Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Thursday, June 11, 2015...

Open High Low Close % Cng

Gold 26865 27072 26837 26971 0.38Silver 36956 37227 36682 36733 -0.35

Aluminium 110.90 112.00 110.75 110.85 0.00Copper 385.35 391.25 384.20 388.05 0.77Lead 123.60 125.45 122.50 122.75 -0.57Nickel 860.80 874.00 856.20 864.90 0.83Zinc 138.65 139.90 136.60 137.05 -1.19

Crude 3870.00 3955.00 3870.00 3887.00 0.86Nat. Gas 183.00 187.10 181.10 185.10 1.42

Chana 4711 4725 4662 4674 -0.83Cardamom 828.0 831.0 818.0 827.4 0.64Turmeric 7510 7590 7450 7482 -0.11Jeera 16800 17025 16415 16760 -0.53

Wheat 1481 1494 1478 1484 0.13Soybean 3790 3801 3692 3759 -0.63Ref. Oil 599.5 600.9 596.2 596.7 -0.51CPO 459.3 460.0 457.0 457.4 -0.72RMSeed 4190 4215 4161 4192 0.19Mentha Oil 988.0 997.8 981.0 984.0 0.01Cotton 16320 16350 16250 16340 -0.06

USDINR 64.21 64.30 64.00 64.07 -0.14EURINR 72.50 72.90 72.14 72.23 -0.10GBPINR 98.68 99.16 98.56 98.99 0.89JPYINR 51.60 52.33 51.51 52.01 0.53

Currency

BUY COPPER JUNE @ 385 SL 382 TGT 389.50-392.MCX

Round up

Gold prices rallied as a weaker U.S. dollar combined withuncertainty over the future of Greece boosted the preciousmetal.

Base metals ended with mixed tone after prices seensupported as weaker economic data boosted speculationthat officials will add to stimulus in China. China's economygrew at the slowest pace in six years in the first quarter,underling speculation policymakers will have to introducefurther easing measures to jumpstart the economy amidlackluster growth.

Crude oil gained after a report of falling U.S. inventoriesand signs that U.S. oil production growth was levelling offafter several years of very sharp increases.

Daily Commodity Reportas on Thursday, June 11, 2015

Most of the spices counter on the NCDEX yesterdayended with losses. Jeera and turmeric prices endedwith losses followed by more than one and halfpercent gains in dhaniya prices. Turmeric pricesdropped on profit booking after gaining due to goodbuying support from retailers and stockiest againstfall in supplies. Jeera prices dropped on profitbooking after prices seen supported earlier onrising demand along with tight supply.

Trading Calls for the Day

SELL SILVER JULY @ 37200 SL 37500 TGT 36900-36600.MCX

BUY CRUDE OIL JUNE ABV 3900 SL 3860 TGT 3936-3972-4010.MCX

SELL GOLD AUG @ 27100 SL 27250 TGT 26950-26800.MCX

Rupee extended its gain for the second straight day onlikely foreign institutional investors inflows into localstock markets.

SELL MENTHA OIL JUNE BELOW 978 SL 1010 TGT 945-926-910.MCX (2-3DAYS)

SELL SOYABEAN AUG @ 3780 SL 3820 TGT 3740-3700.NCDEX

SELL CHANA JULY @ 4700 SL 4740 TGT 4670-4630.NCDEX

Precious Metals

Base Metal

Energy

Agri

Open 26865High 27072Low 26837Close 26971% Cng 0.38OI 8088Volume 10671Resist 2 27195Resist 1 27083Support 1 26848Support 2 26725

Open 36956High 37227Low 36682Close 36733% Cng -0.35OI 14511Volume 20909Resist 2 37426Resist 1 37080Support 1 36535Support 2 36336

Thursday, June 11, 2015

MC

X S

ilver

MCX Silver03 JUL 2015

MCX Gold05 AUG 2015

Daily Commodity Reportas on

MC

X G

old

Silver trading range for the day is 36336-37426.

Silver prices seen under pressure as a looming U.S. interest rate increase continued to weigh.

European officials dismissed economic reforms put forward by Athens, saying they did not do enough to meet creditors’ demands.

Holdings at ishares silver trust gained by 0.85% i.e. 86.19 tonnes to 10168.31 tonnes from 10082.12 tonnes.

Silver settled down -0.35% at 36733 surrendered it's earlier gain's as Rupee extended it's gains for the second straight day, the rupee rose by eight paise toclose at 63.84 against the US dollar on persistent selling of the greenback by banks and exporters on hopes of foreign capital inflows amidst a strong capitalmarket. While Comex Silver settled at $16 rose for a third straight session on Wednesday, helped by a softer dollar and worries over the Greek debt crisis, but alooming U.S. interest rate increase and outflows from bullion-backed funds continued to weigh on the market. In Brussels, Bloomberg reported that Germanychancellor Angela Merkel is prepared to offer an incremental deal to Greece if the cash-strapped nation is committed to accepting some of the reforms proposedby its creditors last week. The reforms include: a higher imposition of taxes, the issuance of less generous retirement benefits to municipal workers andincreased state asset sales, according to reports. Merkel could be satisfied with a deal if Greece commits to at least one of the aforementioned reforms. Inexchange for the austerity measures, the plan reportedly calls for Greece to receive a small disbursement of the remaining €7.2 billion of a €240 billion bailout.Traders are now waiting for U.S. retail sales data on Thursday for more clues about the strength of the economy and how that will affect the Fed's monetarypolicy. Technically market is under fresh selling as market has witnessed gain in open interest by 3.84% to settled at 14511 while prices down -130 rupee, nowSilver is getting support at 36535 and below same could see a test of 36336 level, And resistance is now likely to be seen at 37080, a move above could seeprices testing 37426.

Market Snapshot

SELL SILVER JULY @ 37200 SL 37500 TGT 36900-36600.MCX

2

Gold settled up 0.38% at 26971 with investors opting for the safe haven appeal of the precious metal as the dollar trended lower against some major currenciesand continued focus on the developments in Europe over Greece's financial debt woes. Investors also await some crucial economic data from the U.S. later in theweek which would provide more cues as to the timing of the much discussed interest rate hike by the Fed. Concerns over the global economy and weaker stocksalso helped gold get attention as an alternative investment. However, gains have been capped by the uncertainty over the timing of a likely rate hike by theFederal Reserve, even as global equity stocks recovered from the sell-off seen over the last couple of days. Meanwhile, the ECB has raised the funding limits thatGreek banks can borrow under an emergency lending program, reports citing unnamed Greek officials said Wednesday. The move could be a boon for theextremely stressed Greek banks even as government talks with international creditors seem to be going nowhere. Meanwhile Holdings in SPDR Gold Trust, fell0.42 percent to 705.72 tonnes on Tuesday, the lowest since January. Holdings of the top eight ETFs were at their lowest in five years. While Friday's drop to an11-week low failed to draw much interest in the world's top two buyers, equities-obsessed China and India, where worries about a poor monsoon and lack ofwedding demand are holding demand down. Traders were also waiting for U.S. retail sales data due on Thursday for clues about the strength of the economyand how that will affect the Federal Reserve's monetary policy. Technically market is getting support at 26848 and below same could see a test of 26725 level,And resistance is now likely to be seen at 27083, a move above could see prices testing 27195.

Market Snapshot

Gold trading range for the day is 26725-27195.

Gold prices rallied as a weaker U.S. dollar combined with uncertainty over the future of Greece boosted the precious metal.

Gold was also helped by a slide in the dollar in reaction to a comment from the Bank of Japan governor that the yen was "very weak".

SPDR gold trust holdings dropped by 1.50 tonnes i.e. 0.21% to 704.22 tonnes from 705.72 tonnes.

SELL GOLD AUG @ 27100 SL 27250 TGT 26950-26800.MCX

Open 3870High 3955Low 3870Close 3887% Cng 0.86OI 12551Volume 163137Resist 2 3989Resist 1 3938Support 1 3853Support 2 3819

Open 183.0High 187.1Low 181.1Close 185.1% Cng 1.42OI 5644Volume 68890Resist 2 190.4Resist 1 187.7Support 1 181.7Support 2 178.4

2

MC

X N

atu

ral g

as

MCX Natural gas

Naturalgas settled up 1.42% at 185.10 prices rallied sharply for the third consecutive session on Wednesday, as market participants looked ahead to freshweekly information on U.S. gas inventories to gauge the strength of demand for the fuel. A day earlier, natural gas prices soared nearly by 5%, as forecasts forlate this week and early next week turned warmer, boosting near-term demand expectations for the heating fuel. Natural gas prices are up almost 12% thisweek after updated weather forecasting models pointed to warmer-than-normal temperatures across many regions through June 18. Forecasts originally calledfor mild summer weather during the period. Demand for natural gas tends to fluctuate in the summer based on hot weather and air conditioning use.Approximately 49% of U.S. households use natural gas for heating, according to the Energy Department. Meanwhile, the U.S. Energy InformationAdministration's next storage report slated for release on Thursday, June 4 is expected to show a build of approximately 110 billion cubic feet for the weekending June 5. Supplies rose by 109 billion cubic feet in the same week last year, while the five-year average change is an increase of 89 billion cubic feet. TotalU.S. natural gas storage stood at 2.233 trillion cubic feet as of last week, 50.7% higher than during the same week a year earlier and 1.0% above the five-yearaverage for this time of year. Technically market is under short covering as market has witnessed drop in open interest by -35.78% to settled at 5644 whileprices up 2.6 rupee, now Naturalgas is getting support at 181.7 and below same could see a test of 178.4 level, And resistance is now likely to be seen at 187.7,a move above could see prices testing 190.4.

Market Snapshot

Naturalgas trading range for the day is 178.4-190.4.

Natural gas almost gained 12% this week after updated weather forecasting models pointed to warmer-than-normal temperatures across many regions through June 18Demand for natural gas tends to fluctuate in the summer based on hot weather and air conditioning use.

Today natural gas storage: Exp: 114B Prev: 132B. Actual is at 8.00PM

BUY NAT.GAS JUNE @ 182 SL 179 TGT 185.50-189.MCX

25 JUN 2015

MC

X C

rud

e oi

l

MCX Crude oil

Crudeoil settled up 0.86% at 3887 surged amid further evidence that U.S. shale producers are scaling back production after official data from the EnergyInformation Administration showed crude stockpiles in the U.S. to have declined more than expected last week. Nevertheless, U.S. production continued toremain firm. Meanwhile, the Organization of the Petroleum Exporting Countries in its report said it expects the oversupply scenario to ease, but indicated nofurther rise in demand. Expectations of demand for its own oil this year remains at 29.3 million barrels a day, or 300,000 higher than 2014. Yesterday a weeklyreport from the U.S. Energy Information Administration said U.S. crude oil inventories dropped 6.8 million barrels in the week ended June 5. The report showedU.S. crude oil inventories at 470.6 million barrels end last week. Also EIA said oil production in the U.S. climbed to 9.61 million barrels a day, up by 24,000barrels from a week earlier. While Gasoline stocks dropped 2.9 million barrels last week, Inventories of distillate, including heating fuel, rose 0.9 million barrels.Also data from the oil and gas industry trade group API showed U.S. crude oil stocks to have plunged 6.7 million barrels last week. Meanwhile Iran's oil ministertold OPEC last Friday that his nation has the capability to double oil exports within a period of six months if longstanding economic sanctions are lifted thissummer. A comprehensive nuclear pact is viewed as bearish for crude, as an outflow of Iranian crude could further complicate the supply-demand balance inenergy markets. Technically market is getting support at 3853 and below same could see a test of 3819 level, And resistance is now likely to be seen at 3938, amove above could see prices testing 3989.

Market Snapshot

Crudeoil trading range for the day is 3819-3989.

Crude oil gained after a report of falling U.S. inventories and signs that U.S. oil production growth was levelling off after several years of very sharp iThe U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories fell by 6.8 million barrels.

Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8 percent this year, below its 3 percent outlook in JBUY CRUDE OIL JUNE ABV 3900 SL 3860 TGT 3936-3972-4010.MCX

19 JUN 2015



Open 138.7High 139.9Low 136.6Close 137.1% Cng -1.19OI 3744Volume 18016Resist 2 141.2Resist 1 139.2Support 1 135.9Support 2 134.6

Market Snapshot

Zinc trading range for the day is 134.6-141.2.

Zinc dropped as trader bets that soft economical conditions in China and signs of rising stockpiles

Recent economic data from China has indicated that the recovery remains fragile and may require further monetary stimulus.

Zinc daily stocks at Shanghai exchange came down by 25 tonnes.

SELL ZINC JUNE @ 138.50 SL 140 TGT 137.20-135.80.MCX

2


MC

X C

opp

er

MCX Copper

Copper settled up 0.77% at 388.05 capped the longest rally in five weeks as easing inflation bolstered the case for more economic stimulus in China, the world’sbiggest metal consumer. Consumer prices rose 1.2 percent in May, Chinese government data showed Tuesday. That compared with the 1.3 percent medianestimate in a Bloomberg survey and the 1.5 percent gain in April. The producer-price index fell 4.6 percent. Copper posted a third straight gain, the longeststreak since May 1. London Metal Exchange copper stocks have fallen to 308,025 tonnes, their lowest in three months, while Shanghai Futures Exchange stocksare at 145,383 tonnes, their lowest since early February. Economists at China's central bank predict a pick-up in the world's second-biggest economy during thenext six months. Investors have slashed bets on higher copper prices, latest LME data showed, with the net long money manager position slumping by nearly 50percent in the past three weeks. Elsewhere, data showed the U.S. economy was probably not as weak as has been reported in the first quarter. But U.S.consumer confidence fell to its lowest level this year in June. In addition, the US deficit fell to USD 82.4 billion in May, well below the USD 130 billion a year ago.As a result, the Dow posted its biggest gain in a month. S&P cut credit rating for Greece to CCC and warned of a potential Greek default in the next 12 monthsshould the country fail to reach agreement with its creditors. Technically now Copper is getting support at 384.4 and below same could see a test of 380.8 level,And resistance is now likely to be seen at 391.4, a move above could see prices testing 394.8.

Market Snapshot

Copper trading range for the day is 380.8-394.8.

Copper gained due to a weaker dollar and ongoing draws in exchange inventory

China's copper imports fell 16.3 percent in May from the previous month, hitting a three-month low as a slowdown in the economy trimmed demand.

SHFE copper stocks are at 145,383 tonnes, their lowest since early February.

BUY COPPER JUNE @ 385 SL 382 TGT 389.50-392.MCX

MC

X Z

inc

30 JUN 2015

30 JUN 2015MCX Zinc

Zinc settled down -1.19% at 137.05 as trader bets that soft economical conditions in China and signs of rising stockpiles held outside of exchange-monitoredwarehouses indicate zinc is overvalued as a result China’s MMG Ltd. is closing its Century mine in Australia. The site accounts for 4 percent of the world’s output.Yesterday LME zinc prices opened at USD 2,164.5/mt and surged to USD 2,191/mt. But weak market fundamentals, combined with mounting selling pressureallowed LME zinc prices to rolled back early day gains and dipped to USD 2,137.5/mt, and closed at USD 2,146.5/mt, down USD 16.5/mt or 0.76%. LME zincinventories grew 9,000 to over 4530,000 mt. Market participants looked ahead to a raft of Chinese economic data due on Thursday for further indications on thestrength of the economy and the future path of monetary policy. Recent economic data from China has indicated that the recovery remains fragile and mayrequire further monetary stimulus. China's economy grew at the slowest pace in six years in the first quarter, underling speculation policymakers will have tointroduce further easing measures to jumpstart the economy amid lackluster growth. Since November, the People's Bank of China has introduced a series ofstimulus measures, including lowering interest rates three times and cutting the reserve requirement ratios of major banks twice, in order to spur economicactivity and boost growth. Technically market is under long liquidation as market has witnessed drop in open interest by -12.42% to settled at 3744 while pricesdown -1.65 rupee, now Zinc is getting support at 135.9 and below same could see a test of 134.6 level, And resistance is now likely to be seen at 139.2, a moveabove could see prices testing 141.2.



2

NC

DEX

Soy

abea

n

NCDEX Soyabean

Soyabean settled down by -0.63% at 3759 on profit booking after prices gained on improved demand from China following higher imports data. China's Maysoybean imports rose 2.7% to 6.13 million tons on year, government data showed. United States Department of Agriculture (USDA) inspected 216,590 soybeancrops for the week compared to 73,998 soybean crops in the previous week, data showed. Arrivals across Madhya Pradesh were about 60,000-75,000 bags of 90kilograms compared to 45,000-60,000 bags of 90 kilograms. Talks of satisfactory progress of the US soy crop continued pressuring the prices. As per the USDAnearly 71% of the soybean crop was planted as on the latest reporting week. This is up from 61% in the preceding week. Soybean sowing in Maharashtra wasrecorded at 3.55 million hectares, a drop of 320,000 hectares, against 3.87 million hectares, whereas, Rajasthan saw the highest drop of 19.3 per cent insoybean sowing at 854,000 hectares, as against 1.05 million hectares during kharif 2013, according to Soybean Processors Association of India (SOPA). Fall inIndian production as per 3rd Advanced Estimates kept trend up for Soybean after the recent fall. With a decrease of 5.37 million tons over last year, totalproduction of oilseeds in the country is estimated at 27.38 million tonnes—as per 3rd advance estimates by GoI. Soybean production is estimated at 10.70million tons. At the Indore spot market in top producer MP, soybean gained 18 rupee to 3832 rupee per 100 kgs.Technically market is under fresh selling asmarket has witnessed gain in open interest by 7.35% to settled at 54310, now Soyabean is getting support at 3701 and below same could see a test of 3642level, And resistance is now likely to be seen at 3810, a move above could see prices testing 3860.

Market Snapshot

Soyabean trading range for the day is 3642-3860.

Soyabean prices dropped on profit booking after prices gained on improved demand from China following higher imports data.

Talks of satisfactory progress of the US soy crop continued pressuring the prices.

China's May soybean imports rose 2.7% to 6.13 million tons on year, government data showed.

SELL SOYABEAN AUG @ 3780 SL 3820 TGT 3740-3700.NCDEX


MC

X M

enth

a O

il

MCX Mentha Oil

Mentha oil settled flat as prices seen supported driven by pickup in demand from consuming industries in the spot market and expectations of lower productionfrom the major producing region. Further, tight stock position in the physical market on restricted arrivals from Chandausi in Uttar Pradesh too fuelled uptrend inmentha oil prices. Mentha oil production is expected to fall this year by 30 per cent to 40,000 tonnes from 55,000 tonnes a year ago, with acreage under thecommodity declining as farmers sentiment were dampened due to lower prices. Mentha oil arrivals to the spot market, especially from the Chandausi in UttarPradesh, have increased substantially. The resulting fall in prices was capped due to lower production of the commodity this season. Acreage is expected to fallby 20 per cent this year, to 17,500 hectare on the back of a large carry-over stock from last year, which also had an impact on prices. At Sambhal market totalarrivals are at 70 Drums(1-drum=180kg), down by 30 Drums(1-drum=180kg) from previous day’s arrivals. At Barabanki market arrivals were reported at 100Drums(1-drum-180kg), higher by 20 Drums(1-drum-180kg) as compared to previous day. At Rampur market total arrivals are at 10 Drums(1-drum=180kg),steady as against previous day’s arrival. At Bareilly market sources reported arrivals at 6 Drums(1-drum-180kg), higher by 2 Drums(1-drum-180kg) fromprevious trading day. As per latest reports total of 14,400kgs of mentha oil with a price value of Rs. 15,551,544 Mentha was exported. Technically market isunder short covering as market has witnessed drop in open interest by -5.65% to settled at 5008, now Menthaoil is getting support at 977.4 and below samecould see a test of 970.8 level, And resistance is now likely to be seen at 994.2, a move above could see prices testing 1004.4.

Market Snapshot

Menthaoil trading range for the day is 970.8-1004.4.

Menthaoil spot is at 1072/-. Spot market is down by Rs.18/-.

Mentha oil settled flat as prices seen supported driven by pickup in demand from consuming industries in the spot market.

Further, tight stock position in the physical market on restricted arrivals from Chandausi in Uttar Pradesh too fuelled uptrend.

SELL MENTHA OIL JUNE BELOW 978 SL 1010 TGT 945-926-910.MCX (2-3DAYS)

30 JUN 2015

20 AUG 2015



2

NC

DEX

Jee

ra

NCDEX Jeera

Jeera settled down by -0.53% at 16760 on profit booking after prices seen supported earlier on rising demand along with tight supply. Stockiest and traderswere active in the spot market at lower levels as supplies were tight. There is concern over production due to untimely rainfall in March in Gujarat and Rajasthan.As per Government data, 2.41 lakh hectare of cumin crop is damaged in Rajasthan. As per third advance estimate of Gujarat State, production is expected at1.58 lakh tonnes in 2014-15 which is 54.3 per cent lower compared to last years’ production of 3.46 lakh tonnes. According to Gujarat government data releasedon 19th Jan 15, Jeera recorded 2.64 lakh hac, 42% less sowing compared to last year’s 4.54 lakh hac. Jeera (cumin) exports have been 128,500 tonnes in thefirst nine months (Apr-Dec) of 2014-15, a rise of 28% from the corresponding period of the previous (Source: Spices Board). Export orders are diverted to Indiadue to Geo-political tensions in Syria and Turkey. At Unjha market in Mehsana estimated market supply was at 5000 quintals, steady as against previous day’sarrival. At Rajkot market arrivals were reported at 240 quintal, steady as against previous day’s arrival. At Anandpur Kalu arrivals were reported at 30 quintals,lower by 10 quintals as compared to previous day. In Unjha, a key spot market in Gujarat, jeera edged up by 42.85 rupees to end at 17642.85 rupee per 100kg.Technically market is under fresh selling as market has witnessed gain in open interest by 8.19% to settled at 29457 while prices down -90 rupee, now Jeerais getting support at 16445 and below same could see a test of 16125 level, And resistance is now likely to be seen at 17055, a move above could see pricestesting 17345.

Market Snapshot

Jeera trading range for the day is 16125-17345.

Jeera prices dropped on profit booking after prices seen supported earlier on rising demand along with tight supply.

Stockiest and traders were active in the spot market at lower levels as supplies were tight.

NCDEX accredited warehouses jeera stocks gained by 227 tonnes to 19712 tonnes.

SELL JEERA JULY @ 16900 SL 17100 TGT 16780-16550.NCDEX

20 JUL 2015


NC

DEX

Ch

ana

NCDEX Chana

Chana settled down by -0.83% at 4674 due to limited demand from millers and stockiest. Sentiments remained weak because of rising prospects of sowing ofpulses like Urad and Tur in coming weeks. The Monsoon progress in coming weeks is very critical in determining the sowing progress for Kharif Pulses—and thiswill have a direct impact on Chana prices. The arrivals in Delhi reported at 30 trucks as compared to 40-45 trucks average in the previous week. Final acreagenumbers are revised down to 8.56 million hectare as sowing in Madhya Pradesh, Rajasthan and Karnataka was lower than expected. Area in MP is now estimatedat 2.87 million hectare, year on year down by 20% and in Rajasthan acreage is estimated at 1.49 million hectare. In Karnataka acreage is estimated down by6%. As compared to last 5 year average area under chana is down by 5%, lowest in last 2 years. Low acreage and expected lower yield could take the country'stotal production to 6.4 million tons year on year down by 24% and lowest in last 6 years. As compared 5 year average production is down by 19%. Un-seasonalrain and hailstorms during last week of February and 1st week of March in MP, UP and some parts of Rajasthan affected the quality of the crop. In Delhi spotmarket, chana gained by 10.45 rupee to end at 4610.45 rupee per 100 kgs.Technically market is under long liquidation as market has witnessed drop in openinterest by -2.4% to settled at 163400 while prices down -39 rupee, now Chana is getting support at 4649 and below same could see a test of 4624 level, Andresistance is now likely to be seen at 4712, a move above could see prices testing 4750.

Market Snapshot

Chana trading range for the day is 4624-4750.

Chana prices dropped due to limited demand from millers and stockiest.

Sentiments remained weak because of rising prospects of sowing of pulses like Urad and Tur in coming weeks.

In Delhi spot market, chana gained by 10.45 rupee to end at 4610.45 rupee per 100 kgs.

SELL CHANA JULY @ 4700 SL 4740 TGT 4670-4630.NCDEX

20 JUL 2015

Commodity Ratio

73.42

6.94

69.50

9.45

94.66

21.00

0.90

Change Stock

-2800 308025

-894 467010

9000 450450

-8450 3667250

-1225 154975

0.90

3.20

MCX GOLD AUG-OCT 251.00

Crude Natural Gas ratio

MCX SILVER JUL-SEP 536.00

MCX CRUDEOIL JUN-JUL

MCX NICKEL JUN-JUL

0.55

MCX LEAD JUN-JUL

MCX ALUMINIUM JUN-JUL 1.75

Ratio Trading

Lead Zinc ratio

Silver Crude ratio

Silver Copper ratio

Gold Silver ratio

Gold Crude ratio

Gold Copper ratio

MCX NATURALGAS JUN-JUL 3.20

MCX ZINC JUN-JUL

Spread ViewCommodity Spread

50.00

Greek Prime Minister Alexis Tsipras called on his fractious Syriza party to rally behind the government as time runs critically short to unlock fundingfrom international lenders and avert a debt default. Tsipras made his plea as Greek negotiators pushed to narrow differences with the European Unionand IMF creditors over a cash-for-reform deal on which the country's future in the euro largely depends. The two sides were expected to continuetalks through Tuesday to try to hammer out a deal, in a sign that they were moving closer to a compromise despite fierce protestations about theinadequacy of the other side's proposals. With the Brussels negotiations entering a decisive phase, European officials took a tough stand, expressingtheir frustration with Greek negotiating tactics and trying to impress on Athens the depth of the risks that it is running. "We will do everything to keepGreece in the euro zone ... but our patience is running out," Finnish Finance Minister Alexander Stubb said. Jeroen Dijsselbloem, who chairs theEurogroup of euro zone finance ministers, dampened any expectations that a new Greek proposal promising more reforms and austerity in return forfunding might offer an easy route to a deal.

NCDEX TMCFGRNZM JUL-AUG 130.00

NCDEX CHILLI JUL-AUG 516.00

MCX CPO JUN-JUL 0.50

Commodity

Copper

News you can Use

The International Copper Study Group (ICSG) has released preliminary data for the month of February this year in its May 2015 Copper Bulletin.According to preliminary ICSG data, copper production and usage data points to an apparent production surplus, despite strong Chinese usage. Therefined copper market balance for Feb ’15 showed an apparent production surplus of nearly 120,000 metric tonnes. The production surplus for themonth, after making seasonal adjustments for global refined copper production and usage, stood at 80,000 metric tonnes. The copper balance for thefirst two months of the year ended in production surplus of 153,000 metric tonnes as compared with a deficit of 148,000 tonnes during thecorresponding period last year. World refined production increased by nearly 5% during the first two months of 2015. Primary production was up 3%,whereas the secondary production increased by 13%. The refined copper production during the month witnessed significant growth of 9% in China.The aggregated production by the Philippines, Indonesia and the DRC increased sharply by 48%. On the other hand, the refined copper output byChile dropped 2%, whereas the US production plunged by 7%.

15.50

NCDEX RMSEED JUL-AUG 54.00

U.S. job openings surged to a record high in April and small business confidence perked up in May, suggesting the economy was regaining speedafter stumbling at the start of the year. The economy's stronger tone was reinforced by other data showing a solid rise in wholesale inventories inApril, in part as oil prices stabilized. Job openings, a measure of labor demand, rose 5.2 percent to a seasonally adjusted 5.4 million in April, thehighest level since the series began in December 2000, the Labor Department said in its monthly Job Openings and Labor Turnover Survey (JOLTS).Hiring slipped to 5.0 million from 5.1 million in March. Economists say the lag in hiring suggests that employers cannot find qualified workers for theopen positions. The number of unemployed job seekers per open job, a measure of labor market slack, fell to 1.6 in April, the lowest since 2007 anddown from 1.7 in March. The JOLTS report is one of the indicators being closely watched by Federal Reserve policymakers as they contemplate raisinginterest rates this year. The U.S. central bank has kept the short-term lending rate near zero since December 2008. Tightening labor marketconditions were corroborated by a separate report from the National Federation of Independent Business that showed confidence among smallbusinesses rising to a five-month high in May.

NCDEX CHARJDDEL JUL-AUG


2

MCX CARDAMOM JUL-AUG -28.20

NCDEX DHANIYA JUL-AUG 267.00

NCDEX JEERAUNJHA JUL-AUG 295.00

101.00

MCX MENTHAOIL JUN-JUL

Nickel

Zinc

Aluminium

Lead

NCDEX SYBEANIDR AUG-OCT -282.00

LME Stock (Tons)

Disclaimer :

This document has been furnished to you solely for your information and may not be reproduced or redistributed toany other person. This material is for the personal information of the authorized recipient, and we are not solicitingany action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buyany security in any jurisdiction where such an offer or solicitation would be illegal. The material is based upontechnical reading of the Graph. Though utmost care is taken by the writer of this document, and it should be reliedupon as such. Neither Inventure Commodities Ltd nor any person connected with any of these entities accepts anyliability arising from the use of this document. Opinions expressed herein the report are our own and are based onTechnical Research as of the date appearing in this document only. Reports based on Technical Analysis centers onstudying charts of a commodities price movement and trading volume, as opposed to focusing on a commoditiesfundamentals and as such, may not match with a report based on a commodities fundamentals. While we endeavorto update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, orother reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading andinvestment businesses may make investment decisions that may not exactly adhere to the recommendationsexpressed herein. No part of this material may be duplicated in any form and /or redistributed without prior writtenconsent. In so far as this report includes current or historical information, it is believed to be reliable, although itsaccuracy and completeness cannot be guaranteed.


Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Thursday, June 11, 2015...

Documents

Transcript of Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Thursday, June 11, 2015...