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International Commodities Evening Update February 19

International Commodities Evening Update February 19

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Published by Angel Broking
19th February, 2013
19th February, 2013

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Categories:Types, Business/Law
Published by: Angel Broking on Feb 19, 2013
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Commodities Evening Update
 
International Commodities
Tuesday | February 19, 2013
 
Content 
Day’s o
verviewMarket HighlightsOutlookImportant Events for Today
Angel Commodities Broking Pvt. Ltd.
Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093.Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302
Disclaimer:
The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness andcorrectness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in
part, by any recipient hereof for any purpose without prior permission from “Angel Commodities Broking (P) Ltd”. Your feedbac
k is appreciated on 
Research Team
Nalini Rao - Sr. Research Analystnalini.rao@angelbroking.com(022) 2921 2000 Extn. 6135Anish Vyas - Research Analystanish.vyas@angelbroking.com(022) 2921 2000 Extn. 6104
Overview:
 
 
Commodities Evening Update
 
International Commodities
Tuesday | February 19, 2013
 
Performance during the day
as at 4.30 pm
 –
 
19 February ’13
 
Index Open High Low Last% Chgfrom PrevdayNifty
5900.20 5947.55 5883.15 5939.70 0.70
Sensex
19523.70 19671.17 19457.21 19635.72 0.69
Nikkei
11336.45 11412.86 11336.45 11372.34 -0.31
Kospi
1981.96 1990.09 1979.85 1985.83 0.20
FTSE
16367.34 16564.57 16364.89 16364.89 0.62
Source: Reuters
as at 4.30 pm
 –19 February ’13
 
Currency Open High Low Current% Chg fromPrev dayDollar Index
80.75 80.77 80.585 80.735 0.20
Euro/$ Spot
1.335 1.3373 1.3328 1.333 -0.16
INR/$ Spot
54.18 54.313 54.14 54.295 0.08
Source: Reuters
as at 4.30 pm
 –
 
19 February ’13
 
Commodity Unit Open High Low Last% ChgfromPrev daySpot Gold
$/oz
1609.55 1614.95 1609.19 1611.81 0.14
Comex Gold
Mar’13
 
$/oz
1613.30 1613.30 1613.30 1613.30 0.28
MCX Gold
 –
 
Apr’13
 
Rs/10gms
30200 30212 30166 30195 0.07
Spot Silver
$/oz
29.84 30.13 29.84 29.99 0.17
Comex Silver
Mar’13
 
$/oz
29.940 30.12 29.92 30.09 0.54
MCX Silver
 –
Mar
’13
 
Rs/kg
56330 56353 56173 56322 0.19
Crude Oil Nymex
 –Feb ‘
13
$/bbl
95.50 95.72 95.32 95.47 -0.41
ICE -Brent CrudeOil*
$/bbl
117.48 117.52 117.08 117.36 -0.02
MCX Crude Oil
Feb’’13
 
Rs/bbl
5189 5189 5174 5185 0.00
Copper LME - 3Month
$/tonne
8132.50 8153.50 8084.00 8086.25 -0.48
MCX Copper -
Feb’13
 
Rs/kg
442.20 442.70 438.90 439.10 -0.75
Zinc LME - 3 Month
$/tonne
2159.00 2166.00 2141.50 2142.50 -0.58
Zinc MCX - Feb
’1
3
Rs/kg
116.10 116.15 115.15 115.15 -0.82
Lead LME - 3Month
$/tonne
2400 2405 2372 2375 -1.03
Lead MCX - Feb
’1
3
Rs/kg
129.50 129.55 128.30 128.45 -0.93
Nickel LME - 3Month
$/tonne
17940 17980 17620 17625 -1.76
Nickel MCX -Feb
’1
3
Rs/kg
969.00 969.00 955.10 955.20 -1.53
Aluminum LME - 3Month
$/tonne
2120.50 2128.00 2105.00 2112.25 -0.51
Aluminum MCX -Feb
’1
3
Rs/kg
113.55 113.60 112.60 113.05 -0.62
Source: Reuters
.
News and Analysis
German Zew Economic sentiment rose to 48.2 levels in February.Eurozone Zew Economic sentiment rose to 42.4 levels in February .European markets are trading on a firm note taking cues from themore than expected rise in the economic sentiment in Germany andin the Eurozone region. US index futures and Asian shares increasedtoday.Spot gold prices are trading 0.14 percent higher taking cues from risein the demand from the Asian buyers. However, strength in the DXcapped gains in the yellow metal prcies. In the domestic market,prices of gold on MCX are trading on a flat note.Tracing firmness in the spot gold prices, spot silver prices are alsotrading in the green. However, weakness in the base metal packcapped gains in the spot silver prices till 4:30 p.m today. Strength inthe DX also restricted the gains in the spot silver prices. In thedomestic market, silver prices on MCX are trading on a flat note withmarginal gains taking cues from the international silver prices.The base metals complex are trading on a bearish note due to lowerdemand from China as the nations returns from week long Lunar NewYear holiday. Reports of measures to curb rise in the property pricesby the Chinese government also exerted downside pressure on themetals prices. Rise in the LME inventories of most of the metal exceptlead also acted as a bearish factor for the base metal prices. In theIndian markets prices of base metals traced the international prices.However, fall in the prices were cushioned taking cues from positivedata from the Eurozone region. Strength in the DX also exerted adownside pressure on the base metals.Copper prices are trading 0.48 percent lower due to reduced demandfrom China the major consumer of the red metal along with strengthin the DX. Reports of measures to curb rise in the property prices bythe Chinese government also exerted downside pressure on themetals prices. Rise in the LME Copper inventories also exerteddownside pressure on the red metal prices. Copper prices on MCXtraced weakness in the international prices.Nymex crude oil prices continued to extend losses of the previous dayand are trading 0.4 percent lower on account of reduced demandfrom the major consuming nation. Strength in the DX also acted asbearish factor for the crude oil prices. However, positive data fromthe Eurozone region cushioned fall in the prices. MCX crude oil pricesare trading on a flat note marginally down till 4:30 p.m today.

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