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International Commodities Evening Update, March 5

International Commodities Evening Update, March 5

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Published by Angel Broking
5th March, 2013
5th March, 2013

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Published by: Angel Broking on Mar 06, 2013
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Commodities Evening Update
 
International Commodities
Tuesday | March 5, 2013
 
Content 
Day’s overviewMarket 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 inpart, by any recipient hereof for any purpose without prior permission from “Angel Commodities Broking (P) Ltd”. Your feedback is appreciated on 
commodities@angelbroking.com
 
Research Team
Vedika Narvekar - Sr. Research Analyst
vedika.narvekar@angelbroking.com(022) 2921 2000 Extn :6130
Saif Mukadam – Research Analyst
saif.mukadam@angelbroking.com(022) 2921 2000 Extn :6136
Anish Vyas - Research Analyst
anish.vyas@angelbroking.com(022) 2921 2000 Extn :6104
 
 
Commodities Evening Update
 
International Commodities
Tuesday | March 5, 2013
 
Performance during the day
as at 4.30 pm – 5 March ’13
 
Index Open High Low Last% Chgfrom PrevdayNifty
5722.45 5790.10 5722.40 5784.25 1.50
Sensex
18943.62 19164.04 18943.62 19143.17 1.40
Nikkei
11732.57 11779.42 11666.38 11683.45 0.27
Kospi
2022.41 2031.65 2016.60 2016.61 0.17
FTSE
15663.65 15863.52 15660.95 15660.95 1.52
Source: Reuters
as at 4.30 pm – 5 March ’13
Currency Open High Low Current% Chg fromPrev dayDollar Index
82.21 82.24 81.955 82.175 -0.10
Euro/$ Spot
1.3025 1.3075 1.3015 1.302 -0.04
INR/$ Spot
54.85 54.92 54.60 54.86 -0.16
Source: Reuters
as at 4.30 pm – 5 March ’13
 
Commodity Unit Open High Low Last% ChgfromPrev daySpot Gold
$/oz
1573.50 1583.80 1573.04 1581.29 0.51
Comex GoldMar’13
$/oz
1577.60 1583.00 1577.30 1581.50 0.60
MCX Gold – Apr’13
Rs/10gms
29649.00 29725.0 29577.0 29668.00 0.00
Spot Silver
$/oz
28.54 28.96 28.52 28.85 1.05
Comex SilverMay’13
$/oz
28.23 28.75 28.58 28.75 1.03
MCX Silver –May’13
Rs/kg
54434 54434 53763 53801 0.00
Crude Oil Nymex –Apr ‘13
$/bbl
90.23 90.70 90.12 90.39 0.30
ICE -Brent CrudeOil*
$/bbl
110.10 111.06 110.10 110.68 0.54
MCX Crude OilMar’ ’13
Rs/bbl
4955 4977 4955 4951 0.00
Copper LME - 3Month
$/tonne
7761.75 7818.00 7759.25 7766.00 0.33
MCX Copper -April’13
Rs/kg
430.60 432.20 429.60 430.30 0.00
Zinc LME - 3 Month
$/tonne
2010.00 2035.50 2010.00 2012.50 0.27
Zinc MCX - Mar’13
Rs/kg
110.15 110.90 109.80 110.00 0.00
Lead LME - 3Month
$/tonne
2224 2249 2222 2222 0.15
Lead MCX - Mar’13
Rs/kg
122.35 123.00 121.80 122.15 0.00
Nickel LME - 3Month
$/tonne
16560 16710 16549 16549 0.04
Nickel MCX -Mar’13
Rs/kg
913.90 916.60 910.30 913.30 0.00
Aluminum LME - 3Month
$/tonne
1980.00 2000.00 1978.75 1987.50 0.58
Aluminum MCX -Mar’13
Rs/kg
107.60 108.20 107.40 107.80 0.00
Source: Reuters
.
News and Analysis
 
Spanish Services PMI declined to 44.7-mark in the month of Feb.
 
UK’s Services PMI rose by 0.3 points to 51.8-mark in the last month.
 
European Retail Sales rose by 1.2 percent in the month of January.European equities are trading higher today on the back of expectations that central banks over the world will continue with itsstimulus measures program. US stock futures are trading in the greenand Asian markets ended on a positive note.Spanish Services Purchasing Managers' Index (PMI) declined by 2.3points to 44.7-mark in February from earlier rise of 47-level inJanuary. Italian Services PMI declined by 0.3 points to 43.6-level inFebruary as against a rise of 43.9-mark in January. European RetailSales rose by 1.2 percent in January as compared to previous declineof 0.9 percent a month ago.UK’s Services Purchasing Managers' Index (PMI) increased by 0.3points to 51.8-mark in February as against a rise of 51.5-level inJanuary.Spot gold prices increased by 0.5 percent on the back of rise in riskappetite in the global market sentiments. Additionally, weakness inthe US Dollar Index (DX) also supported an upside in the gold prices.The yellow metal touched an intra-day high of $1,583.80/oz andhovered around $1,581.29/oz today till 4:30pm IST. In the Indianmarkets, appreciation in the Rupee capped sharp gains in the priceson the MCX.Taking cues from rise in gold prices along with upside in the basrmetal complex, Spot silver prices gained by 1 percent today.Weakness in the DX also acted as a positive factor for the prices. Thewhite metal touched an intra-day high of $28.96/oz and was tradingat $28.85/oz in today’s trade. On the domestic markets, prices tradedon a flat note but appreciation in the Indian Rupee prevented sharpgains in the prices.The base metals pack, traded on a positive note on account of expectations that central banks over the world will continue with itsbond buying program, upbeat global market sentiments along withweakness in the DX. Additionally, decline in LME inventories apaprtfrom Copper also supported an upside in the prices.Nymex crude oil prices increased by 0.3 percent today taking cuesfrom shut in the pipeline in the North Sea after a leak was discoveredwhich created the supply concerns. Additionally, upbeat globalmarket sentiments coupled with weakness in the DX also acted as apositive factor for the prices. However, sharp upside in the prices wascapped as a result of expectations of rise in US crude oil inventories.The American Petroleum Institute (API) is scheduled to release itsweekly inventories today and US crude oil inventories are expected torise by 0.7 million barrels for the week ending on 1
st
March 2013.

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