Mcx commodity tips: Natural Gas Futures Swiped in the Domestic and Overseas Market

Mcx commodity tips: Natural Gas futures swiped in the domestic and overseas market on Wednesday as investors and speculators booked fresh positions in the energy commodity as investors eyed the release of the weekly US storage data on Thursday to gauge the strength of the desired for the weather-sensitive fuel in the world’s biggest fuel consumer.

At MCX, Natural Gas futures for April 2015 contract ended at Rs 163.90 per 1 kg, up by 3.73 % after opening at Rs 157.10, against the last ending price of Rs 158. It touched the intra-day high of Rs 164.2 till the ending.

Mustard seed prices ended higher by 2.48 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At NCDEX, mustard seed futures for April 2015 contract ended at Rs. 3,725 per quintal, up by 2.48 %, after opening at Rs. 3,770 against the last ending price of Rs. 3,635. It touched the intra-day high of Rs. 3,770.

Maize prices ended lower by 1.59 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. Sentiment weakened further as a result of a decline in the desired for the commodity from bio-fuel making industries tracking the weak global markets. At NCDEX, maize futures for April 2015 contract ended at Rs. 1,177 per quintal, down by 1.59 %, after opening at Rs. 1,186 against the last ending price of Rs. 1,196. It touched the intra-day low of Rs. 1,175.

Barley prices ended lower by 1.64 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the desired from beer and cattle-feed makers. Sentiment weak-ended further on account of a surge in the arrivals of the commodity along with the sluggish desired on higher levels. At NCDEX, barley futures for April 2015 contract ended at Rs. 1,177 per quintal, down by 1.64 %, after opening at Rs. 1,191 against the last ending price of Rs. 1,158. It touched the intra-day low of Rs. 1,177.