EPIC RESEARCH NCDEX Rmseed UPDATE OF 8 March 2019

Rmseed trading range for the day is 3799-3841.

Mustard seed gained on short covering after prices dropped on expectation of higher production prospects this year.

Mustard production is forecast about 84 lakh tonnes, up 1% y/y, in second advance estimate for 2018-19 by Government.

As per SEA, the production will be higher by about 19% this season to over 81 lakh tonnes due to better climate and higher area.


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EPIC RESEARCH MCX Silver UPDATE OF 5 March 2019

Silver trading range for the day is 38392-39084.

Silver prices ended with losses as better-than-expected U.S. GDP data bolstered the greenback.

Fed Chairman Jerome Powell: US faces challenges including low productivity. Upward inflation pressure muted despite strong job market.

Fed's Kaplan: 2019 growth will be slower given waning stimulus and higher rates

Vice Chairman Richard Clarida said the Fed should discount any models that project a surge of inflation and wait for incoming data to prove it is happening.


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EPIC SEARCH NCDEX Soyabean UPDATE OF 21 January 2019

Soyabean trading range for the day is 3736-3850.

Soyabean prices gained amid expectations of fresh export demand for soymeal from Iran and other countries.

India's December soymeal exports jumped 42% on year to 240,530 tons, as per Solvent Extractors Association of India data.

NCDEX accredited warehouses soyabean stocks dropped by 443 tonnes to 134931 tonnes.

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EPIC RESEARCH MCX Crudeoil UPDATE OF 19 October 2018

Crudeoil trading range for the day is 4995-5171.

# Crude oil dropped as the fourth weekly increase in U.S. crude inventories suggested ample supply.

# U.S. crude inventories rose 6.5 million barrels, Wednesday, the fourth straight weekly increase and almost three times what had forecasted.

# Investors are concerned that Saudi Arabia could use oil supply to retaliate against its critics. -

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EPIC RESEARCH MCX Gold UPDATE OF 05 October 2018

Gold trading range for the day is 31048-31722.

* Gold steadied as surging U.S. government bond yields and nervousness about inflationary pressures sent stock markets tumbling and investors to seek safety.

* Further supporting the dollar was data showing strength in the U.S. job market, with service sector activity racing to a 21-year high in September.

* The Fed raised U.S. rates last week and said it planned four more increases by the end of 2019 and another in 2020, citing steady economic growth.



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EPIC RESEARCH MCX Cardamom UPDATE OF 13 August 2018

Cardamom trading range for the day is 1123.8-1190.4.

Cardamom 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.

Heavy monsoon rainfall that has caused damage to plantation thereby resulting in crop loss and downward revision of earlier made higher crop estimates.

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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 26 June 2018

Turmeric trading range for the day is 7176-7432.

Turmeric prices dropped pressurized by rains in Telangana and Maharashtra turmeric growing areas.

Sowing of turmeric has started in Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu and other states but rainfall in coming days would be crucial.

NCDEX accredited warehouses turmeric stocks dropped by -159 tonnes to 5618 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7430 Rupees dropped -8.4 Rupees.


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EPIC RESEARCH MCX GOLD UPDATE OF 20 June 2018

Gold trading range for the day is 30732-31178.

Gold fell as a stronger greenback was overwhelmed by safe-haven buying, spurred by fears of a trade war between the world’s two top economies.

U.S. President Donald Trump said that he has ordered the U.S. Trade Representative to identify $200 billion worth of China goods for additional tariffs.

Trump said in a statement that the move would be in retaliation for China’s earlier decision to raise tariffs on $50 billion in U.S. goods.

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EPIC RESEARCH MCX CARDAMOM UPDATE OF 19 June 2018

Cardamom trading range for the day is 945.4-997.2.

Cardamom prices gained tracking firmness in spot demand after prevailing weather conditions in the producing centres of Kerala are favourable.

An anticipated delay in commencement of new crop supplies also supporting the prices.

Earlier, there were reports that excessive rains in some part of Idduki district of Kerala hit the cardamom plants.

Cardamom prices in spot market gained by 1.80 rupees and settled at 1002.50 rupees.

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EPIC RESEARCH NCDEX JEERA UPDATE OF 19 June 2018

Jeera trading range for the day is 16015-16975.

Jeera prices dropped on profit booking after prices gained on robust demand from the domestic and export market.

Export demand for Indian jeera is expected to be strong in the current season owing to lower supplies from Turkey and Syria.

NCDEX accredited warehouses jeera stocks gained by 122 tonnes to 2134 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 50.65 Rupees to end at 16533.35 Rupees per 100 kg.
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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 19 June 2018

Turmeric trading range for the day is 7112-7464.

Turmeric prices ended with losses on profit booking after prices gained as sowing has been delayed due to lack of sufficient rains.

Pressure also seen as monsoon is likely become active during the second part of coming week.

NCDEX accredited warehouses turmeric stocks dropped by 20 tonnes to 5777 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7361.75 Rupees dropped -29.9 Rupees.

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EPIC RESEARCH NCDEX RMSEED UPDATE OF 19 June 2018

Rmseed trading range for the day is 3958-4058.

Mustard seed dropped on profit booking after prices gained on higher demand for oil in domestic market and lower arrivals.

According to data, mills across the country crushed 900,000 tn of the oilseed in May, unchanged from the previous month.

 NCDEX accredited warehouses mustard seed stocks dropped by 249 tonnes to 98352 tonnes.

 In Alwar spot market in Rajasthan the prices dropped -12.9 Rupees to end at 4102.25 Rupees per 100 kg.
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EPIC RESEARCH MCX CPO UPDATE OF 19 June 2018

CPO trading range for the day is 634.6-644.4.

Crude palm oil ended with losses on the back of weaker export demand and a fall in crude oil prices.

India’s palm oil imports in May plunged 38 per cent from a year earlier to their lowest in nearly four and a half years.

Exports of Malaysian palm oil products for June 1 – 15 fell 7.2 percent to 500,197 tonnes from 539,084 tonnes shipped during May 1 – 15.

Crude palm oil prices in spot market dropped by 2.40 rupees and settled at 642.40 rupees.

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EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 19 June 2018

Ref.Soya oil trading range for the day is 745-755.

Ref soyoil ended with losses on robust stockpiles and higher import duty.

Stocks of edible oil in ports and pipeline are estimated at 2.662 million tons as on June 1 compared to 2.160 million tons a year ago.

India's vegetable oil imports declined 7% on year to 1.3 mln tn in May, according to data released by the Solvent Extractors' Association of India.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 749.65 Rupees per 10 kgs.

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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 19 June 2018

Soyabean trading range for the day is 3436-3508.

Soyabean gained on short covering after prices dropped due to subdued demand in the physical market.

Around 25% of soybean stocks are with farmers and stockiest till May 31 on weak demand from crushers

NCDEX accredited warehouses soyabean stocks dropped by 197 tonnes to 15800 tonnes.

At the Indore spot market in top producer MP, soybean gained 11 Rupees to 3569 Rupees per 100 kgs.
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EPIC RESEARCH MCX MENTHA OIL UPDATE OF 19 June 2018

Menthaoil trading range for the day is 1116-1171.6.

Mentha oil spot at Sambhal closed at 1305.90 per 1kg. Spot prices was down by Rs.-10.10/-.

Mentha oil prices dropped amid a fall in demand from consuming industries at the spot market.

Further, ample stocks position on increased supplies from the major producing belts of Chandausi in Uttar Pradesh too weighed.

As per preliminary estimates, acreage under mentha crop will rise this year as the farmers are encouraged by higher prices.
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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 19 June 2018

Aluminium trading range for the day is 149.6-154.2.

Aluminium gained on short covering after prices pulled down by the looming trade war between China and the United States.

China's inventory of primary aluminium, including SHFE warrants, shrank 53,000 mt to stand at 1.92 million mt.

Japan's exports rose in May at the fastest pace in four months in a sign that global demand is gaining strength.
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EPIC RESEARCH MCX NICKEL UPDATE OF 19 June 2018

Nickel trading range for the day is 997.5-1049.5.

Nickel dropped on fears trade tensions between the world’s two largest economies could escalate and demand from China could cool after last week’s lacklustre data.

Nickel ore inventories across all Chinese ports increased 380,000 wmt from a week ago to 8.16 million wmt as of Friday June 15.

Nickel ore stocks across seven major Chinese ports grew 560,000 wmt from the previous week and registered 5.77 million wmt.
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EPIC RESEARCH MCX ZINC UPDATE OF 19 June 2018

Zinc trading range for the day is 208.9-213.3.

Zinc prices dropped as an escalation in trade tensions between China and the United States, which has stirred up some risk aversion in the market.

Social inventory of zinc across Shanghai, Guangdong and Tianjin extended its increase as zinc imports continued to flow into Shanghai and as consumption remained weak.

Zinc social inventory in Shanghai increased 10,000 mt to stand at 110,300 mt while inventory in Guangdong and Tianjin shrank 2,800 mt and 2,500 mt, respectively.

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EPIC RESEARCH MCX COPPER UPDATE OF 19 June 2018

Copper trading range for the day is 461.9-477.1.

Copper slipped on pressure from a stronger dollar, while a holiday in China drained buying interest from the market.

China's copper imports rose to their highest in 17 months in May as the country's crackdown on scrap leaves it buying more of the metal in other forms.

Hedge funds and money managers raised their net long positions in COMEX copper in the week to June 12, by 28,941 contracts to 77,740 contracts, U.S. CFTC data showed.

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