The top traded commodities in terms of quantity were Crude oil for March contract with 186,933 lots, Silver M for April contract with 138,695 lots, Copper for April contract with 137,839 lots, Silver for May contract with 103,179 lots and Silver MIC for April contract with 73,542 lots.
On the domestic front, Cardamom futures advanced in the domestic market on the back of pick-up in spot demand. Speculators increased their long positions at the lower price level, amid strengthening in demand. April future surged by Rs. 33.4, or 3.0%, to Rs. 1,147.00 per kg on the Multi Commodity Exchange (MCX). Moreover, restricted arrivals from the major producing regions also kept the prices in positive zone yesterday.
On the domestic front, Cardamom futures advanced in the domestic market on the back of pick-up in spot demand. Speculators increased their long positions at the lower price level, amid strengthening in demand. April future surged by Rs. 33.4, or 3.0%, to Rs. 1,147.00 per kg on the Multi Commodity Exchange (MCX). Moreover, restricted arrivals from the major producing regions also kept the prices in positive zone yesterday.
At Multi Commodity Exchange (MCX), Cardamom future for April contract closed at Rs. 1,140.60 per kg, up by 2.42%, after opening at Rs. 1,116.00 against the previous close price of Rs. 1,113.00. It touched the intra-day high of 1,147.00.
Yesterday, Copper futures prices gained for the first time in six days on the back of following firm global cues. March future surged as much as 2.57% to 427.75 per kg on the Multi Commodity Exchange (MCX). Copper for three month delivery advanced on the London Metal Exchange (LME) due to speculation that copper demand will rise in next three to six months due to reconstruction needs in Japan after the world’s strongest earthquake struck in the country.
Yesterday, Copper futures prices gained for the first time in six days on the back of following firm global cues. March future surged as much as 2.57% to 427.75 per kg on the Multi Commodity Exchange (MCX). Copper for three month delivery advanced on the London Metal Exchange (LME) due to speculation that copper demand will rise in next three to six months due to reconstruction needs in Japan after the world’s strongest earthquake struck in the country.
Demand for copper and lead are expected to rise in near future on power line and transformer replacement, as well as need for generators and batteries in Japan
At Multi Commodity Exchange (MCX), copper future for April contract closed at Rs. 421.65 per kg, up by 1.11%, after opening at Rs. 418.45 against the previous close price of Rs. 417.00. It touched the intra-day high of Rs. 427.75 per kg with a business volume of 137,839 lots.
While, copper future for May contract, at COMEX, closed at $4.1975 a pound, up by 1.46%, after opening at $4.1900 a pound against the previous close price of $4.1370 a pound. It touched the intra-day high of $4.2700 with a business volume of 57,238 lots.
At Multi Commodity Exchange (MCX), natural gas future for March contract closed at Rs. 179.30 per mmBtu, up by 0.33%, after opening at Rs. 180.40 against the previous close price of Rs. 178.70 per mmBtu. It touched the intra-day high of Rs. 181.70 with a business volume of 31,769 lots.
At Multi Commodity Exchange (MCX), crude oil future for March contract closed at Rs. 4,444.00 per barrel, down by 0.47%, after opening at Rs. 4,440.00 against the previous close price of Rs. 4,465.00. It touched the intra-day low of Rs. 4,382.00 with a business volume of 186,933 lots.
Crude oil for April future, at NYMEX, closed at $97.98 per barrel, up by 80 cents, after opening at $97.40 against the previous close price of $97.18. It touched the intra-day high of $99.60 with a business volume of 388,736 lots.
The Energy Information Administration (EIA) reported yesterday thatU.S. March 3, 2011 against the forecasts of 2.5 million barrels rise in the stockpiles.
At Multi Commodity Exchange (MCX), copper future for April contract closed at Rs. 421.65 per kg, up by 1.11%, after opening at Rs. 418.45 against the previous close price of Rs. 417.00. It touched the intra-day high of Rs. 427.75 per kg with a business volume of 137,839 lots.
While, copper future for May contract, at COMEX, closed at $4.1975 a pound, up by 1.46%, after opening at $4.1900 a pound against the previous close price of $4.1370 a pound. It touched the intra-day high of $4.2700 with a business volume of 57,238 lots.
At Multi Commodity Exchange (MCX), natural gas future for March contract closed at Rs. 179.30 per mmBtu, up by 0.33%, after opening at Rs. 180.40 against the previous close price of Rs. 178.70 per mmBtu. It touched the intra-day high of Rs. 181.70 with a business volume of 31,769 lots.
At Multi Commodity Exchange (MCX), crude oil future for March contract closed at Rs. 4,444.00 per barrel, down by 0.47%, after opening at Rs. 4,440.00 against the previous close price of Rs. 4,465.00. It touched the intra-day low of Rs. 4,382.00 with a business volume of 186,933 lots.
Crude oil for April future, at NYMEX, closed at $97.98 per barrel, up by 80 cents, after opening at $97.40 against the previous close price of $97.18. It touched the intra-day high of $99.60 with a business volume of 388,736 lots.
The Energy Information Administration (EIA) reported yesterday that
On the domestic front, Cardamom futures are trading with negative note on the back of profits booking by the speculators. Speculators reduced their long positions at the existing price level, amid weakening in demand. April future dropped by Rs. 10.6, or 0.92%, to Rs. 1,130.00 per kg on the Multi Commodity Exchange (MCX). Moreover, increased arrivals from the major producing regions also kept the prices in negative zone today.
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