CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014: MCX ZINC

Zinc trading range for the day is 123.9-128.3.
Zinc prices ended with losses weighed down by uncertainty about demand.
HSBC’s April PMI for China topped March level, but was still below 50.
Zinc daily stocks at Shanghai exchange came down by 1400 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1086-1149.6.
Nickel gained on persistent worries of shortages while some other metals dipped after data showed factory activity shrinking in top consumer China.
The Indonesian ban took effect in January when China's nickel ore imports from Indonesia stood at more than 6 million tonnes.

China's factory activity shrank for the fourth straight month in April, signalling economic weakness into the second quarter.

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CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014: MCX NATURAL GAS

Natural gas trading range for the day is 286.7-294.5.
Natural gas gained after updated weather-forecasting models continued to call for below-normal temperatures in the coming week.
U.S. EIA said in its weekly report that natural gas storage in the U.S. rose by 49 billion cubic feet.

The forecasts also raised ongoing concerns over whether natural gas producers will be able to refill inventories before the next heating season.

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CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 111-114.8.
Aluminium settled down after data showed US new home sales and manufacturing PMI both fell, dampening market sentiment.

Markets responded little to the speech delivered by ECB Mario Draghi since he failed to offer new guidance on the ECB’s monetary policy.
Aluminium daily stocks at Shanghai exchange came down by 656 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014: MCX GOLD

Gold trading range for the day is 28580-28920.
Gold prices edged higher as concerns over ongoing unrest in eastern Ukraine supported safe haven demand.
Gold gains looked likely to remain limited as weakening Chinese demand for the precious metal and signs that the U.S. economy is improving weighed.
But signs of a sustained economic recovery in U.S. overshadowed crisis in Ukraine, after data showed that U.S. new home sales fell less than expected.

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CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014: MCX SILVER

Silver trading range for the day is 42167-42817.
Silver settled up as support seen on weakness in Rupee continued hurt by good demand for the greenback from importers
The Commerce Department reported that sales of new homes in the U.S. fell to the lowest level since July 2013 in March.

Prices were underpinned after Ukrainian forces killed up to five pro-Moscow rebels as they closed in on the separatists' military stronghold in the east.

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CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014 : MCX CRUDE OIL

Crude oil trading range for the day is 6178-6304.
Crude oil gained as a vow by top oil producer Russia to respond if its interests in Ukraine came under attack stoked supply worries.
Global surplus production capacity, an important factor in world crude prices, averaged 2.1 million barrels per day in March and April

Crude inventories climbed by 3.5 million barrels in the week ending April 18, more than analyst expectations of a 2.3 million-barrel build.

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CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014: MCX COPPER

Copper trading range for the day is 407.3-417.1.
Copper gained amid speculation demand in top consumer China will strengthen in the near-term.
The euro zone manufacturing purchasing managers’ index rose to 53.3 this month from 53.0 in March, beating expectations.

Copper market in 53,000 tonnes deficit in Jan 2014 - ICSG.

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX GOLD

Gold trading range for the day is 28390-28782.
Gold gained on rupee weakness but pared some of its gains weighed down as outflows from physical gold funds pointed to weak investment appetite.
Geopolitical tensions in Ukraine failed to lift gold's safe-haven appeal, underscoring bearish sentiment in the market.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, has seen sharp outflows in the last week, weighing on prices.

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX SILVER

Silver trading range for the day is 41689-42743.
Silver gained but traders erased earlier gains as a fresh batch of solid U.S. housing and regional factory barometers gave support for the greenback.

In the U.S. industry data revealed that existing home sales fell by 0.2% in March to 4.59 million units

The Richmond Fed manufacturing index jumped to 7 this month, from a reading of -7 in March, beating expectations.

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