कमोडिटी बाजार में आज क्या हो रणनीति

कच्चे तेल की कीमतों में हल्की कमजोरी आई है लेकिन अंतरराष्ट्रीय बाजार में इसके दाम 2 साल की ऊंचाई पर बने हुए हैं। कनाडा की कीस्टोन पाइपलाइन बंद होने और अमेरिका में भंडार घटने से कीमतों को सपोर्ट मिल रहा है। अमेरिका में कच्चे तेल का भंडार 19 लाख बैरल घटा है। मार्च के ऊपरी स्तर से इसमें 15 फीसदी की गिरावट आई है।

commodity_opening_240 (2)

उधर ऊपरी स्तर पर मुनाफावसूली के कारण सोने की कीमतों पर दबाव देखा जा रहा है। अमेरिका के कमजोर आर्थिक आंकड़ों के कारण कल कॉमेक्स पर सोने करीब 1 फीसदी बढ़ा है। चांदी पर आज ज्यादा दबाव है, कॉमेक्स पर इसके दाम 0.5 फीसदी से ज्यादा गिरे हैं। बेस मेटल्स की बात करें तो शंघाई में एल्युमिनियम 0.75 फीसदी ऊपर है, वहीं कॉपर में भी हल्की बढ़त देखी जा रही है।

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Earlier US data showed GDP growth at 2.6% in the second quarter, up from 1.4% in the first quarter, and besting expectations of 2.5%, while the preliminary reading for GDP prices slowed down to 1.0% from 1.9%, missing expectations of 1.3, and finally, the Employment Cost Index slowed down as well more than forecast. University of Michigan released its second and final reading for the consumer sentiment survey in July, showing a rise to 93.4 from the preliminary reading of 93.1, besting expectations of 93.2, while below June’s reading of 97.1. On Wednesday, the Federal Reserve voted to maintain overnight interest rates at between 1% and 1.25% at the Federal Open Market Committee’s policy meeting in Washington, while asserting their intention to start normalizing their massive $4.5 trillion balance sheet later this year.


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Recent Market Updates on MCX,Commodity

Cardamom prices rose further by 1.19 per cent to Rs 1,149.90 per kg in futures trade today as speculators enlarged positions, taking positive cues from spot markets on rising domestic and exports demand.

At the Multi Commodity Exchange, cardamom for delivery this month rose by Rs 13.50, or 1.19 per cent, to Rs 1,149.90 per kg, in a business turnover of two lots.

On similar lines, the spice for delivery in July traded higher by Rs 10.50, or 1.05 per cent, to Rs 1,005 per kg in 14 lots.

Analysts said expanding of positions by participants on the back of strong domestic as well as exports demand against tight stocks position on restricted arrivals from producing regions, mainly kept cardamom prices higher at futures trade.

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Oil prices rise in Asia in expectation of Aramco supply cut


Oil futures rose in Asian trading on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC battles against rising U.S. output that is threatening to derail its attempts to end a sustained global glut in crude.

State-owned Saudi Aramco will reduce oil supplies to Asian customers by about 7 million barrels in June, a source told Reuters, as part of OPEC’s agreement to reduce production and as it trims exports to meet rising domestic demand for power during the summer.


Seven million barrels is roughly two days of oil imports into Japan, the world’s fourth biggest importer. Aramco had previously been maintaining supplies to its important Asian customers.

Global benchmark Brent futures were up 25 cents, or 0.5 percent, at $48.98 a barrel at 0200 GMT. They fell 1.2 percent on Tuesday.

U.S. West Texas Intermediate crude was up 29 cents, or 0.6 percent, at $46.17 a barrel.

It also fell 1.2 percent the previous session, and the closing price for both contracts on Tuesday was the second lowest since Nov. 29, the day before the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut production during the first half of 2017.

While prices surged immediately after the agreement, in recent weeks they have come under sustained pressure as U.S. production has ramped up.

Many are now pushing back the expected timing for when the oil market will come into balance after prices began slumping nearly three years ago.

“Chief among (the) oil market’s worries is that the renewed rise in U.S. oil production is reducing the speed at which the supply surplus is being eroded,” Fawad Razaqzada, market analyst at Forex.com, said in a note.

Saudi Arabia’s oil minister Khalid al-Falih said on Monday that he expected the output deal to be extended to the end of the year or possibly longer. OPEC meets later this month.

Higher crude output from the United States should limit any upside to global oil prices through the end of 2018, the U.S. government said on Tuesday.

U.S. crude production is expected to rise by more than previously expected in 2017 to 9.31 million barrels per day from 8.87 million bpd in 2016, a 440,000 bpd increase, the U.S. Energy Information Administration said.

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PREMIUM CALL :- BUY ZINC ABOVE 166 TG1-167 TG2-168 TG3-169 SL BELOW 164.50


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Steel capacity set to get a boost as Cabinet approves new policy

The Cabinet on Wednesday approved a new policy that envisages Rs 10 lakh crore investment to create more capacity in the steel sector.

“The Cabinet today approved the National Steel Policy 2017,” a source privy to the development said.


The development assumes significance as the steel sector is reeling under weak demand and rising raw material prices. The policy aims at increasing supply of domestic coking coal to cut dependence on imports by half and production of 300 million tonnes of the alloy by 2030-31.

The ministry had earlier said the policy is a step towards steering the industry to achieve its future potential and strategy to deal with various impediments such as high input cost, availability of raw materials, dependency on imports, financial stress etc, it added.

The policy also looks at increasing per capita steel consumption to 160 kg by 2030-31 and encouraging the industry to be a world leader on energy and raw material-efficient steel production by 2030-31 in a safe and sustainable manner. The proposed policy looks to “develop and implement quality standards for domestic steel products”.

In 2015, India was the only large economy in the world where steel demand continued to show a positive growth at 5.3 percent as against China’s (-)5.4 percent and Japan’s (-) 7 per cent. India’s growing urban infrastructure and manufacturing sectors indicate that demand is likely to remain robust in years ahead.

Despite the current challenges, the Indian steel industry still has significant potential for growth, underscored by the fact that the per capita steel consumption in the country at 61 kg is much lower than the global average of 208 kg. Crude steel production in 2015-16 stood at 89.77 million tonnes.

However, today, the steel industry in India faces challenging external conditions in the shape of slow economic growth and idle capacity globally. With weak global economic prospects, the industry will have to strongly depend on growth of domestic consumption to surge ahead.

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