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Commodity Watch

06 Jun | 12:20AM
FUTURES PRICE

(Near month contract prices)
Gold bond issue price fixed at Rs 4,677/gm of gold

Gold bond issue price fixed at Rs 4,677/gm of gold

Sovereign Gold Bonds 2020-21 will be issued by RBI on behalf of the Government of India.

MF schemes can't invest in physical goods except gold: Sebi

MF schemes can't invest in physical goods except gold: Sebi

ETCDs having gold as the underlying asset would be considered as 'gold-related instrument' for gold ETFs.

Opec+ to meet Saturday on extending cuts, pushing for compliance

Opec+ to meet Saturday on extending cuts, pushing for compliance

Cuts have been due to taper to 7.7 million bpd from July to December.

Crude oil prices climb 5% on US jobless drop, Opec+ meeting hopes

Crude oil prices climb 5% on US jobless drop, Opec+ meeting hopes

US West Texas Intermediate (WTI) crude futures rose $1.65, or 4.4 per cent, to $39.02 a barrel.

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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.
1050.0
904.5
145.50
4614.0
4129.0
485.00
433.8
388.3
45.50
975.4
892.0
83.40
2994.0
2826.0
168.00
164.3
155.15
9.15
16720.0
15870.0
850.00
34000.0
33600.0
400.00
3680.0
3646.0
34.00
46750.0
46525.0
225.00
Disclaimer:These Strategies are not ET recommended its a market overview.

Hot/Cold Contract

 
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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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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.
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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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