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Copper trading range for the day is 310-320.6.Copper prices slipped below 314 level to six-week lows on market jitters over the timing of U.S. interest rate rises.LME copper inventories up nearly 30,000 tonnes since Aug. 17According to ICSG the copper market saw a deficit of 222,000 tonnes in the first five months of the year.Warehouse stock for Copper at LME was at 240075mt that is up by 10700mt.

Zinc trading range for the day is 153.5-155.5.Zinc prices settled up at 154.75 as lower mine supply has eroded feed for smelters.Worrying the market is a large LME position, holding 40-49 percent of zinc warrants and cash contracts.Chinese imports of zinc contained fell substantially, by 26% with the countrys net imports of refined zinc metal growing by 112%.Warehouse stock for Zinc at LME was at 455100mt that is down by -100mt.

Nickel trading range for the day is 679-692.6.Nickel prices ended with losses as pressure seen with a stronger dollar hitting the prices.Global nickel market ended in deficit of 80,800 tonnes in January-June 2016 with apparent demand exceeding production, according to WBMS.Data showed new U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years.Warehouse stock for Nickel at LME was at 373548mt that is down by -144mt.

Menthaoil trading range for the day is 869.8-924.6.Mentha oil spot at Sambhal closed at 1045.00 per 1kg. Spot prices is up by Rs.8.50-.Mentha oil prices gained amid a pickup in physical demand from major consuming industries in the domestic spot market.Further, restricted supplies amid lower physical arrivals from the major producing belts in the country also supported mentha oil prices.Indias mentha oil output was estimated to remain lower this year from 32,000 tonnes produced during last year.

Aluminium trading range for the day is 110.6-112.2.Aluminium settled flat on market jitters over the timing of U.S. interest rate rises, dollar direction and strength of demand in China. Aluminum production in China will grow further in August to 2.69 million tonnes due to release of new and restarted capacity.Markets are now looking to a gathering of central bankers on Friday for clues on any U.S. rate hikes. Warehouse stock for Aluminium at LME was at 2234525mt that is down by -7025mt.

Naturalgas trading range for the day is 175.5-188.9.Natural gas rallied above 184 level as forecasts for warmer than normal temperatures across the US in the days ahead.A weather system exiting the northeastern US has left slightly cool temperatures in its wake with highs only in the upper 70s to lower 80s.Overbought conditions will also soon be a factor to put pressure on prices else prices can test 190 level soon.Market players looked ahead to weekly supply data due on Thursday, which is expected to show a build of approximately 24bcf.

Jeera trading range for the day is 17935-18445.Jeera prices gained due to rising demand from the countries like China and Bangladesh.As per 4thadvance estimate of Gujarat State for 2015-16, production is pegged at 2.38 lt compared to 1.97 lt in 2014-15.NCDEX accredited warehouses jeera stocks dropped by 45 tonnes to 5673 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -55 rupees to end at 18925 rupee per 100 kg.

Turmeric trading range for the day is 7280-7616.Turmeric ended with gains on short covering after prices dropped amid good health of new season crop At Duggirala market sources reported arrivals at 584 quintals, higher by 305 quintals from previous days arrivals.NCDEX accredited warehouses turmeric stocks gained by 100 tonnes to 7581 tonnes.In Nizamabad, a major spot market in AP, the price ended at 7930.95 rupees dropped -202.35 rupees.

Soyabean trading range for the day is 3429-3521.Soyabean prices gained on short covering after prices dropped tracking reports of better production due to good monsoon The US soybean crop is reported to be setting pod at 89% compared to 85% during the corresponding period last year and 5 year average.The USDA hiked US, production estimates to 110.5 million tons in August compared to 105.6 in previous month and 106.9 a year ago.At the Indore spot market in top producer MP, soybean gained 1 rupee to 3713 rupee per 100 kgs.

Crudeoil trading range for the day is 3094-3328.Crude oil prices ended with gains on report that Iran may support coordinated crude-output freeze. Iraqs prime minister said the country had not yet reached its full oil market share, suggesting his government would not restrain crude output.An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Irans refusal to take part of the initiative.Today crude oil inventories: Exp: -0.5m Prev: -2.5M. Actual is at 8.00PM

Gold trading range for the day is 31197-31501.Gold settled flat as markets shifted focus from comments by Fed official over the weekend to a meeting of global central bankers later this week.U.S. Federal Reserve Chair Janet Yellen may provide more clarity on interest rates in a speech at the meeting of central bankers.Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners.Switzerlands gold exports to the United Kingdom hit their highest in nearly four years in July, customs data showed.

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