Page 154 - Commodity News

Oil climbs as demand optimism overshadows India Covid-19 infection worries

Vaccinations are expected to lift global oil demand, especially during peak travel season in the third quarter, prompting analysts to increase their forecasts for Brent prices for a fifth month

India's gold demand could falter in June quarter on Covid-19 lockdowns: WGC

Appetite for gold soared in the first quarter on pent-up demand after weddings were delayed in 2020 due to the Covid-19 pandemic

Rally in commodities still has plenty of room to run: Goldman and UBS

Raw materials are likely to surge 13.5 per cent in the next six months

Copper climbs to highest in 10 years as global recovery powers metals

Copper, a bellwether for the global economy, rose as much as 2.4% to $9,780 per tonne in London

Covid-19: Steel firms expect no production disruption amid oxygen diversion

Market cap of top four steelmakers up 29% in April so far; demand from China is a strong tailwind

S&P Global Platts cuts India's 2021 oil product demand forecast by 9%

The total oil demand in India, according to their estimate, had declined to 470,000 b/d in 2020

Oil falls as India's Covid-19 surge to weigh on fuel demand: Details here

In Japan, the world's fourth-largest oil buyer, a third state of emergency in Tokyo, Osaka and two other prefectures began on Sunday

Second coronavirus wave stifles gold demand in India

The second wave has been badly affecting demand as many showrooms are closed due to restrictions, says a wholesaler

Gold price today at Rs 50,850 per 10 gm, silver trending at Rs 70,300 a kg

In New Delhi, the price of 22-carat gold is at Rs 46,650 per 10 gm, while in Chennai it fell to Rs 45,370

Global steel price surge leaves scope for hike in domestic market

The current price differential is the highest in over 13 years, surpassing the previous high of Rs 13,000 a tonne seen in June-August 2008

Gold price today at Rs 50,810 per 10 gm, silver trending at Rs 68,800 a kg

In New Delhi, the price of 22-carat gold is at Rs 46,590 per 10 gm, while in Chennai it fell to Rs 45,060

Surge in steel price opens up room for companies to increase rates

Steel prices started rallying from March after the Chinese New Year holiday

Oil falls for second day as India's Covid-19 surge to dent fuel demand

India, also the world's third-largest oil user, on Tuesday reported its worst daily death toll from Covid-19 and is facing an oxygen supply crisis to treat patients

India's sugar production seen rising again in the new season: USDA

Assuming normal rainfall and favorable weather conditions, India's centrifugal sugar production in marketing year (MY) 2021/22 (October-September) is forecast to grow 3% to 34.7 million metric tons

Gold price today at Rs 50,520 per 10 gm, silver trending at Rs 68,600 a kg

In New Delhi, the price of 22-carat gold is at Rs 46,300 per 10 gm, while in Chennai it fell to Rs 44,500

Gold price today at Rs 50,620 per 10 gm, silver trending at Rs 69,200 a kg

In New Delhi, the price of 22-carat gold is at Rs 46,400 per 10 gm, while in Chennai it fell to Rs 44,950

Oil falls amid surging coronavirus infections in India, other countries

Oil prices fell on Monday amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity

Gold imports up by 22.58% to $34.6 billion in 2020-21, CAD takes a beating

Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 trillion ) during 2020-21 due to increased domestic demand

Gold heads for second straight weekly gain as investors weigh US data

The latest numbers from both countries show consumer spending boosting the recovery from the pandemic

Global steel imbalances raise scope for Indian exports in Apr-Jun: Platts

As of April 12, HRC steel prices were $300/tonne higher. India has already exceeded its EU quota by 40,000 tonnes this year but hopes steel will be allowed given coil shortage in Europe