PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact



Commodity Research Report 01 May 2018 Ways2Capital .pdf



Original filename: Commodity Research Report 01 May 2018 Ways2Capital.pdf
Author: w2c

This PDF 1.5 document has been generated by Microsoft® Office Publisher 2007, and has been sent on pdf-archive.com on 01/05/2018 at 12:20, from IP address 111.118.x.x. The current document download page has been viewed 559 times.
File size: 2.4 MB (13 pages).
Privacy: public file




Download original PDF file









Document preview


HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

Market Wrap-Up
MCX Market Wrap-Up
Commodity

Contract

Previous
Close

Open

High

Low

Close

% Change in
Price

% Change in
Open Interest

% Change
in Volume

Aluminium

31-May-18

166.40

168.00

169.60

146.40

149.10

-10.40%

-51.35%

-32.27%

Copper

29-Jun-18

464.15

467.35

417.10

452.30

454.00

-2.19%

9.45%

69.45%

Crude Oil

21-May-18

4531

4543

4617

4468

4547

0.35%

4.88%

-15.42%

Gold

05-Jun-18

31432

31370

31430

31126

31211

-0.70%

-7.76%

-16.02%

Lead

31-May-18

155.85

156.25

157.50

153.50

157.00

0.74%

-6.80%

4.96%

Natural Gas

25-May-18

184.30

183.90

191.00

183.00

186.00

0.92%

-22.67%

155.53%

Nickel

31-May-18

984.10

984.10

987.10

922.20

925.90

-5.91%

-12.43%

-38.02%

Silver

04-May-18

40479

40287

40345

38975

39004

-3.64%

5.39%

30.01%

Zinc

31-May-18

215.35

216.30

217.30

206.45

209.75

-2.60%

-2.47%

15.73%

NCDEX Market Wrap-Up
Contract

Previous
Close

Open

High

Low

Castor Seed

18-May-18

4142

4149

4149

4000

Chana

18-May-18

3673

3683

3688

Dhaniya

18-May-18

5101

5100

5118

COCUDAKL

18-May-18

1344.50

Guargum5

18-May-18

9140

Guarseed10

18-May-18

4197.50

Jeera

18-May-18

16060

16050

16080

15555

Kapas

30-Apr-18

891.00

875.00

891.50

RMseed

18-May-18

3925

3937

Ref Soya Oil

18-May-18

776.65

Soyabean

18-May-18

Turmeric
Mentha Oil

Commodity

% Change
in Price

% Change in
Open Interest

% Change in
Volume

4010

-3.19%

11.10%

59.85%

3490

3510

-4.44%

7.87%

68.43%

4768

4795

-6.00%

6.82%

46.86%

-11.86%

6.57%

73.85%

-4.56%

-0.32%

111.73%

-5.66%

5.48%

56.16%

15670

-2.43%

3.83%

80.81%

854.00

861.50

-3.31%

-62.67%

-69.04%

3945

3731

3925

0.00%

9.63%

102.02%

774.80

776.50

761.10

762.50

-1.82%

8.47%

9.63%

3760

3765

3765

3591

3622

-3.67%

-3.00%

161.90%

18-May-18

6882

6948

7106

6710

6926

0.64%

3.81%

113.38%

31-May-18

1220.10

4.29%

-10.26%

-5.42%

1334.00 1336.50
9166

1182.00 1185.00

9180

4202.00 4225.00

1240.30 1289.00

Close

8723

8723

3960.00 3960.00

1231.00 1272.40

Currency Market Wrap-Up
Contract

Previous
Close

Open

High

Low

Close

Change in
Price (in%)

USDINR

29-May-18

66.3575

66.4675

67.1850

66.4200

66.8950

0.81%

GBPINR

29-May-18

93.4350

93.3800

93.8400

92.1900

92.2475

-1.27%

JPYINR

29-May-18

61.7450

61.7000

61.8550

61.2300

61.2750

-0.76%

EURINR

29-May-18

81.7975

81.7150

82.1125

80.9750

81.0150

-0.96%

Currency Pair

Continued…….

2

Copyright © 2018 Ways2Capital. All rights reserved

01/05/2018

Market Wrap-Up
International Market Wrap-up
Exchange

Previous
Close

Open

High

Low

Close

% Change in Price

LME

2473.25

2481.25

2534.25

2186.50

2228.25

-9.91%

Copper

COMEX

3.131

3.137

3.167

3.029

3.051

-2.56%

Crude Oil

NYMEX

68.38

68.21

69.36

67.11

68.02

-0.53%

Gold

COMEX

1338.30

1337.60

1337.60

1316.30

1324.40

-1.04%

Lead

LME

2336.00

2350.50

2359.25

2276.00

2347.00

0.47%

NYMEX

2.739

2.768

2.843

2.740

2.771

1.17%

Nickel

LME

14850.00

14857.50

14875.00

13807.50

13865.00

-6.63%

Silver

COMEX

17.147

17.115

17.135

16.385

16.470

-3.95%

Zinc

LME

3241.25

3233.25

3270.50

3084.25

3132.50

-3.36%

Commodity
Aluminium

Natural Gas

3

Copyright © 2018 Ways2Capital. All rights reserved

01/05/2018

Inventory Updates
LME Inventory
Closing In Tonnes
(As on 27th April 2018)

Closing In Tonnes
(As on 20th April 2018)

% Change in Price

Copper

342250

355150

-3.63%

Nickel

309594

314328

-1.51%

Lead

129800

129500

0.23%

Zinc

228150

186825

22.12%

Aluminium

1362750

1404350

-2.96%

Commodity

Continued…….

4

Copyright © 2018 Ways2Capital. All rights reserved

01/05/2018

Inventory Updates

5

Copyright © 2018 Ways2Capital. All rights reserved

01/05/2018

Market Next Week
Economic Events Calendar
Time

Curreny

Event

Forecast

Previous

All Day

CNY

Monday, April 30, 2018
Holiday China - Labour Day

-

-

6:30

CNY

Manufacturing PMI (Apr)

51.3

51.5

6:30

CNY

Non-Manufacturing PMI (Apr)

-

54.6

18:00

USD

Core PCE Price Index (YoY) (Mar)

1.90%

1.60%

19:15

USD

Chicago PMI (Apr)

57.90

57.40

19:30

USD

Pending Home Sales (MoM) (Mar)

0.90%

3.10%

-

-

Tuesday, May 1, 2018
All Day

CNY

China - Labour Day

14:00

GBP

Manufacturing PMI (Apr)

54.80

55.10

19:30

USD

ISM Manufacturing PMI (Apr)

58.4

59.3

Wednesday, May 2, 2018
7:15

CNY

Caixin Manufacturing PMI (Apr)

50.8

51

17:45

USD

ADP Nonfarm Employment Change (Apr)

203K

241K

20:00

USD

Crude Oil Inventories

-

2.170M

23:30

USD

FOMC Statement

-

-

23:30

USD

Fed Interest Rate Decision

1.75%

1.75%

53.5

51.7

Thursday, May 3, 2018
14:00

GBP

Services PMI (Apr)

18:00

USD

Initial Jobless Claims

225K

209K

18:00

USD

Nonfarm Productivity (QoQ) (Q1)

0.90%

2.70%

18:00

USD

Trade Balance (Mar)

-50.00B

-57.60B

19:15

USD

Services PMI (Apr)

-

54.4

19:30

USD

Durable Goods Orders (MoM)

-

2.60%

19:30

USD

ISM Non-Manufacturing Employment (Apr)

-

56.6

19:30

USD

ISM Non-Manufacturing PMI (Apr)

58.2

58.8

18:00

USD

Average Hourly Earnings (MoM) (Apr)

0.20%

0.30%

18:00

USD

Nonfarm Payrolls (Apr)

195K

103K

18:00

USD

Private Nonfarm Payrolls (Apr)

195K

102K

18:00

USD

Unemployment Rate (Apr)

4.00%

4.10%

Friday, May 4, 2018

Friday, May 4, 2018
18:00

USD

Average Hourly Earnings (MoM) (Apr)

0.20%

0.30%

18:00

USD

Nonfarm Payrolls (Apr)

195K

103K

18:00

USD

Private Nonfarm Payrolls (Apr)

195K

102K

18:00

USD

Unemployment Rate (Apr)

4.00%

4.10%

S2

S3

Currency Weekly Pivots
Currency Pair

Contract

R3

R2

R1

PP

S1

USDINR

29-May-18

68.4000

67.6000

67.3000

66.8500

66.5000

66.1000

65.3000

GBPINR

29-May-18

96.0500

94.4000

93.3000

92.7500

91.6500

91.1000

89.4500

JPYINR

29-May-18

62.7000

62.1000

61.6500

61.4500

61.0500

60.8500

60.2000

EURINR

29-May-18

83.6500

82.5000

81.7500

81.3500

80.6000

80.2000

79.1000
Continued…….

6

Copyright © 2018 Ways2Capital. All rights reserved

01/05/2018

Market Next Week
MCX Weekly Pivots
Commodity

Contract

R3

R2

R1

PP

S1

S2

S3

Aluminium

31-May-18

201.00

178.00

164.00

155.00

141.00

132.00

109.00

Copper

29-Jun-18

371

406

430

441

465

476.00

512.00

Crude Oil

21-May-18

4842

4693

4620

4544

4471

4395

4246

Gold

05-Jun-18

31864

31560

31385

31256

31081

30952

30648

Lead

31-May-18

164.00

160.00

159.00

156.00

155.00

152.00

148.00

Natural Gas

25-May-18

203.00

195.00

190.00

187.00

182.00

179.00

171.00

Nickel

31-May-18

1075

1010

968

945

903

880

815

Silver

04-May-18

42181

40811

39908

39441

38538

38071

36701

Zinc

31-May-18

233.00

222.00

216.00

211.00

205.00

200.00

189.00

NCDEX Weekly Pivots
Commodity

Contract

R3

R2

R1

PP

S1

S2

S3

Castor Seed

18-May-18

4351

4202

4106

4053

3957

3904

3755

Chana

18-May-18

3959

3761

3635

3563

3437

3365

3167

Dhaniya

18-May-18

5594

5244

5019

4894

4669

4544

4194

COCUDAKL

18-May-18

1544

1389

1287

1235

1133

1080

926

Guargum5

18-May-18

9789

9332

9028

8875

8571

8418

7961

Guarseed10

18-May-18

4578

4313

4137

4048

3872

3783

3518

Jeera

18-May-18

16818

16293

15982

15768

15457

15243

14718

Kapas

30-Apr-18

944

907

884

869

847

832

794

RMseed

18-May-18

4295

4081

4003

3867

3789

3653

3439

Ref Soya Oil

18-May-18

798

782

772

767

757

751

736

Soyabean

18-May-18

4007

3833

3728

3659

3554

3485

3311

Turmeric

18-May-18

7706

7310

7118

6914

6722

6518

6122

Mentha Oil

31-May-18

1380

1322

1297

1264

1239

1206

1148

7

Copyright © 2018 Ways2Capital. All rights reserved

01/05/2018

MCX Fundamentals
BULLION
Last week, spot gold prices rose 1.4 percent to trade at $1316 per ounce while MCX
gold prices declined 1 percent although rupee depreciation of around 0.9 percent
cushioned sharp downfall. Spot silver prices declined around 4 percent to close at
$16.5 per ounce in line with fall in gold and base metals prices while stronger dollar
index also exerted downside pressure on silver. Stronger US dollar and lofty bond
yields have dampened the interest in bullion for traders and investors across the
globe. Growing supply of US government debt and inflationary pressures from rising oil prices have pushed the yields on the 10 year bond yields above 3 percent for
the first time in four years.

BASE METALS
LME Copper prices plunged 2.6 percent while MCX prices fell 2.3 percent last week
as dollar surged to three and half month highs buoyed by rising bond yields above
3% for the first time since 2014. The rise in yields was a result of expectations that
the Fed would raise interest rates more aggressively to combat inflation. Further
downside was limited as failed negotiations at Escondida mine in Chile and Grasberg in Indonesia, world's biggest Copper mines, supported the red metal. Aluminium led the losses in base metals, down by a whopping 10 percent last week, after
the US extended deadline given to American customers of Rusal to comply with
the sanctions, from June to October 2018. Nickel was the second worst performer
since the fears of sanction extension to Norilsk Nickel eased.

ENERGY

WTI oil prices declined by around 0.8 percent last week while MCX oil prices rose
marginally by 0.2 percent in the same time frame. Risk of renewed U.S. sanctions
on Iran, plunging Venezuelan output, and robust global demand shook off the effects of a strong dollar on oil prices.

8

Copyright © 2018 Ways2Capital. All rights reserved

01/05/2018

NCDEX Fundamentals
SPICES
Turmeric futures prices registered sharp gains during its trade in last week.
Prices traded higher on expectations of good demand in the coming days. Further, report of strong export demand is a positive factor for turmeric futures
prices.
Dhaniya futures traded higher to stage recent recovery from their continuous
recent fall on profit booking. However, recovery was limited tracking weaker
demand side at the spot markets. Arrivals at the spot market are higher due
to peak harvesting season with limited buying demand

OIL & OILSEEDS
NCDEX Refined soy oil dropped 0.5% last week tracking firmness in Indian
currency. Moreover, limited buying at physical market also weighed on
prices last week RM Seed futures traded down on limited buying at physical
market. Most active May contract of RM seed traded at NCDEX closed the
day at Rs.3831/quintal, lower by 0.05% against the previous close. Soybean
futures extended its gains following firmness in CBOT soybean futures.
CBOT soybean futures gained substantially after President Donald Trump's
confirmation in last week that he would send a high-ranking team to China
to start negotiations on trade dispute with China.

GUAR COMPLEX
Prospects of a normal monsoon for the third consecutive year kept pressure
on the market sentiments for Guar as prices failed to hold above the 9000
mark. Firmness in crude oil prices and a firm Dollar vs Rupee kept supporting
market sentiments. But good monsoon reports amidst higher stocks limited
the uptrend. Strength in crude oil will keep export demand of guar gum quite
stable. Consumption of drilling chemicals is increasing with rising

OTHERS
The near term fundamentals for RM seed are most likely to restrict the upside movement in coming sessions. As per the charts, the May contract is
now expected to find tough in sustaining above 3835- 3850. RM seed could
not sustain at higher levels and settled even below 3800 support. On daily
basis the May contract was down roughly 2%. The good Monsoon reports
and ongoing arrival season are keeping sentiments bearish for RM seed also
since it would imply better sowing prospects during its planting season of Oct
-Nov.
9

Copyright © 2018 Ways2Capital. All rights reserved

01/05/2018


Related documents


PDF Document equity research report 11 january 2016 ways2capital
PDF Document equity research report 14 march 2016 ways2capital
PDF Document equity research report 08 february 2016 ways2capital
PDF Document equity research report ways2capital 04 april 2016
PDF Document equity research report 01 february 2016 ways2capital
PDF Document equity research report 21 december 2015 ways2capital


Related keywords