Jeera ended with gains on fresh buying tracking the strong spot demand. Receding carryover stocks in major mandis also added some buying in futures market. NCDEX accredited warehouses jeera stocks dropped by 69 tonnes to 8098 tonnes.In Unjha, a key spot market in GuSpot pepper gained 236.05 rupees to 32221.05 rupees per 100 kg in Kochi market.
Natural Gas trading range is 106.6-135.8.. Natural gas jumped on short-covering after news that Chesapeake Energy stated that it plans on reducing production levels. The cutbacks in production are designed to reduce a supply glut in the United States caused by a warm winter season. The U.S. Energy department cut its estimate for natural gas reserves in the Marcellus shale formation by 66%,
Aluminium trading range is 109-111.6.Aluminium outlook remian firm as producers, including Alcoa and Norsk Hydro , have cut global capacity.Rising power costs for the energy-intensive metal played a key role in closures of high-cost operations, some permanently.Estimating that cuts could reduce China's primary aluminium output by about 5% from the Dec'11 level..
Guarseed trading range is 11739-12583.Guarseed rose to yet another record high on as large traders bought betting on a further rise in prices . Exports of Guar gum from April to September 2011 stood at 2.86 lakh tn a rise of 68 % compared to 1.70 lakh tn . FREE NCDEX accredited warehouses guarseed stocks dropped by 280 tonnes to 66921 tonnes.In Jodhpur guarseed prices gained 417.15 rupees to 12508.45 rupees per 100 kg.
Chana trading range is 3184-3278.Chana gained on concerns production could decline this year as the area under the cultivation fell .Arrivals have started, but they are in very less quantities and from the next week onward.NCDEX accredited warehouses chana stocks dropped by 717 tonnes to 32805 tonnes. In Delhi spot market, chana jump up by 36.1 rupee to end at 3286.1 rupee per 100 kgs.
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