Commodity Market Live Blog Posts

Why Premiums of Jinchuan Nickel Surge in Late December? Will Price Gap between Jinchuan and Russian Nickel Continue Growing?

Nickel: Nickel price slid all the way from mid-December, and spot premiums of Jinchuan nickel surged to 1,200 yuan per tonne in late December, the highest of 2016. The price gap between Jinchuan and Russian nickel expanded to more than 1,000 yuan per...

Budget 2017: No capital gains tax, but “long-term” rule may change to 3 years

The government may change the definition of “long-term,” raising the time limit for capital gains tax relief to a minimum of three years from one year at present. There is, however, no plan to introduce a long-term capital gains tax on stock trad...

Update on Nifty levels, Bank Nifty levels and Equity Pick of the day 3rd January 2017

Nifty 8179/Sensex 26595/ Bank Nifty 18177 28 Advances /23 Declines/ 0 Unchanged Nifty Starts with a Positive Note On First Trading Session of 2017 Indian markets showed smart recovery despite snapping the first trading day of 2017 in the red territor...

Jan is ‘the first big test’ for OPEC production deal:

The OPEC and non-OPEC landmark deal to cut production by 1.8 million barrels a day in 2017 enters into force this Sunday. The first month of implementation will be key to understand whether everyone will respect the deal, but according to analysts fu...

Oil prices dip after OPEC-Russia output cut deal, focus swings to implementation..

Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s OPEC-Russia accord on cutting output giving way to questions on the “sticking point” of...

The metals rally particularly extended in November

Crude oil: U.S. President Barack Obama on Tuesday banned new oil and gas drilling in federal waters in the Atlantic and Arctic Oceans, in a push to leave his stamp on the environment before Republican Donald Trump takes office next month. COPPER: Com...

Copper prices have been rising after Trump won US presidential election

COPPER: Peru’s finance minister said last Friday the country will step up copper production capitalizing on rising copper prices, wenhua.com reported. Peru’s copper output jumped 38% year-on-year in October, mainly contributed by MMG’s Las...

Impact Of Demonetization On Stock Market…

For a week now demonetization of high value notes has been polarizing the country between those who totally support the idea and those who are against it. The move has had a big impact on the stocks markets. A lot of investors are withdrawing capital...

The US Federal Reserve on expected lines raised key interest rates by 25 basis points to between 0.50 per cent and 0.75 per cent on Wednesday,

FED RATE: The US Federal Reserve on expected lines raised key interest rates by 25 basis points to between 0.50 per cent and 0.75 per cent on Wednesday, its second such hike since last December. The Fed policy is slightly hawkish as indicated by thre...

LAST EVENT OF 2016….

German behemoth Deutsche Bank agreed last spring to assist plaintiffs and regulators by ratting out their co-conspirator banks in a wide ranging scheme to rig prices and cheat clients. They cut a deal to avoid even larger monetary damages and crimina...

Where will Metals Prices Head after Possible Fed Rate Hike?

US Fed will announce its interest rate decision at its December policy meeting this Thursday. It is now widely believed that the Fed rate hike is very likely. Where will metals prices head if the Fed raises its benchmark rate? SMM interviewed Chen Sh...

Commodity futures: Nickel surges 1.78%, crude oil rises 0.70%

Nickel prices rose 1.78 per cent to Rs 765.20 per kg in futures trade on Friday as speculators enlarged positions on positive cues from global markets. Besides, increased demand from alloy-makers in the domestic spot market, supported the uptrend. At...

Today RBI monetary policy meeting, around 2.30 pm…Tomorrow ECB monetary policy meeting.

COPPER: Tongling Nonferrous Metals Invests 1.59 Bln in Lithium Battery Copper Foil Project The project will be constructed in two phases. The first phase will be commenced in Q4 2016 and come online in June 2018, with capacity of 10,000-tpy. The seco...

Gold has been affected by an even more important factor today morning

GOLD: Gold has been affected by an even more important factor today morning as China declared that it would be imposing more curbs on gold imports in order to control capital flight from its shores. China, along with India, is one of the largest cons...

OPEC FINALLY READY TO CUT…..

Crazy 48 Hours for Lead and Zinc-Why They Ride Roller Coaster? SMM Exclusive SHFE lead and zinc prices both rose by daily limit on Monday but tumbled by limit on Wednesday. What’s behind the sharp gains and declines? Zinc: SMM understands the much...

SENSEX WILL BE 39000 IN NEXT YEAR??????? BY MORGAN STANLEY……

Morgan Stanley Sees 30% Chance Of Sensex Touching 39,000 In 2017 Morgan Stanley expects Sensex earnings growth of 2.5 per cent for financial year 2016-2017 and 16 per cent in fiscal year 2018. The Indian equity market is exiting the low return trap a...

MCX & NCDEX TRENDS FOR 7TH NOV.

MCX TRENDSGOLD (5 DEC.) TREND: BEARISHRES 1: 25700RES 2: 26000      SUPP 1: 25200SUPP 2: 25000STRATEGY: SELL ON HIGHSILVER (5 DEC.) TREND: BEARISHRES 1: 34700RES 2: 35200      SUPP 1: 34000SUPP 2: 337...

MCX & NCDEX TRENDS FOR 3RD NOV.

MCX TRENDSGOLD (5 DEC.) TREND: BEARISHRES 1: 26400RES 2: 26700      SUPP 1: 25800SUPP 2: 25500STRATEGY: SELL ON HIGHSILVER (5 DEC.) TREND: BEARISHRES 1: 36200RES 2: 36800      SUPP 1: 35500SUPP 2: 350...

MCX & NCDEX TRENDS FOR 31ST. OCT.

MCX TRENDSGOLD (5 DEC.) TREND: CONSOLIDATERES 1: 26750RES 2: 27000      SUPP 1: 26500SUPP 2: 26300STRATEGY: SELL ON HIGHSILVER (5 DEC.) TREND: CONSOLIDATERES 1: 38800RES 2: 39100      SUPP 1: 36200SUP...

MCX AND FOREX TRENDS FOR 29TH OCT.

MCX TRENDSGOLD (5 DEC.) TREND: CONSOLIDATERES 1: 27300RES 2: 27500      SUPP 1: 2690SUPP 2: 26800STRATEGY: SELL ON HIGHSILVER (5 DEC.) TREND: CONSOLIDATERES 1: 38500RES 2: 39000      SUPP 1: 37700SUPP...
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