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Commodity Watch

25 Feb | 10:03PM
FUTURES PRICE

(Near month contract prices)
Crude oil futures rise on spot demand

Crude oil futures rise on spot demand

On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 57, or 1.25 per cent, at Rs 4,625 per barrel in 5,929 lots.

Silver futures up on spot demand

Silver futures up on spot demand

On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 180, or 0.26 per cent, to Rs 69,723 per kg in 7,407 lots.

Gold futures decline on low spot demand

Gold futures decline on low spot demand

On the Multi Commodity Exchange, gold for the April delivery fell Rs 151, or 0.32 per cent, to Rs 46,371 per 10 grams in a business turnover of 13,350 lots.

Zinc futures rise on spot demand

Zinc futures rise on spot demand

On the Multi Commodity Exchange, zinc contracts for March delivery traded higher by 85 paise, or 0.38 per cent, to Rs 226.95 per kg with a business turnover of 2,222 lots.

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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.
1308
Graph
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.
4600.0
4438.0
162.00
177.0
173.3
3.70
4636.0
4557.0
79.00
16400.0
16142.0
258.00
37395.0
37224.0
171.00
22120.0
22110.0
10.00
Disclaimer:These Strategies are not ET recommended its a market overview.

Hot/Cold Contract

 
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Silver futures up on spot demand
On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 180, or 0.26 per cent, to Rs 69,723 per kg in 7,407 lots.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Crude oil futures rise on spot demand
On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 57, or 1.25 per cent, at Rs 4,625 per barrel in 5,929 lots.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Zinc futures rise on spot demand
On the Multi Commodity Exchange, zinc contracts for March delivery traded higher by 85 paise, or 0.38 per cent, to Rs 226.95 per kg with a business turnover of 2,222 lots.
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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SPOT
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Crude palm oil becomes India's largest traded farm contract
According to data sourced from the Multi Commodity Exchange’s (MCX) website, the average daily turnover in the crude palm oil contract was Rs 273.60 crore. The daily volume averaged 39,068 tonnes, or over 5 per cent of the country’s monthly imports.
SPOT
COMMODITIES
PLACE
PRICE
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MCX cotton deposits up 285% in December 2020
"On 31st December 2020 cotton deposit was 80,250 bales and on 31st December was 20,825 bales," said MCX. The curru cotton season began on October 1.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Rising demand from oral care, pharma and confectionary cos to take mentha oil exports to pre-Covid levels
In April-September, India exported 18,000 tonnes, according to industry estimates. Exports picked up until October but slowed down after that because of the second wave of coronavirus and year-end holidays.

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