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FTSE Mondo Visione Exchanges Index:

MCX Weekly Market Report: Crude Oil August Contract Pares 5.47%, Natural Gas Aug Gains 7.3%, Nickel Aug Down 10%

Date 10/08/2007

MCX – COMDEX

Open: 2179.04       High: 2183.43        Low: 2113.99        Close: 2133.37      

Previous close: 2178.86

Total turnover (single sided) of all MCX contracts for the week August 3-9, 2007 (Friday-Thursday) was Rs 55,325.8 crore, up 5.46% from the previous close.

MCX COMDEX at 2133.37 points was down 2.09% from the previous close. MCX Agri Index closed up 0.27% at 1764.64 points, MCX Energy Index at 2230.25 points was down 2.8% and MCX Metal Index at 2434.20 points lost 2.27%.

In the Bullion segment, MCX Gold contracts registered a turnover of Rs 10,625.97 crore. Open interest of all gold contracts was 10,089 kgs and total volume recorded was 119,794 kgs. The October gold contract was down 0.2% from the previous week close at Rs 8811/10 gms.

Silver contracts clocked turnover of Rs 9286.49 crore. Open interest for all silver contracts was 493,135 kgs and total volume was 5,270,540 kgs. Silver for September delivery was down 1.77% at Rs 17,268 per kg.

In the Metal segment, MCX Copper contracts across the board registered a turnover of Rs 10,720.29 crore. Open interest was 15,548 tonnes and total volume 347,933 tonnes. Copper for August delivery was down 5.01% at Rs 301.55 per kg.

MCX Zinc contracts recorded a turnover of Rs 4,996.07crore. Open interest was 37,935 tonnes and total volume 356,925 tonnes. The August contract was down 2.59% at Rs 139.35 per kg.

Nickel contracts turnover was Rs 1997.34 crore, open interest 2,353.25 tonnes and volume of 16,971.25 tonnes. The August contract was down 9.93% at Rs 1103.1 per kg.

Lead contracts clocked turnover of Rs 3,196.71 crore, OI of 6840 tonnes and volume of 251,140 tonnes. Lead for August delivery was down 5.47% at Rs 121.95 per kg.

In the Energy segment, all MCX crude oil contracts registered a turnover of Rs 12,079.06 crore. Open interest was 1,020,800 barrels and total volume 40,902,400 barrels. The August contract was down 5.47% at Rs 2919 per barrel.

Natural gas contracts recorded a turnover of Rs 480.35 crore, open interest of 2,103,000 mmbtu and total volume of 18,727,000 mmbtu. The August contract was up 7.29% at Rs 266.5 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. 310.04 crore, open interest of 978 tonnes and total volume of 5685 tonnes. Mentha oil for August delivery was up 3.45% at Rs 546.5 per kg.
  • All MCX Refined Soy Oil contracts, with open interest of 36,970 tonnes, registered a turnover of Rs 862.73 crore and total volume of 173,620 tonnes. The August contract was down 1.99% at Rs 493.4 per 10 kg.
  • MCX Potato (Agra) contracts registered a turnover of Rs. 178.67 crore, open interest of 61,200 tonnes and total volume of 274,260 tonnes. The August contract was down 1.7% at Rs 624.4 per quintal (100 kg).
  • The Potato (Tarkeshwar) contract recorded turnover of Rs 35.39 crore, OI of 23,370 tonnes and volume of 51,990 tonnes. The August delivery contract closed down 0.33% at Rs 658 per quintal.
  • Cardamom contracts registered turnover of Rs 86.84 crore, OI of 1623 tonnes and volume of 388 tonnes. The August contract was down 1.73% at Rs 512 per kg.
  • MCX Chana contracts recorded a turnover of Rs 65.28 crore, OI of 3760 tonnes and volume of 28440 tonnes. The August contract was down 0.22% at Rs 2256 per quintal.
  • MCX Kapaskhali contracts clocked a turnover of Rs 24.87 crore, OI of 12,610 tonnes and volume of 34,145 tonnes. The August contract was down 1.31% at Rs 368.3 per 50 kg.
  • MCX Guarseed contracts recorded turnover of Rs 11.72 crore, OI of 3580 tonnes and volume of 6900 tonnes. The August contract lost 0.41% to close at Rs 1705 per quintal.
Weekly Turnover