Commodity Trading Tips for Chana by KediaCommodity

Chana settled up 0.85% at 2854 extended gain for second straight on robust domestic demand also support seen after Spot prices gained on a pick-up in spot demand ahead of festivals though hopes of bumper production from the winter-sown crop due to heavy rainfall in the top producing state of Madhya Pradesh, restricted the upside. While domestic chana demand is robust due to upcoming festivals like Navratri and Diwali consumption of besan, a byproduct of chana increases for making sweets and snacks.

Commodity Trading Tips for Soyabean by KediaCommodity

Soybean settled down -1.06% at 3165 once again after prices recovered in the early trades of Monday on short covering at lower levels and settled up by 1.23% higher. While today again we have seen fall in the prices declined on good rains in the soybean belts, increased sowing, weak soy meal export and weak overseas soybean markets. According to Ministry of Agriculture soybean planting as on 4th September is reported at 10.96 mn ha compared to 12.17 mn ha last year.

Commodity Trading Tips for Mentha Oil by KediaCommodity

Menthaoil settled up by 2% at 669.00 after spot market gained by Rs. 16 on rising domestic and export demand amidst restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at futures trade here. While since last week prices where under pressure as speculators indulged in reducing positions amidst falling demand from consuming industries in the spot market. Besides, ample stocks position in the physical market on increased arrivals from Chandausi in Uttar Pradesh too added pressure on mentha oil.

Commodity Trading Tips for Nickel by KediaCommodity

Nickel settled down -4.38% at 1149.60 on easing supply concerns after a Filipino congressman said that any mineral ore export ban in the Philippines may take seven years to be implemented. The Philippines accounts for nearly all of China's nickel ore and concentrate imports after Indonesia enacted a mineral ore export ban earlier this year. Pressure also seen amid reports that a potential ore-exports ban by the Philippines may be years away.

Commodity Trading Tips for Zinc by KediaCommodity

Zinc settled down -2.7% at 140.40 as a firmer US dollar reduced the purchasing power of non-US consumers. Chinese Premier Li Keqiang confirmed China will not push any additional stimuli for the remainder of this year, triggering investor concerns over China's demand. Market considered it a sign that the Chinese government will not introduce further stimulus for the foreseeable future, and worried China may fail to achieve the 7.5% growth target this year. In addition, expectation of an early interest rate by the Fed caused US shares to slump.

Commodity Trading Tips for Copper by KediaCommodity

Copper settled down -1.59% at 422.7 as continued strength in the U. S. dollar and concerns about a slowdown in demand from China weighed. Official trade data released Monday showed that China's copper arrivals fell 12% from a year earlier in August, due to the fallout from a government investigation into metal financing at Chinese ports. A slowdown in domestic demand indicated a recovery in the broader economy remains fragile and may need further government stimulus.

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