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MCX Weekly Market Report - Natural Gas January 08 Contract Shot Up By 9.85% At Rs 305.60 Per mmBTU And Nickel January 08 Contract By 5.77% At Rs 1146.50 Per Kg

Date 04/01/2008

MCX – COMDEX
Open: 2380.58 High: 2469.82  Low: 2365.64
Close: 2458.09  Previous close: 2380.04

Total turnover (single- sided) of all MCX contracts for the week December 28 /07-03 January 08 (Friday-Thursday) was Rs 53,904.18crore.

MCX COMDEX at 2458.09 points was up by 3.28% on the previous close, MCX Agri- Index by 2.14% at 1681.35 points, MCX Energy Index at 2865.21 points added 3.35% and MCX Metal Index at 2685.15 points improved by 3.56%.

In the bullion segment, MCX gold contracts registered a turnover of Rs 22,739.66 crore. Open interest of all gold contracts was 17,415 kgs and total volume 211,110 kgs. The February gold contract was up 4.14% at Rs 10,975 per 10 gms on the previous week’s close.

Silver contracts clocked a turnover of Rs 9581.27 crore. Open interest for all silver contracts was 3, 98,325 kgs and total volume 48, 59,125 kgs. Silver for March delivery moved up by 3.45% at Rs 20,053 per kg.

In the metal segment, MCX copper contracts across the board registered a turnover of Rs 4314.95 crore. Open interest was 15,524 tonnes and total volume 159,677 tonnes. Copper for February delivery gained 1.81 % at Rs 278.45 per kg.

MCX zinc contracts recorded a turnover of Rs 2601.05 crore. Open interest was 40,410 tonnes and total volume 270,185 tonnes. The January 08 contract improved by 3.63% at Rs 101.30 per kg.

Nickel contracts turnover was Rs 929.76 crore, open interest 1,060 tonnes and volume 8709 tonnes. The January08 contract rose by 5.77 % % at Rs 1,146.50per kg.

Lead contracts clocked a turnover of Rs 1350.64 crore, OI of 8,95 tonnes and volume of 131,605 tonnes. Lead for January 08 delivery was up 1.24 % at Rs 106.25 per kg.

In the Energy segment, all MCX crude oil contracts registered a turnover of Rs 10,417.62 rore. Open interest was 17,04,300 barrels and total volume 27,086,000 barrels. The January 08 contract closed up 1.83 % at Rs 3900 per barrel.

Natural gas contracts totaled a turnover of Rs218.98 crore, open interest of 627,500 mmBTU and total volume of 7,318,000mmBTU. The January 08 contract shot up by 9.85% at Rs305.60 per mmBTU.

Some of the other major agro-commodities traded on MCX registered the following turnover:
  • All mentha oil contracts clocked a turnover of Rs 82.39 crore, open interest of 759 tonnes and total volume of 1,910 tonnes. Mentha oil for January 08 delivery gained by 0.48% at Rs 437.10 per kg.
  • All MCX refined soya oil contracts aggregated a turnover of Rs 1008.22 crore, with open interest of 42,120 tonnes and total volume of 180,430 tonnes. The January 08 contract was up 1.72% at Rs 560.15 per 10 kg.
  • MCX potato (Agra) contracts registered a turnover of Rs 27.37 crore, open interest of 22,950 tonnes and total volume of 50,250 tonnes. The March 08 contract flared up by 6.81% at Rs 551.90. per quintal.
  • The Potato (Tarkeshwar) contract recorded turnover of Rs 3.09 crore, OI of 8,550 tonnes and volume of 6,600 tonnes. The March ‘08 delivery contract fattened by 5.76% at Rs 473.90 per quintal.
  • Cardamom contracts clocked a turnover of Rs 101.74. crore, OI of 424 tonnes and volume of 1,588 tonnes. The January 08 contract was up by 3.15% at Rs 639 .50per kg.
  • MCX chana contracts clocked a turnover of Rs 181.91 crore, OI of 3,280 tonnes and volume of 83,360 tonnes. The January contract remined unchanged at Rs 2,132 per quintal.
  • MCX Kapaskhali contracts clocked a turnover of Rs 29.96 crore, OI of 16,300 tonnes and volume of 38,450 tonnes. The January 08 contract was up by 1.67 % at Rs 389 per 50 kg.
  • MCX guarseed contracts totaled a turnover of Rs 0.70 crore, OI of 20 tonnes and volume of 420 tonnes.