Daily Commodity Pointer
01st April 2020

Tracking Market
Mar 31 2020 ClosePrevCloseAbsChange
$ / Re.75.6675.600.06
Euro / $1.10301.1044-0.0014
Light Sweet Crude Oil20.1020.28-0.18
Gold $ / OZ-1577.101617.90-40.80
Silver $ / OZ-14.1514.20-0.05
$ / Yen107.51107.81-0.30

On Apr 1 2020
Events ETISTForecastPrev
ADP Non-Farm Employment Change7.1517.45-150K183K
ISM Manufacturing PMI9.0019.3044.950.1
Construction Spending m/m9.0019.300.6%1.8%
Crude Oil Inventories9.3020.003.7M1.6M

Commodity LTPT1T2SLMarginTick

  Pivot Point - Agri/Non-Agri

Oil prices mixed, U.S. inventory build-up heightens oversupply concerns
Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States.
Gold Prices down as Russia Halts Bullion Purchases
Gold prices were down on Wednesday morning, extending yesterday?s losses amid speculations that Russia might move from big buyer to possible seller of bullion.
Risk currencies ease, yen firms as investors brace for global downturn
Risk currencies looked fragile and the yen firmed on Wednesday, the first day of a quarter that looks set to see the worst economic contractions for decades in many countries as they scramble to tackle the coronavirus epidemic.
Base Metals
Chile copper production increased 8.3% y/y in February
Chile copper production increased 8.3% year on year in February while manufacturing output increased 3.7% in the same period, the INE government statistics agency said on Tuesday.
Agri Commodity
Rubber sector catches coronavirus
The domestic rubber futures continued to remain subdued on Tuesday. RSS-4 weakened at its April contracts to Rs 116.44 (117.01) and May to Rs 116.83 (117.34) a kg on the Indian Commodity Exchange (ICEX).
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 592.93 crores, whereas MCX recorded a total traded turnover of Rs. 8797.00 Crores on 31st March 2020.
Ventura Securities Ltd.
Corporate Office: I-Think Techno Campus, "B" Wing, 8th Floor, Pokhran Road No. 2, Off. Eastern Express Highway, Thane (West) – 400607. Maharashtra.

This report is neither an offer nor a solicitation to purchase or sell commodities. The information and views expressed herein are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in or have positions in the commodities mentioned in their articles. Neither Ventura Securities Limited nor any of the contributors accepts any liability arising out of the above information/articles. Reproduction in whole or in part without written permission is prohibited. This report is for private circulation.