Choice Commodity Research

Sumeet Bagadia’s Desk : Book Profit @ 347.80...Buy in Commodity ALUMINI|31AUG26 @ 346.60 SL 344.40 TGT 351.00

Aluminium Update Norsk Hydro's Alunorte alumina refinery in Para, Brazil, started ramping up production following a period of slowdown due to disruptions in access to natural gas. -Choice Broking

Daily LME Stock Update London Metal Exchange stocks: copper down 2,750 tonnes; zinc down 4,550 tonnes; lead down 1,700 tonnes; aluminium down 1,700 tonnes. Impact: Positive for Basemetal. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|31AUG26 in Commodity @ 234540.00 SL 232721.00 TGT 238178.00

Crude Oil Update Crude oil prices declined as investors monitored efforts to reopen the Strait of Hormuz. Despite ongoing risks, flows continue, while weaker demand outlooks from the IEA and OPEC, including a fourth forecast cut, added pressure. -Choice Broking

*Bullion Update* India’s gold imports rose 4.77% to $4.16 billion in July, while silver imports plunged 66.1% to $171.68 million following higher customs duties. Meanwhile, imports from Switzerland surged 62.26% to $2 billion during the month. -Choice Broking

Sumeet Bagadia’s Desk:Buy ALUMINI|31AUG26 in Commodity @ 346.60 SL 344.40 TGT 351.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|24AUG26 CE 270.00 in Commodity @ 4.90 SL 3.90 TGT 6.90

Dollar Update The dollar index hovered near 99.82 as subdued US inflation reduced September Fed rate hike expectations to 35% from 55%. Easing price pressures support the dollar, though Middle East tensions and Strait of Hormuz uncertainty remain risks. -Choice Broking

Crude Oil Update Shipping traffic through the Strait of Hormuz remained below the monthly average amid heightened US-Iran tensions. Commodity vessel transits rose slightly Thursday but stayed below August’s daily average of 12, according to Kpler data. Impact: Positive for Crude Oil. -Choice Broking

Gold Update Russia's central bank FX and gold reserves stood at $740.0 bln in the week to Aug 7, up from $720.3 bln the previous week. -Choice Broking

Bullion Update India’s gross gem and jewellery exports rose 2.44% YoY to $9.17 billion during April–July 2026, supported by strong demand for value-added products, particularly studded gold and silver jewellery. Impact: Positive for Bullion. -Choice Broking

Crude Oil Update US Energy Secretary Wright said the US is communicating and coordinating with every vessel; oil shipments through the Strait of Hormuz will continue to increase, and US escort and transport capacity is being bolstered. -Choice Broking

Global Market Heatmap Global markets are mixed: US equities are mostly steady, while the Nikkei 225 declined 0.49%. European markets are positive, with DAX up 0.54% and Euro Stoxx 50 up 0.34%. Crude oil is firm, with WTI at $81.33 and Brent at $87.09. Natural gas gained 0.59%. In metals, gold fell 1.08%, silver 1.42%, platinum 0.85%, and palladium 1.01%, while copper was marginally lower. The US dollar index stood near 99.81, while the VIX eased to 15.95, indicating relatively subdued market volatility.

US Natural Gas Storage Actual : 36B Forecast: 31B Prev.: 33B Impact: Negative for NG

*Sumeet Bagadia's Desk: Book Part Profit in CRUDEOIL Spread* Approx. Profit of Rs. 3100 at cmp.

Sumeet Bagadia’s Desk : Book Profit @ 145.00...Buy in Commodity CRUDEOIL|17AUG26 PE 7700.00 @ 134.00 SL 112.00 TGT 178.00

US Core PPI m/m Actual : 0.2% Forecast: 0.3% Prev.: 0.4% Impact : Positive for Bullion US PPI m/m Actual : 0.0% Forecast: 0.2% Prev.: -0.3% Impact : Positive for Bullion US Unemployment Claims Actual : 209K Forecast : 202K Prev.: 199K Impact: Positive for Bullion