Tuesday, 26 March 2019

EPIC RESEARCH MCX Aluminium UPDATE OF 26 March 2019



Aluminium trading range for the day is 144.6-146.2.

Aluminium prices dropped as concerns about a global economic slowdown depressed sentiments.

China reverted to being a net importer of alumina in February for the first month since April 2018, while its scrap metal imports plunged to just 160,000 tonnes.

Improving downstream consumption extends declines in primary aluminium inventories

Warehouse stock for Aluminium at LME was at 1155450mt that is down by -4825mt.

Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

EPIC RESEARCH MCX Nickel UPDATE OF 26 March 2019



Nickel trading range for the day is 877.5-894.9.

Nickel dropped as weak European and U.S. factory data spread gloom about the global economic outlook and strengthened the dollar.

European data showing factory activity contracted at the fastest pace in nearly six years.

The U.S. Commerce Department has found China unfairly subsidized steel wheels exported to the United States and sold them at prices below fair value.

Warehouse stock for Nickel at LME was at 184260mt that is down by -1098mt.

Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

EPIC RESEARCH MCX Zinc UPDATE OF 26 March 2019



Zinc trading range for the day is 193.8-201.2.

Zinc prices gained as headline and on-warrant stocks in LME warehouses fell to record lows.

Mining giant Glencore said its McArthur River zinc operations in northern Australia were returning to normal after a weekend cyclone.

U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement "will probably happen."

Warehouse stock for Zinc at LME was at 57075mt that is down by -575mt.

Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

EPIC RESEARCH MCX Copper UPDATE OF 26 March 2019



Copper trading range for the day is 432.9-439.9.

Copper moved lower as investors worried about the prospect of a recession in the United States, the world's biggest economy.

U.S. Treasury 10-year note yields dropped below three-month Treasury bill yields for the first time since 2007 after disappointing U.S. manufacturing data.

Copper stockpiles in ShFE warehouses fell slightly to 259,172 tonnes last week after a rapid build during a seasonal lull in demand.


Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

EPIC RESEARCH MCX Naturalgas UPDATE OF 26 March 2019



Naturalgas trading range for the day is 185.6-192.4.

Natural gas fell as forecasts pointed to moderate weather, potentially denting demand for the fuel already hit by lower flows to Louisiana's Sabine Pass export terminal.

U.S. dry natural gas production will rise to an all-time high of 90.73 billion cubic feet per day (bcfd) in 2019 from a record high of 83.35 bcfd in 2018

EIA also projected U.S. gas consumption would rise to an all-time high of 83.57 bcfd in 2019 from a record high 82.06 bcfd in 2018.

Output in the Lower 48, meanwhile, was at 88.6 bcfd, according to Refinitiv slightly below the daily all-time high of 89.1 bcfd on Nov. 30.

Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

EPIC RESEARCH MCX Crudeoil UPDATE OF 26 March 2019



Crudeoil trading range for the day is 4003-4151.

Crude oil gained as investors shrugged off fears of a global economic slowdown and focused on the prospect of tighter supply and lower U.S. crude inventories ahead.

Adding to the fears of a more widespread global downturn, manufacturing output data from Germany, shrunk for the third straight month.

OPEC and non-affiliated allies such as Russia, have pledged to withhold around 1.2 million barrels per day (bpd) of oil supply this year to prop up markets.

The EIA reported that U.S. crude supplies unexpectedly fell by nearly 10 million barrels for the week ended March 15, the most since July.

Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 26 March 2019



CPO trading range for the day is 522.5-529.3.

CPO settled down tracking weakness in spot demand and overseas prices amid bumper harvest last year in both Malaysia and Indonesia.

Stockpile concerns were further fanned after the European Union announced plans to phase out use of palm oil in renewable transport fuel by 2030.

Global palm oil demand may suffer its first contraction in two decades during the 2019/20 crop year due to rising domestic oilseed supplies.


Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

EPIC RESEARCH NCDEX Ref.Soya oil UPDATE OF 26 March 2019



Ref.Soya oil trading range for the day is 732-738.

Ref.Soya oil dropped tracking weakness in spot demand due to higher stocks.

Government cut tariff value of crude soy oil by 24 dollar to $729 per tn for the second half of March.

Crude soy oil imports down 17.3% on year to 1.86 lakh tonnes (lt) in January 2019. For Nov-Jan period, soy oil import volume drop 17.8%.



Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

EPIC RESEARCH NCDEX Rmseed UPDATE OF 26 March 2019



Rmseed trading range for the day is 3711-3757.

Rmseed dropped amid early arrival of new season crop combined with expectations of higher production of mustard seed in India.

India produced an average of about 65 lakh tonnes of mustard during the last three seasons.

Moreover, timely arrival of winter rains in the first half of January and temperature during germination to ripening was also optimum in the top-growing states.

Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

EPIC RESEARCH NCDEX Soyabean UPDATE OF 26 March 2019



Soyabean trading range for the day is 3672-3718.

Soyabean ended with losses tracking weakness in spot demand on projection of higher 2018-19 output

Soyabean prices also dropped on worries over demand for ample U.S. supplies as Brazilian farmers are harvesting a bumper crop.

Agriculture ministry estimated 2018-19 at 13.69 million tons, up 24.7% on year.

Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316