भारत के इस्पात निर्यात में जनवरी में 224 फीसदी वृद्धि

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भारत के इस्पात निर्यात में जनवरी में 224 फीसदी की वृद्धि दर्ज की गई है और देश ने मौजूदा वित्त वर्ष (जनवरी-अप्रैल) में 58.65 लाख टन इस्पात का निर्यात किया, जो पिछले वित्त वर्ष की समान अवधि की तुलना में 71.1 फीसदी अधिक है। इस्पात मंत्रालय की एक रिपोर्ट से यह जानकारी मिली। ज्वाइंट प्लांट कमेटी की एक रिपोर्ट के मुताबिक, “जनवरी 2017 में 889,000 टन इस्पात का निर्यात किया गया, जो पिछले साल की तुलना में 224 फीसदी अधिक है और दिसंबर 2016 की तुलना में 19 फीसदी अधिक है।”

 वर्तमान वित्त वर्ष के पहले 10 महीनों के दौरान कुल तैयार इस्पात का आयात पिछले साल की इसी अवधि की तुलना में 37.8 फीसदी गिरकर 60.97 लाख टन रह गया। वहीं जनवरी में आयात पिछले साल की इसी अवधि की तुलना में 41.7 फीसदी गिरकर 6.02 लाख टन हो गया।

रिपोर्ट के मुताबिक, “साल 2016-17 के अप्रैल-जनवरी की अवधि के दौरान, बिक्री के लिए तैयार कुल इस्पात 8.2874 करोड़ टन रहा, जो पिछले साल की तुलना में 10.7 फीसदी अधिक है।”

Myanmar Rice Exports Reaches $12 Million In January

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According to the Ministry of Commerce, Myanmar earned more than US$12 million exporting over 40,000 tonnes of rice by sea in January, It was a 17,694-tonne increase from December.

 The country exported more than US$3.58 million worth of rice to the US from January 29 to February 4.It also earned more than US$10 million exporting 40,576 tonnes of broken rice last month.Myanmar exported more than 1.15 million tonnes of rice and broken rice between April and January, nearly 150,000 tonnes down on the previous year, according to the ministry.

Myanmar exports rice to more than 50 countries with more than 70 % going to China, according to the ministry.

Copper Market Records A Surplus of 58 Tonnes in January- December 2016

 The recent report from World Bureau of Metal Statistics mentioned that copper market recorded a surplus of 58 tonnes in January to December 2016 which follows a surplus of 141000 tonnes in the whole of 2015. Reported stocks rose during December and closed 59.1 tonnes higher than at the end of December 2015. No allowance is made in the consumption calculation for unreported stock changes, particularly in the Chinese government stockpile.

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World mine production in January to December 2016 was 20.66 million tonnes which was 6.9% higher than in the same period in 2015. Global refined production rose to 23.46 million tonnes up 2.1 % compared with the previous year with a significant increase recorded in China (up 476 tonnes) and Spain (up 14 tonnes).

Global consumption for January to December 2016 was 23.40 million tonnes compared with 22.83 million tonnes for the same months of 2015. Chinese apparent consumption in January to December 2016 rose by 289 tonnes to 11642 tonnes compared to the same months of 2015 and represented just under 50 % of global demand. EU28 production fell by 1.5 % and demand was 3443 tonnes, 3.2 % above the January to December 2015 total. In December 2016, refined copper production was 1994.5 tonnes and consumption was 1970.8 tonnes.

Kazakhstan Wheat Plantation To Decline By Almost 2 Million Hectares In Current year

According to Kazakhstan Minister of Agriculture, the total wheat plantation will be reduced by another 2 Ml ha or even more.The agro-industrial sector program envisages a reduction of wheat planted area by over 2 Ml ha within five years. However, this does not imply that grain output will fall: this area has been gradually decreasing since long ago. This had no impact on the total crop. We must collect larger volumes of quality grain from smaller areas. New markets are opening for exports of exactly Kazakh produce, particularly crop products.

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Europe’s refiners cash in despite OPEC oil cuts

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A global deal to cut oil production has had the unintended consequence of aiding Europe’s older refineries by bolstering supplies of light crude while curbing shipments of the heavier grades favoured by more advanced plants in other continents.

These European units, long thought doomed by competition from state-of-the-art refineries in the Middle East, Asia and the United States, are in the right place at the right time – enjoying good demand and oil availability that is, for them, growing. European refiners are well positioned versus the OPEC cuts,” said David Wech, managing director of consultancy JBC Energy.

  “The supply that is taken out of the market hits primarily the Asian market.” A deal between the Organization of the Petroleum Exporting Countries and non-member producers to cut output by 1.8 million barrels per day (bpd) has held oil prices roughly 20 percent above the low just before they sealed the pact late last year.

Indian gold prices flip to discount for first time in 7 weeks

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Gold started trading at a discount to official prices in India on Friday for the first time in seven weeks, and buyers elsewhere in Asia held back purchases, waiting for rallying bullion prices to ease.

Gold crept higher on Friday as investors opted for its relative safety given uncertainty about U.S. and European politics and the direction of stock markets. Gold, on track for a third week of gains, has risen about 7.5 percent in 2017.Gold was trading around 29,400 rupees per 10 grams on Friday, after falling to 26,862 rupees in December, the lowest level since Feb. 2, 2016. Gold demand in India will be muted this year after dropping to multi-year lows in 2016, as the government pushes to make the market more transparent and brings in a new tax, the World Gold Council (WGC) said.

“We are seeing only those who are buying for investment purposes since Donald Trump came in January. (The) rest of them aren’t buying and (are) waiting for prices to come down.”

Thailand Rice Exports Down 80 percent During February 1 – February 5, 2017

As per official data, the preliminary rice exports (excluding premium white and fragrant rice) for February 6-12, 2017, totaled 83,850 metric tons, down 102,043 metric tons from the previous week, and down 70,829 metric tons from the four-week moving average of 154,679 metric tons.Rice exports from January 1 -February 12, 2017, totaled 835,957 metric tons.

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Oil prices drop as oversupply concerns overshadow OPEC cuts

Oil prices slipped on Friday, retreating from the previous day’s gains under pressure from a stronger dollar and rising U.S. shale oil output, but losses were limited by expectations that producing countries will eventually cut enough output to reduce a global glut.

Rising U.S. output has helped boost domestic crude and fuel inventories to record highs. Still, the Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia agreed to cut output almost 1.8 million barrels per day (bpd) during the first half of 2017.

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Estimates suggest compliance by OPEC is around 90 percent, and Reuters reported on Thursday that OPEC could extend the pact or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level.

“It’s encouraging that it may not be a six-month deal but one of the issues is if you look at OPEC and other members basically reducing their supply and U.S. shale producers profiting from it, that’s going to produce some turmoil,” said Mark Watkins, regional investment manager at U.S. Bank Private Client Group.

COMMODITY LIVE CALL UPDATE BY RIPPLES ADVISORY

 

CALL : SELL ZINC @191.2-@191.3 TGT 190.7,189.7 SL ABOVE 192.2 2017-02-16.

HNI CALL: SELL LEAD @154.60-@154.80 TGT 153.80,152.30 SL ABOVE 156 2017-02-16.

CALL: BUY DHANIYA (APR) ABOVE 6750 TGT 6770,6800,6850 SL BELOW 6700.

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Ripples Advisory LME Inventories Data Update

Metals Tonnes Change

Aluminum        2220775 -5075
Copper              243350 -4475
Nickel               381546 -1494
Lead                  189175 +600
Zinc                   381300 -2350

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