Mar 21, 2015
Sep 7, 2014
15 SEPT AND AHEAD COMMODITY LEVELS
COMMODITY LEVELS :
ZINC :- 137.95 - 138.8 - 140.30 - 144.95. IF HOLD 138.8 THEN GO LONG.
LEAD :- 128 - 129.25 - 129.8 - 133.60 .
COPPER :- 419.55 - 422.20 - 424.35 - 429.50.
NICKEL :- 1122 - 1125 - 1145 - 1167 .
ALUMINIM :- 122.80 - 123.10 - 124.6 - 126.6
[ALWAYS USE BOTTOM SIDE TO ENTER AND BOOK NEAR RESISTANCE ]
TRADE WITH SL AND BOOK PROFIT TIME TO TIME IS GOOD THING !!!!!
ZINC :- 137.95 - 138.8 - 140.30 - 144.95. IF HOLD 138.8 THEN GO LONG.
LEAD :- 128 - 129.25 - 129.8 - 133.60 .
COPPER :- 419.55 - 422.20 - 424.35 - 429.50.
NICKEL :- 1122 - 1125 - 1145 - 1167 .
ALUMINIM :- 122.80 - 123.10 - 124.6 - 126.6
[ALWAYS USE BOTTOM SIDE TO ENTER AND BOOK NEAR RESISTANCE ]
TRADE WITH SL AND BOOK PROFIT TIME TO TIME IS GOOD THING !!!!!
Aug 29, 2014
1 SEPT. LEVELS
ZINC {SUPPORT} 141.85 - 142.80 - 143.10 {RESISTANCE}.
NICKEL {SUPORT} 1128 - 1135 - 1143 {RESISTANCE}.
ALUMINIUM {SUP} 125.5 - 127.3 - 129.25 {RESISTANCE}.
COPPER {SUPPORT} 428.9 - 429.8 - 433.55{RESISTANCE}
GOLD OCT {SUPPORT } 27825 - 27985 - 28350 {RESISTANCE }
SILVER [SEPT} {SUPORT} 41960 - 42290 - 42520
CRUDEOIL [SUPPORT] 5775 - 5810 - 5970
BUY NEAR SUPPORT AND SELL NEAR RESISTANCE .
ALWAYS TRADE WITH SL & BOOK PROFIT TIME TO TIME.
NICKEL {SUPORT} 1128 - 1135 - 1143 {RESISTANCE}.
ALUMINIUM {SUP} 125.5 - 127.3 - 129.25 {RESISTANCE}.
COPPER {SUPPORT} 428.9 - 429.8 - 433.55{RESISTANCE}
GOLD OCT {SUPPORT } 27825 - 27985 - 28350 {RESISTANCE }
SILVER [SEPT} {SUPORT} 41960 - 42290 - 42520
CRUDEOIL [SUPPORT] 5775 - 5810 - 5970
BUY NEAR SUPPORT AND SELL NEAR RESISTANCE .
ALWAYS TRADE WITH SL & BOOK PROFIT TIME TO TIME.
Jun 23, 2014
INTRODUCTION TO COMMODITY MARKET.
HALLO FRIENDS !!!
WELCOME TO COMMODITY HEIGHTS.
WE HERE GUIDE U AND TELL YOU ABOUT COMMODITY MARKET AND MCX TRADING.
Gold
Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.
Introduction
Gold (Chemical Symbol-Au) is primarily a monetary asset and partly a commodity.
Gold is the world's oldest international currency.
Gold is an important element of global monetary reserves.
With regard to the investment value, more than two-thirds of gold total accumulated holdings is with central banks' reserves, private players, and held in the form of jewellery.
Less than one-third of gold's total accumulated holdings are used as “commodity” for jewellery in the western markets and industry.
Demand and Supply
World investment amounted to 1614 MT in 2012, broadly flat year-on-year, but the approximate value of this demand reached a new record of almost $87 billion.
Major drivers of this strong investment included further monetary loosening in the developed world, continued sovereign debt crisis, rising longer-term inflation fears and in key markets, negative real interest rates coupled with limited attractive risk-free investment alternatives to gold.
In 2012, the gold mine production increased by 12 MT to 2848 MT and the combined demand for bars & coins dropped from 1515 MT to 1256 MT.
Global Scenario
London is the world’s biggest clearing house.
Mumbai is under India's liberalised gold regime.
New York is the home of gold futures trading.
Zurich is a physical turntable.
Istanbul, Dubai, Singapore, and Hong Kong are doorways to important consuming regions.
Tokyo, where TOCOM sets the mood of Japan.
Indian Scenario
India, world’s largest market for gold jewellery and a key driver of the global gold demand.
The domestic drivers of gold demand are largely independent of outside forces. Indian households hold the largest stock of gold in the world.
Two thirds of the Indian demand for gold comes from the rural parts of the country.
In 2012, gold's role as an inflation hedge bolstered its appeal in India. India imported around 850 metric tonne (MT) of gold in 2012.
Factors Influencing the Market
Above ground supply of gold from central bank's sale, reclaimed scrap, and official gold loans.
Hedging interest of producers/miners.
World macroeconomic factors such as the US Dollar, interest rate and economic events.
Commodity-specific events such as the construction of new production facilities or processes, unexpected mine or plant closures, or industry restructuring.
In India, gold demand is also determined to a large extent by its price level and volatility.
Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.
Introduction
Gold (Chemical Symbol-Au) is primarily a monetary asset and partly a commodity.
Gold is the world's oldest international currency.
Gold is an important element of global monetary reserves.
With regard to the investment value, more than two-thirds of gold total accumulated holdings is with central banks' reserves, private players, and held in the form of jewellery.
Less than one-third of gold's total accumulated holdings are used as “commodity” for jewellery in the western markets and industry.
Demand and Supply
World investment amounted to 1614 MT in 2012, broadly flat year-on-year, but the approximate value of this demand reached a new record of almost $87 billion.
Major drivers of this strong investment included further monetary loosening in the developed world, continued sovereign debt crisis, rising longer-term inflation fears and in key markets, negative real interest rates coupled with limited attractive risk-free investment alternatives to gold.
In 2012, the gold mine production increased by 12 MT to 2848 MT and the combined demand for bars & coins dropped from 1515 MT to 1256 MT.
Global Scenario
London is the world’s biggest clearing house.
Mumbai is under India's liberalised gold regime.
New York is the home of gold futures trading.
Zurich is a physical turntable.
Istanbul, Dubai, Singapore, and Hong Kong are doorways to important consuming regions.
Tokyo, where TOCOM sets the mood of Japan.
Indian Scenario
India, world’s largest market for gold jewellery and a key driver of the global gold demand.
The domestic drivers of gold demand are largely independent of outside forces. Indian households hold the largest stock of gold in the world.
Two thirds of the Indian demand for gold comes from the rural parts of the country.
In 2012, gold's role as an inflation hedge bolstered its appeal in India. India imported around 850 metric tonne (MT) of gold in 2012.
Factors Influencing the Market
Above ground supply of gold from central bank's sale, reclaimed scrap, and official gold loans.
Hedging interest of producers/miners.
World macroeconomic factors such as the US Dollar, interest rate and economic events.
Commodity-specific events such as the construction of new production facilities or processes, unexpected mine or plant closures, or industry restructuring.
In India, gold demand is also determined to a large extent by its price level and volatility.
 | |||||||||
| SILVER |
Silver
Introduction
Silver (Chemical symbol-Ag) is a brilliant grey-white metal that is soft and malleable.
Silver’s unique properties include its strength, malleability, ductility, electrical and thermal conductivity, sensitivity, high reflectance of light, and reactivity.
The main source of silver is lead ore, although it can also be found associated with copper, zinc and gold and produced as a by-product of base metal mining activities.
Secondary silver sources include coin melt, scrap recovery, and dis-hoarding from countries where export is restricted. Secondary sources are price sensitive.
Demand and Supply
In 2011, the worldwide silver fabrication demand was 876.6 million ounces (Moz)—down by 1.5% from the value in 2010, but still reaching its second highest level since 2000.
Globally, in 2011, the physical silver bar investment grew by 67% to 95.7 Moz, while fabrication of coins and medals rose by almost 19% to an all-time high of 118.2 Moz.
In 2011, silverware offtake dropped by 10.2% to 46.0 Moz from the previous year, as a result of lower demand in India. Higher prices coupled with ongoing structural decline in the western markets caused a fall in the Indian silverware demand. Part of this fall was offset by some gains in China.
The world silver mine production increased by 1.4% to a new record level of 761.6 Moz in 2011, as compared with the previous year.
In 2011, scrap supply rose by 12% over the previous fiscal to a second straight record of 256.7 Moz, driven by gains in jewellery and silverware recycling on higher prices.
Government sales fell by a massive 74 per cent to a 14-year low of 11.5 Moz in 2011.The drastic decline was entirely due to a collapse in sales from Russia, where disposals dropped by nearly 90%.
Notable production losses were observed in Australia, Peru, the United States and Turkey in 2011, amounting to 20.3 Moz.
Global Scenario
Silver is predominantly traded on the London Bullion Market Association (LBMA) and COMEX in New York.
LBMA, the global hub of over-the-counter (OTC) trading in silver, is the metal’s main physical market. Comex is a futures and options exchange, where most funds’ activities are focused.
Silver is invariably quoted in US Dollars per troy ounce.
Indian Scenario
The average annual demand for silver in India is about 2500 Metric tonnes (MT) per year. In 2011, the country’s production was around 342.13 MT.
Nearly 60% of India's silver demand comes from farmers and rural India, who store their savings in the form of silver bangles and coins.
Factors Influencing the Market
Economic events such as India’s industrial growth, the global financial crisis, recession and inflation affect metal prices.
Commodity-specific events such as the construction of new production facilities or processes, unexpected mine or plant closures, or industry restructuring affect the market.
Governments set trade policy (implementation or suspension of taxes, penalties, and quotas) that affect supply by regulating (restricting or encouraging) the material flow.
Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes.
A faster growth in demand against supply often leads to a drop in stocks with the government and investors.
Silver demand is underpinned by the demand from jewellery and silverware, industrial applications, and overall industrial growth.
In India, the real industrial demand occupies a small share in the total industrial demand for silver. This is in sharp contrast to most developed economies.
In India, silver demand is also determined to a large extent by its price level and volatility.
Introduction
Silver (Chemical symbol-Ag) is a brilliant grey-white metal that is soft and malleable.
Silver’s unique properties include its strength, malleability, ductility, electrical and thermal conductivity, sensitivity, high reflectance of light, and reactivity.
The main source of silver is lead ore, although it can also be found associated with copper, zinc and gold and produced as a by-product of base metal mining activities.
Secondary silver sources include coin melt, scrap recovery, and dis-hoarding from countries where export is restricted. Secondary sources are price sensitive.
Demand and Supply
In 2011, the worldwide silver fabrication demand was 876.6 million ounces (Moz)—down by 1.5% from the value in 2010, but still reaching its second highest level since 2000.
Globally, in 2011, the physical silver bar investment grew by 67% to 95.7 Moz, while fabrication of coins and medals rose by almost 19% to an all-time high of 118.2 Moz.
In 2011, silverware offtake dropped by 10.2% to 46.0 Moz from the previous year, as a result of lower demand in India. Higher prices coupled with ongoing structural decline in the western markets caused a fall in the Indian silverware demand. Part of this fall was offset by some gains in China.
The world silver mine production increased by 1.4% to a new record level of 761.6 Moz in 2011, as compared with the previous year.
In 2011, scrap supply rose by 12% over the previous fiscal to a second straight record of 256.7 Moz, driven by gains in jewellery and silverware recycling on higher prices.
Government sales fell by a massive 74 per cent to a 14-year low of 11.5 Moz in 2011.The drastic decline was entirely due to a collapse in sales from Russia, where disposals dropped by nearly 90%.
Notable production losses were observed in Australia, Peru, the United States and Turkey in 2011, amounting to 20.3 Moz.
Global Scenario
Silver is predominantly traded on the London Bullion Market Association (LBMA) and COMEX in New York.
LBMA, the global hub of over-the-counter (OTC) trading in silver, is the metal’s main physical market. Comex is a futures and options exchange, where most funds’ activities are focused.
Silver is invariably quoted in US Dollars per troy ounce.
Indian Scenario
The average annual demand for silver in India is about 2500 Metric tonnes (MT) per year. In 2011, the country’s production was around 342.13 MT.
Nearly 60% of India's silver demand comes from farmers and rural India, who store their savings in the form of silver bangles and coins.
Factors Influencing the Market
Economic events such as India’s industrial growth, the global financial crisis, recession and inflation affect metal prices.
Commodity-specific events such as the construction of new production facilities or processes, unexpected mine or plant closures, or industry restructuring affect the market.
Governments set trade policy (implementation or suspension of taxes, penalties, and quotas) that affect supply by regulating (restricting or encouraging) the material flow.
Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes.
A faster growth in demand against supply often leads to a drop in stocks with the government and investors.
Silver demand is underpinned by the demand from jewellery and silverware, industrial applications, and overall industrial growth.
In India, the real industrial demand occupies a small share in the total industrial demand for silver. This is in sharp contrast to most developed economies.
In India, silver demand is also determined to a large extent by its price level and volatility.
Platinum
Platinum is the rarest of all precious metals. It has several unique chemical and physical properties that make it essential in a wide range of industrial and environmental applications. Platinum is also considered as one of the finest of all jewellery metals.
Major Characteristics
Platinum as a pure metal is silvery-white in appearance, lustrous, ductile, and malleable. It is widely used in several industrial applications as it possesses high resistance to chemical attack, excellent high-temperature characteristics, and stable electrical properties.
Platinum is corrosion resistant and is more precious than gold. Platinum's wear- and tarnish-resistance characteristics are well suited for making fine jewelry.
Platinum is traded as a commodity with prices determined by market forces. It is also a widely sought after investment avenue in recent years. However, it is not widely treated as a monetary base like gold
Global Supply Demand Scenario
The supply of platinum is met by mine production, auto catalyst refining and jewellery refining with their respective contribution estimated to be 6.15 million ounces, 1 million ounce and 0.9 million ounce in 2008.
The annual production of platinum has averaged around 6.2 million ounces (193 tonnes) in the previous three years from 2006 with more than 90% of the production coming from South Africa (76%) and Russia. The other producers are United States of America, Canada and Zimbabwe.
The production of platinum is highly dependent on South Africa's production with 2009 output from South Africa, Russia, USA and Zimbabwe estimated to be 4.7 million ouces, 0.74, 0.25 and 0.33 million ounces respectively.
The platinum mining industry is very capital intensive and it is reported that approximately 10 tonnes of raw ore has to be mined to produce just one pure ounce of platinum.
Unlike other precious metals like gold and silver, there are no large above-ground platinum stockpiles to protect against significant supply disruptions. Some estimates predict that existing above ground reserves would last only for a year, if platinum mining was suddenly stopped.
The demand for platinum mainly comes from auto catalyst, jewellery, other industrial application and investment. The other industries uses platinum are electronics, glass and petroleum industry.
The total global demand for this rare metal is reported to be around 7.79 million ounces in 2008, with consumption by auto catalyst (used in automobiles), jewellery, investment and other industrial applications estimated to be around 3.8, 1.6, 0.45 and 1.9 million ounces respectively.
North America, Europe, China and Japan are the most important economies accounting for majority of the global platinum consumption.
World Gold Markets
The London Platinum and Palladium Market (LPPM), which provides the industry benchmark price ‘London fix’
Derivative exchanges at New York – CME (COMEX), TOCOM (Japan), MCX (Mumbai)
Indian Platinum Market
India's appetite for platinum has been steadily increasing in recent years on account of the country's economic progress leading to rising industrial demand and increasing preference for platinum jewellery in urban areas.
India's consumption of platinum in 2008-09 is estimated to be around 932 kgs, which is expected to rise to around 1200 kgs in 2009-10.
The approximate consumption by various sectors in India is estimated to be automobile (55%), petrochemicals (25%), jewellery (15%) and electronics & dental (5%).
Market Moving Factors
Indian platinum prices are highly correlated with international prices. However, the fluctuations in the INR-US Dollar impact domestic platinum prices and have to be closely followed.
The global prices are driven by a host of factors with macro-economic factors like strength of the global economy, currency movements, interest rates, rising importance of emerging markets being major influencing factors.
Economic situation in major consuming countries like USA, Europe, Japan and China influence consumption on account to its high demand from industrial sectors, especially automobiles.
Platinum production is highly skewed with just four mines and two countries producing almost 90% of the total annual production. Prices are influenced profoundly by production disruptions, policies taken in producing countries. The influence of this factor is enhanced by the absence of any significant global stocks of platinum in the world, unlike that of gold and silver. Additionally, platinum mining is a very capital intensive industry, which discourages entry of new players.
Any change in global stocks, of which a major portion is present in Russia do influence prices.
The price movement in other precious metals, especially gold is a major influencing factor.
Platinum is the rarest of all precious metals. It has several unique chemical and physical properties that make it essential in a wide range of industrial and environmental applications. Platinum is also considered as one of the finest of all jewellery metals.
Major Characteristics
Platinum as a pure metal is silvery-white in appearance, lustrous, ductile, and malleable. It is widely used in several industrial applications as it possesses high resistance to chemical attack, excellent high-temperature characteristics, and stable electrical properties.
Platinum is corrosion resistant and is more precious than gold. Platinum's wear- and tarnish-resistance characteristics are well suited for making fine jewelry.
Platinum is traded as a commodity with prices determined by market forces. It is also a widely sought after investment avenue in recent years. However, it is not widely treated as a monetary base like gold
Global Supply Demand Scenario
The supply of platinum is met by mine production, auto catalyst refining and jewellery refining with their respective contribution estimated to be 6.15 million ounces, 1 million ounce and 0.9 million ounce in 2008.
The annual production of platinum has averaged around 6.2 million ounces (193 tonnes) in the previous three years from 2006 with more than 90% of the production coming from South Africa (76%) and Russia. The other producers are United States of America, Canada and Zimbabwe.
The production of platinum is highly dependent on South Africa's production with 2009 output from South Africa, Russia, USA and Zimbabwe estimated to be 4.7 million ouces, 0.74, 0.25 and 0.33 million ounces respectively.
The platinum mining industry is very capital intensive and it is reported that approximately 10 tonnes of raw ore has to be mined to produce just one pure ounce of platinum.
Unlike other precious metals like gold and silver, there are no large above-ground platinum stockpiles to protect against significant supply disruptions. Some estimates predict that existing above ground reserves would last only for a year, if platinum mining was suddenly stopped.
The demand for platinum mainly comes from auto catalyst, jewellery, other industrial application and investment. The other industries uses platinum are electronics, glass and petroleum industry.
The total global demand for this rare metal is reported to be around 7.79 million ounces in 2008, with consumption by auto catalyst (used in automobiles), jewellery, investment and other industrial applications estimated to be around 3.8, 1.6, 0.45 and 1.9 million ounces respectively.
North America, Europe, China and Japan are the most important economies accounting for majority of the global platinum consumption.
World Gold Markets
The London Platinum and Palladium Market (LPPM), which provides the industry benchmark price ‘London fix’
Derivative exchanges at New York – CME (COMEX), TOCOM (Japan), MCX (Mumbai)
Indian Platinum Market
India's appetite for platinum has been steadily increasing in recent years on account of the country's economic progress leading to rising industrial demand and increasing preference for platinum jewellery in urban areas.
India's consumption of platinum in 2008-09 is estimated to be around 932 kgs, which is expected to rise to around 1200 kgs in 2009-10.
The approximate consumption by various sectors in India is estimated to be automobile (55%), petrochemicals (25%), jewellery (15%) and electronics & dental (5%).
Market Moving Factors
Indian platinum prices are highly correlated with international prices. However, the fluctuations in the INR-US Dollar impact domestic platinum prices and have to be closely followed.
The global prices are driven by a host of factors with macro-economic factors like strength of the global economy, currency movements, interest rates, rising importance of emerging markets being major influencing factors.
Economic situation in major consuming countries like USA, Europe, Japan and China influence consumption on account to its high demand from industrial sectors, especially automobiles.
Platinum production is highly skewed with just four mines and two countries producing almost 90% of the total annual production. Prices are influenced profoundly by production disruptions, policies taken in producing countries. The influence of this factor is enhanced by the absence of any significant global stocks of platinum in the world, unlike that of gold and silver. Additionally, platinum mining is a very capital intensive industry, which discourages entry of new players.
Any change in global stocks, of which a major portion is present in Russia do influence prices.
The price movement in other precious metals, especially gold is a major influencing factor.
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