Page 2366 - Commodity News
Lead recovers on spot demand, global cues
The rise in lead is attributed to a firming global trend and pick-up in demand from battery-makers in the spot market
Zinc regains strength on global trend
Rising demand at the domestic spot markets supported the recovery in zinc futures
Gold rebounds in futures trade on global cues
Gold for delivery in August recovered by Rs 163 to Rs 29,065 per 10 grams
Cardamom up 1.6% on spot demand, tight supply
Strong domestic and export demand at spot markets influenced cardamom prices at futures trade
Nickel rises marginally on industrial demand
Domestic demand, weak rupee supported the gain
Turmeric weakens on subdued demand
Subdued demand against adequate stocks position mainly led to fall in turmeric prices at futures trade
Chana sheds 0.8% on profit-booking
Sluggish demand in the spot market put pressure on futures
Jeera down on rising arrivals, weak export demand
Speculators offloaded their positions on the back of weak export demand
Mentha oil rises 2.1% on fresh buying
Restricted supplies from Chandausi in Uttar Pradesh influenced the prices
Palm oil down on profit-bookings, global cues
May, June contracts shed 1.1% each, as speculators sell off
Chana sheds 0.8% on profit-booking
Sluggish demand in the spot market also put pressure on chana futures
Mentha oil rises 2% on fresh buying
Restricted supplies from growing areas also influence upward price trend
Potato rises 1.5% on spot demand
Increased buying by traders and speculators on pick up in the spot market demand mainly led to a rise in potato prices
Turmeric sheds 0.6% on subdued demand
Reports of higher output in growing areas also put pressure on prices
Oil hits 2012 low under $107 on euro zone turmoil
Greece woes in the Eurozone region pulls oil down
To curb rupee fall, RBI may target oil next
Average daily dollar demand from PSU refiners pegged at $400-$500 mn
Jeera sheds more than 2% down on rising arrivals
Speculators sell off on weak export demand adds to pressure
Gold, silver see sharp rebound
However, outlook remains uncertain analysts say it's too early to say if trend has reversed