Mentha Oil Spot At Sambhal Closed At 1839.20 Per 1kg. Spot Prices

Mentha oil trading range for the day is 1647.6-1724.2.

Mentha oil spot at Sambhal closed at 1839.20 per 1kg. Spot prices was down by Rs.-2.20/-.

Menthaoil settled up due to bullish demand outlook from domestic market as well as exporters.

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


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Silver Prices Dropped As Dollar Strength Continued To Put Downward Pressure

Silver trading range for the day is 36085-36925.

Silver prices dropped as dollar strength continued to put downward pressure on the precious metal.

Demand for the dollar was underpinned after the Federal Reserve indicated last week that rates are likely to rise in December and again in early 2019.

Strong U.S. producer price index data on Friday also served as an endorsement for the Fed to tighten again at the end of year, placing pressure on prices.

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Zinc Gained As The Market Refocused From The US Midterm Election Results

Zinc trading range for the day is 178.7-189.5.

Zinc gained as the market refocused from the US midterm election results to the declines in LME inventories.

Inventories in Shanghai, Guangdong and Tianjin came in at 135,900 mt as of Nov 5, down 14,800 mt from a week ago

China is ready to hold discussions and work with the United States to resolve trade disputes because the world's two largest economies stand to lose from confrontation.

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Jeera Trading Range For The Day Is 19615-20115

Jeera trading range for the day is 19615-20115.

Jeera prices ended with losses tracking weakness in spot demand amid higher arrivals in the physical market.

During monsoon season, Jeera producing districts of Gujarat received scanty rains, which will affect its production in next season.

NCDEX accredited warehouses jeera stocks dropped by 107 tonnes to 2642 tonnes.

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Natural Gas Fell As Production Was Expected To Slowly Rise

Natural gas trading range for the day is 225.7-245.7.

Natural gas fell as production was expected to slowly rise as drillers return to offshore Gulf of Mexico wells after Hurricane Michael.

Inventories increased in line with expectations, but the colder than normal weather than is expected to cover most of the US for next 2-weeks should increase heating demand.

Implied volatility for gas futures rose to an eight-month high as prices jumped earlier in the week on concerns the amount of gas in storage was well below normal.

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Zinc Trading Range For The Day Is 193.8-201.6

Zinc trading range for the day is 193.8-201.6.

Zinc prices remained supported on shrinking inventories and smelter cuts in China despite of trade and inflation worries.

Demand for refined zinc will exceed supply by 322,000 tonnes this year, but the gap will narrow to 72,000 tonnes in 2019, industry data showed.

Resumption from maintenance raised output of refined zinc across Chinese smelters to 446,700 mt in September, up 6.7% from August.

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Silver Prices Gained As The Dollar Softened After Data Showed U.S. Job Growth

Silver trading range for the day is 38471-39761.

Silver prices gained as the dollar softened after data showed U.S. job growth slowed in September, easing concerns about a large run-up in inflation.

U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls.

The unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions.


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Silver Trading Range For The Day Is 38544-39542

Silver trading range for the day is 38544-39542.

Silver prices inched down as investors remained cautious after U.S. Treasury yields hit multi-year peaks and ahead of monthly employment data

Fed’s Evans said he was comfortable with expectations in financial markets that the U.S. central bank will raise interest rates again in December.

The ADP and Moody’s Analytics revealed that U.S. services and private payrolls increased by 230,000 in September.



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Ref Soy Oil Gained Supported By Higher Import Duty, Weaker Rupees

Ref.Soya oil trading range for the day is 741-753.

Ref soya oil gained supported by higher import duty, weaker rupees and improving physical demand.

SOPA said that soymeal export of India is likely to jump as much as 70% in 2018/19 from a year ago, on the back of expected purchases from China.

further said the additional demand could lift the south Asian country's soymeal exports in the new marketing season starting from October to 3 million tonnes.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 746 Rupees per 10 kgs.

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Silver Steadied After The Federal Reserve Announced A Much Anticipated Third U.S. Rate

Silver trading range for the day is 37558-38450.

Silver steadied after the Federal Reserve announced a much-anticipated third U.S. rate hike for the year.

The Fed raised interest rates by a quarter percentage point, increasing the overnight U.S. funds rate to a range of 2.00% to 2.25%.

The central bank said in a statement that its decision was in response to the country’s faster pace of economic growth.

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Gold Seen Supported After The Dollar Dropped Following Remarks

Gold trading range for the day is 30479-31073.

Gold seen supported after the dollar dropped following remarks by the head of the European Central Bank.

China has cancelled trade talks with the United States, with the market also eyeing this week’s U.S. Federal Reserve meeting for guidance on future rate hikes.

China added $60 billion of U.S. products to its import tariff list, retaliating against U.S. duties on $200 billion of Chinese goods.

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Natural Gas Prices Gained As Colder Than Expected Weather Is Expected To Cover Most

Natural Gas trading range for the day is 205.1-219.3.

Natural gas prices gained as colder than expected weather is expected to cover most of the United States over the next 8-14 days.

The Energy Information Administration said utilities added a bigger-than-normal 86 billion cubic feet of gas into storage during that week.

The increase for the week ended Sept. 14 boosted stockpiles to 2.722 tcf, leaving inventories 17.7 percent below the five-year average.

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Gold Prices Steadied As The Dollar Eased Following News That China Would Retaliate

Gold trading range for the day is 30504-31072.

Gold prices steadied as the dollar eased following news that China would retaliate against a new round of U.S. tariffs on its goods.

U.S. President Donald Trump imposed 10 percent tariffs on about $200 billion worth of Chinese imports and warned of more tariffs if China retaliated.

Traders are increasing bets the Federal Reserve will raise U.S. short-term interest rates into 2019 as the jobs market tightens.

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Gold Fell As The Dollar Resumed Its Rally After Stronger Than Expected Payrolls Data

Gold trading range for the day is 30315-30633.

Gold fell as the dollar resumed its rally after stronger-than-expected payrolls data cemented expectations that Fed will raise interest rates in September.
U.S. jobs growth accelerated in August, with wages notching their largest annual increase in nine years.
India's gold imports more than doubled in August to hit their highest level in 15 months as lower prices prompted manufacturers to replenish inventory for a jewellery exhibition.

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