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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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX COPPER

Copper trading range for the day is 404-414.8.
Copper gained as investors weighed a drop in the yuan against earlier data showing increased demand for the metal from top consumer China.
Copper prices continued to receive a boost from Monday's data from China, which showed imports of refined copper rising 48% in March.

US existing home sales rebounded in March to an annualized rate of 4.59 million, down 0.2% from February.

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6136-6362.
Crude oil settled down on concerns that crude-oil supplies could exceed an all-time high, as domestic oil production keeps rising.
Expectations for gains in U.S. stockpiles overshadowed ongoing concerns over heightened tension in eastern Ukraine.
API showed Crude inventories rose by 519kbls to 388.7 million, compared with expectations for a increase of 2.3mbls.

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 123.9-128.1.
Zinc prices were supportive after data showed euro zone April CCI and Richmond Fed's manufacturing index were positive.
The Richmond Fed’s manufacturing index for April was reported at 7, handily beating market expectations.
Zinc daily stocks at Shanghai exchange came down by 1932 tonnes

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1083.6-1131.8.
Nickel hit a 14-month high last week on stocking supply concerns.
Support continuously seen as Indonesia banned outbound shipments of unprocessed metal in January this year.
Russia also may fail to compensate for the fall in supplies as Western economies may impose sanctions on the country amid on-going instability in Ukraine.

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CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 282.3-291.7.
Natural gas gained on Rupee weakness and support seen after updated weather-forecasting called for below-normal temperatures.
Cool temperatures run through the end of April, which should hike demand for heating.

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 23 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 110.6-114.8.
Aluminium gained after recent financial reports released by major US enterprises also were encouraging, boosting market sentiment.
Spot aluminium stockpiles declined for the first time in over a year in China after a number of smelters cut production to reduce losses.

Aluminium daily stocks at Shanghai exchange came up by 718 tonnes.

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CAPITAL STROKE COMMODITY UPDATE 22 APRIL 2014 : MCX CRUDE OIL

Crudeoil trading range for the day is 6213-6359.
Crude oil gained supported by ongoing concerns the Ukraine crisis will escalate and disrupt Russian oil exports.
Despite a notable surge in U.S. crude stockpiles, oil prices were up thanks to some upbeat U.S. economic data and Fed Yellen's statement on the economy.

China's March crude imports from Iran up 36.1 pct y/y.

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