Friday, 16 November 2018

EPIC RESEARCH NCDEX Cardamom UPDATE OF 16 November 2018



Cardamom trading range for the day is 1481.8-1526.6.

* Cardamom prices gained due to heavy losses to crop due to recent floods and good export hopes.

* Export of cardamom from the country during 2017-18 spurted 48% to 5,680 ton from 3,850 ton a year ago.

* Around 25 tn of new arrivals are coming at auctions daily, which is 25-30% of the total arrivals.



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EPIC RESEARCH NCDEX Jeera UPDATE OF 16 November 2018



Jeera trading range for the day is 19400-20460.

* Jeera dropped on profit booking after prices gained amid reports of lower sowing so far.

* Jeera sowing has started in Gujarat on a poor note and farmers sown the spice on 1,500 hectares only.

* NCDEX accredited warehouses jeera stocks gained by 221 tonnes to 3346 tonnes.

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EPIC RESEARCH NCDEX Turmeric UPDATE OF 16 November 2018



Turmeric trading range for the day is 6554-6674.

* Turmeric prices dropped on profit booking after prices gained amid concerns that drought condition in Maharashtra and Karnataka will affect standing crop.

* As per reports, standing crop likely to damage around 10 - 20% currently, if higher temperature will continue next 15 - 20 days.

* NCDEX accredited warehouses turmeric stocks dropped by 2961 tonnes to 3472 tonnes.

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EPIC RESEARCH NCDEX Rmseed UPDATE OF 16 November 2018



Rmseed trading range for the day is 4118-4224.

* Mustard Seed settled flat amid reports of sale by NAFED and weak demand in spot market.

* Mustard acreage shrank to 3.47 million hectares until now from 3.7 million hectares a year ago.

* NCDEX accredited warehouses mustard seed stocks gained by 81 tonnes to 8955 tonnes.

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EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 16 November 2018



CPO trading range for the day is 513.8-535.2.

* Crude palm oil dropped as rising inventories weighed on the market and physical demand showed no signs of improvement.

* Exports of Malaysian palm oil products for Nov. 1 – 15 rose 2 percent from a month earlier to 549,488 tonnes.


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EPIC RESEARCH NCDEX Ref.Soya oil UPDATE OF 16 November 2018



Ref.Soya oil trading range for the day is 730-744.

* Ref.Soya oil gained on short covering after prices dropped amid higher stocks in the domestic market and bumper soybean crop.

* India 2017-18 edible oils imports dip 3.72℅ to 145.16 lt thanks to hike in import duty

* U.S 2018/19 ending stocks of soy oil is fell 9.5 percent to 1,915 million lbs from 2,116 million lbs in earlier estimate.


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EPIC RESEARCH NCDEX Soyabean UPDATE OF 16 November 2018



Soyabean trading range for the day is 3398-3464.

* Soyabean gained on short covering amid improving physical demand from the oil mills.

* SOPA has projected an increase of 70% in soymeal exports during 2081-19 on expectations of fresh demand from China.

* NCDEX accredited warehouses soyabean stocks gained by 4520 tonnes to 100472 tonnes.


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EPIC RESEARCH MCX Menthaoil UPDATE OF 16 November 2018



Menthaoil trading range for the day is 1785-1830.8.

* Mentha oil spot at Sambhal closed at 1950.90 per 1kg. Spot prices was up by Rs.14.10/-..

* Mentha oil prices rallied due to bullish demand outlook from domestic market as well as exporters.

* Spot markets are also witnessing strong consumption demand amid restricted supplies.

* Bumper crop harvest has been discounted in the market and market is moving upwards on rising demand from end users.


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EPIC RESEARCH MCX Aluminium UPDATE OF 16 November 2018



Aluminium trading range for the day is 136.3-142.3.

* Aluminium dropped amid rise in LME stocks after prices seen supported on signs that China and the US may be taking steps to de-escalate their bitter trade dispute.

* China Oct alumina output +8.7 pct y/y at 5.65 mln tonnes - stats bureau

* Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.453 million mt.


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EPIC RESEARCH MCX Nickel UPDATE OF 16 November 2018



Nickel trading range for the day is 795.4-835.8.

* Nickel dropped on late profit booking after prices seen supported with investors looking to potential stimulus spending in China.

* In October, China’s value adds by industrial enterprises above a designated size gained 5.9% year on year, compared to September’s gain of 5.8%.

* Some 600 mt in metal content of high-grade NPI output will be affected in November as the second round of national environmental review.


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