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Commodity Watch

02 Jun | 05:19PM
FUTURES PRICE

(Near month contract prices)
Hummingbird Resources joins WGC's board of members

Hummingbird Resources joins WGC's board of members

As part of joining the World Gold Council, the company has agreed to adopt and adhere to the Responsible Gold Mining Principles.

Crude oil prices rise before Opec+ meeting about extending output cuts

Crude oil prices rise before Opec+ meeting about extending output cuts

US West Texas Intermediate (WTI) crude climbed 2 per cent, or 72 cents, to $36.16 a barrel.

Gold prices slip on strong equities; trade jitters, US unrest limit losses

Gold prices slip on strong equities; trade jitters, US unrest limit losses

US gold futures were steady at $1,750.

Received good response to RTM, says IEX

Received good response to RTM, says IEX

The real time market traded 3.41 million units of volume in 48 auction sessions on day one of the launch.

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Calendar Spread

(Far - Near month contract)
Commodities
SPREAD (Rs)
CHART (Day)
Calendar Spread
(Far - Near month contract)
Calendar Spread means entering a long and short position on the same underlying asset futures but with different delivery months. The strategy to play with calendar spread is to understand how much premium/discount two different contracts are trading at.
Disclaimer:These Strategies are not ET recommended its a market overview.
(Near Month Futures - Spot Price)
COMMODITIES
FUTURES (Rs)
SPOT (Rs)
PREM/DISC
Calender Spread
Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price
Its relevance in derivatives market is to understand the trend whether it’s bullish or bearish. Moreover it helps arbitrageurs and hedgers to decide on cost of carry.
50771.0
36871.0
13900.00
50370.0
36871.0
13499.00
1050.0
898.0
152.00
37970.0
32923.0
5047.00
47025.0
40989.0
6036.00
4734.0
4129.0
605.00
421.7
388.3
33.40
957.3
892.0
65.30
161.15
155.15
6.00
16220.0
15830.0
390.00
Disclaimer:These Strategies are not ET recommended its a market overview.

Hot/Cold Contract

 
SPOT
COMMODITIES
PLACE
PRICE
UNIT
High local prices may hit cardamom exports
India’s cardamom exports plunged 72 per cent year-on-year to 405 tonnes in the six months to September 2019.
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Malaysia cuts crude palm oil export duty for May to 4.5%
The world's second-largest producer and exporter of palm oil calculated a reference price of 2,460.89 ringgit per tonne.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
SPOT
COMMODITIES
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Mentha oil price hits season low; outlook bearish
Stocks of mentha oil at MCX-accredited warehouse declined to 77,799.35 kg by February 11 against 88,601.70 kg a week earlier.

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