Japan's crude steel output fell 3.3 percent in December from a year earlier to 7.53 million tonnes, the Japan Iron and Steel Federation said.
Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, in a rare move by OPEC's second-largest producer which is trying to meet its obligations under the group's production deal.
KEDIA: I. FOM: TGT ACHIEVED IN JEERAUNJHA MAR AT 13320.00, PROFIT RS.2,700.00.
KEDIA: C. HARMONIC: BUY RMSEED ABV 5620 SL BELOW 5420 TGT 5820. CMP: 5620. NCDEX
KEDIA: C. HARMONIC: BUY ALUMINIUM FEB ABV 163.2 SL BELOW 159 TGT 167. CMP: 163.2. MCX
KEDIA: C. HARMONIC: ONCE EXIT LONG IN ALUMINIUM JAN AT 164.20. BOOK PROFIT RS. 1,000.00. MCX
*KEDIA: AGRI COMMODITY MARKET UPDATE* -
* Mentha oil prices dropped due to demand from cosmetics and toiletries sector in India.
* Cotton prices gained as support seen after USDA projecting lower opening stocks, production and ending stocks raising hopes of exports from India.
* Chana gained as Nafed’s unstable chana releasing strategy continues to affect market directly at a time when area is up by 5 %
* Turmeric dropped due to excess stocks which will be 50-60% of the excess in the current year as carry forward in the next year.
* Jeera prices gained due to constraints in supply as the end of season approaches.
* Dhaniya prices dropped as there is a high arrival of new crop and prices are being fixed according to its moisture.
* Soyabean gained supported by signs of strong demand from both the domestic processing sector as well as the export market.
* Ref soyoil prices dropped as pressure seen amid the sowing of oilseed crops has increased to 81.80 lakh hectares.
* Crude palm oil dropped as dismal Jan. 1-20 exports data dragged the market.
* Mustard seed gained on short covering after prices dropped as India’s 2020-21 mustard crop may touch 100 lakh ton-level.
* Castor gained amid a fall in acreage, also due to cold wave and frost, crops are sure to be damaged.
*KEDIA: DAILY LEVELS*
*AGRIDEX* - 1155
*KEDIA: SPICES LEVELS*
*TURMERIC* - 6288
*JEERA* - 13200
*DHANIYA* - 6056
*KEDIA: DAILY LEVELS*
*CHANA* - 4472