Professional Documents
Culture Documents
DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 JUL 2016
115.60
114.15
112.70
112
111.30
110.55
109.80
108.40
106.90
COPPER
31 AUG 2016
331.30
327.10
323
320.40
318.80
316.20
314.70
310.50
306.40
CRUDE OIL
19 JUL 2016
3303
3221
3139
3099
3057
3017
2975
2893
2811
GOLD
05AUG 2016
33340
32776
32212
31965
31648
31401
31084
30520
29956
LEAD
29 JUL 2016
129.65
127.15
124.65
123.15
122.15
120.65
119.65
117.15
114.65
NATURALGAS
26 JUL 2016
201.90
197.30
192.70
190.50
188.10
185.90
183.50
178.90
174.30
NICKEL
29 JUL 2016
714.50
696.60
678.70
671.10
660.80
653.20
642.90
625
607.10
SILVER
05 JUL 2016
52249
50491
48733
48110
46975
46352
45217
43459
41701
ZINC
29 JUL 2016
155.65
151.80
147.95
146.15
144.10
142.30
140.25
136.40
132.55
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 JUL 2016
118.20
115.90
113.60
112.40
111.30
110.10
109
106.70
104.40
COPPER
31 AUG 2016
383.60
363.75
343.90
330.85
324.05
311
304.20
284.35
264.50
CRUDE OIL
19 JUL 2016
4053
3746
3439
3249
3132
2942
2825
2518
2211
GOLD
05AUG 2016
35207
34083
32959
32339
31835
31215
30711
29587
28463
LEAD
29 JUL 2016
140.50
134.75
129
125.30
123.20
119.60
117.50
111.75
106
NATURALGAS
26 JUL 2016
236.20
220.80
205.40
196.80
190
181.40
174.60
159.20
143.80
NICKEL
29 JUL 2016
824.80
773.80
722.80
693.20
671.80
642.20
620.80
569.80
518.80
SILVER
05 JUL 2016
56695
53603
50511
48999
47419
45907
44327
41235
38143
ZINC
29 JUL 2016
152.80
149.60
146.35
145.10
143.10
141.90
139.85
136.60
133.35
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 JUL 2016
68.15
67.95
67.75
67.65
67.55
67.45
67.35
67.15
66.95
EURINR
27 JUL 2016
75.90
75.50
75.15
74.95
74.80
74.55
74.40
74.05
73.70
GBPINR
27 JUL 2016
88.90 88.50
88.10
87.90
87.65
87.45
87.20
86.80
86.40
JPYINR
27 JUL 2016
68.30
67.55
67.35
67.15
67
66.80
66.45
66.05
67.90
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
USDINR
27 JUL 2016
69.1
5
68.60
68.10
67.80
67.60
67.30
67.10
66.60
66.10
EURINR
27 JUL 2016
78
77
76
75.35
75
74.35
74
73
72
GBPINR
27 JUL 2016
96.1
0
93.55
90.95
89.30
88.35
86.75
85.80
83.20
80.60
JPYINR
27 JUL 2016
72.0
5
70.25
68.50
67.80
66.70
66.05
64.90
63.15
61.35
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 OCT 2016
643
639
635
633
631
629
627
623
619
SYBEANIDR
20 OCT 2016
3925
3868
3811
3777
3754
3720
3697
3640
3583
RMSEED
19 AUG 2016
4995
4935
4875
4850
4815
4790
4755
4695
4635
JEERAUNJHA
19 AUG 2016
20290
19775
19260
19070
18745
18555
18230
17715
17200
TMC
19 AUG 2016
8180
8156
8122
8080
8042
8010
7980
7948
7924
GUARSEED
20 OCT 2016
3682
3657
3620
3590
3562
3547
3522
3498
3477
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 JUL 2016
713
688
663
647
638
622
613
588
563
SYBEANIDR
20 OCT 2016
4392
4195
3998
3871
3801
3674
3604
3407
3210
RMSEED
19 AUG 2016
5355
5187
5019
4922
4851
4754
4683
4515
4347
JEERAUNJHA
19 AUG 2016
22330
21050
19770
19325
18490
18045
17210
15930
14650
TMC
19 AUG 2016
8230
8198
8158
8102
8038
7978
7934
7896
7864
GUARSEED
20 OCT 2016
3733
3688
3649
3612
3565
3521
3478
3444
3402
U.S. drillers this week added oil rigs for a fifth week in six, according to a closely followed report
Friday, prompting analysts to predict the rig count has bottomed and production will start to edge up
early next year.
U.S. job growth surged in June as manufacturers and other employers boosted hiring, confirming the
economy has regained speed after a first-quarter lull, but tepid wages suggested the Federal Reserve
will probably not raise interest rates soon. Nonfarm payrolls increased by 287,000 jobs last month,
the largest gain since last October, the Labor Department said on Friday. May payrolls were revised
sharply down to show them rising 11,000 rather than the previously reported 38,000.
The U.S. created 287,000 jobs in June, massively topping analyst expectations. The national
unemployment rate, meanwhile, rose slightly more than expected in June, to 4.9 percent, according to
data released Friday by the Bureau of Labor Statistics. Jobs watchers had been expecting Friday's jobs
report to show a substantial rebound from May's unexpectedly weak growth, but the June number
easily topped expectations. Economists surveyed by Reuters said they were, on average, expecting
nonfarm payrolls to show growth of 175,000 for June, and the unemployment rate to rise to 4.8
percent.
Bank of Japan Governor Haruhiko Kuroda said the central bank is ready to expand monetary stimulus
further if needed to achieve its 2 percent inflation target, but made no mention of the Brexit vote that
has spread turmoil in financial markets. Kuroda maintained the central bank's optimistic view on the
economy, signalling his confidence over Japan's recovery prospects. "Japan's economy is expected to
expand moderately as a trend," Kuroda said in a speech delivered at a quarterly meeting of the central
bank's regional branch managers on Thursday.
BULLION
Gold prices rose by 0.8 percent to close at Rs.31719 per 10 gms last week..Gold slipped sharply on Friday after
stronger than expected U.S. payrolls data for June but rebounded quickly, underpinned by concerns over the
outlook for financial markets following Britain's Brexit vote. Gold hit a low of $1,335.66 an ounce in the wake
of data showing that U.S. non-farm payrolls increased by 287,000 jobs last month, the largest gain since
October. That sent the dollar to a two-week high against the euro and reignited talk that the U.S. Federal Reserve
could lift interest rates this year. Traders had awaited the payrolls data for clues on U.S. monetary policy. Fed
futures contracts, which suggested before the jobs report that traders saw only a 19 percent chance of a U.S. rate
hike by December, now suggest a higher chance. Lower rates tend to boost gold prices because they cut the
opportunity cost of holding non-yielding bullion while weighing on the dollar, in which it is priced. SPDR Gold
Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings fell by a little more than four
tonnes on Thursday to 978.29 tonnes, having posted its biggest daily inflow in six years on Tuesday. The world's
largest gold-backed exchange-traded fund, SPDR Gold Trust, posted the biggest one-day surge in its holdings in
more than six years on Tuesday. They jumped 28.8 tonnes to 982.72 tonnes, their highest since June 2013. The
minutes of the US Federal Reserve released stated that the uncertainty over the so called Brexit will limit any
further move by the central bank about rate hike.
ENERGY
Oil prices declined by 6.5 percent to close at Rs.3059 per barrel.Oil broke support levels after the Energy
Information Administration (EIA) said crude stockpiles fell 2.2 million barrels for the week to July 1, just below
a 2.3-million barrel decline forecast by analysts in a Reuters poll. While the EIA reported a seventh weekly
decline in crude stocks, the figure it gave was far less than a 6.7 million-barrel draw cited by trade group the
American Petroleum Institute in preliminary data issued late Wednesday.The oil market initially rose about 1
percent or more after the U.S. economy posted the largest job gains in eight months in June and on worries about
fresh militant attacks on Nigerian oil infrastructure. Oversupply concerns, however, resurfaced with data
showing the U.S. oil rig count rose by 10 this week as drillers added rigs for a fifth week in six as analysts to
predict the near two-year slump in drilling has bottomed and production will start to edge up early next year.
Both benchmarks were down nearly 8 percent for the week - the largest weekly slide for Brent since January and
the biggest weekly drop for WTI since February. Crude futures remain some 75 percent above 12-year lows of
$27 for Brent and $26 for WTI hit in the first quarter. But the market has gyrated since hitting above $50 as a
glut of refined products replaced worries about crude oversupply that caused a near two-year long tumble earlier.
Futures hit two-month lows on Thursday, with WTI breaking below key support of $45.83 after weekly
drawdowns in U.S crude looked inadequate to assuage investor concerns.
Natural gas futures fell for the first week in seven despite a small gain on Friday
on forecasts for hotter-than-normal weather to persist through at least late July. After soaring 45 percent over the
prior six weeks on the summer heat which began in early June, gas futures lost 6 percent in the July Fourth
holiday-shortened week as traders took profits on Tuesday. With the hottest weather of the year expected in midJuly, some traders said futures could climb over $3 in coming weeks. Others, however, noted the heat was
already priced in and predicted the frontmonth could fall to $2.50 on the first signs of cooler temperatures. In
early estimates, analysts forecast utilities added 64 billion cubic feet of gas into storage during the week ended
July 8. That compared with builds of 39 bcf in the prior week, 95 bcf a year earlier and a five-year average of 77
bcf.
BASE METAL
Copper prices traded lower by 4.6 percent last week to close at Rs.317.8 per kg.Copper prices plunged the most
by 4.1 percent last week to close at $4710.5/tonne as Non-farm payrolls increased by 287,000 jobs last month,
that's its biggest gain since last October, and above forecasts of 175,000. Earlier, private processing firm ADP
showed U.S. Payroll said nonfarm private employment rose 172,000 last month. Also, investors were a cautious
after an influx of inventories into warehouses. Data showed an inflow of 23,625 tonnes of metal into London
Metal Exchange-approved warehouses on Tuesday, the latest arrival into depots that have seen a 45 percent
surge since June 1. However, sharp losses were restricted as investors were keenly awaiting host of stimulus
measures from China and other major economies after weak manufacturing data from the biggest consumer. The
market still needed more clarity, however, about global economic growth and metals demand, some which
would come when economic figures from top metals consumer China are released next week, he added. A
weaker dollar makes dollar-priced commodities cheaper for buyers using other currencies. LME nickel climbed
1.4 percent to end at $9,890 a tonne, recovering from a session low of $9,525 after the Philippines ordered the
suspension of operations at two nickel mines in an environmental crackdown. The Philippines is the biggest
supplier of nickel ore to China. Peter Peng, an analyst at CRU consultancy in Beijing, said the two mines are
relatively small and unlikely to have any immediate impact on shipments to China.
The increase in intensity and coverage of rainfall over the past weekend has
resulted into a sharp decline in the deficit so far this monsoon season. Rain forecast to cover the
remaining uncovered parts of Rajasthan and Gujarat in 48 hours.Data compiled by the India
Meteorological Department (IMD) showed the rain deficit had narrowed to six per cent of the LongPeriod Average (LPA) for the period between June 1 and July 3, from 11 per cent till last week. LPA
is the average rainfall for the past 50 years. Both the northwest and southern Peninsula have received
excess rain, while east and northeast continue to face a sharp decline. About 70 per cent of cultivable
land in India is sown for the kharif crop with the onset of seasonal rain. Most cultivable land remains
rainfed. Paddy, maize, most varieties of oilseeds and some varieties of pulses are grown with the help
of monsoon rain. It also sets the trend for rabi sowing, for which planting starts in SeptemberOctober, depending on soil moisture after kharif harvest. The early deficit of monsoon rain affected
sowing. Data compiled by the agriculture ministry showed a 23 per cent decline in the area under
various agricultural crops so far this season. As of July 1, the actual acreage coverage area under
kharif sowing stood at 21.59 million hectare this year, compared to 27.93 million ha the same day last
year.
Agri-commodities are not behind in keeping Indian exports low. Rather they have fallen to a five-year
low in 2015-16 according to data provided by Agricultural and Processed Food Products Export
Development Authority (APEDA).From a pick of $42.84 billion in FY14, agri exports are falling but
the fall was sharper with 17% decline in FY16 to $32.09 billion and except sugar and couple of other
small items in top ten of the agri export basket, all commodities exports declined. In FY13 Guar gum
was top revenue generating export item in agri basket with $3.9 billion is now not even in top 10 list.
Marine products, buffalo meat, rice including basmati have been top contributors in exports basket
and all have seen a significant fall in exports.Key reason for fall in buffalo meat exports was sharp
fall in Brazil currency leading to their produce much more competitive than India. For basmati rice,
Iran was virtually absent for almost a year and rice prices were also not attractive.The agriculture
exports from India have been falling mainly in value terms. As the global prices of commodities have
been lowering, even the increase in volume of exports of agri commodities has not fetched us higher
incomes. So the exports in value terms have dwindled. At the same time, the domestic prices of three
major agri commodities in India; wheat, soya meal and maize have remained higher than international
market in the last 18 months. This has also restricted the prospects of Indian commodity exports in
Pulse production could increase by 18 per cent to 20 million tonnes this crop year on better monsoon
which would help bring down retail prices. It has been conveyed to the finance minister that this year
dal production would be 20 million tonnes (mt). This will help bring down the market prices,"
Paswan told reporters here when asked about the likely output in 2016-17 crop year (July-June).
Pulses output declined to 17.15 mt in the 2014-15 crop year, from 19 mt in the previous year, due to
drought. In 2015-16, pulses output further dipped to 17.06 mt on poor monsoon. Annual domestic
demand is pegged at 23.5 million tonnes.Pulses output declined to 17.15 mt in the 2014-15 crop year,
from 19 mt in the previous year, due to drought. In 2015-16, pulses output further dipped to 17.06 mt
on poor monsoon. Annual domestic demand is pegged at 23.5 million tonnes. Highlighting other
steps, tur (arhar) dal will be imported on a government-to-government basis from Mozambique on a
long-term basis. Imports will happen at minimum support price plus transportation cost. The
government is in talks with Myanmar for urad imports, but they have not yet agreed to governmentto-government imports. In retail markets, rates of chana, tur, urad, moong and masoor are ruling as
high as Rs 110, Rs 162, Rs 198, Rs 130 and Rs 107 per kg, respectively, according to government
data.
TURMERIC
The drought condition in 2015, while raising concerns on lower production of turmeric, caused its prices to trade
higher in the growing season of 2015 (kharif crop). Excessive rains prior to harvesting in Andhra Pradesh and
Tamil Nadu added fuel to the fears of lower production. Turmeric futures for May16 delivery touched a fiveyear high at 11,152 per quintal in late November15 and the bullish trend continued till the first half of January
2016. But prices started to decline from the second half of January, plunging to 8,104/Q towards January end.
Then, between February and May, they fluctuated between a low of 8,000/Q in May amidst arrival pressure and
a high of 9,480/Q supported by steady demand. Demand for good quality turmeric from industrial buyers and
stockists/traders limited the drop in prices from arrival pressure. India accounts for four-fifths of the worlds
turmeric production and exports. Andhra Pradesh and Telangana, Maharashtra and Tamil Nadu are the key
turmeric producing States, contributing over 80 per cent of Indias total production.
India's total turmeric exports in 2015-16 (Apr-Mar) up 3% to 88,500 tonnes, against 86,000 tonnes a year ago.
Value of turmeric exports, rose 24% to 92,165 lakh rupees, from 74,435 lakh rupees a year ago, according to
data from Spices Board of India. However, exports are higher than the board's target of 80,000 tonnes. As per
the recent report from Telangana Agriculture Department, turmeric sowing in the state as of 06th July 2016 was
around 21028 hectares as compared to last year same period 25516 hectares, Normal in season 48083 hectares
and normal as on date 21416 tonnes. Total stocks of turmeric in NCDEX accredited warehouses as on 06th July
2016 declined from previous day to 5622 tonnes.
area but may not affect the yield in Madhya Pradesh. As on 1st July, soybean sowing was recorded at 18.9 lakh
hectares, down 48.9% from a year ago as per the government data. Sowing progress in leading soybean
producers like Madhya Pradesh, Maharashtra, and Rajasthan, was down by 42%, 76%, and 59%, respectively
compared to last year. Data compiled by the Soybean Processors Association of India (Sopa) showed output at
7mt this time, against 10.4 mt the previous year, a decline of 27%.
Ref Soy oil Aug16 expiry closed 0.75% down to settle at Rs. 632.85/ 10 kg. Refine soyoil continue
its range bound to lower movement since last week due to steady demand in the physical market, Prices have
been under pressure due to sufficient supplies in the physical market and weak physical demand, which is
indicated by decline in edible oil imports last month. Moreover, sufficient stock in the physical market on report
of higher imports may weigh on prices at higher levels.
JEERA
Jeera aug contract closed 1.21% higher to close at Rs 18,315 per quintal.Arrivals were pegged at 2,000-2,500
bags (1 bag = 55 kg), down from 3,000 bags on Wednesday. Total stocks of jeera in NCDEX accredited
warehouses as on 06th July 2016 increased from previous day to 3542 tonnes and 660 tonnes are in process. As
per the recent report from Spices Board of India, Indias total exports of jeera fell the most, declining 37% on
year to 98,700 tonnes, and also lower than the board's target of 100,000 tonnes. According to trade sources,
India exported about 45,000 tonnes jeera in Apr-Jun 2016. And during 20th June to 26th June, jeera export
reports 2266 tonnes as compared to last week 1999 tonnes.
According to Dept of Commerce data, the exports of Jeera in the first month of 2016-17 increased by more than
50.7% at 13, 525 tonnes compared to last year same month. Moreover, export of jeera during 2015-16 is 93,078
tonnes compared to 1.56 lt exported last year same period. Devaluation of currencies in the buying countries and
appreciation of Indian currency combined with high prices have led to a steep decline in jeera exports in 201516. As per third advance estimate of Gujarat State for 2015-16, production is pegged at 2.13 lt higher by about
7% forecasted in revised fourth advance estimate of 1.97 lt. In 2013-14, production was 3.46 lt. Industrial buyers
have already sourced sufficient quantity for the domestic requirements but the export demand may pick up as
prices have been going down since last one month. In the next few months, the prices will depend on export
demand.
RM SEED
The European Commission on Friday cut its rapeseed harvest estimate by 5.5% to 20.8 million tonnes from 22
million, putting the crop at a four-year low. Yields were affected among others by the cold spell in April in
France, the pressure of disease following the excessive rainfalls of May-June in continental Western Europe and
dry conditions in northern-eastern Germany. Lower sown area is reported in Canada, Ukraine, the EU, and
China. Canada's canola may be on tight supplies as bad weather may cause concern over production in coming
season.
Mustard seed futures closed lower on profit booking and good progress
in monsoon pressurized oilseed market. The July contract ended 0.54% down to settle at Rs. 4,829 per quintal.
Market participants are expecting good physical demand in coming weeks. The mustard prices are moving in
range on anticipation of limited supplies during the monsoon and good demand for oil from industrial buyers.
LEGAL DISCLAIMER
This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment
Advisor Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital
Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This
document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital
Equity/Commodities Research opinion and is meant for general information only. Ways2Capital
Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the
contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities
that may arise from information, errors or omissions in this connection. This document is not to be considered as
an offer to sell or a solicitation to buy any securities or commodities.
All information, levels & recommendations provided above are given on the basis of technical & fundamental
research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion.
People surfing through the website have right to opt the product services of their own choices.
Any investment in commodity market bears risk, company will not be liable for any loss done on these
recommendations. These levels do not necessarily indicate future price moment. Company holds the right to
alter the information without any further notice. Any browsing through website means acceptance of disclaimer.
DISCLOSURE
High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies
covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures
that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have
resolved that the company and all its representatives will not make any trades in the market.
Clients are advised to consider information provided in the report as opinion only & make investment decision
of their own. Clients are also advised to read & understand terms & conditions of services published on website.
No litigations have been filed against the company since the incorporation of the company.
Disclosure Appendix:
The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt.
Ltd. All the views expressed in this report herein accurately reflects personal views about the subject company or
companies & their securities and no part of compensation was, is or will be directly or indirectly related to the
specific recommendations or views contained in this research report.