ALUMINUM PRODUCTION INCREASED 19%

COMMODITY TIPS | ALUMINUM PRODUCTION INCREASED 19%

Aluminium production increased 19% to 321 KT(Kilo Tonne), significant cost efficiencies achieved across the plants.Inputs costs were largely supportive thoughcrude derivative prices hardened sequentially.

 Aluminium Value Added Products (FRP and Extrusions) - up 8%, Wire Rod Production increased 36% reflecting the Company’s focus on power and other growth sectors.

Delivered highest ever quarterly Copper production at 106 KT,after successful planned annual maintenance shutdown. Improved efficiencies helped offset sharp decline in sulphuric acid prices.


Revenues for the quarter were broadly stable, as the impact of higher aluminium revenues was largely negated by a sharp decline in copper realisation. YOY, aluminium revenues were higher by almost 10% (excluding Utkal and Y-O-Y and if we include Utkal it is 9%)on the back of strong volume growth, however a9% drop in copper revenues negated this increase. The copper revenues declined due to decline in copper LME, along with lower premium and lower co-product prices (sulphuric acid and DAP).

The average LME (USD) for aluminium was mildly supportive (up by 2% YoY) along with a weaker Rupee; the local market premium was sharply lower (down 34%). The copper LME was lower by 10% vs. Q2FY16. Continued surge in imports of aluminium in the country also adversely affected the results.

The cost of most inputs continued to remain benign, though prices of crude derivatives increased marginally with a rise in crude prices. Coal cost increased marginally due toa decline in quality during the monsoon season. Alumina costs were also higher for standalone Hindalco as the transfer price is linked to alumina index prices, which rose sequentially. However, this price increase benefitted Utkal Alumina International Limited, the wholly owned unlisted subsidiary of the Company.

Y-O-Y, quarterly PBITDA at Rs 1,493crore was higher by 39%. This reflects a robust operational performance, not with standing the macro- economic headwinds. Depreciation and finance charges at Rs 946crore against Rs 926crorein Q2FY16 were marginally higher. Profit before tax for the quarter at Rs 547crore (before exceptional items) was much higher than that in the corresponding quarter of the previous year driven by strong operational gains.Net profit for Q2FY17at Rs 440crore, was significantly better than that in Q2FY16.

Compared to Q1FY17, Revenues from Operations were up by 17% mainly on account of higher volumes in both aluminium and copper segments.  PBITDA rose11% led by the copper segment’s enhanced performance. Sequentially, Net Profit rose 50%.
 
Following a notification issued by the Ministry of Coal making applicability of contribution to District Mineral Foundation effective retrospectively from 12th January, 2015, a one-time provision of Rs 60 crore has been made during the current quarter and is included in exceptional items.


Hindalco has adopted Indian Accounting Standards (Ind –AS wef. April 1, 2016 as mandated by the Ministry of Corporate Affairs. Figures for comparable period have been revised to comply with Ind-AS.

If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php
please drop your number for profit calls...?

GOLD PRICES WEAKER IN ASIA

GOLD PRICES WEAKER IN ASIA:-

Gold reversed course in Asia on Friday with investors awaiting further details on U.S. spending priorities to be set by president-elect Donald Trump that could drive demand for precious and industrial metals.
Gold for December delivery on the Comex division of the New York Mercantile Exchange fell 0.41% to $1,261.25 a troy ounce and silver futures for December delivery dropped 1.09% to $18.532 a troy ounce.
Elsewhere in metals trading, copper dropped 0.16% to $2.541 a pound after recent sharp gains. The metal is regarded as a leading indicator of the global economy. It is used in the construction of buildings, power generation and transmission and the manufacture of consumer electronics.

A day earlier, gold futures surged by as much as 4.7% to a six-week peak of $1,338.30, before falling back to end at $1,273.50, as financial markets recovered to show surprise gains in the wake of Republican Trump's shock presidential victory.

If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php

please drop your number for profit calls...?

COMMODITY TIPS | DOLLAR REBOUND AFTER TRUMP WIN, GOLD STEADY

DOLLAR REBOUND AFTER TRUMP WIN

Nov 10 Gold held steady early on Thursday after briefly surging to a six-week high in the previous session, as  global markets and the U.S. dollar showed surprise gains in the wake of Republican Donald Trump's presidential victory.
 
 Spot gold was little changed at $1,278.25 an ounce at 0051 GMT. The metal rose nearly 5 percent to $1,337.40 in the previous session, its highest since Sep. 27, before tumbling back down as U.S. markets reacted positively to the Trump win. U.S. gold futures were up 0.41 percent to $1,278.70 per ounce. Asian shares rebounded on Thursday and the dollar firmed after global markets made a remarkable comeback from the shock  of Republican Donald Trump's presidential victory, dumping safe-havens for the tempting returns of risk assets. MSCI's broadest index of Asia-Pacific shares outside Japan  was up 0.81 percent. The dollar index, which measures the greenback against a basket of major currencies, was steady at 98.499. Donald Trump's victory in the U.S. presidential race throws into question the core assumption in global financial markets that the Federal Reserve will raise interest rates soon
and follow with further gradual hikes over coming years.Trading volumes in COMEX gold futures soared on Wednesday to reach the highest on record as investors fled to safe-have bullion in the aftermath of Donald Trump's surprise victory in the U.S. presidential election. CME said trading will commence in COMEX's London spot gold and London Spot Silver Futures on Jan. 8, 2017 for trade date Jan. 9, 2017
Spot gold prices surged nearly 5 percent with Donald Trump's surprise U.S. presidential election win spurring purchases of physical gold. The European Central Bank is prepared to respond to any economic shock from Trump's victory but it is too early to draw any conclusion, ratesetters said on Wednesday. Spot gold is expected to fall to $1,249 per ounce, as suggested by its wave pattern and a Fibonacci retracement analysis. If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php  please drop your number for profit calls...?

MCX TIPS | GOLD ASIAN TRADE

MCX TIPS | GOLD ASIAN TRADE

Nov 9 Gold steadied in Asian trade on
Wednesday as early state exit polls in the U.S. presidential
election showed wins for both Republican Donald Trump and
Democrat Hillary Clinton.
    Elsewhere, equities were generally firmer, but the dollar

slipped on the yen and euro as investors hedged against the risk
of a shock win by Trump.
    Clinton led Trump, 44 percent to 39 percent, in the last   Reuters/Ipsos national tracking poll before election day. A  Reuters/Ipsos States of the Nation poll gave her a 90 percent chance of defeating Trump and becoming the first woman elected U.S. president. A potential Clinton victory would sharpen investor appetite  for risky assets and reduce the draw of safe-havens such as Gold.  Spot gold was flat at $1,274.90 an ounce by 0027 GMT. Bullion has lost nearly 3 percent since touching a one-month
high above $1,300 on Nov. 2.
    "If Clinton does win, this is not going to be a major surprise so the magnitude of adjustment that we would see coming through in gold may not be that large," said Vishnu Varathan, senior economist at Mizuho Bank.Varathan said the reaction in the gold market to the outcome of the U.S. vote may be more limited compared to its surge when Britain voted to leave the European Union in June.
    "In this case whether it's a Clinton win or a Trump win, at this point beyond just unravelling some of the very tail-risk events, there's really nothing left in the tank to aggressively
trade gold," he said.U.S. gold for December delivery was also flat at $1,275.20 an ounce."In early trades we see a bit of dip in gold prices, but it is not as big as we have seen in the previous few days, which
shows a Clinton win has been largely priced in by the markets," said Vyanne Lai, analyst at National Australia Bank. "Early signs do suggest that a Clinton win is highly likely and prices would then track lower."
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php
please drop your number for profit calls...?

COMMODITY MARKETS: THE RISE IN BASE METALS

COMMODITY TIPS: COMMODITY MARKETS: THE RISE IN BASE METALS

Base metals today is witnessing a tremendous boom. Zinc on the London Metal Exchange reached a height of 5 years, 8 months, while copper is at the highest level. MCX Copper 1.4 per cent to Rs 339.15, while nickel traded at Rs 731 with a gain of 4.7 per cent is vigorous. Aluminum is trading at Rs 115, up 0.25 percent. Lead with 0.8 per cent is trading at Rs 141. Zinc is trading 1.25 percent stronger at Rs 165.

Gold- silver has been diluted by a stronger dollar. Comaks gold price has come down to $ 1300. 1 per cent on MCX gold is trading below Rs 30250. Silver also fell 0.5 per cent has come down to Rs 43150.

3-month low in crude oil purchases returned today. Crude oil is traded with good gains. 1.5 per cent surge on NYMEX WTI crude is trading at $ 44.8 with. Brent crude rose by $ 46.3 B 1.5 per cent is reached. MCX Crude oil jumped nearly 2 per cent is trading at Rs 3,000. Natural gas, with a gain of 3 per cent to Rs 191.8 is reached.

Agri commodities at NCDEX soy oil December futures rose 0.4 per cent to Rs 675.25. Jeera December futures price of Rs 18 170 with a gain of 1.3 per cent is reached.  
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php
please drop your number for profit calls...?
 

GOLD & COPPER LEVELS

COMMODITY TIPS GOLD & COPPER LEVELS

Gold prices slipped from one-month high during European hours on Thursday, as the Federal Reserve signaled it could hike interest rates in December. Earlier this week, the uncertain U.S. election continued to cloud the market's outlook that helped Gold futures.

Gold for December delivery on the Comex division of the New York Mercantile Exchange was down $17, or 1.3%, to $1292 a troy ounce. MCX Gold was trading at Rs 30330 per 10 grams, down 1.1%. The prices tested a high of Rs 30649 and a low of Rs 30280 per 10 grams.

The Fed kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signaled it could hike in December as the economy gathers momentum and inflation picks up.
The US Dollar index which measures the greenback's strength against a trade-weighted basket of six major currencies was down 0.3% at 97.12 early Thursday, after falling to 97.08 earlier, the weakest level since October 11.

Copper prices maintained the journey of gains during the session ending Friday . The metal closed above Rupees 334 per kg steppung aside levels of INR 330 per kg, which is the important psychological level a few days back. If this rally continues the prices of copper can move towards INR 338 per kg levels. Meanwhile on the lower side supports of Rupees 330 per kg level are active. The red metal closed  at INR 334.25 per kg and tested high of INR 335.25 per kg while on the lower side INR 330.70 kg levels registered.
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php
please drop your number for profit calls...?

OIL PRICES STEADY SENTIMENT BEARISH

OIL PRICES STEADY SENTIMENT BEARISH

Oil prices edged up on Friday, stabilising after five straight days of falls triggered by a surge in US crude inventories and doubts over the ability of producers to coordinate output cuts.   Brent crude futures were up 16 cents, or 0.35 per cent, at $46.51 per barrel at 1220 GMT.  US West Texas Intermediate (WTI) futures rose 17 cents, or 0.4 per cent, to $44.83.   Despite the slight increases, traders said sentiment was bearish. Brent fell for the past five straight trading sessions and is down over 13 per cent since its recent peak in mid-October.    "The persistent market dynamic of softer demand and stronger supply will become a more dominant driver of prices as the impact of OPEC 's verbal interventions begins to fade and expectations for coordinated cuts are readjusted," BMI Research said in a note to clients.    "We see a trading range of $43-53 per barrel leading oil markets into the new year and we maintain our forecasts of an average 55 per barrel and $53.5 per barrel for Brent and WTI respectively for 2017," it added.    Analysts said markets were also weighed down by traders pulling out money from futures ahead of the US presidential elections, which are seen as a risk to markets.  If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php
please drop your number for profit calls...?