Jeera trading range for the day is 18205-18635.Jeera prices dropped on profit booking after prices gained on a lower output forecast and strong demand from overseas buyers. Exporters are likely to fetch better realisation due to the quality of the jeera crop.NCDEX accredited warehouses jeera stocks gained by 321 tonnes to 2443 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -97.4 Rupees to end at 18669.25 Rupees per 100 kg.
Turmeric trading range for the day is 5480-5812.Turmeric dropped due to lower demand from industrial buyers and higher stocks available in the country.Turmeric farmers and traders have been hit hard by poor sales during peak season.NCDEX accredited warehouses turmeric stocks gained by 223 tonnes to 5120 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5450 Rupees gained 15.6 Rupees.
Soyabean trading range for the day is 2905-2959.Soyabean dropped due to weak trend in the International market but spot prices improve on good meal exports data.According the latest forecast by IMD, India may receive higher monsoon than previous forecast in April.NCDEX accredited warehouses soyabean stocks dropped by 1022 tonnes to 135961 tonnes.At the Indore spot market in top producer MP, soybean dropped -1 Rupees to 3074 Rupees per 100 kgs.
Menthaoil trading range for the day is 891.1-949.7.Mentha oil spot at Sambhal closed at 1061.40 per 1kg. Spot prices was up by Rs.2.50-.Menthaoil dropped amid of reports that carryover stocks are huge against the current consumption level, while the stocks are also been sufficient. Downside seen limited on expectations that demand from the pharmaceutical industries might pick-up in coming days. India exported 21,150 metric tonnes of mentha and allied products, valued at Rs 2,577.59 crore in FY16.
Aluminium trading range for the day is 119.8-121.6.Aluminium dropped tracking weakness in LME prices slipped 0.3 percent to $1,865 a tonne as investors turned to equities and oil.Traders are also watching large holdings of aluminium cash contracts and warrants, which could also tighten nearby supplies on the LME market.China might cut aluminum production by as much as 1-1.5 million tonnes during winter heating season.
Nickel trading range for the day is 579.3-604.7.Nickel prices dropped amid of the concern that the restart of Indonesian nickel ore exports and easing concerns about Philippine nickel ore supply.The new Philippines environment minister said he wants to balance conservation and mining interests, signalling intent to settle a bitter dispute.Philippine President Rodrigo Duterte said the government cannot scrap an existing mining law but added that he wants to implement stricter measures.
Zinc trading range for the day is 165.7-170.5.Zinc prices dropped as pressure continues on fresh signs of a slowdown in Chinese demand. Concerns over liquidity squeezes in China seem to be the main driving force.The premium for cash zinc versus the three-month price traded at its highest since Feb. 20, indicating tightening nearby supply.
Copper trading range for the day is 354.5-362.1.Copper dropped as the market fretted about weak demand in top consumer China after data showed the countrys imports of the metal falling.LME stocks remain near their highest since last October, fuelling pessimism over demand following hefty inflows in LME warehouses last week.Chinese imports of copper collapsed more than 30 percent in April from a month ago to 300,000 tonnes.
Crudeoil trading range for the day is 2938-3168.Crude oil gains as investors cheered the latest report from the EIA showing U.S. crude inventories fell more than expected.Support also seen after reports Saudi Arabia would cut supplies to the region as OPEC battles against rising U.S. output.Saudi Arabias oil minister Khalid al-Falih said that he expected the output deal to be extended to the end of the year or possibly longer.
Silver trading range for the day is 37617-38457.Silver prices traded in range with supportive mode as more upheaval in Washington turned investors away from riskier assets in favor of haven plays.It is too early for the European Central Bank to declare victory in its quest to boost euro zone inflation despite signs the blocs economic recovery is strengthening, ECBs Draghi saidHoldings at ishares silver trust gained by 1.14% i.e. 119.22 tonnes to 10531.96 tonnes from 10412.74 tonnes.
Gold trading range for the day is 27862-28212.Gold settled flat after U.S. President Donald Trump abruptly fired FBI Director James Comey in a move that shocked Washington.Rekindled fears that North Korea could be gearing up for another weapons test also supported gold.The Federal Reserve should hike interest rates three more times this year and at the same time start shedding its bond holdings, a Fed policymaker said.