Rmseed Prices Gained Amid Reports On Diminishing Stocks

Rmseed trading range for the day is 3913-4055.

Rmseed prices gained amid reports on diminishing stocks with farmers.

India’s mustard acreage is likely to rise 6.5% on year to 6.7 mln ha in 2018-19, as per the estimates.

NCDEX accredited warehouses mustard seed stocks dropped by 516 tonnes to 5686 tonnes.

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Zinc Prices Gained On Worries That Weak Refined Output In China

Zinc trading range for the day is 188.8-194.4.

Zinc prices gained on worries that weak refined output in China could send the global market into deficit.

Global mine production is expected to climb by 6.4 percent this year, up from only about 2 percent in 2018.

The forecasted global zinc deficit for 2019 to 50,000 tonnes from 31,000 tonnes.

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Crude Oil Trading Range For The Day Is 3747-4003

Crude oil trading range for the day is 3747-4003.

Crude oil gained boosted by U.S. government data that showed signs of tightening supply, as investors remained concerned about supply disruptions.

Government data showed U.S. crude oil stockpiles rose less than expected last week due to a drop in imports, while gasoline inventories fell from record highs.

Saudis planning on further reducing oil output, exports next month.

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Gold Prices Steadies Amid Uncertainty Over U.S.-China Trade

Gold trading range for the day is 32743-33067.

Gold prices steadies amid uncertainty over U.S.-China trade relations and as Federal Reserve kept rates on hold.

Fed held interest rates steady but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the U.S. economic outlook.

Investors are also concerned that criminal charges against China’s Huawei Co.. for violating U.S. sanctions against Iran could complicate U.S.-China trade talks.

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Chana Prices Gained On Short Covering After Prices Dropped Due To Weak

Chana trading range for the day is 4164-4286.

Chana prices gained on short covering after prices dropped due to weak demand and abundant supplies in the physical market.

Chana acreage registered a fall of 10% on year to 9.6 million hectares due to lower monsoon rains in major producing centres.

NCDEX accredited warehouses Chana stocks dropped by 229 tonnes to 7485 tonnes.

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Copper Prices Gained As Investors Focusing On U.S.-China Trade

Copper trading range for the day is 420.6-436.4.

Copper prices gained as investors focusing on U.S.-China trade talks and a U.S. Federal Reserve meeting.

China's imports of unwrought copper and copper products saw a larger year-over-year decline in December.

China imported 431,000 mt of unwrought copper and copper semis in December, down 6.3% month on month and 4.22% year on year.

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Silver Trading Range For The Day Is 39735-40607

Silver trading range for the day is 39735-40607.

Silver edged up as the dollar weakened ahead of a two-day U.S. Federal Reserve meeting, which will likely keep interest rates steady.

Some U.S. central bank officials have said they will be patient in raising rates given the stalemate over global trade and the U.S. federal government shutdown

The rally came as the dollar continued to sink on bets that Fed Chairman Powell might sound another dovish note in his news conference.

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Gold Rose As Investors Shun Riskier Assets On Worries Over Escalation

Gold trading range for the day is 32401-33189.

Gold rose as investors shun riskier assets on worries over escalation in Sino-U.S. trade tensions.

The U.S. Federal Reserve's two-day policy meeting begins later in the day, where the central bank is expected to leave interest rates unchanged.

The Fed raised interest rates four times last year, but some officials have said they will be patient in raising rates given the stalemate over global trade.

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Turmeric Prices Gained On Short Covering Due To Expectations

Turmeric trading range for the day is 6402-6598.

Turmeric prices gained on short covering due to expectations of rise in demand and concerns over crop yield.

However, upside seen limited on expectations of increase in arrivals at the spot markets in the coming days with better moisture content.

In Telangana, turmeric sowing was reported at 47,791 hectares as compared to 44,956 hectares in the corresponding period last year.

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Natural Gas Trading Range For The Day Is 201.6-212.4

Natural Gas trading range for the day is 201.6-212.4.

Natural gas plunged on forecasts for warmer-than-normal weather next week despite predictions for arctic cold and record demand later this week.

Meteorologists expect the eastern half of the United States will freeze on WednesdayFriday.

Production, meanwhile, rose over the weekend as Enbridge Inc restored flows through some of the pipes in the area around an explosion in Ohio last week.

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Silver Trading Range For The Day Is 39475-40317

Silver trading range for the day is 39475-40317.

Silver prices rose ahead of a U.S. Federal Reserve meeting where the central bank is widely expected to leave interest rates unchanged.

Fed will conclude its two-day policy meeting on Wednesday and is widely expected to hold rates steady after raising them in December for the fourth time in 2018.

The ongoing trade negotiations between the U.S. and China is also expected to be a major focus, as the two sides try to reach a trade deal.

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Gold Prices Held Steady On Hopes The U.S. Federal Reserve

Gold trading range for the day is 32243-32741.

Gold prices held steady on hopes the U.S. Federal Reserve will keep interest rates unchanged during its two-day policy meeting later in the week.

The Fed raised interest rates times last year and has signalled it will probably lift borrowing costs twice in 2019.

Hedge funds and money managers raised their net long position in Comex gold in the week to Dec. 18, the U.S. Commodity Futures Trading Commission.

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CPO Trading Range For The Day Is 553.2-564.2

CPO trading range for the day is 553.2-564.2.

Crude palm oil prices gained amid rise in overseas prices as production and stocks fall in line with a seasonal trend.

Indonesian palm oil prices are also forecast to rise to as high as $600 a tonne amid rising demand, slowing production growth and declining global stockpiles.

Malaysian palm oil shipments during Jan. 1-20 rose 11.8-12.9 percent from a month earlier.

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Zinc Prices Gained On Worries That Weak Refined Output In China

Zinc trading range for the day is 183.2-195.4.

Zinc prices gained on worries that weak refined output in China could send the global market into deficit.

China 2018 zinc output down 3.2 percent y/y at 5.68 million tonnes - stats bureau

China’s imports of refined zinc stood at 93,800 mt in December, down 17.4% month on month and 7.02% year on year.

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Silver Trading Range For The Day Is 38677-40217

Silver trading range for the day is 38677-40217.

Silver gained amid a sudden surge in uncertainties surrounding the U.S.- China trade talks and weak global economic data also remained in focus.

White House Adviser Kudlow said President Trump is optimistic about trade talks, adding that he expected the January jobs report would be up a significant amount.

The German government has cut its economic growth forecast for 2019 to 1.0 percent from 1.8 percent, parliamentary and government sources said.

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Gold Prices Gained Amid Concerns That A Prolonged U.S. Government

Gold trading range for the day is 31872-32618.

Gold prices gained amid concerns that a prolonged U.S. government shutdown could exacerbate an already slowing global growth.

US and China are "miles and miles" from resolving trade issues, but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said.

A synchronised global economic slowdown is under way and any escalation in the U.S.-China trade war would trigger a sharper downturn.

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Jeera Prices Remained Under Pressure Due To Positive Crop

Jeera trading range for the day is 16180-16660.

Jeera prices remained under pressure due to positive crop prospects due to favourable weather conditions.

However, downside seen limited on reports of deficient rainfall in key producing region of Gujarat like Saurashtra and Kutch.

NCDEX accredited warehouses jeera stocks dropped by 51 tonnes to 260 tonnes.

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Crude Oil Gained Boosted By The U.S. Threat Of Sanctions On Venezuela.

Crude Oil trading range for the day is 3675-3863.

Crude oil gained boosted by the U.S. threat of sanctions on Venezuela.

U.S. crude inventories sharply rose by 8 million barrels last week, the Energy Information Administration said.

Russia & Saudi Arabia Energy Ministers canceled their planned meeting to discuss their recent agreement to curb oil production reached due to “scheduling conflicts.”

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Silver Dropped As Firmer Dollar Dulled The Demand Despite

Silver trading range for the day is 38654-39254.

Silver dropped as firmer dollar dulled the demand despite of uncertainties surrounding a government shutdown in the United States and its trade relations with China.

Data revealed that the weekly number of Americans applying for unemployment benefits fell below 200,000 for the first time since 1969.

The U.S. economy could register zero growth in the first three months of 2019 if the partial government shutdown lasts the whole quarter.

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Gold Trading Range For The Day Is 31878-32218

Gold trading range for the day is 31878-32218.

Gold dropped due to firmer dollar, but investors keeping watch over the impact of the partial shutdown of the U.S. government and ongoing U.S.-China trade dispute.

ECB President Draghi acknowledged that risks to euro zone growth had shifted to the downside due to possible fall-out from factors ranging from China’s slowdown to Brexit.

U.S. Commerce Secretary Wilbur Ross said the United States and China were "miles and miles" from resolving their trade dispute.

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Cotton Dropped On Profit Booking After Prices Gained Amid

Cotton trading range for the day is 20560-20880.

Cotton dropped on profit booking after prices gained amid reports of lower production from major producing regions during current year.

Cotton Association of India cuts 2018-19 production estimate by 5.25 lakh bales this month to 335 lakh bales for the year 2018-19.

The CAI has reduced the crop estimate for Gujarat by 1.50 lakh bales and for Maharashtra and Telangana by 2 lakh bales each.

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Copper Prices Traded In Range Amid Concerns Over Trade Dispute

Copper trading range for the day is 415.9-424.9.

Copper prices traded in range amid concerns over trade dispute between Washington and Beijing.

China's December refined copper output rose by 4.5 percent year-on-year to 839,000 tonnes, its highest monthly total in 2018.

IMF cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the Eurozone.

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Silver Prices Settled Flat As Investors Opted To Rotate

Silver trading range for the day is 38727-39505.

Silver prices settled flat as investors opted to rotate out of the safe-haven asset in favor of stocks.

However, downside seen limited prolonged partial U.S. government shutdown and expectations that the Federal Reserve will hold its multi-year rate hike cycle.

Fed's Kudlow: Economic recovery will be 'immediate' when the US government reopens.

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Gold Prices Held Steady Amid Concerns Over The Slowing Global Economy

Gold trading range for the day is 31978-32298.

Gold prices held steady amid concerns over the slowing global economy along with uncertainty about the trade dispute between the United States and China.

Disappointing economic data from US and Japan added to the sense of an overall slowdown. U.S. home sales tumbled to their lowest in three years in December.

Fed's Kudlow states that there has been 'no cancellation' of trade talks with China, contradicting earlier reports.

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Crude Palm Oil Gained Tracking Firmness In Spot Demand

CPO trading range for the day is 548.8-563.

Crude palm oil gained tracking firmness in spot demand and overseas prices supported as production and stocks fall in line with a seasonal trend.

Indonesian palm oil prices are also forecast to rise to as high as $600 a tonne amid rising demand, slowing production growth and declining global stockpiles.

Malaysian palm oil shipments during Jan. 1-20 rose 11.8-12.9 percent from a month earlier.

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Ref.Soya Oil Prices Ended With Gains On Persistent

Ref.Soya oil trading range for the day is 756-778.

Ref.Soya oil prices ended with gains on persistent demand in spot markets.

Lower imports in the first two months of the current oil year amid rising seasonal demand lent support to prices.

India imported 289,000 tons soyoil during November-December 2018 as against 353,000 ton a year, showed data.

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Silver Trading Range For The Day Is 38581-39375

Silver trading range for the day is 38581-39375.

Silver prices gained after as worries about a global economic slowdown boosted appetite for safe haven assets.

The IMF predicted the global economy would grow at 3.5% in 2019 and 3.6% in 2020, down 0.2 and 0.1% respectively from last October's forecasts.

China said that its economy expanded 6.6% in 2018, meeting expectations but slower than 6.8% in 2017.

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Gold Bounced Back As Mounting Concerns Of An Economic

Gold trading range for the day is 31867-32341.

Gold bounced back as mounting concerns of an economic slowdown exacerbated by a cut in the IMFs global growth forecast drove investors to the safety of bullion.

Fed officials have left little doubt that they want to stop raising interest rates, at least for a while.

China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest level in nearly three decades.

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Aluminium Dropped After Data Showed Weaker Economic Growth

Aluminium trading range for the day is 129.8-135.2.

Aluminium dropped after data showed weaker economic growth and on expectations of slowing activity ahead of the Lunar New Year holiday.

China's primary aluminium output defied low prices to rise for a second straight month to a record high in December.

The world's top producer churned out more than 3 million tonnes in a month for the first time, undeterred by aluminium prices at two-year lows.
 

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Natural Gas Trading Range For The Day Is 217.8-246.4

Natural gas trading range for the day is 217.8-246.4.

Natural gas on MCX settled down -3.65% at 229.50 on fresh selling as prices retraced some of the gains experienced last week.

Colder than normal weather is expected to cover most of the mid-west and east coast for the next 2-week.

The U.S. Energy Department's weekly inventory release showed a bigger-than-expected decrease in natural gas supplies.

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Silver Prices Dropped As Investors Awaited Further News

Silver trading range for the day is 38549-39393.

Silver prices dropped as investors awaited further news on trade talks for signs of a resolution in the U.S.-China dispute.

The U.S. dollar got a lift from investors taking on more risk due to growing hopes for a resolution in the China-U.S. trade war.

Reported said U.S. Treasury Secretary Steven Mnuchin was considering lifting some tariffs imposed on Chinese imports.

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Gold Prices Slipped As A Firm Dollar And Greater Risk Appetite

Gold trading range for the day is 31864-32284.

Gold prices slipped as a firm dollar and greater risk appetite outweighed support from an expected pause to increases in U.S. interest rates.

Federal Reserve officials have left little doubt that they want to stop raising interest rates – at least for a while.

Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade.

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Crude Palm Oil Gained Tracking Firmness In Spot Demand

CPO trading range for the day is 548-555.6.

Crude palm oil gained tracking firmness in spot demand and overseas prices on forecast of declining production in the coming months and improving export data.

Palm oil output in Malaysia, the world's second-largest producer, is forecast to rise to 20.3 million tonnes this year.

Indonesia's palm oil production is expected to rise by 10 percent this year, the country's industry association said.

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Crude Oil Trading Range For The Day Is 3701-3949

Crude oil trading range for the day is 3701-3949.

Crude oil prices rise after a report from OPEC showed its production fell sharply last month, easing fears about prolonged oversupply.

Monday, January 21, 2019 OPEC cut oil output sharply in December before a new accord to limit supply took effect on Jan. 1, it said.

OPEC said in its monthly report that its oil output fell by 751,000 bpd in December to 31.58 million bpd, the biggest month-on-month drop in almost two years.

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Silver Prices Dropped As Investors Pushed Into Riskier Assets

Silver trading range for the day is 38820-39772.

Silver prices dropped as investors pushed into riskier assets, including stocks, fueled by hope of potential progress toward a resolution in the U.S.-China trade dispute.

U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago.

Investors are optimistic about the U.S.-China trade deal despite the fact the Treasury has denied all the recent rumors.

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Gold Slipped As Equities And The U.S. Dollar

Gold trading range for the day is 31891-32419.

Gold slipped as equities and the U.S. dollar got a lift from investors taking on more risk due to growing hopes for a resolution in the China-U.S. trade war.

U.S. Treasury Secretary Steve Mnuchin mulled a tariff rollback during trade discussions with Chinese Vice Premier Liu He, scheduled for Jan 30.

Hedge funds and money managers raised their net long position in Comex gold in the week to Dec. 18, the U.S. Commodity Futures Trading Commission said.

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Copper Prices Gained As China's Move To Inject Liquidity

Copper trading range for the day is 417.3-427.3.

Copper prices gained as China's move to inject liquidity into the financial system boosted expectations of higher demand.

China's central bank said it will make another big cash injection through open market operations on Thursday, following its biggest-ever net liquidity injection a day earlier.

China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs.

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Cardamom Dropped On Profit Booking After Prices Gained

Cardamom trading range for the day is 1622.1-1667.7.

Cardamom dropped on profit booking after prices gained due to heavy losses to crop due to recent floods and good export hopes.

Export of cardamom from the country during 2017-18 spurted 48% to 5,680 ton from 3,850 ton a year ago.

Around 25 tn of new arrivals are coming at auctions daily, which is 25-30% of the total arrivals.

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Silver Dropped On Profit Booking After Prices Seen Supported

Silver trading range for the day is 39095-39883.

Silver dropped on profit booking after prices seen supported on concerns surrounding a U.S. government logjam and Brexit.

European Central Bank President Mario Draghi said that recent economic developments have been weaker than expected and further monetary stimulus was needed.

Prices for US imports declined 1% in December, the Bureau of Labor Statistics said, after a drop of 1.9% in November.

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Gold Prices Steadied Amid Firmer Dollar Offset Expectations

Gold trading range for the day is 32103-32473.

Gold prices steadied amid firmer dollar offset expectations of a pause in the U.S. Federal Reserve’s rate-hiking cycle.

Fed’s latest report on the economy said businesses across the United States have become less optimistic in recent months.

PM May narrowly won a confidence vote overnight and invited other party leaders for talks to try to break the impasse on a deal.

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Chana Gained On Short Covering After Prices Dropped Due To Reports

Chana trading range for the day is 4189-4305.

Chana gained on short covering after prices dropped due to reports of higher stocks available with the government agencies.

Area under chana is lagging and supplies are dwindling in the country due to lower imports and good consumption.

NCDEX accredited warehouses Chana stocks dropped by 232 tonnes to 11170 tonnes.

 

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Nickel Dropped On Profit Booking After Prices Gained As China

Nickel trading range for the day is 811.2-842.6.

Nickel dropped on profit booking after prices gained as China signalled further stimulus measures to support economic growth and demand.

In a sign of improving liquidity, Chinese banks extended far more new loans in December than expected, bringing last year's tally to a record $2.4 trillion.

Trump predicted that Washington would reach a deal with China to end their tit-for-tat trade war, saying Beijing wants to negotiate and that talks are going well.

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Silver Prices Gained As Political Uncertainty In The U.K.

Silver trading range for the day is 39273-39913.

Silver prices gained as political uncertainty in the U.K. boosted demand for the safe-haven metal.

The U.S. economy is taking a larger-than-expected hit from a partial government shutdown, White House estimates showed.

The outlook for the global economy darkened further Britain's parliament shot down Prime Minister Theresa May's deal to leave the European Union.

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Gold Edged Up Supported By Uncertainty Around Brexit

Gold trading range for the day is 32037-32431.

Gold edged up supported by uncertainty around Brexit after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union.

An increased chance of a disorderly Brexit is supporting gold's safe-haven appeal due to a risk-off sentiment.

The U.S. economy is taking a larger-than-expected hit from a partial government shutdown, White House estimates showed.

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Aluminium Gains As Beijing Signalled More Supportive

Aluminium trading range for the day is 127.7-133.7.

Aluminium gains as Beijing signalled more supportive measures to stabilise a slowing economy.

The U.S. Senate will begin voting on a resolution criticising the Trump administration’s decision to ease sanctions on aluminium giant Rusal.

London aluminium spread discount increased to $29, the strongest since September 2018.

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Natural Gas Pulled Back As Forecasts For Less Cold

Natural gas trading range for the day is 234.6-272.4.

Natural gas pulled back as forecasts for less cold next week offset calls for brutally frigid weather at the end of the month.

Meteorologists moderated their earlier forecast for the last week of January, noting the weather would remain near normal this week.

Intense volatility late last year was due to a combination of changing weather forecasts and concerns about low stockpiles.

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Gold Steadied As A Bounce In Stocks Stoked Interest In Riskier Assets

Gold trading range for the day is 32022-32356.

Gold steadied as a bounce in stocks stoked interest in riskier assets, although investors remained cautious ahead of a key Brexit vote.

Chinese data reinforced concerns that U.S. tariffs were taking a toll on Chinese goods, and that China’s 2019 growth could be one of the lowest since 1990.

Hedge funds and money managers raised their net long position in Comex gold in the week to Dec. 18, the U.S. Commodity Futures Trading Commission said.

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Jeera Dropped As Prices Remained Under Pressure

Jeera trading range for the day is 16925-17335.

Jeera dropped as prices remained under pressure on improving areas in Gujarat and higher in Rajasthan.

Cumin acreage improves in Gujarat on reports of water irrigation facility for rabi crops by government of the State.

NCDEX accredited warehouses jeera stocks dropped by 18 tonnes to 607 tonnes.

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Copper Trading Range For The Day Is 410.1-417.1

Copper trading range for the day is 410.1-417.1.

Copper prices fell after China reported lower-than-expected export and import figures for December.

China's December exports unexpectedly fell 4.4 percent from a year earlier, the biggest monthly drop in two years, pointing to further weakening.

China's 2018 imports of unwrought copper rose 12.9 percent from a year earlier to a record annual high of 5.3 million tonnes.

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Crude Oil Dropped After Chinese Data Showed Weakening

Crude oil trading range for the day is 3531-3719.

Crude oil dropped after Chinese data showed weakening imports and exports in the world’s biggest trading nation and second-largest crude oil consumer.

Despite the weak Chinese trade data, the country’s oil imports remained sky-high in December at 10.31 million barrels per day.

The OPEC and some non-OPEC allies, including Russia, have been cutting supply since late 2018, providing crude prices with some support.

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