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Commodity Watch

31 Oct | 09:20PM
FUTURES PRICE

(Near month contract prices)
Oil falls on demand concerns, posts second monthly decline

Oil falls on demand concerns, posts second monthly decline

U.S. West Texas Intermediate (WTI) crude fell 38 cents to settle at $35.79 a barrel, after dipping to its lowest since June on Thursday at $34.92.

Volatile oil prices poised for second monthly decline

Volatile oil prices poised for second monthly decline

U.S. West Texas Intermediate (WTI) crude fell 4 cents to $36.13 after dipping to its lowest since June on Thursday. It is on track for an 11% monthly decline while Brent heads for an 8% drop.

Indian jewellers gear up for next festival as gold sales pick pace

Indian jewellers gear up for next festival as gold sales pick pace

"Dussehra sales gave confidence to jewellers. They're now buying for Diwali," said a Mumbai-based dealer with a bullion importing bank.

Refined soya oil futures fall on low demand

Refined soya oil futures fall on low demand

Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.

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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.
1316
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.
60960.0
59836.0
1124.00
60924.0
59836.0
1088.00
248.2
244.6
3.60
5119.0
5082.0
37.00
19440.0
19320.0
120.00
40770.0
40722.0
48.00
50699.0
50699.0
.00
Disclaimer:These Strategies are not ET recommended its a market overview.

Hot/Cold Contract

 
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Indian jewellers gear up for next festival as gold sales pick pace
"Dussehra sales gave confidence to jewellers. They're now buying for Diwali," said a Mumbai-based dealer with a bullion importing bank.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Crude oil futures rise on spot demand
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
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Nickel futures slide on tepid demand
Analysts said subdued demand in spot market mainly led to the fall in nickel futures prices.
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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.
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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.
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Indian cotton exports likely to rise 20%-30% on higher global demand
“Indian cotton is the cheapest in the world compared to the US, Brazil and Australia and hence we see the trend of increased buying from Vietnam, Bangladesh, Indonesia and China. Spinning mills in these countries have started running at full capacity, as retail sale of apparels is picking up,” said Atul Ganatra, president, Cotton Association of India.
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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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