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International Commodities Evening Update, June 13 2013

International Commodities Evening Update, June 13 2013

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Published by Angel Broking
13th June, 2013
13th June, 2013

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Published by: Angel Broking on Jun 13, 2013
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Commodities Evening Update
 
International Commodities
Thursday | June 13, 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
Reena RohitChief ManagerNon-Agri Commodities and Currencies
Reena.rohit@angelbroking.com(022) 2921 2000 Extn :6134
Anish VyasResearch Analyst
anish.vyas@angelbroking.com(022) 2921 2000 Extn :6104
 
 
Commodities Evening Update
 
International Commodities
Thursday | June 13, 2013
 
Performance during the day
as at 4.30 pm
 –
 
13 June ’13
 
Index Open High Low Last% Chgfrom PrevdayNifty
5709.35 5729.85 5683.10 5699.10 -1.06
Sensex
18897.49 18914.13 18765.53 18827.16 -1.12
Nikkei
13038.02 13050.11 12415.85 12445.38 -6.35
Kospi
1905.10 1911.04 1881.24 1882.73 -1.42
FTSE
15786.91 16044.68 15764.80 15764.80 -0.01
Source: Reuters
as at 4.30 pm
 –
 
13 June ’13
 
Currency Open High Low Current% Chg fromPrev dayDollar Index
80.87 80.87 80.505 80.755 -0.24
Euro/$ Spot
1.3335 1.339 1.3321 1.3329 -0.05
INR/$ Spot
58.10 58.56 58.02 58.0375 0.38
Source: Reuters
as at 4.30 pm
 –
 
13 June ’13
 
Commodity Unit Open High Low Last% ChgfromPrev daySpot Gold
$/oz
1387.65 1394.66 1383.99 1387.01 -0.06
Comex Gold
Aug’13
 
$/oz
1386.80 1390.90 1383.70 1385.30 -0.47
MCX Gold
 –
 
Aug’13
 
Rs/10gms
28000.00 28186.0 27953.0 27982.00 0.11
Spot Silver
$/oz
21.85 21.98 21.64 21.82 -0.18
Comex Silver
July’13
 
$/oz
28.23 0.21805 0.21705 0.2176 -0.17
MCX Silver
 –
 
July’13
 
Rs/kg
43717 44039 43610 43643 0.22
Crude Oil Nymex
 –
July
13
$/bbl
95.77 95.86 95.02 95.57 -0.32
ICE -Brent CrudeOil
$/bbl
103.33 103.51 102.75 103.27 -0.21
MCX Crude Oil
June’ ’13
 
Rs/bbl
5551 5577 5535 5556 -0.07
Copper LME - 3Month
$/tonne
7120.00 7190.00 7050.00 7081.25 -0.73
MCX Copper -
June’13
 
Rs/kg
412.50 417.30 409.40 410.40 -0.28
Zinc LME - 3 Month
$/tonne
1871.00 1877.75 1840.00 1841.75 -1.50
Zinc MCX - June
’1
3
Rs/kg
107.15 108.10 105.80 105.95 -0.84
Lead LME - 3Month
$/tonne
2123 2135 2091 2096 -1.20
Lead MCX -June
’1
3
Rs/kg
122.80 123.90 121.40 121.60 -0.69
Nickel LME - 3Month
$/tonne
14320 14390 14130 14155 -0.74
Nickel MCX -June
’1
3
Rs/kg
828.20 838.70 823.40 823.60 -0.35
Aluminum LME - 3Month
$/tonne
1864.75 1877.00 1855.00 1859.50 -0.61
Aluminum MCX -June
’1
3
Rs/kg
106.70 108.00 106.30 106.40 -0.14
Source: Reuters
News and Analysis
Global growth forecast cut to 2.2 percent for 2013 by World Bank.German Wholesale Price Index (WPI) declined 0.4 percent in May.European equities down, US stock futures in red
in today’s trade.
 European equities are trading lower today on account of cut in globalgrowth outlook by World Bank. It is expected that global economywill grow by 2.2 percent in current year from previous estimates of 2.4 percent in January and is below the growth of 2.3 percent in 2012.Asian markets ended on negative note and US stock futures aretrading in the red.German Wholesale Price Index (WPI) declined by 0.4 percent in Mayfrom earlier fall of 0.2 percent a month ago.Spot gold prices are trading on a negative note by 0.1 percent todayon the back of rise in risk aversion in the global markets. However,sharp downside in prices was cushioned on account of weakness inthe US Dollar Index (DX). In the Indian markets prices rose 0.1percent as a result of depreciation in the Rupee.Taking cues from fall in gold prices along with downside in basemetals group, Spot silver prices fell 0.2 percent today. However, sharpdownside in the prices was prevented on account of weakness in theDX. Depreciation in the Indian Rupee supported an upside in prices onthe MCX and gained by 0.2 percent.The base metals pack traded on a negative note today on account of cut in global growth forecast by World Bank. Further, unfavorableeconomic data from Germany also exerted downside pressure onprices. Weakness in the DX restricted sharp fall in prices. On thedomestic front, sharp fall in prices was cushioned on account of depreciation in the Indian Rupee.Copper, the leader of the base metals group declined by 0.7 percenttoday on the back of weak global markets coupled with cut in growthoutlook by World Bank. However, sharp downside in prices wasprevented as a result of weakness in the DX coupled with decline inLME copper inventories by 0.2 percent which stood at 608,300tonnes. Depreciation in the Rupee restricted fall in prices on the MCX.Nymex crude oil prices dropped 0.3 percent today taking cues fromweak global markets along with cut in global growth forecast byWorld Bank which led to expectations of decline in demand for thefuel. However, weakness in the DX coupled with supply concerns
from Turkey and expectations of decline in Libya’s crude oil output.
On the domestic bourses, depreciation in the Rupee will cushionedsharp fall in the prices.

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