MCX Weekly Market Report - Lead December 07 Contract Sheds 10.87% At Rs106.50 Per Kg And Turmeric December 07 Contract 4.23 % At Rs2263 Per 100kgs

Total turnover (single- sided) of all MCX contracts for the week November 30- December 06/07 (Friday-Thursday) was Rs63,330.58 crore.

MCX COMDEX at 2338.34 points shrank by 1.68% on the previous close. MCX Agri- Index fell by 1.44% at 1613.52 points, MCX Energy Index at 2616.18 points lost 2.39% and MCX Metal Index at 2550.28 points by 1.01%..

In the bullion segment, MCX gold contracts registered a turnover of Rs 21,895.09 crore. Open interest of all gold contracts was 10,831kgs and total volume 214,936 kgs. The February gold contract was down 0.09% at Rs 10,302 per 10 gms on the previous week’s close.

Silver contracts clocked a turnover of Rs 11,757.26 crore. Open interest for all silver contracts was 317,260 kgs and total volume 6,214,670 kgs. Silver for March delivery added 0.12% at Rs 19,303 per kg.

In the metal segment, MCX copper contracts across the board registered a turnover of Rs 6,358.50 crore. Open interest was 12,954 tonnes and total volume 235,823 tonnes. Copper for February delivery fell by 2.05 % at Rs 267.95 per kg.

MCX Zinc contracts recorded a turnover of Rs 3,403.42 crore. Open interest was 40,685 tonnes and total volume 346,975 tonnes. The December contract lost.4.44% at Rs 95.70 per kg.

Nickel contracts turnover was Rs 1009.52 crore, open interest 1,294 tonnes and volume 9623 tonnes. The December contract receded by 5.13 % at Rs 1,035 per kg.

Lead contracts clocked a turnover of Rs 2,630.24 crore, OI of 9,540 tonnes and volume of 232,595 tonnes. Lead for December delivery went doen by 10.87 % at Rs 106.15 per kg.

In the Energy segment, all MCX crude oil contracts registered a turnover of Rs 14,428.03 crore. Open interest was 1,034,600 barrels and total volume 41,241,000 barrels. The December contract closed down by 3.16 % at Rs 3498 per barrel.

Natural gas contracts recorded a turnover of Rs197.04 crore, open interest of 915,000 mmbtu and total volume of 6,845,500 mmbtu. The December contract fell by 1.34% at Rs 293.40 per mmBTU.

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

• All Mentha Oil contracts registered a turnover of Rs94.10 crore, open interest of 1,196 tonnes and total volume of 2,148 tonnes. Mentha oil for December delivery advanced by0.32% at Rs 435.50 per kg.
• All MCX Refined Soya Oil contracts clocked a turnover of Rs1034.94 crore, with open interest of 45,100 tonnes and total volume of 193,320 tonnes. The December contract was down 2.14% at Rs 524.50 per 10 kg.
• MCX Potato (Agra) contracts registered a turnover of Rs.2.80 crore, open interest of 16,110 tonnes and total volume of 5,490 tonnes. The March 08 contract lost by 0.87% at Rs 510.40 per quintal (100 kg).
• The Potato (Tarkeshwar) contract recorded turnover of Rs 0.75 crore, OI of 9,240 tonnes and volume of 1,710 tonnes. The March ‘08 delivery contract closed up by 1.36% at Rs 440.20 per quintal.
• Cardamom contracts registered a turnover of Rs66.44 crore, OI of 338 tonnes and volume of 1,118 tonnes. The December contract was down by 2.45% at Rs577.50 per kg.
• MCX Chana contracts recorded a turnover of Rs 199.10 crore, OI of 2,570 tonnes and volume of 88,370 tonnes. The December contract shaved off 2.71% at Rs 2,225 per quintal.
• MCX Kapaskhali contracts clocked a turnover of Rs 11.65 crore, OI of 9,150 tonnes and volume of 17,165 tonnes. The December contract was down 2.58 % at Rs 328.60 per 50 kg.
• MCX Guarseed contracts recorded turnover of Rs 1.19 crore, OI of 270 tonnes and volume of 690 tonnes. The December contract rose by 0.98% at Rs 1,649 per quintal.