Commodity Trading Tips for Ref. Soyaoil by Kedia Commodity

Commodity Trading Tips for Ref. Soyaoil by Kedia Commodity

Ref.Soya oil on NCDEX settled down -0.43% at 623.1 on hope of increasing supply in near term and higher stockpiles. Prices of oil were down on higher supply as inventories with traders and stockiest is sufficient and they have opted to buy as per requirements to cater retail demand. Moreover, soyoil stock at various ports of the country totalled at March 20 at 121,000 tons as compared to 94,000 tons a week ago, which is sufficient to meet the demand. According to data released by the Solvent Extractors' Association of India (SEA), India's edible oil imports rose 15.8% on year to 1.23 mt in February. The government has cut the base import price of soyoil by $9 per tonnes for second half of March. The base import price of crude soyoil is now at $805 from $879 during Feb first half.

Commodity Trading Tips for Soyabean by Kedia Commodity

Commodity Trading Tips for Soyabean by Kedia Commodity

Soyabean on NCDEX settled down -0.17% at 2941 on higher arrivals in local mandis and on subdued demand for soymeal from poultry sectors. Arrivals in the local mandis were estimated at 130,000-133,000 bags today as compared to 50,000-65,000 bags on the previous day. Demand from crushers is just to meet the immediate requirement due to negative crush margins. Demand for soymeal is also weak from domestic buyers due to lean demand for eggs and broilers during summers. Soymeal demand from poultry feed manufacturer is reducing at higher level as most of the poultry farmers are facing decline in profit margin if they procure soymeal at higher level.

Commodity Trading Tips for Menthaoil by Kedia Commodity

Commodity Trading Tips for Menthaoil by Kedia Commodity

Menthaoil on MCX settled down -0.23% at 992.9 because of fall in demand in the domestic spot market. Further, ample stocks position on higher supplies from producing belts of Chandausi in Uttar Pradesh, too influenced mentha oil prices. Production was lower due to un-favorable weather conditions during the crop’s harvesting period. Traders and stockists in major market of UP maintain that the near term price outlook will be bullish. This is because nearly 14500 MT of mint products were exported in six months of the current financial year. Hence mosttraders feel that exportdemand forthe complete financial year can be between27000 and 29000 MT Last year exports were reported lower at 23000 MT.

Commodity Trading Tips for Aluminium by Kedia Commodity

Commodity Trading Tips for Aluminium by Kedia Commodity

Aluminium on MCX settled down -0.35% at 126.8 on profit booking tracking LME aluminium closed down 0.5 percent at $1,962.50 a tonne, but still posted its biggest quarterly gain in 6-1/2 years, up nearly 16 percent. The metal hit its highest since December 2014 on Thursday ahead of the Chinese manufacturing data. Meanwhile LME stocks of aluminum sank below the 2 million-tonne level earlier this month and at a current 1,886,400 tonnes are at their lowest since December 2008. Excluding the metal that is awaiting load-out, the on-warrant total of 1,003,275 tonnes is the lowest since May 2008. Japan's quarterly premiums, which act as a benchmark across much of the Asian region, are in part a reflection of local market conditions.

Commodity Trading Tips for Nickel by Kedia Commodity

Commodity Trading Tips for Nickel by Kedia Commodity

Nickel on MCX settled down -0.31% at 651 after LME prices dropped by 1 percent at $10,030 on prospects of rising Indonesian supply. Indonesia's state-owned miner Aneka Tambang (Antam) has been granted an initial approval to export up to 2.7 million tonnes of nickel ore over the next 12 months, a mining ministry official said. There was news that 4 Indonesian nickel ore mining firms are applying for ore export quotas, and Antam got the initial clearance for Indonesian nickel ore exports.

Commodity Trading Tips for Zinc by Kedia Commodity

Commodity Trading Tips for Zinc by Kedia Commodity

Zinc on MCX settled down -2.88% at 178.85 as LME zinc finished the day down 3.1 percent at $2,770 due to concerns over failure in output cut by zinc smelters. Zinc prices standouts among a brightening outlook for base metals, with supply constraints and China-driven demand set to lift prices in coming months. Zinc mines in Huayuan County, Hunan Province were forced to slash or suspend production recently since the region stepped up environmental protection. Some mines that had passed inspections were also affected by this round of environmental protection and will delay restarts until late April or early May.

Commodity Trading Tips for Copper by Kedia Commodity

Commodity Trading Tips for Copper by Kedia Commodity

Copper on MCX settled down -0.79% at 380.75 as the end of a strike at Peru's biggest copper mine dampened fears of reduced supply that had driven the metal higher this quarter. Activity in China's manufacturing sector unexpectedly expanded at the fastest pace in nearly five years in March, adding to evidence that the world's second-largest economy has gained momentum early this year, an official survey showed. Freeport McMoRan Inc's Indonesian unit is close to reaching a deal that would allow the world's biggest publicly listed copper producer to temporarily resume concentrate exports, Indonesia's mining minister said.

Commodity Trading Tips for Naturalgas by Kedia Commodity

Commodity Trading Tips for Naturalgas by Kedia Commodity

Naturalgas on MCX settled down -0.68% at 205.8 as investors began to contemplate how much natural gas will be added to storage as spring begins. Meanwhile, traders continued to monitor shifting early-spring weather forecasts. Weather systems will track across the country the next several days with rain, snow, and thunderstorms, but with limited cold air as they play out spring-like, according to forecasters at NatGasWeather.com. There remains potential for a bit colder system from April 7 through the 10th and will be dependent on how a weather system tracking over the southern U.S. phases with a cold blast over the Midwest. Total natural gas in storage currently stands at 2.049 trillion cubic feet, according to the U.S.

Commodity Trading Tips for Crudeoil by Kedia Commodity

Commodity Trading Tips for Crudeoil by Kedia Commodity

Crudeoil on MCX settled up 0.46% at 3284 on a growing sense that OPEC and non-member Russia would extend their production cut, seeking to drive the market higher. The U.S. energy department released supply and demand figures for January, the latest month available, saying the country's oil demand for that month was up 0.9 percent at 19.234 million barrels per day, while production rose 60,000 bpd to 8.835 million barrels. Energy services firm Baker Hughes said U.S. oil rigs increased by 10 to 662 in the week, making the first quarter the strongest for oil rig additions since mid-2011.

Commodity Trading Tips for Silver by Kedia Commodity

Commodity Trading Tips for Silver by Kedia Commodity

Silver on MCX settled up 0.42% at 42326 buoyed by a weaker dollar, after the release of mostly negative economic data while uncertainty over the outcome of the European elections continued to increase demand for the metals. Prices remained steady with global political uncertainty, the upcoming elections in Europe in particular, seen supporting prices of the metal, driving the metal to its best quarter in a year. Prices recovered from a dip earlier in the session, as the dollar slumped to lows, after the latest batch of economic data revealed a slowdown in personal spending and consumer sentiment. The University of Michigan said its consumer sentiment index slipped to 96.9 in March from an initial estimate of 97.6, which was well below forecast of an unchanged reading.

Commodity Trading Tips for Gold by Kedia Commodity

Commodity Trading Tips for Gold by Kedia Commodity

Gold on MCX settled up 0.28% at 28742 as uncertainty over U.S. President Donald Trump's tax and investment plans and elections in Europe fuelled demand for bullion as a safe haven. Gold rebounded from early losses as the dollar turned flat after a Federal Reserve official's seemingly dovish remarks and uninspiring data on the U.S. economy tamped down the sanguine mood from earlier in the week. Earlier in the session, gold had dropped by the most in over than three weeks. It failed to break resistance at its 200-day moving average, triggering early technical selling. An index of world stocks dipped on Friday as investors locked in profits, also boosting gold. Data showing the largest annual increase in U.S.

Solar capacity addition estimated at 7~7.5 GW in FY2018, says ICRA

Solar capacity addition estimated at 7~7.5 GW in FY2018, says ICRA

New Delhi [India], Apr 1 : Credit rating agency ICRA estimates the solar capacity addition to increase from 3.5-4 GW in FY2017 to at least 7-7.5 GW (in grid connected utility segment) in FY2018.

The magnitude of solar project awards, both under the National Solar Mission ( NSM) and the state policy route in the past 12-18 months has been quite significant, though currently there is a temporary lull in the announcement of fresh bids. The backlog against these awards itself would support the estimated solar capacity addition as per ICRA study.

SBI begins operations as merged entity from April 1

SBI begins operations as merged entity from April 1

Mumbai (Maharashtra) [India], Apr. 1 : The State Bank of India has merged its five Associate Banks - State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore besides Bharatiya Mahila Bank - with itself with effect from April 1.

With this six-way mega merger, the SBI has joined the league of top 50 banks globally in terms of assets.

The total customer base of the bank is now expected to reach 37 crore with a branch network of around 24,000 and nearly 59,000 ATMs across the country.

The merged entity will have a deposit base of more than Rs. 26 lakh crore and advances level of 18.50 lakh crore.

PVR Cinemas launches first four-screen multiplex in Ranchi

PVR Cinemas launches first four-screen multiplex in Ranchi

New Delhi [India], Apr. 1 : Multiplex chain PVR Cinemas launched its first multiplex in the capital city of Jharkhand- Ranchi. With this, PVR Cinemas has successfully established its presence in 50 cities across India.

The newly launched four-screen property is the largest and the most premium multiplex of the city, situated in the heart of Ranchi. Being elected to be developed as a smart city under the Government of India's ' Smart City Project'; Ranchi has witnessed tremendous development in the recent times. This surge of expansion has also opened opportunities resulting in a diverse population with evolved entertainment consumption patterns.

CBDT's APA Program crosses the 150 mark

CBDT's APA Program crosses the 150 mark

New Delhi [India], Apr. 1 : The Central Board of Direct Taxes (CBDT) entered into nine new Advance Pricing Agreements (APAs) during the last two days of the current financial year, thus crossing the 150 mark.

'Improved' wireless communication systems come closer to reality

'Improved' wireless communication systems come closer to reality

Washington D.C. [USA], Apr. 1 : A team of scientists has paved the way for ultrafast and reconfigurable on-chip wireless communication systems with unmatched advantages in compactness, low power consumption and low fabrication complexity.

Researchers from the University of Sydney made a breakthrough achieving radio frequency signal control at sub-nanosecond time scales on a chip-scale optical device.

Radio frequency (RF) is a particular range of electromagnetic wave frequencies, widely used for communications and radar signals. The work should impact the current wireless revolution.

Idea launches 4G services in Assam

Idea launches 4G services in Assam

New Delhi [India], Apr. 1 : Telecom operator Idea Cellular on Friday launched its 4G services in Assam circle, starting with five towns, namely Jorhat, Tezpur, Nagaon, Bongaigaon and Lumding, and is looking to further expand 4G network to cover 13 towns including Guwahati, by April 2017.

Idea also unveiled Digital Idea, a suite of digital applications for consumers in Assam. As part of the Digital Idea offerings, the company will offer a suite of three entertainment apps - Idea Music Lounge, Idea Movie Club and Idea Game Spark for its 13 lakh customers in Assam.

Tata Motors, Jayem Automotives announces joint venture for performance enhancement

Tata Motors, Jayem Automotives announces joint venture for performance enhanceme

New Delhi [India], Mar 31 : Tata Motors on Friday announced the launch of JT Special Vehicles Pvt. Ltd., a 50:50 joint venture with Jayem Automotives Pvt. Ltd., for the development of special performance vehicles based on the latest series products.

As part of the agreement, both Tata Motors and Jayem Automotives will work towards performance enhancement and appearance of series vehicles to offer an exciting and innovative range of niche aspirational products for the passenger car customers.

Satellite galaxies at edge of Milky Way coexist with dark matter

Satellite galaxies at edge of Milky Way coexist with dark matter

Washington D.C. [USA], Mar. 31 : A new research has ruled out a challenge to the accepted standard model of the universe and theory of how galaxies form by shedding new light on a problematic structure.

The vast polar structure, a plane of satellite galaxies at the poles of the Milky Way, is at the center of a tug-of-war between scientists who disagree about the existence of mysterious dark matter, the invisible substance that, according to some scientists, comprises 85 percent of the mass of the universe.

The paper bolsters the standard cosmological model, or the Cold Dark Matter paradigm, by showing that the vast polar structure formed well after the Milky Way and is an unstable structure.

More trees, less global warming? Not exactly

More trees, less global warming? Not exactly

Washington D.C. [USA], Mar. 31 : Trees are considered as one of our biggest natural allies in the war against global warming, but in a new twist, scientists have found that the army of green is spewing out methane.

The University of Delaware study is one of the first in the world to show that tree trunks in upland forests actually emit methane rather than store it, representing a new, previously unaccounted source of this powerful greenhouse gas.

Methane is about 25 times stronger than carbon dioxide, with some estimates as high as 33 times stronger due to its effects when it is in the atmosphere.

Syndicate content