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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 -0.13% 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.

Commodity Trading Tips for Copper by Kedia Commodity

Commodity Trading Tips for Copper by Kedia Commodity

Copper on MCX settled down -0.95% at 381.70 as supply fears eased and more stocks arrived into LME sheds. Copper in yesterday's session dropped below 380 level at one point of time after solid U.S. jobs data increased the likelihood of an interest rate hike this month and on signs that a disruption at the world's biggest copper mine may soon ease. While London Metal Exchange copper fell 1.1 percent to $5,701 a tonne after ending a tad lower in the previous session. The metal earlier touched $5,688, its lowest since Jan. 19. Last month Supply fears had helped propel the copper price above $6,200 per tonne, but these fears have faded this week. Freeport Indonesia aims to resume copper concentrate production on March 21, according to Reuters.

Commodity Trading Tips for Naturalgas by Kedia Commodity

Commodity Trading Tips for Naturalgas by Kedia Commodity

Naturalgas on MCX settled down -0.15% at 196.50 traded in the range while prices bounce up again from the day's low helped by cooling weather, stable production and a larger-than-expected draw from storage last week. Natural gas is now up in seven of the past eight sessions. Prices are still down about 20% year-to-date because of a historically warm winter that sapped heating demand, but some expect big changes in the gas market--notably lower production growth and new sources of demand--to keep prices in check. Yesterday the U.S. EIA said in its weekly report that natural gas storage in the U.S. fell by 68bcfin the week ended March 3. That compared with a build of 7bcfin the preceding week, a decline of 57 billion a year earlier and a five-year average decline of 136bcf. Total U.S.

Commodity Trading Tips for Crudeoil by Kedia Commodity

Commodity Trading Tips for Crudeoil by Kedia Commodity

Crudeoil on MCX settled down -4.5% at 3271 sank to the lowest since November. It was the worst 2-day drop in more than a year. Crude oil bulls have seemingly capitulated, losing a tug of war near $53 that lasted for months. Crude oil prices continued to collapse as U.S. inventories added to record highs, with facilities brimming at storage facilities across the nation. The plunge came even as representatives from the OPEC this week touted high compliance among the output-cut agreement participants since the start of the year. OPEC Secretary-General said that the commitment among output cut pact countries “remains high.” But in U.S., which isn’t part of the pact, the latest data revealed that crude production last week reached a more than one-year high. This week the U.S.

Commodity Trading Tips for Silver by Kedia Commodity

Commodity Trading Tips for Silver by Kedia Commodity

Silver on MCX settled down -1.44% at 40834 as investors become increasingly certain that U.S. interest rates will rise this month. Strong U.S. economic data and comments by Federal Reserve officials have reinforced expectations of a March U.S. rate hike. Prices struggled to take advantage of a pull-back in the dollar, after initial jobless claims missed analysts’ forecasts while investors’ expectations of a March rate hike grew ahead of key non-farm payrolls report due to be released on Friday. U.S. Department of Labor said Thursday, initial jobless claims increased by 20,000 to 243,000 in the week ending March 4 from the previous week’s total of 223,000.

Commodity Trading Tips for Gold by Kedia Commodity

Commodity Trading Tips for Gold by Kedia Commodity

Gold on MCX settled down -0.64% at 28446 amid increasing confidence the Federal Reserve will raise interest rates at its upcoming policy meeting next week. The ADP National Employment Report showed its biggest increase in over a year in February, suggesting the U.S. economy remains on solid ground. The number of Americans filing for unemployment benefits last week rebounded from a near 44-year low, but the labour market continues to tighten amid a sharp drop in job cuts in February. Markets dramatically adjusted expectations for U.S. interest rate hikes this year following hawkish comments from several top Fed officials last week. Holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.32 percent on Thursday.

Commodity Trading Tips for Cotton by Kedia Commodity

Commodity Trading Tips for Cotton by Kedia Commodity

Cotton on MCX settled up by 0.42% at 21550 due to improved supplies from major growing regions. Besides, exports to China may slow down due to reserve stocks auctions, also fuelled the downtrend. In addition to this, China sold 30,169 ton in the its auction, indicating strong demand. Arrivals in local mandis were estimated at 180,000 bales including 45,000 from Gujarat and 67,000 from Maharashtra. The Cotton Corporation of India (CCI) sold nearly 1,100 bales of cotton through e-auction on Monday, said source. The government agency offered 3,600 bales for sale. CCI sold cotton at Rs 44,500-44,600 per candy from its godowns in Maharashtra, Telangana and Karnataka. A huge volume of cotton stocks in China is set to be sold via auctions from March 6th to the end of August 2017.

Commodity Trading Tips for Cardamom by Kedia Commodity

Commodity Trading Tips for Cardamom by Kedia Commodity

Cardamom on MCX settled up by 2.01% at 1434.3 on account of good buying support from both exporters and upcountry buyers. Supply continued to show a shrinkage following the continued dry spell. Harvesting is nearly complete and hence arrivals are unlikely to pick up. Exporters and north Indian dealers have slowed down because of the higher prices. Exports of small cardamom during April-September 2016 have dropped by 20 per cent in volume and 22 per cent in value realisation from that of the same period the last fiscal. Shipments during the first six months of the current financial year stood at 1,625 tonnes valued at Rs. 139.25 crore against 2,026 tonnes valued at Rs. 179.32 crore in the corresponding period in 2015-16, according to Spices Board sources.

Commodity Trading Tips for Maize by Kedia Commodity

Commodity Trading Tips for Maize by Kedia Commodity

Maize on NCDEX settled down by -0.28% at 1431 tracking weakness in spot demand and overseas prives as expectations for bumper South American production weighed. Good rains and prospects for a bumper crop have pulled South African maize prices to 2-1/2 year lows. 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. Cold weather, rains and resilient genetically-modified crops (GMO) have also limited the damage caused by an armyworm outbreak. The region offers potential export markets. Neighbouring Zimbabwe has been hit by the fall armyworm, an invasive South American species, denting crop output. The U.S.

Commodity Trading Tips for Jeera by Kedia Commodity

Commodity Trading Tips for Jeera by Kedia Commodity

Jeera on NCDEX settled down by -0.29% at 16920 on heavy arrivals from the producing belts. Though, some losses were capped on expectation of rising exports demand at the spot market. 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. Reports showed that 9,901 tons of jeera arrived during February 27-March 4 compared to 6,273 tons 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 -0.3% at 6624 as the supplies are adequate in the physical market. Though, some losses were capped on rising domestic as well as exports demand at the spot market. On the export front, country exported about 82,115 tons during April-December period, up by 28% compared to last year exports of 64,105 tons. The turmeric arrivals in the country increase to 54,641 tons during February 27- March 4 compared to

Commodity Trading Tips for Mustard Seed by Kedia Commodity

Commodity Trading Tips for Mustard Seed by Kedia Commodity

Mustard Seed on NCDEX settled up by 0.73% at 3866 tracking firmness in spot demand despite of oversupply woes. Mustard Oil Producers Association (MOPA) in its 38th All India Rabi Oil Trade and Industry Seminar held in Raipur hiked its mustard seed 2016-17 output forecast by 19.31%. India's mustard seed output during 2016-17 is estimated at 6.92 million ton as against 5.8 million ton on thanks to higher acreage and favourable weather, said MOPA. 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.

Commodity Trading Tips for Crude Palm Oil by Kedia Commodity

Commodity Trading Tips for Crude Palm Oil by Kedia Commodity

Crude palm Oil on MCX settled up by 0.56% at 534.2 on short covering after prices dropped amid weak spot market on sluggish demand. Malaysia palm oil exports during Feb 1-28 fell by 14.2% compared to a month earlier on subdued demand from China, European Union, India & Subcontinent and Middle East, data showed. Malaysia's palm oil exports India during Feb 1-28 slumped by 18.11% to 181,860 tons as compared to 222,100 tons imported during Jan 1-31. However, investors kept close watch on Palm and Lauric Oil Prices Outlook Conference & Exhibition (POC). World palm oil output is forecast to climb 11% to 65 million tonnes this year from 58.3 mln tonnes a year ago as near-perfect weather boosts yields, a senior industry official said.

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 up by 0.53% at 651.2 on short covering after prices dropped amid higher supply in global market. However upside seen limited on demand worries as soybean crushing disparity were at Rs 600 per tons due to higher prices in last month which refrains buying activity by crushers. However, market participants expected demand in spot market to rise in coming days on account of holi festivals. India's agriculture department in second advance estimates pegged 2016-17 soybean crops at 14.125 million tons as compared to 8.570 million tons reported in the previous year. Pricse were also under pressure tracking globla cues amid higher Brazilean bena production forecast.

Commodity Trading Tips for Soyabean by Kedia Commodity

Commodity Trading Tips for Soyabean by Kedia Commodity

Soyabean on NCDEX settled down by -0.69% at 2880 due to weak demand against ample supplies in the domestic markets. Further, lower soyabean prices in international markets with expectations of silo-bursting Brazilian supplies too added pressure on domestic prices. Though, increase in exports of soybean meal capped some losses. The reports from SOPA stated that, soymeal exports rose over sevenfold to 207,977 tonnes in February 2017, compared to 29,951 tonnes in February 2016 showing 7-fould increase in exports. 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 -0.99% at 1026.5 tracking muted demand from consuming industries at the spot market. Further, higher supplies from major producing belts of Chandausi in Uttar Pradesh also fuelled the downtrend. Pressure also seen on prices on the speculation the area under cultivation can increase this year resulting good production. China and Japan have reduced their buying quantity in the recent past due to the economic slowdown had impacted Mint product's exports which declined substantially from the export basket by 18% in terms of volume and 4% in terms of value year-on-year. Exports of mint products stood at 21,150 tonne in FY16 valued at RS. 2,577.59 crore against 25,750 tonne valued at RS. 2,689.25 crore in FY15.

Commodity Trading Tips for Aluminium by Kedia Commodity

Commodity Trading Tips for Aluminium by Kedia Commodity

Aluminium on MCX settled down -0.2% at 125 while recovered from the day's low as support seen from the LME Aluminium prices which ended up 0.1 percent at $1,877 holding well above recent support levels. Aluminium prices got support in recent past and prices on LME hit a two-year high of $1,957 a tonne last week as China pressed on with plans to cut output by 30 percent over the winter heating season. Now support also seen after Aluminium stocks at three major Japanese ports fell slightly from the previous month to 273,100 tonnes at the end of January, but were down from 368,100 tonnes a year ago.

Commodity Trading Tips for Nickel by Kedia Commodity

Commodity Trading Tips for Nickel by Kedia Commodity

Nickel on MCX settled down -4.5% at 678.90 as selling triggered by a higher dollar and sentiments remain weak for prices which hit a two-week low on expectations the Philippines may soften mine closure plans. ShFE nickel ended Wednesday's session down 3.3 percent. Nickel prices to ease over a three-to-nine month horizon, as Indonesia resumes exports and as major nickel mines in the Philippines, the world's top exporter, manage to maintain production. Although environmental policies in the Philippines have threatened the closure of up to 20 nickel mines, market remain confident that there will not be any significant output declines in the Philippines in 2017 compared to 2016 as most major miners will avoid the regulatory crackdown.

Commodity Trading Tips for Zinc by Kedia Commodity

Commodity Trading Tips for Zinc by Kedia Commodity

Zinc on MCX settled up 0.33% at 180 as support seen on short covering after fresh update that a 3-1/2-week strike at Noranda Income Fund's zinc processing facility in Quebec is showing no signs of ending, union officials said on Wednesday, with no talks set between workers and management. The two sides met with a Quebec government-appointed mediator last Friday but no progress was made in settling a dispute over pension cuts and no further meetings arranged, United Steelworkers of America Local 6486 President Manon Castonguay said. The market is keeping a close eye on 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. The price of zinc gained 0.6 percent to $2,710 a tonne on Wednesday.




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