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MCX Weekly Market Report - Copper February 08 Contract Improves By 4.85% At Rs 273.50 Per Kg And Zinc December 07 Contract By 5.29 % At Rs 96.45 Per Kg

Date 28/12/2007

MCX – COMDEX
Open: 2313.33 High: 2381.75 Low: 2306.99
Close: 2380.04  Previous close: 2310.12

Total turnover (single- sided) of all MCX contracts for the week December 21-27 /07 (Friday-Thursday) was Rs35,082.12 crore.

MCX COMDEX at 2380.04 points increased by 3.03% on the previous close. MCX Agri- Index rose by 0.92% at 1646.08 points, MCX Energy Index at 2772.24 points added 3.44% and MCX Metal Index at 2592.84 points improved by 3.27s%.

In the bullion segment, MCX gold contracts registered a turnover of Rs 12125.70 crore. Open interest of all gold contracts was 15,856 kgs and total volume 116,435 kgs. The February gold contract was up 3 % at Rs 10,539 per 10 gms on the previous week’s close.

Silver contracts clocked a turnover of Rs 5951.90 crore. Open interest for all silver contracts was 3,43,415 kgs and total volume 30,92,920 kgs. Silver for March delivery moved up by 2.50% at Rs 19,385 per kg.

In the metal segment, MCX copper contracts across the board registered a turnover of Rs 4805.42 crore. Open interest was 13,868 tonnes and total volume 175,845 tonnes. Copper for February delivery gained 4.85 % at Rs 273.50 per kg.

MCX zinc contracts recorded a turnover of Rs 2051.13 crore. Open interest was 44,670 tonnes and total volume 213,300 tonnes. The December contract improved by 5.29% at Rs 96.45 per kg.

Nickel contracts turnover was Rs 440.82 crore, open interest 1,235 tonnes and volume 4120 tonnes. The December contract went up by 2.26% % at Rs 1,063 .50per kg.

Lead contracts clocked a turnover of Rs 1013.86 crore, OI of 9,645 tonnes and volume of 96,245 tonnes. Lead for December delivery went up 0.48 % at Rs 104.30 per kg.

In the Energy segment, all MCX crude oil contracts registered a turnover of Rs 7202.43 crore. Open interest was 15,95,000 barrels and total volume 1,93,87,300 barrels. The January 08 contract closed up 5.83 % at Rs 3830 per barrel.

Natural gas contracts totaled a turnover of Rs110.98 crore, open interest of 10,13,000 mmbtu and total volume of 39,09,000mmbtu. The January 08 contract fell by 4.07% at Rs 278.20 per mmBTU.

Some of the other major agro-commodities traded on MCX registered the following turnover:
  • All mentha oil contracts registered a turnover of Rs 64.55 crore, open interest of 1,263 tonnes and total volume of 1,475 tonnes. Mentha oil for December delivery shrank by 5.20% at Rs 426.70 per kg.
  • All MCX refined soya oil contracts clocked a turnover of Rs838.90 crore, with open interest of 38,390 tonnes and total volume of 152,370 tonnes. The January 08 contract was up 1.32% at Rs 550.70 per 10 kg.
  • MCX potato (Agra) contracts registered a turnover of Rs.5.79 crore, open interest of 17,130 tonnes and total volume of 11,190 tonnes. The March 08 contract advanced by 0.33% at Rs 516.70. per quintal..
  • The Potato (Tarkeshwar) contract recorded turnover of Rs 1.91 crore, OI of 8,580 tonnes and volume of 4260 tonnes. The March ‘08 delivery contract improved by 0.45% at Rs 448.10 per quintal.
  • Cardamom contracts clocked a turnover of Rs76.47 crore, OI of 366 tonnes and volume of 1,237 tonnes. The January 08 contract was up by 3.33% at Rs 620 per kg.
  • MCX chana contracts recorded a turnover of Rs 121.81 crore, OI of 2,910 tonnes and volume of 55,360 tonnes. The January contract moved down 3.40% at Rs 2,132 per quintal.
  • MCX Kapaskhali contracts clocked a turnover of Rs 43.54 crore, OI of 16,485 tonnes and volume of 57,430 tonnes. The January 08 contract was up by 6.54 % at Rs 382.60 per 50 kg.
  • MCX guarseed contracts recorded turnover of Rs 0.19 crore, OI of 30 tonnes and volume of110 tonnes. The February 08 contract rose by 0.06% at Rs 1,700 per quintal.