MCX Weekly Market Report - Copper November Contract Gains 5.36% At Rs270.20 Per Kg But Nickel November Contract Dives 6.41 % At Rs 1066 Per Kg

Mumbai, November 30th 2007: Total turnover (single- sided) of all MCX contracts for the week November 23-29/07 (Friday-Thursday) was Rs69,804.42 crore.

MCX COMDEX at 2336.54 points drew back by 1.02% on the previous close. MCX Agri- Index rose by 2.72% at 1637.10 points, MCX Energy Index at 2680.16 points lost 5.13% and MCX Metal Index at 2576.29 points expanded by 2.42%.

In the bullion segment, MCX gold contracts registered a turnover of Rs 27,787.63 crore. Open interest of all gold contracts was 11,470kgs and total volume 267,598 kgs. The December gold contract was up0.31% at Rs 10,235 per 10 gms on the previous week s close.

Silver contracts clocked a turnover of Rs 12,895.66 crore. Open interest for all silver contracts was 385,060 kgs and total volume 6,726,095 kgs. Silver for December delivery shredded off 1.28% at Rs 18,784 per kg.

In the metal segment, MCX copper contracts across the board registered a turnover of Rs 6,611.86 crore. Open interest was 14,077 tonnes and total volume 249,585 tonnes. Copper for November delivery rose by 5.36 % at Rs 270.20 per kg.

MCX Zinc contracts recorded a turnover of Rs 3,865.71 crore. Open interest was 46,075 tonnes and total volume 406,810 tonnes. The November contract gained 11.34% at Rs 98.65 per kg.

Nickel contracts turnover was Rs 848.89 crore, open interest 1,193 tonnes and volume 7,516 tonnes. The November contract receded by 6.41 % at Rs 1,066 per kg.

Lead contracts clocked a turnover of Rs 2,696.81 crore, OI of 9,245 tonnes and volume of 226,810 tonnes. Lead for November delivery notched up a gain of 4.61 % at Rs 119.05 per kg.

In the Energy segment, all MCX crude oil contracts registered a turnover of Rs 13,167 .54 crore. Open interest was 1,273,500 barrels and total volume 35,175,500 barrels. The December contract closed down by 4.97 % at Rs 3612 per barrel.

Natural gas contracts recorded a turnover of Rs205.41 crore, open interest of 818,500 mmbtu and total volume of 6,618,000 mmbtu. The December contract fell by 4.10% at Rs 297.40 per mmBTU.

Some of the other major agro-commodities traded on MCX registered the following turnover:

• All Mentha Oil contracts registered a turnover of Rs94.13 crore, open interest of 1,546 tonnes and total volume of 2,168 tonnes. Mentha oil for November delivery receded by1.34% at Rs 426.60 per kg.
• All MCX Refined Soya Oil contracts, with open interest of 47,880 tonnes, registered a turnover of Rs1,070.76 crore and total volume of 199,020 tonnes. The December contract was up 1.60% at Rs 535.95 per 10 kg.
• MCX Potato (Agra) contracts registered a turnover of Rs.7.02 crore, open interest of 15,120 tonnes and total volume of 13,530 tonnes. The March 08 contract gained by 1.16% at Rs 514.90 per quintal (100 kg).
• The Potato (Tarkeshwar) contract recorded turnover of Rs 1.75 crore, OI of 8,940 tonnes and volume of 4,050 tonnes. The March ‘08 delivery contract closed up by 1.54% at Rs 434.30 per quintal.
• Cardamom contracts registered a turnover of Rs99.50 crore, OI of 321 tonnes and volume of 1,690 tonnes. The December contract was up by 6.28% at Rs592 per kg.
• MCX Chana contracts recorded a turnover of Rs 192.34 crore, OI of 2,290 tonnes and volume of 83,990 tonnes. The December contract shaved off 1.25% at Rs 2,287 per quintal.
• MCX Kapaskhali contracts clocked a turnover of Rs 12.77 crore, OI of 9,520 tonnes and volume of 19,075 tonnes. The November contract was up 3.47 % at Rs 328 per 50 kg.
• MCX Guarseed contracts recorded turnover of Rs 1.03 crore, OI of 420 tonnes and volume of 640 tonnes. The December contract rose by 0.80% at Rs 1,633 per quintal.