CAPITAL STROKE COMMODITY UPDATE 9 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 977.5-1000.5.
Nickel dropped as investors were mostly focused on several US Federal Reserve officials’ speeches concerning easy monetary policy.
Producers face dwindling Indonesian ore supply and government pressure to curb pollution.
Jinchuan Group raised its ex-works prices for nickel in Shanghai by RMB 3,000/mt to RMB 109,000/mt.

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CAPITAL STROKE COMMODITY UPDATE 9 APRIL 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 267.3-277.9.
Natural gas gained as updated weather-forecasting models called for cool temperatures to settle in as a spring storm treks across the central and eastern U.S.
A spring storm moving across the U.S. will leave below-normal temperatures in its wake, which should boost demand.
Forecasts for temperatures dipping into below-normal ranges through April 21 drew applause from investors.

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CAPITAL STROKE COMMODITY UPDATE 9 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 107-109.6.
Aluminium dropped as pressure seen after growing tensions in the Ukraine crisis.
US Fed official’ speech raised anticipation that the Fed will keep monetary policy accommodative.
Aluminium daily stocks at Shanghai exchange came up by 730 tonnes.
Aluminium settled down -0.28% at 108.6 as pressure seen after growing tensions in the Ukraine crisis.

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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX GOLD

Gold trading range for the day is 27965-28489.
Gold settled up after data showing brisk U.S. employment growth in March unleashed heavy short-covering by bullion investors.
The Labor Department said U.S. nonfarm payrolls increased by 192,000 jobs last month, slightly below estimate of 200,000.
SPDR gold trust holding dropped by 1.80 tonnes i.e. 0.22% to 809.18 tonnes from 810.98 tonnes.

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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX CRUDE OIL

Crude oil trading range for the day is 6024-6142.
Crude oil gained as data showed strong jobs growth in US and as investors cast doubt on reports Libya's oil ports were about to reopen.
The restart of Libya's eastern oil ports could release about 600,000 bpd of crude, bumping up OPEC producer's output from around 150,000 bpd.
Previous reports of the reopening of ports have proven false and investors suspected there will again be no breakthrough.


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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX SILVER

Silver trading range for the day is 42596-43626.
Silver settled flat recovering from losses after data showed the U.S. created slightly fewer jobs than expected in March.
The data pointed to moderate improvement in the labor market, suggesting Fed is likely to keep interest rates near zero well into 2015.
The nation's unemployment rate held steady at 6.7%. January and February payrolls were revised higher.

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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX COPPER

Copper trading range for the day is 395.3-411.7.
Copper dropped as mines in Chile were returning to normal operations after the government ordered an evacuation following an earthquake and tsunami.
Chilean mine Collahuasi said its copper concentrate shipments have not been affected by earthquakes that have struck near its massive deposit and port.
Copper weekly stocks at Shanghai exchange came down by 21355 tonnes

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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX ZINC

Zinc settled up 0.25% at 120.6.
Zinc trading range for the day is 119.4-122.
Zinc gained despite a government report showing job growth trailed estimates triggered concerns that demand will falter
China's imports of refined zinc surged 84 percent in the first two months of 2014, from a year earlier.
Zinc weekly stocks at Shanghai exchange came down by 1916 tonnes

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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 965.8-1010.8.
Nickel dropped on profit booking as downside was limited after Indonesia banned ore exports in January to encourage more domestic processing
China imported 77,527 metric tons of refined nickel from Russia last year out of a total 168,190 tons, according to customs.
China’s nickel demand will rise 9 percent this year after the nation consumed 897,000 tons in 2013

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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 262.9-272.3.
Naturalgas dropped as weather forecasting models called for spring like weather to return in many densely-populated US areas by the end of next week.
Investors continued to track weather forecasts, as moderate springtime temperatures typical of this time of year suppress demand.
Total U.S. natural gas storage stood at 822 billion cubic feet, the lowest for this time of year since 2003.

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