
Zinc daily stocks at Shanghai exchange came down by 701 tonnes.
Warehouse stock for Zinc at LME was at 790925mt that is down by -3475mt.
For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More

CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX SILVER

Silver trading range for the day is 46310-47286.
Silver dropped tracking weak gold prices after Crimea voted to join Russia and leave Ukraine on Sunday with no widespread violence
Fed will most likely to announce another $10 billion cut to its bond-buying stimulus after solid U.S. retail sales and employment data
Investors remained cautious after Russia launched new military exercises near its border with Ukraine, showing no sign of backing down on plans to annex

Crimea.
Markets were also jittery after data showed that Chinese industrial production rose 8.6% in the first two months of 2014, missing market expectations.

For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More

CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX GOLD

Gold trading range for the day is 30217-30645.
Gold prices fell as a sharp rally in U.S. equities triggered profit-taking after bullion briefly rose in last some sessions.
Investors' appetite for risk diminished in view of increasing political tensions and economic troubles, which benefit gold.
SPDR gold trust holding dropped by 3.81 tonnes i.e. 0.47% to 812.78 tonnes from 816.59 tonnes.
The market was now awaiting the U.S. Federal Reserve's policy meeting on March 18-19.

For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More

CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX COPPER

Copper trading range for the day is 398.1-408.5.
Copper ended with small losses amid expectations of ebbing demand growth in China.
NAHB housing index was only 47 in March, showing that home builders were less than optimistic about housing market
Copper weekly stocks at Shanghai exchange came down by 5977 tonnes
Warehouse stock for Copper at LME was at 253375mt that is up by 2075mt.


For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More

CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX CRUDE OIL

Crudeoil trading range for the day is 5904-6082.

Crude oil dropped as ample global supplies outweighed concerns over continued tensions between Russia and the West over the fate of Crimea.

IEA said a surge in supply from Iraq and other oil producers should be more than sufficient to meet growing demand this year.

The IEA said Iraq's oil output surged by 530,000 barrels per day in February to 3.62 million bpd, the highest since 1979.

Slowing Chinese economic growth has raised concerns over oil demand in the world's second largest consumer.



For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More

CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX ZINC

Zinc trading range for the day is 118.6-121.6.

Zinc seen pressure after over 90% voters supported Crimea to join Russia, in line with market expectations.

In the US, the Empire State manufacturing index improved slightly in March, and the country’s industrial output value grew at the fastest pace in February

Zinc daily stocks at Shanghai exchange came up by 226 tonnes

Warehouse stock for Zinc at LME was at 794400mt that is down by -3500mt.


For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/

Read More