Speculators created fresh positions pushing prices up to Rs 5,409 per barrel
Lower arrivals influence prices
Spot demand from alloy-makers influences prices
Pick up in spot demand influences prices
Less arrivals influence prices
Weak overseas trend limits gains
Benzene was up 27%, Paraxylene up 20%, Naphtha was up nearly 30%
Up 15-20% in two months, with output cuts adding to pressure might not sutain, say observers
This is even when exports are under the open general license and the govt has removed any cap on the export price
Sesa Goa to reapply for clearance, others await govt notification
Adequate supplies limit gains
A firming trend overseas after the US Federal Reserve announced fresh round of stimulus boosted the demand
Pick up in demand at the domestic spot supports uptrend
Rising demand from battery-makers supports uptrend
Pick up in demand from alloy-makers supports uptrend
The US Federal Reserve's monetary easing measures raised demand for metals
Restricted arrivals from producing belts support uptrend
Limited arrivals from producing belts influences prices
Restricted arrivals from producing belts influence prices