Browse Category: Nifty Market Tips

Silver Mining Major Pan America Swings To Profit As Costs Fall

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Pan American Silver Corp, the world’s second-largest primary silver producer, reversed to a profit in the fourth quarter of last year. The company also hiked its quarterly dividend and announced an increase in silver mineral reserves. Pan American reported that adjusted net earnings were $19 million, or 12 % share, in the fourth quarter, a turnaround from an adjusted loss of $12.7 million, or 8 cents, in the same period a year ago. Net income increased to $22.3 million, or 14 % share, in the October-December period, compared with a net loss of $137 million, or 88 cents, in the fourth quarter of 2015, when the company reported a large impairment charge.

 For full-year 2016, adjusted earnings were $86.6 million, or 57 cents, a reversal from a 2015 adjusted net loss of $41.3 million, or 27 cents. Full-year net income was $101.8 million, or 66 cents, in 2016, compared with a 2015 net loss of $231.6 million, or $1.49. Pan American announced that a quarterly cash dividend of $0.025 per common share, for a total payout of $3.8 million, was approved by the board of directors. This is an increase from the 2016 quarterly dividend of $0.0125 per share.

`मेक इन स्टील`सम्मेलन 17 फरवरी से

भारतीय स्टील जगत 17 फरवरी से यहां ‘मेक इन स्टील’ सम्मेलन का आयोजन कर रहा है, जिसमें इस सेक्टर के लिए चरणबद्ध तरीके से स्थायी विकास के उपायों पर चर्चा की जाएगी। ये उपाय घरेलू स्तर पर स्टील की खपत में तेजी लाने और चीन जैसे देशों से बढ़ते आयात पर अंकुश लगाने से संबंधित होंगे। ‘मेक इन स्टील’ सम्मेलन में स्टील निर्माता वैश्विक स्तर पर स्टील की बहुतायत, कीमतों में उतार-चढ़ाव, मुनाफे में कमी, कुकिंग कोल तथा निकेल के आयात की ऊंची कीमत और चीन, जापान एवं दक्षिण कोरिया जैसे देशों से सस्ते उत्पादों का बड़े पैमाने पर आयात के कारण प्रभावित हो रहे स्टील उद्योग और इससे जुड़ी चिंताओं पर भी विचार करेंगे।

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केंद्रीय इस्पात मंत्रालय, जेएसडब्ल्यू स्टील, एस्सार स्टील, सेल और एनडीएमसी के सहयोग से आयोजित किए जा रहे इस सम्मेलन में चीन, जापान, ईरान तथा दक्षिण कोरिया सहित 15 से अधिक देशों के 300 से अधिक प्रतिनिधि हिस्सा लेंगे।

भारत इस वर्ष जापान को पछाड़ते हुए चीन के बाद कच्चे इस्पात का दूसरा सबसे बड़ा उत्पादक देश बनने की उम्मीद कर रहा है। देश में तैयार इस्पात की प्रति व्यक्ति खपत सिर्फ 62 किलोग्राम है जबकि दक्षिण कोरिया में प्रति व्यक्ति खपत 1113 किलो और चीन में प्रति व्यक्ति 488 किलोग्राम खपत है। वैश्विक अनुपात देखा जाए तो प्रति व्यक्ति खपत 208 किलोग्राम है।

White metal rises ahead of Yellen’s testimony

Silver futures were trading higher during evening trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the precious metal as investors turned their attention towards testimony from the US Fed Chair Janet Yellen later in the day for hints on the central bank’s interest rate strategy.

At the MCX, silver futures for March 2017 contract is trading at Rs 42520 per kg, up by 0.23 per cent, after opening at Rs 42549, against a previous close of Rs 42422. It touched the intra-day high of Rs 42575.

Philippine Continues To Shut down Nickel mines due to environmental Regulations

According to the official announcement of the Ministry of Natural Resources and Environment of the Philippines (DENR) published there were twenty of nickel mining enterprises have been involved in final list, including eighteen enterprises have been shut down and two enterprises have suspended.

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SMM survey estimated that twenty nickel mining enterprises are required to close or suspend in 2016 total volume of about 19,85 million wet tons, it was equivalent to about 14.19 – 14.92 million tons of metal. To foresee that Philippines environmental regulation will be more strictly in 2017.

Technical Comment For The Day: Copper And Crude Oil Market

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Crude Oil declined in the session ending 8 Feb 2017 and ended with correction to the tune of 2.15%. The prices of Crude Oil ended the session at INR 3502 per barrel, up INR 77. The benchmark expiry contract of Crude Oil tested a high of INR 3586 per barrel. A low of INR 3495 per barrel was registered during the day. Losses in Crude Oil can take prices towards Rs 3586 and 3495 per barrel. On the higher side Rs 3600 and 3620 per barrel are the noted resistances.

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Copper ended the session on 7 Feb 2017 at INR 391 per kg. The prices tested a high of INR 394.55 per kg and a low of INR 390.30 per kg. Technical charts suggest that breach below INR 394.55 per kg will be damaging for Copper. Indian Copper were not able to breach important support levels of Rs 395 on Tuesday and therefore remained silent below those levels. Further appreciation from here can take prices close to INR 395 and 398 per kg. On the lower side Rs 390 and 388 per kg are supports. The ideal strategy can be to buy Copper on declines. Sharp gains is expected in Copper with opening near Rs 400 and 402 per kg.

COMMODITY MARKET UPDATE NEWS

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Silver trading range for the day is 41719-42623.Silver prices gained as investors scaled back expectations for a more aggressive pace of rate hikes from the Federal Reserve this year.Support also seen as greenback has been under pressure amid growing concern about the potential impact of the Trump Administrations protectionist stance.The U.S. economy added 227,000 jobs in January from the prior month, the Labor Department while the unemployment rate ticked up to 4.8% from 4.7% in December.

Soyabean trading range for the day is 3057-3129.Soyabean prices ended with losses on expectations of ample supply in the domestic spot market.IGC raised its soybean production forecast for India, to 11.5 million tons compared to 8.6 million tons estimated for 2015-16.NCDEX accredited warehouses soyabean stocks gained by 636 tonnes to 187852 tonnes.At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3070 Rupees per 100 kgs.

Cabinet okays MoU with UAE for cooperation in agriculture

The government has approved the signing of an agreement between India and the United Arab Emirates in the area of agriculture and allied sectors.

“The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval for signing of Memorandum of Understanding (MoU) between India and the United Arab Emirates in the field of agriculture and allied sectors,” an official statement said.

“It will promote understanding of best agricultural practices in the two countries and will help in better productivity at farmer fields as well as improved global market access leading to equity and inclusiveness,” it said.

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The cooperation in agricultural technology would lead to innovative techniques for increasing productivity leading to strengthening of food security, the statement said.

Crude Palm Oil Update By Ripples Advisory

Crude palm Oil on MCX settled up by 0.08% at 595.3 amid supply worries from Malaysia and on strong Malaysian palm oil export data for Dec 1-15. Palm oil shipments rose 12% from 464,582 tons in Dec. 1-15 period, according to Societe Generale de Surveillance. Malaysia Feb. Crude Palm Oil Export Tax raised to 7.5%.

The MPOB monthly data for December has reconfirmed the supply tightness for Palm oil.  Production has declined by 0.10 mn in line with the seasonal trend of production decline. Lower exports have offset the lower production which led to a steady stock. Stock continues to be on a five year low keeping the supply tightness story intact.

                  Trading Ideas 

  1. CPO trading range for the day is 591.7-599.1.
  2. Crude palm oil prices ended with gains amid supply worries from Malaysia and on strong Malaysian palm oil export data for Dec 1-15.
  3. Stock continues to be on a five year low keeping the supply tightness story intact.
  4. As per MPOB Palm oil output may rise by 12 % this year to 19.4 million tons from 17.4 million tons in 2016.
  5. Crude palm oil prices in spot market dropped by 0.90 rupees and settled at 601.10 rupees.