CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1067.9-1099.9.
Nickel gained on concern that escalating tensions in Ukraine may disrupt supplies from Russia amid Indonesia’s ban on ore exports.
Nickel concentrate imports by China reached the highest in 19 months as rising metal prices encouraged smelters to purchase the raw material from overseas to boost output.

Russian nickel supply was tight as importers held back goods, with prices between RMB 119,900-120,100/mt.

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CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 281.8-292.2.
Natural gas settled flat as investors locked in gains from last week's bullish U.S. inventory report sold the commodity for profits.
Severely cold weather this past winter saw natural gas stockpiles fall to 11-year lows, sparking concerns that producers may not be able to refill inventories.
The heating season from November through March is the peak demand period for U.S. gas consumption.

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CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 110-112.2.
Aluminium ended with small gains tracking other base metals counters amid lack of directions from the LME market
The Conference Board Leading Economic Index also rose in the month by 0.8%, beating expectations.

Aluminium daily stocks at Shanghai exchange came down by 775 tonnes

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28370-28684.
Gold dropped as gains in equities markets and indications that the U.S. economic recovery is progressing dampened safe haven demand.
Ms. Yellen said monetary policy will need to remain accommodative for some time, citing slackness in the labor market and low inflation.
SPDR gold trust holdings dropped by 3.29 tonnes i.e. 0.41% to 795.14 tonnes from 798.43 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX SILVER

Silver trading range for the day is 41967-42775.
Silver prices dropped after weekly U.S. jobless claims numbers and a regional factory report beat expectations.
Solid U.S. economic indicators released earlier bolstered the dollar and marred bullion's historical appeal as a hedge to a weaker greenback.

The Federal Reserve Bank of Philadelphia reported that its manufacturing index rose to 16.6 in April, the highest level since September.
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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX CRUDE OIL

Crude oil trading range for the day is 6212-6356.
Crude oil settled up after Russian standoff over Ukraine heated up, which spooked markets with fears escalation could disrupt Russian oil shipments.
Prices found support from strong U.S. employment data, which showed new applications for unemployment benefits close to a 6-1/2-year low.

U.S. crude oil inventories jumped beyond expectations as stocks on Gulf Coast hit a record high due to a rise in imports.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX COPPER

Copper trading range for the day is 402.2-410.4.
Copper rose as slightly better-than-expected Chinese growth data eased some fears about a hard landing in China.
The US Philly Fed manufacturing index climbed to 16.6 in April, higher than both the 9.8 expected and the 9.0 in March.

China’s FDI dropped 1.5% YoY in March and grew 5.5% in the first quarter, well below the 10.44% rise for the first two months.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 123.3-125.3.
Zinc settled flat at 124.25 as Ukraine crisis appeared to have eased.
The US initial jobless claims rose slightly last week to 304,000, but were still better than the 315,000 expected
Zinc weekly stocks at Shanghai exchange came down by 7781 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1062.8-1100.8.
Nickel gained amid growing concern about the availability of supply from Indonesia and Russia.
China started stockpiling the metal well ahead of the export ban.
Technically market is under short covering as market has witnessed drop in open interest by -1.84% to settled at 8592.

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CAPITAL STROKE COMMODITY UPDATE 21 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 265.6-296.4.
Natural gas jumped after data showed that U.S. natural gas supplies grew by a smaller than average amount for this time of year.
The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 24 billion cubic feet.

Producers typically replenish inventories between April and October, when demand is lower.

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