Page 1329 - Commodity News

Zinc weakens 0.6% on sluggish demand

Weak spot market trend affected the trade

Aluminium falls 0.4% on global cues

Prices fell as speculators offloaded positions driven by weak spot market demand

Mentha oil up 1.4% on pick-up in spot demand

Restricted supplies from Chandausi influenced mentha oil futures trade

Cardamom sheds 1.7% on subdued demand

Traders offload positions as inventories swell up in physical market, forcing downward trend in futures

Lead futures soften on sluggish demand

March and April contracts shed 0.85% each, downside limited by firming base metal trends in Londonon

Copper sheds 0.6% on profit-taking

Metal's strength at London Metal Exchange limit decline

Nickel loses 0.8% on subdued demand

Low offtake from alloy makers lead to a fall, but firmness in entire base metals pack at LME caps decline

Essar plans port for its African steel plant

Ten MT port in Mozambique will facilitate exports from Zisco, a Zimbabwe based company it acquired in 2010

ArcelorMittal to take Liberia ore capacity to 15 MT by 2015

The company has invested over $1 bn in development of its ops in the African nation so far

Pressure on precious metals to continue in near term

In Feb, gold price fell 5.26% or $87.52 to $1576.18 an ounce (oz) on reducing its appeal as a hedge against inflation

Bauxite export duty to aid aluminium smelters

No export duty to spur investment in rice bran solvent extraction

Chidambaram's appeal: Don't buy so much gold

The budget surprised traders by keeping gold import duty unchanged at 6%.

Govt increases base import price of gold, silver

Basmati export price may be cut by $200

High-yield pepper seed in a year

Talks on to get output-multiplier seeds, which give up to 20 times more yield, from Madagascar

Additional export duty likely on deoiled rice bran

FMC may ban 2 more traders over guar price manipulation

Oil prices rise on supply disruption concerns

Copper futures weaken on global cues