CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX COPPER

Copper trading range for the day is 404.4-410.8.
Copper prices settled flat after as US dollar index gained as data showed US retail sales posted its biggest rise since September 2012 in March
The Ukraine crisis continued to escalate, with EU announcing to expand sanctions on Russia, fueling market concerns.
The euro zone February factory output matched forecast by rising 0.2% MoM, with January’s data revised from a 0.2% decline to a 1.6% growth.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 123-124.4.
Zinc gained as Ukraine crisis further intensified, market worried the sanctions imposed on Russia may affect its exports, supported prices.
US retail sales were reported up 1.1% on the month in March, its biggest gain since September 2012, gaining steam primarily from the auto industry.

Zinc daily stocks at Shanghai exchange came down by 732 tonnes.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1040.7-1104.5.
Nickel rallied on renewed concerns over supply of the stainless steel material following Indonesia's move to stop ore exports.
Total nickel ore exports last year were around 64.8 million tonnes, and will fall 94 percent to 3.5 million tonnes this year, Indonesia's mines ministry said.

On Monday, nickel hit an intraday high of $17,917 a tonne - its strongest since Feb. 19 last year - before retreating to $17,845, up 2.56 percent.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 271.4-282.
Natural gas dropped as forecasts for seasonably mild U.S. temperatures typical of this time of year weighed on prices.
Forecasts for above-normal temperatures for pockets of the country cushioned losses though slightly.

Severely cold weather over this past winter saw natural gas stockpiles fall to 11-year lows, sparking the prices.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 15 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 111.3-112.9.
Aluminium prices settled flat after data showed US March retail sales rose 1.1%, the largest growth in one and 1/2 years.
Japanese aluminium buyers will mostly pay record high premiums of $365-$370 per tonne over LME prices for April-June shipments

Aluminium daily stocks at Shanghai exchange came up by 42163 tonnes.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28318-29046.

Gold gained after minutes from the Federal Reserve's policy meeting showed that officials were not keen on increasing interest rates anytime soon

Prices largely ignored data signalling a stronger U.S. job market, with the number of Americans filing new applications for unemployment benefits tumbling.

SPDR gold trust holding dropped by 0.26 tonnes i.e. 0.03% to 806.22 tonnes from 806.48 tonnes.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6191-6285.

Crude oil gained but upside was limited due to weak Chinese economic data and the potential of more supplies returning to the global market.

U.S. crude oil was supported slightly by news that U.S. jobless claims fell to their lowest level in 7 years.

China imported 23.52 million tonnes, or 5.54 million barrels per day of crude oil in March, customs data showed
http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX COPPER

Copper trading range for the day is 401.6-409.4.
Copper edged up supported by the prospect U.S. interest rates may not rise as soon as previously thought.
China's imports of copper rose 10.8 percent in March from February on expectations of increased seasonal demand through the second quarter.
Copper daily stocks at Shanghai exchange came down by 4748 tonnes

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 999.8-1055.2.
Nickel rose as investors raised bullish bets after signs of stress in Chinese stainless steel markets following a ban on exports from Indonesia.
Reduced supply of nickel pig iron could mean that China increases its use of the higher-grade refined metal, underpinning global prices.

Technically market is under fresh buying as market has witnessed gain in open interest by 13.57% to settled at 9480.

http://www.capitalstroke.com/ or contact on 0731-3299704

Read More

CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 109.9-114.5.
Aluminium rose on prospects that U.S. interest rates would not rise as soon as previously thought.
China's overall exports unexpectedly fell for second straight month in March, and import growth dropped sharply, intensifying concerns about weak manufacturing.

Aluminium daily stocks at Shanghai exchange came up by 4349 tonnes.


http://www.capitalstroke.com/ or contact on 0731-3299704

Read More