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Commodity Watch
25 Feb | 12:57PM
FUTURES PRICE(Near month contract prices)
Oil prices hit 11-mth highs on tighter supplies, Fed assurance on low rates
Brent crude futures for April gained 19 cents, 0.3 per cent, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1 per cent.
Gold rate falls below Rs 46,500; silver flirts with Rs 70,000
Benchmark US Treasury yields hovered near the one-year peak hit in the previous session. Higher yields increases the opportunity cost of holding a non-yielding bullion.
Gold eases as firmer US Treasury yields weigh
SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.4% to 1,106.36 tonnes on Wednesday from 1,110.44 tonnes on Tuesday.
Gold falls Rs 148, silver declines Rs 886
In the international markets, gold prices were trading steady at $1,807 an ounce and silver was almost flat at $27.63.
Top News
Gold gains as Fed Chair Powell defends loose monetary policy Reign of high oil prices is here to stay, say analysts Rising crude good for producer stocks, not so for consuming cos, fuel retailers Oil slips after US crude stocks rise amid deep freeze hit to refiners Oil holds near year-long highs as Covid lockdowns seen easing Gold steadies as dollar falters on Powell testimony Pre-expiry margin on commodities from April 1
Commodity strategies: Gold, silver, crude, base metals
Bullion prices traded under pressure with rise in US bond yields despite of dovish stance from US Fed chairman Jerome Powell, as he signalled accommodative policy for next couple of years to support economic recovery.
Calendar Spread
(Far - Near month contract)
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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.(Far - Near month contract)
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.Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price
Disclaimer:These Strategies are not ET recommended its a market overview.
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Gold rate falls below Rs 46,500; silver flirts with Rs 70,000
Benchmark US Treasury yields hovered near the one-year peak hit in the previous session. Higher yields increases the opportunity cost of holding a non-yielding bullion.
Benchmark US Treasury yields hovered near the one-year peak hit in the previous session. Higher yields increases the opportunity cost of holding a non-yielding bullion.
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Crude oil futures rise by Rs 69 on spot demand
On MCX, crude oil for February delivery traded 1.56% higher at Rs 4,483 per barrel .
On MCX, crude oil for February delivery traded 1.56% higher at Rs 4,483 per barrel .
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Copper futures fall on weak demand
Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.
Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.
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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.
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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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.
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.
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Soybeans recover from 3-1/2-week low; wheat faces headwinds
Wheat prices were little changed after two sessions of losses, while corn ticked higher.
Wheat prices were little changed after two sessions of losses, while corn ticked higher.
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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.
"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.
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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.
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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