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FTSE Mondo Visione Exchanges Index:

MCX Weekly Market Report - Metals In The Red, Gold Oct Up Marginally

Date 17/08/2007

MCX – COMDEX
Open: 2134.21 High: 2170.74 Low: 2103.71   Close: 2127.83  
Previous close: 2133.37

Total turnover (single sided) of all MCX contracts for the week August 10-16, 2007 (Friday-Thursday) was Rs 49,075.31 crore, down 11.29% from the previous close.

MCX COMDEX at 2127.83 points was down 0.26% from the previous close. MCX Agri Index closed down 0.43% at 1757.09 points, MCX Energy Index at 2290.63 points was up 2.71% and MCX Metal Index at 2363.17 points lost 2.92%.

In the Bullion segment, MCX Gold contracts registered a turnover of Rs 10,931.25 crore. Open interest of all gold contracts was 10,000 kgs and total volume recorded was 123,169 kgs. The October gold contract was up 0.25% from the previous week close at Rs 8833/10 gms.

Silver contracts clocked turnover of Rs 9,835.74 crore. Open interest for all silver contracts was 589,680 kgs and total volume 5,715,410 kgs. Silver for September delivery was down 4.95% at Rs 16,414 per kg.

In the Metal segment, MCX Copper contracts across the board registered a turnover of Rs 9,243.59 crore. Open interest was 16,713 tonnes and total volume 308,712 tonnes. Copper for August delivery was down 4.71% at Rs 287.35 per kg.

MCX Zinc contracts recorded a turnover of Rs 4,548.69 crore. Open interest was 47,035 tonnes and total volume 335,705 tonnes. The August contract was down 9.29% at Rs 126.40 per kg.

Nickel contracts turnover was Rs 2,049.51 crore, open interest 2161.75 tonnes and volume 18,709.5 tonnes. The August contract was down 4.54% at Rs 1053 per kg.

Lead contracts clocked turnover of Rs 2,911.72 crore, OI of 6245 tonnes and volume of 240,330 tonnes. Lead for August delivery was down 1.76% at Rs 119.8 per kg.

In the Energy segment, all MCX crude oil contracts registered a turnover of Rs 7,637.62 crore. Open interest was 929,700 barrels and total volume 26,115,100 barrels. The September contract was up 1.58% at Rs 2958 per barrel.

Natural gas contracts recorded a turnover of Rs 657.08 crore, open interest of 1,390,500 mmbtu and total volume of 23,306,500 mmbtu. The August contract was up 7.8% at Rs 287.3 per mmBTU.

Some of the other major agri-commodities traded on MCX registered the following turnover
  • All Mentha Oil contracts registered a turnover of Rs. 142.05 crore, open interest of 1054 tonnes and total volume of 2601 tonnes. Mentha oil for August delivery was down 1.1% at Rs 540.5 per kg.
  • All MCX Refined Soy Oil contracts, with open interest of 35,210 tonnes, registered a turnover of Rs 595.08 crore and total volume of 120,970 tonnes. The August contract was down 1.74% at Rs 487.6 per 10 kg.
  • MCX Potato (Agra) contracts registered a turnover of Rs. 128.76 crore, open interest of 53,910 tonnes and total volume of 198,330 tonnes. The September contract was down 3.84% at Rs 628.4 per quintal (100 kg).
  • The Potato (Tarkeshwar) contract recorded turnover of Rs 27.28 crore, OI of 21,330 tonnes and volume of 39,660 tonnes. The September delivery contract closed down 1.83% at Rs 675.2 per quintal.
  • Cardamom contracts registered turnover of Rs 84.55 crore, OI of 452 tonnes and volume of 1541 tonnes. The September contract was up 3.37% at Rs 551.5 per kg.
  • MCX Chana contracts recorded a turnover of Rs 23.49 crore, OI of 4550 tonnes and volume of 10,050 tonnes. The August contract was up 1.86% at Rs 2298 per quintal.
  • MCX Kapaskhali contracts clocked a turnover of Rs 13.51 crore, OI of 13,105 tonnes and volume of 18,595 tonnes. The August contract was down 0.81% at Rs 365.3 per 50 kg.
  • MCX Guarseed contracts recorded turnover of Rs 10.51 crore, OI of 3,300 tonnes and volume of 5910 tonnes. The August contract gained 3.37% to close at Rs 1762.5 per quintal.