Friday, 20 July 2018

EPIC RESEARCH MCX CARDAMOM UPDATE OF 20 July 2018

Cardamom trading range for the day is 1102.7-1161.7.

* Cardamom dropped on profit booking after prices gained as there are fears of damage to standing crops and delay in new crop supplies.

* Stockists did not make buying on hopes of higher output and early commencement of new crop supplies.

* Rains have also impacted the new crops and supplies from the fresh crop would get momentum by the third week of this month.

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EPIC RESEARCH NCDEX JEERA UPDATE OF 20 July 2018

Jeera trading range for the day is 18380-19130.

* Jeera prices dropped on profit booking after prices gained due to firm trend in physical market and improved exports.

* India jeera crop is projected for bumper harvest thanks to higher acreage and favorable weather conditions.

* NCDEX accredited warehouses jeera stocks gained by 129 tonnes to 2270 tonnes

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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 20 July 2018

Turmeric trading range for the day is 7038-7410.

* Turmeric prices gained owing to fall in arrivals amid sustained demand.

* At Erode market, total arrivals are at 2500 bags, up by 500 bags as compared to previous day.

* NCDEX accredited warehouses turmeric stocks gained by 21 tonnes to 5499 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 7356.8 Rupees gained 11.55 Rupees.

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EPIC RESEARCH NCDEX RMSEED UPDATE OF 20 July 2018

Rmseed trading range for the day is 4170-4238.

* Mustard seed dropped tracking weakness in spot demand and other oilseed counters after prices seen supported on reports of good demand for meal exports.

* Mustard oil mills across the country crushed 650,000 tn of the oilseed, down 27% from previous month as per data.

* NCDEX accredited warehouses mustard seed stocks dropped by 1993 tonnes to 88626 tonnes.
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EPIC RESEARCH MCX crude palm oil UPDATE OF 20 July 2018

CPO trading range for the day is 612.9-620.9.

* Crude palm oil dropped owning higher supply amid subdued buying interest in global market.

* Expectation of higher supply from Malaysia and declining buying interest kept CPO down.

* Prices of palm oil were also down as closing stockpiles of palm oil in June rose marginally by 0.83% to 2.188 million tons.

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EPIC RESEARCH NCDEX REF.SOYAOIL UPDATE OF 20 July 2018

Ref.Soya oil trading range for the day is 744-750.

* Ref soyoil dropped tracking weakness in spot demand on hopes of good sowing progress in coming weeks.

* Pressure also seen due to lower tariff value and higher stock positions in the country.

* Stocks of edible oil in ports and pipeline are estimated at 2.518 million tons as on July 1 compared to 2.278 million tons a year ago.

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 744.85 Rupees per 10 kgs.


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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 20 July 2018


Soyabean trading range for the day is 3349-3439.

* Soyabean prices dropped on profit booking after price gained supported by expectation of increase in meal exports.

* The area under soybean in the country increased by 4% compared to last year sowing at 76 lakh ha.

* NCDEX accredited warehouses soyabean stocks gained by 1093 tonnes to 8488 tonnes.

* At the Indore spot market in top producer MP, soybean gained 17 Rupees to 3589 Rupees per 100 kgs.

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EPIC RESEARCH MCX MENTHAOIL UPDATE OF 20 July 2018

Menthaoil trading range for the day is 1507.6-1604.2.

* Mentha oil spot at Sambhal closed at 1790.00 per 1kg. Spot prices was up by Rs.43.70/-.

* Mentha oil prices ended with gains amid rise in demand from consuming industries at the spot market.

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

* There could be chances of crop damage to certain extend due to unfavourable weather condition.


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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 20 July 2018

Aluminium trading range for the day is 136.7-140.7.

* Aluminium dropped as fund selling accelerated due to worries about demand from the trade tussle between the United States and top consumer China.

* China June alumina output +6.3 pct y/y at 5.86 mln tonnes, the National Bureau of Statistics said.

* China’s primary aluminium social inventory extended its weekend gains as consumption weakened on a seasonal lull and as deliveries arrived at the warehouses.

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EPIC RESEARCH MCX NICKEL UPDATE OF 20 July 2018

Nickel trading range for the day is 897.3-943.3.

* Nickel dropped as prices remained under pressure amid fears that an escalating trade spat between US and China could hit demand, particularly if Chinese growth is affected.

* ale Indonesia Q2 nickel in matte production at 18,893 tonnes versus 20,107 tonnes in Q2 2017

* The US housing starts tumbled 12.3% to a seasonally adjusted annual rate of 1.17 million units in June, the lowest level since September 2017.


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