Swastika Investmart Limited

After a long day today ripe oils steady decline has accelerated. In early trading on NCDEX soy oil and palm oil futures on MCX were bouncing around 1 per cent. But continuing decline in soybean oils have been reduced early lead. Edible oils have received support from a weaker rupee. Although the international market remains sluggish.

Currently NCDEX soy oil jumped 0.5 per cent is trading at Rs 604.5. MCX Crude Palm oil also rose 0.5 per cent is trading above Rs 440.

If we look at the Castor seed in early trading, it had slipped below Rs 4000. Castor seed still continues to decline. In fact, by good rains in Rajasthan and Gujarat is projected to grow Castor seed yields. NCDEX Castor seed is trading around 0.7 per cent to Rs 4,000.

There is still pressure on gold prices. In the international market gold prices slipped closer to $ 5 and have had an impact on domestic business. MCX gold is trading at 0.2 per cent to Rs 27 880. Light edge in silver today. The expiry date is the 5th of September silver futures. Then silver December futures above Rs 42900. PMI manufacturing and construction spending figures released today in America are due.

Light crude oil is looking strong. Crude oil prices in the domestic market are still selling above Rs 5,800. But in the international market pressures. Let me tell you from Libyan production have been increasing steadily. Sunday's production increased by 7 million barrels of crude per day in Libya reached that level. On the other hand, China's demand for crude from bad data is questioned about. While natural gas prices tumbled nearly 1 per cent is trading at Rs 245.6.

Base metals have gained today. Nearly all metals including copper on MCX have increased by 0.5 per cent. Copper with a gain of 0.5 per cent is close to Rs 430. Aluminum prices have risen 0.5 per cent to Rs 127.3. With 0.3 per cent nickel is trading around Rs 1140. Zinc prices rose 0.8 per cent to 135.6 per cent to Rs 143.8 crore and lead prices have raised to ...

News Release: Commodity Market Live News By Swastika Investmart
Submitted on: September 02, 2014 06:48:12 AM
Submitted by: anamika rai
On behalf of: www.swastika.co.in/Services/Commodity-Market-Trading 

Original press release Link : - http://www.exactrelease.org/commodity-market-live-news-by--link-793890.html