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Commodity Watch

06 Apr | 05:27PM
FUTURES PRICE

(Near month contract prices)
Oil falls after Saudi Arabia, Russia delay meeting

Oil falls after Saudi Arabia, Russia delay meeting

Brent was down $1.10, or 3.2 per cent, at $33.01 a barrel.

Gold jumps as worsening virus fears drive safe-haven demand

Gold jumps as worsening virus fears drive safe-haven demand

US gold futures were up 0.6 per cent at $1,655.10.

Saudi Arabia delays setting May prices, looks to Opec meeting to settle price war

Saudi Arabia delays setting May prices, looks to Opec meeting to settle price war

A month-long price war between Saudi Arabia and Russia, against the backdrop of the coronavirus pandemic, has cut the price of crude to $34 a barrel from $65.

ONGC sells June-loading Russian Sokol crude at record discount: Sources

ONGC sells June-loading Russian Sokol crude at record discount: Sources

That is the lowest price differential ever recorded, according to Refinitiv Eikon data starting from 2011.

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Calendar Spread

(Far - Near month contract)
Commodities
SPREAD (Rs)
CHART (Day)
Calendar Spread
(Far - Near month contract)
Calendar Spread means entering a long and short position on the same underlying asset futures but with different delivery months. The strategy to play with calendar spread is to understand how much premium/discount two different contracts are trading at.
148
Graph
Disclaimer:These Strategies are not ET recommended its a market overview.
(Near Month Futures - Spot Price)
COMMODITIES
FUTURES (Rs)
SPOT (Rs)
PREM/DISC
Calender Spread
Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price
Its relevance in derivatives market is to understand the trend whether it’s bullish or bearish. Moreover it helps arbitrageurs and hedgers to decide on cost of carry.
41650.0
36871.0
4779.00
41259.0
36871.0
4388.00
2053.0
1909.0
144.00
35203.0
32923.0
2280.00
35000.0
32785.0
2215.00
43712.0
40989.0
2723.00
4360.0
4129.0
231.00
121.6
117.0
4.60
3840.0
3825.0
15.00
Disclaimer:These Strategies are not ET recommended its a market overview.

Hot/Cold Contract

 
SPOT
COMMODITIES
PLACE
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Crude oil futures rise on firm spot demand
Crude oil for May delivery was up by Rs 229, or 11.95 per cent, to Rs 2,146 per barrel with an open interest of 1,770 lots.
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PLACE
PRICE
UNIT
Base metals: Nickel, copper futures rise on fresh bets
Copper prices on Friday traded up 0.89 per cent at Rs 379.85 per kg in futures market on the back of pick-up in spot demand.
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PLACE
PRICE
UNIT
High local prices may hit cardamom exports
India’s cardamom exports plunged 72 per cent year-on-year to 405 tonnes in the six months to September 2019.
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Mentha oil price hits season low; outlook bearish
Stocks of mentha oil at MCX-accredited warehouse declined to 77,799.35 kg by February 11 against 88,601.70 kg a week earlier.

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