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Crudeoil trading range for the day is 3107-3291. Crude oil prices ended with gains as support seen after reports of Yemeni missiles hitting Saudi Arabias oil facilities. Prices were also supported dollar after U.S. Federal Reserve Chair Janet Yellens comments at an international gathering of central bankers in Jackson Hole.The Saudi energy minister tempered expectations of strong market intervention by producers during talks next month. Members of the OPEC will meet on the sidelines of the International Energy Forum IEF, which groups producers and consumers, in Algeria from Sept. 26-28.

Copper trading range for the day is 304.6-312. Copper settled flat as prices remained under pressure on surging inventories and signs of weak demand in China Inventories of copper tracked by the LME have surged 25 percent over the past four days to the highest since November. China cut copper imports for a fourth month to the lowest level in 17 months. Warehouse stock for Copper at LME was at 271575mt that is up by 7700mt.

Menthaoil trading range for the day is 885-904.8. Mentha oil spot at Sambhal closed at 1036.60 per 1kg. Spot prices is up by Rs.0.30/-. Mentha oil gains amid increase in physical demand from major consuming industries in the domestic spot market. China and Japan have reduced their buying quantity in the recent past due to the economic slowdown had impacted Mint products exports. 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 108.5-110.7. Aluminium settled flat as aluminum inventories begin to rise due to release from new and restarted capacity and the off-season. An industry group in China said that the country aims to boost aluminum usage by almost 20 percent in the next three years. LME on-warrant primary aluminum inventories have fallen to their lowest level since 2008. Warehouse stock for Aluminium at LME was at 2246350mt that is down by -7425mt.

Naturalgas trading range for the day is 187.8-203.4. Natural gas prices gained as support seen after data showing that inventories of the fuel grew far less than average for this time of year. Prices also seen supported increased concerns that a storm could hit the Gulf of Mexico. A storm could disrupt offshore natural-gas production in the Gulf of Mexico, reducing supplies and raising prices. The U.S. Energy Information Administration said that natural-gas stockpiles grew by 11 billion cubic feet last week, less than the 19 bcf expected.

Jeera trading range for the day is 17670-18130.Jeera settled flat as pressure seen amid adequate stocks position following higher supplies from producing regions. As per the trade sources, Indias jeera exports rose nearly 25% to around 50,000 tonnes in Apr-Jul from 40,000 tn in the year-ago period.NCDEX accredited warehouses jeera stocks dropped by 42 tonnes to 5622 tonnes.

Turmeric trading range for the day is 7274-7694.Turmeric prices ended with gains on short covering amid rising demand at the spot market.India produced 2.52 lakh tonnes of turmeric in 2015-16, lower by 15 per cent than the previous year.NCDEX accredited warehouses turmeric stocks dropped by 30 tonnes to 7511 tonnes.In Nizamabad, a major spot market in AP, the price ended at 7842.1 rupees dropped -48.35 rupees.

Soyabean trading range for the day is 3337-3409. Soyabean prices dropped on expectation of higher yield following reports of favourable weather condition for standing crops. Currently crops are in excellent conditions and soybean output expected to rise to 10-11 million tons this year. Indian farmers have planted soybean over 11.18 million hectare marginally up from 11 million hectare a year. At the Indore spot market in top producer MP, soybean dropped -69 rupee to 3598 rupee per 100 kgs.

Nickel trading range for the day is 647.2-668.6. Nickel prices settled flat as doubts about Chinese demand and high stockpiles of the metal damped the outlook for the market. Steel production in China, will probably contract this year and shrink further in 2017 as local demand slows, hurting prospects for the metal. Imports in the first seven months totaled 13.84 million tonnes, a drop of 27.3 percent from the same period last year. Warehouse stock for Nickel at LME was at 370566mt that is down by -1848mt.

Zinc trading range for the day is 154-157.Zinc rallied as fresh shutdowns in Chinas steel sector added to mine supply concerns to ignite a short-covering rally.The jump in zinc occurred after state media said that China plans to cut steel production by 2.91 million tonnes in inner Mongolia this year.Zinc inventories in both Shanghai and Tianjin fell further because of improving downstream purchases and limited inbound shipments.Warehouse stock for Zinc at LME was at 454175mt that is down by -900mt.

Silver trading range for the day is 43053-45185.Silver prices ended with gains as support seen following a slight downward revision to U.S. second quarter economic growth.Comments from two top Federal Reserve officials that hinted at a potential U.S. interest-rate hike as early as next month.Yellen believes a rate-hike could be justified when looking at the recent data, adding to the belief that the Fed is getting closer to reaching its goalsThe Commerce Department said U.S. economic growth for the second quarter was revised slightly to an annual rate of 1.1%, from an earlier estimate of 1.2%.

Gold trading range for the day is 30638-31496.Gold prices pared gains as while the dollar turned up and U.S. stocks fell, as investors struggled to decipher the timing of a U.S. interest rate increase.Yellen said the case for raising U.S. interest rates has strengthened, although increases should be gradual.Gold discounts in India hit near three-month lows this week, while buying gathered steam elsewhere in Asia as lower prices and festive buying lifted demand.Russia and Kazakhstan continued to boost their gold reserves in July, data from the International Monetary Fund showed.