Daily News Report

FEB 9, 2013 BULLIONS & BASE METALS

PRODUCT
GOLD SILVER CRUDEOIL COPPER ALUMINIUM NICKEL LEAD ZINC

EXPIRY OPEN HIGH LOW LTP

5-Apr-13 5-Mar-13 19-Feb-13 28-Feb-13 28-Feb-13 28-Feb-13 28-Feb-13 28-Feb-13 30790 58114 5137 441.8 111.65 974 129.3 115.3 30841 58425 5175 446.75 112.7 987.9 130.4 118 30725 57966 5125 441.8 111.45 974 129.05 115.2 30795 58212 5144 446.5 112.6 984.1 130.15 117.8

PCP
30796 58041 5133 441.4 111.4 972 129.05 114.95

%CHG VOLUME
0.00% 0.29% 0.21% 1.16% 1.08% 1.24% 0.85% 2.48% 26019 45686 185597 84943 12090 49764 30139 39589

Gold prices are trading just below unchanged levels in the early going Friday. The gold and silver markets showed little reaction to some fresh, upbeat Chinese economic data released Friday. Euro came down along with gold, but there has not been any movement so far as gold is steady and a weaker rupee kept the prices supported. The Reserve Bank of India (RBI) directed state and central co-operative banks not to grant loans for purchase of gold in any form in order to check the significant rise in import of the precious metal in recent years. Base metals were higher on Friday on the MCX, lifted by broadly constructive Chinese economic releases earlier, and shrugging off rising inventories, with Copper and Aluminium posting notable jumps. Crude oil also surged up 0.21% on Friday as again due to the Chinas robust trade data strengthening its demand and also the concern among the traders related to the oils supply because of the rising tension in West Asia.

OIL & OIL SEEDS

PRODUCT
RSO COCUDAKL RMSEED

EXPIRY OPEN
20-Mar-13 20-Mar-13 19-Apr-13 704.40 1,322.00 3,420.00 3,599.00 3,267.00 451.80

HIGH
710.50 1,329.00 3,428.00 3,611.00 3,287.50 452.70

LOW
703.20 1,312.00 3,394.00 3,510.00 3,263.50 448.90

LTP
707.20 1,326.00 3,407.00 3,538.00 3,283.50 451.80

PCP
706.30 1,326.00 3,427.00 3,605.00 3,263.00 451.30

%CHG VOL
0.1% 0.0% -0.6% -1.9% 0.6% 0.1% 124670 75130 49110 61560 75050 2234

CASTORSEED 20-Mar-13 SOYABEAN CPO

20-Mar-13 28-Feb-13

Edible oil prices ruled steady on Friday as stockists kept away from fresh bet due to ease in local demands. In future markets, sentiments remained weak as market participants were waiting for US Department of Agriculture (USDA) monthly supply and demand reports. Trading in spot edible oils was closed due to sudden demise of a leading trader. On the NCDEX Refined Soya Oil March closed at 707.30 Rs/10 Kg from 706.30 Rs/10 Kg (up by 0.1%). Prices may go down further due to weak trend in global market. Soyabean futures were up on increase buying. Soyabean March closed at 3283 Rs/quintal from 3263 Rs/quintal (up by 0.6%). On the NCDEX, Cotton seed oil cake March contracts remained same at 1326 Rs/quintal on Friday. Price remained stable as trader awaits USDA report. New arrivals of Rapeseed started in Rajasthan and Gujarat. There is positive outlook for Rabi oilseed crop. On the NCDEX Mustard seed April contracts ruled at 3407 Rs/quintal from 3427 Rs/quintal on Friday (down by -0.6%). Castorseed on Friday closed lower at 3538 Rs/quintal from 3605 Rs/quintal (down by 1.9%).Selling pressure in the line with weak physical markets affected the trade. Profit booking by speculators driven by weak spot market amid increased arrivals also triggered the downtrend. MCX Cpo Feb closed at451.80 Rs/10 Kg from 451.30 Rs/10 Kg (up by 0.1%). Prices may go down as Malaysia has 2.6 million tonnes of Crude Palm Oil in its inventory and the government is looking at different ways to reducing it.

SPICES
PRODUCT
CHILLI CORIANDER JEERA PEPPER TURMERIC

EXPIRY
20-Mar-13 19-Apr-13 20-Mar-13 20-Mar-13 19-Apr-13

OPEN HIGH
6704 6591 13480 35975 6256 6750 6605 13535 35975 6290

LOW
6658 6397 13172.5 35685 6150

LTP
6710 6433 13223 35810 6174

PCP
6704 6612 13505 36015 6266

%CHG VOLUME
0.09 -2.71 -2.09 -0.57 -1.47 6410 39380 9423 980 13535

NCDEX Jeera March futures traded down by 2.09% on Friday, ending the day at Rs. 13,223 per quintal as compared to Rs. 13,505 per quintal the day before. Moreover, Jeera futures are likely to extend the weak trend on high carryover stocks, coupled with expectation of increase in acreage. Short covering at lower level due to sharp fall may limit the weak price trend. As per the latest report from Gujarat agriculture department, sowing of Jeera in the state was 335200 hectares as of last week. NCDEX Turmeric futures continued to trade down on Friday as speculators trimmed positions on weak demand. The contract for April delivery traded at Rs 6,174 a quintal, down by 1.47% from its previous closing of Rs 6,266 a quintal. Higher stocks in the physical market and sluggish demand from the traders mainly weighed on the prices. According to reports, Turmeric traders and exporters are expecting fresh orders from the third week of February as Holi festival is arriving and exporters get bulk orders about 10 days before this festival is celebrated in the country. The pepper market (March contract) on NCDEX continued to head south and closed at Rs. 35,810 a quintal (down by 0.57%) due to selling pressure and bearish sentiments spread by operators and consequently all the active contracts were closed below the previous day closing of Rs. 36,015 a quintal. NCDEX Coriander April futures fell sharply by 2.71% on Friday, closing at Rs. 6,433 a quintal against Rs. 6,612 a quintal the previous day due to slow demand and expectation of higher output. NCDEX Red Chilli offered down by Rs 100-200 a quintal at Spot Guntur market of Andhra Pradesh on Friday. However, Red Chilli March futures traded up by 0.09%, settling at Rs. 6,710 a quintal from prior days close of Rs. 6,704 a quintal on buying support.

Contact Details:
Navjeevan Trade & Commodities Pvt. Ltd. S-177, Second floor Hawares Fantasia Business Park Plot-47, sector-30A opp. Vashi Railway station, Vashi-400703, Navi Mumbai. Contact No.-022-65055550

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This report is neither an offer nor a solicitation to purchase or sell Commodities. The information and views expressed herein are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in or have positions in the Commodities mentioned in their articles. None of the contributors accepts any liability arising out of the above information/articles. Reproduction in whole or in part without written permission is prohibited. This report is for private circulation.