Icex Diamond Track Sheet : January 2020
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Icex Diamond Track Sheet : December 2019
Icex Diamond Track Sheet : December 2019
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Icex Diamond Track Sheet : November 2019
Icex Diamond Track Sheet : November 2019
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Diamond : Technical View : 05.12.2019
Diamond : Technical View : 05.12.2019
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Diamond 1Ct on ICEX settled down -0.39% at 3580.45 as market remained cautious due to trade war and Hong Kong unrest. Specific demand creating high inventory of less popular qualities. De Beers 2018 global market estimate finds rough sales +3% to $16.9B, production volume -3% to 154M cts. and value +2% to $17.4B, polished demand +2% to $25.3B, diamond-jewelry demand +2% to $76B.
Insight Report outlines changing attitudes toward love and their impact on the industry. De Beers has restated its estimation of global diamond-jewelry sales following a new study valuing the diamond content in jewelry purchases since the 2008 recession. The group also revised its production data to reflect lower output than previously believed, stemming from an overestimation of the artisanal mining sector.
Global diamond jewelry demand rose 2.4% to $76 billion in 2018, driven by growth in the US and China, De Beers said in its annual Diamond Insight Report published last week. However, that figure was below the $82 billion it had originally reported for 2017, as the company gained new insight relating to the elements that are included when valuing jewelry, De Beers explained.
Technically market is under fresh selling as market has witnessed gain in open interest by 9.74% to settled at 68136 while prices down -13.9 rupees, now Diamond 1Ct is getting support at 3574 and below same could see a test of 3568 levels, and resistance is now likely to be seen at 3592, a move above could see prices testing 3604
Insight Report outlines changing attitudes toward love and their impact on the industry. De Beers has restated its estimation of global diamond-jewelry sales following a new study valuing the diamond content in jewelry purchases since the 2008 recession. The group also revised its production data to reflect lower output than previously believed, stemming from an overestimation of the artisanal mining sector.
Global diamond jewelry demand rose 2.4% to $76 billion in 2018, driven by growth in the US and China, De Beers said in its annual Diamond Insight Report published last week. However, that figure was below the $82 billion it had originally reported for 2017, as the company gained new insight relating to the elements that are included when valuing jewelry, De Beers explained.
Technically market is under fresh selling as market has witnessed gain in open interest by 9.74% to settled at 68136 while prices down -13.9 rupees, now Diamond 1Ct is getting support at 3574 and below same could see a test of 3568 levels, and resistance is now likely to be seen at 3592, a move above could see prices testing 3604
Rubber : Technical View : 05.12.2019
Rubber : Technical View : 05.12.2019
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Rubber on ICEX settled down -0.24% at 13244 as demand from tyre makers has been subdued due to a slowdown in the domestic automobile sector. India's natural rubber imports for September fell 26.4% on month to 42,550 tn, Directorate General of Commercial Intelligence and Statistics data showed.
Vietnam gained nearly 1.8 billion U.S. dollars from exporting over 1.3 million tons of rubber in the first 10 months of this year, seeing respective year-on-year increases of 6.4 percent and 7.6 percent. China was Vietnam's largest importer of rubber in the period, accounting for over 65 percent of the total value, tailed by India and South Korea, according to the General Department of Vietnam Customs.
Rubber Board has revised downwards the production, consumption and import target for the current fiscal year for natural rubber keeping in mind the uncertainties in the global economy. The projection for production in 2019-20 has been revised to 730,000 tonnes, a decrease of 20000 tonnes from the earlier target. The new consumption figure for the year is 1140,000 tonnes against earlier 1270,000 tonnes. Considering the decline in import, the target for the year has been revised downwards by 85,000 tonnes to 415,000 tonnes.
Technically market is under long liquidation as market has witnessed remain unchanged in open interest by 0% to settled at 197 while prices down -32 rupees, now Rubber is getting support at 13200 and below same could see a test of 13170 levels, and resistance is now likely to be seen at 13260, a move above could see prices testing 13290.
Vietnam gained nearly 1.8 billion U.S. dollars from exporting over 1.3 million tons of rubber in the first 10 months of this year, seeing respective year-on-year increases of 6.4 percent and 7.6 percent. China was Vietnam's largest importer of rubber in the period, accounting for over 65 percent of the total value, tailed by India and South Korea, according to the General Department of Vietnam Customs.
Rubber Board has revised downwards the production, consumption and import target for the current fiscal year for natural rubber keeping in mind the uncertainties in the global economy. The projection for production in 2019-20 has been revised to 730,000 tonnes, a decrease of 20000 tonnes from the earlier target. The new consumption figure for the year is 1140,000 tonnes against earlier 1270,000 tonnes. Considering the decline in import, the target for the year has been revised downwards by 85,000 tonnes to 415,000 tonnes.
Technically market is under long liquidation as market has witnessed remain unchanged in open interest by 0% to settled at 197 while prices down -32 rupees, now Rubber is getting support at 13200 and below same could see a test of 13170 levels, and resistance is now likely to be seen at 13260, a move above could see prices testing 13290.
Steellong : Technical View : 05.12.2019
Steellong : Technical View : 05.12.2019
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Steellong on ICEX settled up 0.21% at 29260 on short covering after prices dropped as renewed trade uncertainties intensified risk aversion and weighed prices.
US President Donald Trump has signed two bills supporting the Hong Kong protesters into law, and this fueled trade deal doubts. China's stainless steel output in November is seen falling 2% from the previous month to 2.4 million tonnes and could fall further to 2.37 million tonnes in December. Handan, a major steelmaking hub in north China’s Hebei province, will activate an orange alert for heavy air pollution for three days starting from 12:00 CST November 28.
Under the secondhighest pollution warning in China's four-tier system, polluting enterprises including steel mills are required to cut or suspend production, and heavy-duty trucks with lower emission standards are banned from the road. China’s crude steel production dipped for a second straight month to 81.5 million mt in October, according to data from the World Steel Association (Worldsteel) reported. This was 0.6% lower than the same period a year earlier.
The Worldsteel report also revealed that crude steel production across 64 countries decreased 2.8% from a year ago to 151.5 million mt in October, barely changed from September. Inventories of construction steel rebar in China shrank from a year ago for the first time in the second half of this year so far.
Technically market is under fresh buying as market has witnessed gain in open interest by 3.11% to settled at 630 while prices up 60 rupees, now Steellong is getting support at 29150 and below same could see a test of 29050 levels, and resistance is now likely to be seen at 29330, a move above could see prices testing 29410.
US President Donald Trump has signed two bills supporting the Hong Kong protesters into law, and this fueled trade deal doubts. China's stainless steel output in November is seen falling 2% from the previous month to 2.4 million tonnes and could fall further to 2.37 million tonnes in December. Handan, a major steelmaking hub in north China’s Hebei province, will activate an orange alert for heavy air pollution for three days starting from 12:00 CST November 28.
Under the secondhighest pollution warning in China's four-tier system, polluting enterprises including steel mills are required to cut or suspend production, and heavy-duty trucks with lower emission standards are banned from the road. China’s crude steel production dipped for a second straight month to 81.5 million mt in October, according to data from the World Steel Association (Worldsteel) reported. This was 0.6% lower than the same period a year earlier.
The Worldsteel report also revealed that crude steel production across 64 countries decreased 2.8% from a year ago to 151.5 million mt in October, barely changed from September. Inventories of construction steel rebar in China shrank from a year ago for the first time in the second half of this year so far.
Technically market is under fresh buying as market has witnessed gain in open interest by 3.11% to settled at 630 while prices up 60 rupees, now Steellong is getting support at 29150 and below same could see a test of 29050 levels, and resistance is now likely to be seen at 29330, a move above could see prices testing 29410.
Diamond : Technical View : 28.11.2019
Diamond : Technical View : 28.11.2019
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On the daily chart, the price closed with negative note during the last session.
However, It has sustained above the 21*50 days SMA’s and Parabolic Sar, which signifies power to the bulls.
Furthermore, the price has sustained above the Falling Trendline, which adds support in the counter.
Momentum indicators MACD has crossed above the zero level, which indicates bullishness.
As per the above technical structure; we expect bullish move in the counter.
However, It has sustained above the 21*50 days SMA’s and Parabolic Sar, which signifies power to the bulls.
Furthermore, the price has sustained above the Falling Trendline, which adds support in the counter.
Momentum indicators MACD has crossed above the zero level, which indicates bullishness.
As per the above technical structure; we expect bullish move in the counter.
Diamond : Technical View : 27.11.2019
Diamond : Technical View : 27.11.2019
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Diamond prices dropped in yesterday’s session to settled at 3576.65 after the OECD says the global outlook is unstable. World GDP growth fell to 2.9 percent this year its lowest rate since the financial crisis - and is expected to remain stuck at 3 percent over the next two years. While down side will be limited as support can be seen in today's session with the all-import Thanksgiving shopping weekend that kicks off the holiday shopping period almost upon us, there are high hopes for a strong finish
to the year. Every holiday survey is predicting positive gains that should have retailers feeling positive. However, there are indicators that not all is well.
De Beers restricting supply through flexible buyback policy at $295M Sep. sight. US sustaining market for commercial-quality, medium-priced fancies under 1 ct. Chinese consumers seeking fancy shapes at better prices. Off-make, poorly cut fancies illiquid and hard to sell, even at very deep discounts.
Consumers shifting to lower-ticket items amid trade war uncertainty and stock market volatility. US polished-diamond imports dropped 21% to $1.6 billion in July, according to the latest data from the Commerce Department. Shortages in RapSpec A3+, nonfluorescent goods as manufacturers maintain low production.
Technically market is under long liquidation as market has witnessed drop in open interest by -56.76% to settled at 23250 while prices down -8.3 rupees, now Diamond 1Ct is getting support at 3573 and below same could see a test of 3569 levels, and resistance is now likely to be seen at 3582, a move above could see prices testing 3587.
to the year. Every holiday survey is predicting positive gains that should have retailers feeling positive. However, there are indicators that not all is well.
De Beers restricting supply through flexible buyback policy at $295M Sep. sight. US sustaining market for commercial-quality, medium-priced fancies under 1 ct. Chinese consumers seeking fancy shapes at better prices. Off-make, poorly cut fancies illiquid and hard to sell, even at very deep discounts.
Consumers shifting to lower-ticket items amid trade war uncertainty and stock market volatility. US polished-diamond imports dropped 21% to $1.6 billion in July, according to the latest data from the Commerce Department. Shortages in RapSpec A3+, nonfluorescent goods as manufacturers maintain low production.
Technically market is under long liquidation as market has witnessed drop in open interest by -56.76% to settled at 23250 while prices down -8.3 rupees, now Diamond 1Ct is getting support at 3573 and below same could see a test of 3569 levels, and resistance is now likely to be seen at 3582, a move above could see prices testing 3587.
Rubber : Technical View : 27.11.2019
Rubber : Technical View : 27.11.2019
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Rubber on ICEX settled down -0.8% at 13290 on profit booking after prices gained amid expectations of a fall in global output due to a severe pest attack in major producing countries such as Thailand, Indonesia and Malaysia. Further downside also seen limited due to higher demand from domestic stockists and an ongoing supply crunch in the market.
Thailand is pushing to export natural rubber to boost farmers’ income, the country’s commerce minister said. The minister also said Thailand had recently sold 100,000 tonnes of rubber worth 7.5 billion baht to India, and that he would travel to Turkey and Germany to negotiate more deals. Thailand, Indonesia and Malaysia face lower output of natural rubber as they battle an outbreak of the fungal disease pestalotiopsis, which causes leaves to turn yellow and spotted, amid a peak rubber-tapping period between October and December.
The disease threatens to cut output in affected areas by around half, and has been reported in more than 450,000 hectares of rubber plantations across the three countries.
Technically market is under long liquidation as market has witnessed remain unchanged in open interest by 0% to settled at 297 while prices down -107 rupees, now Rubber is getting support at 13250 and below same could see a test of 13200 levels, and resistance is now likely to be seen at 13350, a move above could see prices testing 13400.
Thailand is pushing to export natural rubber to boost farmers’ income, the country’s commerce minister said. The minister also said Thailand had recently sold 100,000 tonnes of rubber worth 7.5 billion baht to India, and that he would travel to Turkey and Germany to negotiate more deals. Thailand, Indonesia and Malaysia face lower output of natural rubber as they battle an outbreak of the fungal disease pestalotiopsis, which causes leaves to turn yellow and spotted, amid a peak rubber-tapping period between October and December.
The disease threatens to cut output in affected areas by around half, and has been reported in more than 450,000 hectares of rubber plantations across the three countries.
Technically market is under long liquidation as market has witnessed remain unchanged in open interest by 0% to settled at 297 while prices down -107 rupees, now Rubber is getting support at 13250 and below same could see a test of 13200 levels, and resistance is now likely to be seen at 13350, a move above could see prices testing 13400.
Steellong : Technical View : 27.11.2019
Steellong : Technical View : 27.11.2019
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Steellong on ICEX settled down -0.97% at 27600 as fears of tight supply eased amid favourable environmental conditions. The northwest province of Shaanxi withdrew its heavy pollution alert, after top steelmaking province Hebei lifted its second-level smog alert. Top trade negotiators from China and the United States held a phone call on Tuesday morning, China's Commerce Ministry said, as the two sides try to hammer out a preliminary "phase one" deal in a trade war that has dragged on for 16 months.
Steel consumption in north China has yet to show a significant decline, with demand releasing steadily in the south as construction sites stepped up operation before the Chinese New Year holiday. An estimated 75,000 mt of stainless steel production will be impacted as a large stainless steel producer in east China commenced annual maintenance on November 21, according to sources.
The company has an annualised capacity of 2 million mt. Operation of the integrated RKEF
production line will not be affected during the regular overhaul. Social inventories of hot-rolled coil (HRC) in China trended lower for a sixth straight week, as demand ramped up further after prices of ferrous futures jumped on the issuing of smog alerts across northern regions and mine accidents. Data showed that stocks of HRC across social warehouses decreased by 4.7% from a week ago to 1.77 million mt as of Thursday November 21.
Technically market is under long liquidation as market has witnessed drop in open interest by -13.53% to settled at 684 while prices down -270 rupees, now Steellong is getting support at 27460 and below same could see a test of 27310 levels, and resistance is now likely to be seen at 27810, a move above could see prices testing 28010.
Steel consumption in north China has yet to show a significant decline, with demand releasing steadily in the south as construction sites stepped up operation before the Chinese New Year holiday. An estimated 75,000 mt of stainless steel production will be impacted as a large stainless steel producer in east China commenced annual maintenance on November 21, according to sources.
The company has an annualised capacity of 2 million mt. Operation of the integrated RKEF
production line will not be affected during the regular overhaul. Social inventories of hot-rolled coil (HRC) in China trended lower for a sixth straight week, as demand ramped up further after prices of ferrous futures jumped on the issuing of smog alerts across northern regions and mine accidents. Data showed that stocks of HRC across social warehouses decreased by 4.7% from a week ago to 1.77 million mt as of Thursday November 21.
Technically market is under long liquidation as market has witnessed drop in open interest by -13.53% to settled at 684 while prices down -270 rupees, now Steellong is getting support at 27460 and below same could see a test of 27310 levels, and resistance is now likely to be seen at 27810, a move above could see prices testing 28010.
Diamond : Technical View : 22.11.2019
Diamond : Technical View : 22.11.2019
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On the daily chart, the price closed on the downside during the last session.
However, It has sustained above the 21*50 days SMA’s and Parabolic Sar, which signifies power to the bulls.
Furthermore, the price has sustained above the Falling Trendline, which adds support in the counter.
Momentum indicators MACD has crossed above the zero level, which indicates bullishness.
As per the above technical structure; we expect bullish move in the counter.
However, It has sustained above the 21*50 days SMA’s and Parabolic Sar, which signifies power to the bulls.
Furthermore, the price has sustained above the Falling Trendline, which adds support in the counter.
Momentum indicators MACD has crossed above the zero level, which indicates bullishness.
As per the above technical structure; we expect bullish move in the counter.
Rubber : Technical View : 22.11.2019
Rubber : Technical View : 22.11.2019
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Whatsapp Number : 91-9094047040 / 91-9841986753
On the daily chart, the price slipped and faced pressure during the previous session.
However, the price is trading above the median of the Bollinger Band.
Moreover, It has also sustained above the 21*50 days SMA’s and Parabolic Sar, which provides the counter with support.
Momentum indicators RSI(14) has sustained above the 50 level, which could provide strength in the near term.
As per the above technical structure; we expect bullish move in the counter.
However, the price is trading above the median of the Bollinger Band.
Moreover, It has also sustained above the 21*50 days SMA’s and Parabolic Sar, which provides the counter with support.
Momentum indicators RSI(14) has sustained above the 50 level, which could provide strength in the near term.
As per the above technical structure; we expect bullish move in the counter.
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