Page 192 - Commodity News

Commodity picks: May 18, 2020

Maize prices are expected to trade lower towards Rs 1,150 - Rs 1,100 per quintal in a couple of weeks

After a week's lockdown, APMC Vashi to open on Monday with new arrangement

Limited quantity for veggies, grains and masala from Monday and rest from Thursday

APMC Vashi near Mumbai goes online, modalities to be finalised on Saturday

The move aims to reduce footfalls, auction sale to begin soon

Gold at all-time high of Rs 46,879 on fear of a second Covid-19 wave

If 3% GST is considered, price is just Rs 1,715 away from Rs 50,000 per 10 gram; Silver hits Rs 45,035 a kg, up Rs 2,050 from yesterday

Commodity outlook and recommendation by Tradebulls Sec: Buy Gold, Copper

Gold is trading in 'buy on dips' environment

NCDEX to launch tradeable agri index to hedge risk in underlying commodity

As per the existing plan, soybean would have the highest weightage in the commodity index followed by chana, guarseed and refined soyoil

Crude oil may struggle to top $40/barrel mark despite a glimmer of optimism

S&P Global Platts Analytics estimates gasoline demand destruction in the broader Asian region, excluding China, probably peaked in April, with a year-on-year decline of 17% or 700,000 barrels per day

MCX prepares for negative trading in all commodities after crude oil row

After crude oil last month, market fears natural gas may also see negative price trading: exchange announces special auction window for exit opportunity

Jewellers start opening stores, sales down 25% amid Covid-19 crisis

All India Gems and Jewellery Domestic Council Chairman Anantha Padmanabhan said jewellers have opened shops in few states after taking permission from local authorities in the last one week

Commodity picks: 11 May, 2020

Barley is trading at Rs 1,595 per quintal in Jaipur market

Mumbai supplies to be hit as Vashi APMC shuts for a week to curb Covid-19

The need to close the mandi arose after confirmed Covid-19 cases surpassed 80 within the APMC itself and shot past 450 across Navi Mumbai, where this mandi situated

India's plastic exporters eye China's market share in western world

India's share in the $1 trillion global plastic exports market is 1% currently, while China's is as much as 10%

Outlook & trading strategies for Nickel, Natural Gas by Tradebulls Sec

Nickel took support around 900 and then bounced back till 932

It will take years for jewellery sales to reach pre-Covid levels: Experts

Zero making charges may not work any more; store sales to be impacted as consumers buy online

Crude oil punters shift positions to natural gas after negative price row

According to the MCX data, the share of natural gas in the total volume of the exchange has almost tripled, while that of crude has reduced by more than half

April gold imports plunge 99.9% to three-decade low amid lockdown: Report

In value terms, April imports dropped to $2.84 million from to $3.97 billion a year ago

Surat diamond exports resume but a $2 billion inventory headache remains

So far, initial exports are estimated to be of the tune of Rs 600 crore which is minuscule compared to the polished diamond inventory

Jewellery exporters seek permission to start diamond bourse, SEZ in Mumbai

The industry would like to commence operations at the earliest to avoid cancellation of pending orders

Mango traders suffer loss as Alphonso sales slump in Mumbai amid lockdown

The coronavirus cases in Maharashtra have reached 12,296, including 2,000 discharged cases and 521 deaths.

Outlook & trading strategies for Copper, Silver by Tradebulls Securities

Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200