Jeera trading range for the day is 18195-18955.Jeera prices ended with gains tracking firmness in spot demand amid expectations good export demand. However, supplies are expected to improve in the major physical market on strong selling pressure from farmers limiting the gains.NCDEX accredited warehouses jeera stocks gained by 15 tonnes to 2458 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -135.9 Rupees to end at 18533.35 Rupees per 100 kg.
Turmeric trading range for the day is 5564-5732.Turmeric prices gained amid expectations of fresh buying from lower price levels. Market focus may gradually shift towards monsoon in 2017 and sowing acreage under turmeric.NCDEX accredited warehouses turmeric stocks gained by 164 tonnes to 5284 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5497.05 Rupees gained 47.05 Rupees.
Soyabean trading range for the day is 2908-2958.Soyabean prices ended with gains as spot prices improved 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 1813 tonnes to 134148 tonnes.At the Indore spot market in top producer MP, soybean gained 3 Rupees to 3077 Rupees per 100 kgs.
Menthaoil trading range for the day is 905.4-946.6.Mentha oil spot at Sambhal closed at 1049.00 per 1kg. Spot prices was down by Rs.-7.30-.Mentha oil prices gained amid surge in demand in the domestic spot market.Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices.Stock positions of Mentha in MCX accredited warehouses were around 4727 drums, while in process were 24 drums.
Aluminium trading range for the day is 119.5-122.5.Aluminium gained as support seen on news that China might cut aluminum production by as much as 1-1.5 million tonnes during winter heating season.Aluminum consumption in China will grow 7-10% this year and the next and aluminum capacity in China will climb to 45 million tonnes by 2020.Surveys of manufacturers from China showed activity slowing in April, while trade data showed import growth slowing and export growth halving.
Nickel trading range for the day is 585.2-611.Nickel prices gained as prices seen supported by worries about supplies of nickel ore from the Philippines.Nickel ore output in the Philippines, fell 51 percent in the first quarter due to rains and the suspension of mine operations, government data showed.Extractive industries like mining should be promoted, not curbed, the Philippines finance minister said.
Zinc trading range for the day is 163.5-171.5.Zinc dropped tracking LME zinc finished 0.4 percent lower as Surveys of manufacturers showed activity slowed in AprilIndustrial output is expected to rise 7.1 percent in April, slowing from 7.6 percent in March when it rose the fastest on a yearly basis since December 2014.Fixed asset investment probably stayed relatively stable at 9.1 percent in April, from 9.2 percent in March.
Copper trading range for the day is 353.6-367.6.Copper gained by 0.24% to settle at 358.85 while prices dropped from days high as industrial output shows signs of slowing down and inventories rise.Sentiments remain weak for copper as pressure seen amid ongoing concerns over rising supply and disappointing Chinese import data.Workers at Cerro Colorado copper mine in Chile will strike for 24 hours in coming weeks to protest, the main union said.
Naturalgas trading range for the day is 208.5-223.1.Naturalgas gained after data showed that natural gas supplies in storage in the U.S. rose less than expected last week.EIA said in its weekly report that natural gas storage in the US rose by 45bcf in the week ended May 5.Slightly cool conditions linger, with still another weather system and reinforcing cool shot to follow Friday through Monday
Crudeoil trading range for the day is 3044-3134.Crude oil gained as a fall in U.S. fuel inventories and a bigger than expected cut in Saudi supplies to Asia tightened the market.Saudi Arabia has notified several Asian refiners of its first cuts in crude allocations for regional buyers since OPECs output reduction took effect in January.Saudi Energy Minister Khalid Al-Falih says almost all oil demand growth in next 25 years to come from Asia.
Silver trading range for the day is 37662-38390.Silver prices ended with gains buoyed by a weaker dollar, despite the release of bullish economic data.The U.S. Labor Department said its producer price index, which measures inflation before it reaches the consumer, rose 0.5% in April, above expectations for a 0.2% increase.The number of Americans who filed for unemployment insurance for the week ended May 6, dropped to 236,000, a more than 28-year low.
Gold trading range for the day is 27849-28171.Gold prices gained amid political turmoil in Washington, after President Trump unexpectedly fired FBI chief James Comey.However gains were capped by better than expected producer inflation and labor market data.Feds Dudley said the U.S. central bank will normalise its balance sheet in a very careful way, while leaving sufficient excess reserves in the financial system.