MCX Weekly Market Report - Natural Gas November Contract Up 9.79% At Rs337.70 Per MMBTU - Zinc November Contract Falls By 5.62% At Rs109.15 Per Kg

Total turnover (single- sided) of all MCX contracts for the week October 26 – 01-Nov-07 (Friday-Thursday) was Rs 65,781.01 crore.

MCX COMDEX at 2386.56 points rose by 2.37% on the previous close. MCX Agri- Index closed down 0.29% at 1656.57 points, MCX Energy Index at 2781.13 points gained 4.72% and MCX Metal Index at 2595.65 points added 0.81%.

In the bullion segment, MCX Gold contracts registered a turnover of Rs 20,445.87 crore. Open interest of all gold contracts was 13,160 kgs and total volume 197,090 kgs. The December gold contract was up 2.16% at Rs 10,040 per 10 gms on the previous week close.

Silver contracts clocked a turnover of Rs 13,723.58 crore. Open interest for all silver contracts was 399,660 kgs and total volume 7,294,015 kgs. Silver for December delivery rose by 2.03% at Rs 18,740 per kg.

In the metal segment, MCX Copper contracts across the board registered a turnover of Rs 6659.90 crore. Open interest was 20,500 tonnes and total volume 219,400 tonnes. Copper for November delivery lost3.19 % at Rs 294.60 per kg.

MCX Zinc contracts recorded a turnover of Rs 3867.12 crore. Open interest was 53,765 tonnes and total volume 341,925 tonnes. The November contract lost 5.62% at Rs 109.15 per kg.

Nickel contracts turnover was Rs 1189.83 crore, open interest 787 tonnes and volume 9,480 tonnes. The November contract went up by1.62 % at Rs 1284 per kg.

Lead contracts clocked a turnover of Rs 3263.29 crore, OI of 10,395 tonnes and volume of 227,495 tonnes. Lead for November delivery lost 0.66% at Rs 142.20 per kg.

In the Energy segment, all MCX crude oil contracts registered a turnover of Rs 14,475.43 crore. Open interest was 2,144,400 barrels and total volume 39,951,200 barrels. The November contract rose by 3.77 % at Rs 3662 per barrel.

Natural gas contracts recorded a turnover of Rs 385.75 crore, open interest of 1,108,000 mmbtu and total volume of 12,008,500 mmbtu. The November contract rose by 9.79% at Rs 337.70 per mmBTU.

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

• All Mentha Oil contracts registered a turnover of Rs.164.14 crore, open interest of 1627 tonnes and total volume of 3342 tonnes. Mentha oil for November delivery fell 1.12% at Rs 437.60 per kg.
• All MCX Refined Soya Oil contracts, with open interest of 54,580 tonnes, registered a turnover of Rs1060.83 crore and total volume of 209,700 tonnes. The November contract was up 2.95% at Rs 508.50 per 10 kg.
• MCX Potato (Agra) contracts registered a turnover of Rs.5.50crore, open interest of 12,120 tonnes and total volume of 10,710 tonnes. The March 08 contract rose by 0.84% at Rs 514.70 per quintal (100 kg).
• The Potato (Tarkeshwar) contract recorded turnover of Rs 12.94 crore, OI of 19,830 tonnes and volume of21,450 tonnes. The November delivery contract closed up3.49% at Rs 651.90 per quintal.
• Cardamom contracts registered a turnover of Rs31.93 crore, OI of320 tonnes and volume of 620 tonnes. The November contract was up by 0.88% at Rs515 per kg.
• MCX Chana contracts recorded a turnover of Rs 100.03 crore, OI of 2,770 tonnes and volume of 41,780 tonnes. The November contract was down 1.82% at Rs 2,371 per quintal.
• MCX Kapaskhali contracts clocked a turnover of Rs 28.04 crore, OI of 11,045 tonnes and volume of 39,430 tonnes. The November contract was down 1.74 % at Rs 332.30 per 50 kg.
• MCX Guarseed contracts recorded turnover of Rs 0.97 crore, OI of 1,350 tonnes and volume of 550 tonnes. The November contract gained by 0.70% at Rs 1,720 per quintal.