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Commodity Trading Tips for Nickel by Kedia Commodity

Commodity Trading Tips for Nickel by Kedia Commodity

Nickel on MCX settled down -0.78% at 658.4 tracking LME prices falling 1.4 percent to end at $10,020, pulled down by losses in Chinese steel futures. Prices also remained under pressure on concerns that U. S. President Trump had yet to implement mooted tax cuts and infrastructure spending. The INSG estimates that global nickel market was in a small deficit of 1,130 tonnes in January 2017 after recording a deficit of 41,520 tonnes in the whole of 2016. The INSG expects a deficit of 66,000 tonnes this year amid growing demand from the stainless steel sector. Nickel experienced upside earlier in the month when Philippine President Rodrigo Duterte threatened to stop all mining in the world’s biggest exporter of nickel.

Commodity Trading Tips for Zinc by Kedia Commodity

Commodity Trading Tips for Zinc by Kedia Commodity

Zinc on MCX settled up 1.5% at 186.65 as support seen after the update that Brazilian group Votorantim has halted operations at its zinc smelter Cajamarquilla in Peru as a precaution amid flooding and mudslides that have disrupted transportation and restricted running water in the Andean country. The company told that it was carrying out maintenance work to restart operations as soon as weather conditions allow. It declined further comment. Peru, the world's third- biggest producer of zinc and second-largest copper producer, is bracing for another month of flooding after a sudden warming of Pacific waters off Peru's coast unleashed deadly downpours in recent weeks.

Commodity Trading Tips for Copper by Kedia Commodity

Commodity Trading Tips for Copper by Kedia Commodity

Copper on MCX settled up 0.73% at 381.90 edged higher reversing losses that led prices to trade at a one-week low, as stocks recovered slightly and investors closed out short positions. Support seen after London Metal Exchange copper edged up 0.1 percent to $5,818 a tonne adding to a 0.6 percent gain from the previous session when prices plumbed their lowest since March 10 at $5,715 a tonne as broader investor sentiment revived. In Peru, a 1,300-worker strong strike at Freeports' Cerro Verde mine which recently underwent a massive expansion is set to end on Thursday on government orders, but the union vowed to down tools again on Friday.

Commodity Trading Tips for Naturalgas by Kedia Commodity

Commodity Trading Tips for Naturalgas by Kedia Commodity

Naturalgas on MCX settled down -1.29% at 198.20 on profit booking pulled back from the strongest level since February as traders continued to monitor shifting early-spring weather forecasts. Warm to mild conditions will dominate most of the U. S. this weekend, even as a spring-like weather system with heavy showers and thunderstorms impacts the central U. S. Next week will be mostly mild to warm across the country with limited demand for heating or cooling besides the far northern U. S., according to forecasters at NatGasWeather. com. Meanwhile, market participants looked ahead to weekly storage data due on Thursday, which is expected to show a draw of 147 billion cubic feet in the week ended March 17.

Commodity Trading Tips for Crudeoil by Kedia Commodity

Commodity Trading Tips for Crudeoil by Kedia Commodity

Crudeoil on MCX settled down -0.13% at 3164 prices were a bit lower as recovered from steep early losses after government data showed gasoline stockpiles continued to fall last week. Yesterday the EIA said that crude oil inventories rose by 5 million barrels to 533.1mbls compared to estimates of an increase of only 2.8mbls. Gasoline inventories dipped by 2.811 million against expectations for a draw of 2.008mbls while distillate stockpiles fell by 1.910 million barrels, compared to expectations of a 1.386 million decline. While Crude have slid for a third straight day, as fears grew that a ramp up in U. S. crude and shale oil production may dampened OPEC’s efforts to rebalance supply and demand in the industry.

Commodity Trading Tips for Silver by Kedia Commodity

Commodity Trading Tips for Silver by Kedia Commodity

Silver pared gains to settle flat amid doubts over President Trump's economic policies while weaker than expected economic data supported upside momentum. U. S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. With the U. S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. A report released by the Conference Board showed that its index of leading U. S. economic indicators climbed to its highest level in over a decade in February.

Commodity Trading Tips for Gold by Kedia Commodity

Commodity Trading Tips for Gold by Kedia Commodity

Gold prices gained as the dollar fell to seven-week lows and bond yields sank on uncertainty over the economic policies of U. S. President Donald Trump. A lack of concrete policy from the Trump administration is increasing gold's attraction as a safe-haven investment. U. S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. Most U. S. and European share indexes fell or were little changed, while the greenback extended losses to a seven-week low against a basket of major currencies, on concerns over potential delays to Trump's pro-growth policies unnerved investors. Gold was also supported by a further drop in U. S.

Commodity Trading Tips for Cotton by Kedia Commodity

Commodity Trading Tips for Cotton by Kedia Commodity

Cotton on MCX settled down by -1.02% at 21330 as exports to China may slow down till September due to reserve stocks auctions. Further, rising arrivals from major producing belts also weighed on cotton. Cotton Association of India pegged cotton production for year 2016-17 at 34.1 million bales higher by 1% as compared to 33.8 million bales produced last year while total domestic consumption was estimated at 29.5 million bales. Government also pegged total cotton production for year 2016-17 at 32.507 million bales in its second advance estimates. In addition to this, cautious trading ahead of USDA monthly global supply and demand estimation report which is scheduled to be release also kept cotton under pressure.

Commodity Trading Tips for Cardamom by Kedia Commodity

Commodity Trading Tips for Cardamom by Kedia Commodity

Cardamom on MCX settled down by -2.22% at 1402.5 as stockists are on the fence due to tight money market though stock position is tight. However, warmer weather in the all the producing centres of south India may check price fall. Poor South West and North East monsoon is likely to impact adversely on the production of cardamom for the coming season as well. Cardamom prices are likely to trade range bound to firm for the coming couple of weeks, the report added. Harvesting of cardamom is over and arrivals are likely to decline in the coming days. According traders estimates, cardamom production for the current year is around 18,000 ton down from 28,000 tons a year ago showing a fall of 35.7% on year.

Commodity Trading Tips for Maize by Kedia Commodity

Commodity Trading Tips for Maize by Kedia Commodity

Maize on NCDEX settled up by 0.21% at 1434 on short covering after prices dropped ample global supplies. However upside also seen limited pressured by production outlooks from South America. Argentina's Rosario Exchange raised its forecasts for the 2016/17 corn crops, citing better than expected yields and improving weather in late February. The Exchange's report also raised the corn crop outlook to 38 million tonnes from 36.5 million tonnes previously. Corn prices dropped after the government Crop Estimates Committee forecast a 2017 harvest of 13.918 million tonnes, 79 percent more than in 2016. That forecast was 6 percent higher than expectations of 13.11 million tonnes.

Commodity Trading Tips for Jeera by Kedia Commodity

Commodity Trading Tips for Jeera by Kedia Commodity

Jeera on NCDEX settled up by 1.77% at 17220 on expectations of increase in export demand at the spot market. There are expectations of increase in export demand at slightly lower levels. Jeera output during 2017 is estimated up at 5.83 million bags of 55 kilogram each from 4.21 million bags a year ago. Though jeera output may rise but prices are likely to decline due to higher export demand, opined most of the traders in the seminar. Jeera export in next fiscal is estimated around 100,000 ton. The arrivals of jeera in Gujarat are improving so as the demand. As per Agmarknet data, during Feb 27- Mar 4 about 9,901 tonnes of jeera arrived compared to 6,273 tonnes in the previous week.

Commodity Trading Tips for Turmeric by Kedia Commodity

Commodity Trading Tips for Turmeric by Kedia Commodity

Turmeric on NCDEX settled down by -1% at 6558 on heavy arrivals from the producing belts. Though, some losses were capped on rising domestic as well as exports demand at the spot market. New crop arrivals have started in all the major producing centres of Andhra Pradesh, Telangana, Maharashtra, Odisha. The arrivals of the new season turmeric in recent weeks have improved but the demand is not matching. The turmeric arrivals in the country increase to 54,641 tonnes during Feb 27- Mar 4 compared to 28,454 tonnes during previous week, as per the Agmarknet data. On the export front, country exported about 82,115 tonnes during April-Dec period, up by 28% compared to last year exports of 64,105 tonnes, as per government data.

Commodity Trading Tips for Mustard Seed by Kedia Commodity

Commodity Trading Tips for Mustard Seed by Kedia Commodity

Mustard Seed on NCDEX settled down by -0.57% at 3844 tracking other oil complexes despite of lower arrivals in the market. New mustard seed arrivals across the country totalled at 505,000 bags against 550,000 on previous session. India's mustard output is estimated to rise to 6.9 mln tn in 2016-17 (Jul-Jun), from 5.8 mln tn a year ago, due to better yield and favourable weather, a survey done by the Central Organisation for Oil Industry and Trade and Mustard Oil Producers Association showed. Mustard output in Rajasthan, the largest producer, is seen at 3.1 mln tn this year, up from 2.6 mln tn last year, the survey showed.

Commodity Trading Tips for Crude Palm Oil by Kedia Commodity

Commodity Trading Tips for Crude Palm Oil by Kedia Commodity

CPO on MCX settled down -1.31% at 527.20 as downward pressure build from May as output picks up in Indonesia and Malaysia. Global palm oil production is forecast to increase by 6 million tonnes in 2017. A rebound in palm oil production this year is forecast to drag down prices of the tropical product in the second half, with additional pressure coming from an expected slowdown in demand from top importers India and China. Tight supplies following a drought in 2015-16 are expected to support the market over the next two months, but downward pressure should build from May as output picks up in Indonesia and Malaysia. Earlier this week Benchmark Bursa Malaysia crude palm oil futures fell to their lowest since early November last week on slowing demand and the outlook for higher production.

Commodity Trading Tips for Ref.Soya oil by Kedia Commodity

Commodity Trading Tips for Ref.Soya oil by Kedia Commodity

Ref.Soyaoil on NCDEX settled down by -1.54% at 641.2 on increasing supply in spot markets. Prices of soyoil were down as supply in local market has risen due to robust crop in the country, which has resulted in better availability of soy oil. Also, mustard oil supply is improving as this year production of mustard seed is higher than last year which is also weighing on soy oil prices. India oilmeal exports in the month of February jumped more than doubled on robust demand, data released from Solvent Extractors Association of India (SEA) showed. Bumper output in domestic market have made Indian oil meal prices competitive in export market which will lead to robust export number in Feb.

Commodity Trading Tips for Soyabean by Kedia Commodity

Commodity Trading Tips for Soyabean by Kedia Commodity

Soyabean on NCDEX settled up by 0.1% at 2883 after prices seen supported amid firm spot demand due to increase in exports of soybean meal. The reports from SOPA stated that, the export of soybean meal and its other value added products during February 2017 is pegged at 2,07,977 tonnes compared to 29,951 tonnes in February 2016 showing an increase of 594.40 per cent over the same period of last year. Though, lower prices in international markets following expectations of ample South American production, limiting some gains in soyabean prices. US soybean crushers crushed higher than the market expectations in January, third highest January crush on record, said National Oilseed Processors Association.

Commodity Trading Tips for Mentha Oil by Kedia Commodity

Commodity Trading Tips for Mentha Oil by Kedia Commodity

Mentha oil on MCX settled down by -0.21% at 1024.3 on fresh selling after the speculation that sowing activity had been inceresed in key production area of UP after the delay due to on going Elections activity. The weather looked good and everything seemed fine as of now as farmers are still under stress, as they have already suffered a lot because of demonetization. As cash is the primary mode of transaction in agriculture sector which contributes 15% to India’s total output. Earlier it was estimated that total area under Mentha planting will drop by 20% to 1.75 lakh ha for this season resulting into a proportionate fall in Mentha oil production this year.

Commodity Trading Tips for Aluminium by Kedia Commodity

Commodity Trading Tips for Aluminium by Kedia Commodity

Aluminium on MCX settled down -0.24% at 124.70 tracking weaknesss from LME Aluminium which closed 0.5 per cent down at $US1,868 fairly steady. Stock declines continue to be offset by re-warranting – Net inventories are down 16,750 tonnes to 2,084,800 tonnes and cancelled warrants fell 16,475 tonnes to 786,550 tonnes. The United States has launched a trade case accusing Chinese aluminium foil producers of dumping product and damaging its domestic industry, the first such case since the inauguration of U.S. President Donald Trump.

Commodity Trading Tips for Nickel by Kedia Commodity

Commodity Trading Tips for Nickel by Kedia Commodity

Nickel on MCX settled down -0.13% at 678 tracking weakness from LME nickel prices which eased 0.8 percent on the possibility that the Philippines’ hardline environmental minister may not be confirmed by Congress, opening the door to a new minister who may be more permissive of the mining sector. But Regina Lopez said on Thursday that President Rodrigo Duterte would reappoint her if a decision is delayed, giving her more time to press her case on mine closures. Pressure also seen after the Domestic stainless steel prices in China have fallen over the past week on thin trading and a softening nickel market.

Commodity Trading Tips for Zinc by Kedia Commodity

Commodity Trading Tips for Zinc by Kedia Commodity

Zinc on MCX settled down -0.58% at 178.95 with a bunch of bearish fundamentals hitting the market, triggering a sell-off this week. Sentiments turned negative this week for Zinc prices after the update that China's zinc production will grow in March, As some smelters will conduct maintenance in February which will affected the output nearly 21,000 tonnes will restart. Meanwhile the union representing striking workers at the Noranda Income Fund's zinc processing facility in Quebec, vowed on Thursday to take the company to court over the alleged use of strikebreakers. The market is watching the strike as zinc prices have more than doubled since the beginning of last year due to a shortage tied to mine closures and shutdowns.




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