Page 228 - Commodity News

Cement prices and demand likely to see a rebound after Lok Sabha elections

After prices remained muted from April 2018 to January 2019, the sector witnessed a rebound in prices for a few weeks in February-March

Oil prices set for biggest Q1 gain since 2009 on US sanctions, OPEC cuts

For both futures contracts, the first quarter 2019 is the best performing quarter since the second quarter of 2009 when both gained about 40 per cent

Commodity outlook by Tradebulls Securities: Buy lead, copper

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.

Shunned by world, US sanction-hit nations' cheap oil finds haven in China

China bought 2.03 million metric tons, or 531,000 barrels a day, of crude from Venezuela last month, 17 per cent more than January and the highest since December 2017

NSE eyes 350-375 tonnes of domestically refined gold market for derivatives

So far, only London Bullion Market Association recognised bullion is accepted as good delivery on the exchange platform

Commodity picks: March 24, 2019

Mustard seed prices at the benchmark Jaipur spot market are trading at Rs 3838.75 per quintal

Gold imports' 5.5% dip during April-Feb likely to keep lid on CAD

Trade experts said softening prices of the yellow metal in the world markets could be the reason for the contraction in imports

Indian cos co-operating, stopped importing oil from Venezuela: Trump admin

Venezuela is the third largest supplier of oil to India which is the world's third-biggest oil consumer

Strong rupee pushes rice prices to seven-month high, dampening exports

India's 5 per cent broken parboiled variety was quoted around $392-$395 per tonne this week, up from $386-$389 last week

Industry not satisfied with Kerala's special loan package for Cashew units

Cashew units allege that the banks are still going ahead with attachment of properties and auction, despite the State government's consistent efforts

Aluminium touches three-month high after Norsk Hydro cyber attack

The trigger was the news from Hydro about their production problems after the cyber attack

Copper, aluminium prices higher after China's tax cut for manufacturers

The tax cut will save tax burden for enterprises but companies will make use of lower tax rate

Relief for farmers as Nafed plans massive mustard seed purchases at MSP

The produce is trading at Rs 3,500-3,700 a quintal in the ongoing rabi season across all wholesale mandis, which is around 15-20 per cent discount to MSP of Rs 4,200

Iron ore imports slow down in last 2 months; prices may go up by 7-10%

Global prices jumped owing to various reasons, including the accident in one of Brazil's mines

Centre extends soft loan window by 4 weeks for beleaguered sugar mills

Banks to consider soft loan application of sugar mills that would have cleared by March 26 at least 25% of sugarcane payables as on February 28

Global diamond production to fall 33% as mining reserves dry up

In 2018, diamond production touched a near record high of 150 million carat

Commodity picks: March 18, 2019

For the week ahead, prices are expected to head towards Rs 3,685 per quintal

India may stop refined gold imports in next five years, say experts

In 3-5 years, domestic refineries would meet the whole demand

Commodity outlook: Edible oil down but not out

Technically, palm looks vulnerable in the short-term and could revisit recent lows, but subsequent to that a strong rebound from there towards 2,175-2,200 MYR/ton levels is anticipated

Commodity outlook by Tradebulls Securities: Buy lead, sell nickel

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.