Page 2390 - Commodity News
Commodities, metals sliding for weeks
Slowing demand growth in China, developed world keep near-term outlook bearish
Bullion dealers offer discounts to keep buying spree going
After bumper Akshaya Tritiya sale, prices of precious metals reduced marginally to below import cost
Copper sheds 0.13% on global cues
High domestic inventories, buzz of slower consumption by China put pressure on futures trade
Nickel up marginally on global cues, spot demand
June contract up 0.06% as metal rules firm on London Metal Exchange
Mentha sheds 4%, hits lower circuit
Low demand from user industries sees oil fall for 7th straight session
Lead weakens slightly on global cues, slow demand
April contract sheds 0.14% as metal weakens in London
Zinc sheds 0.2% on profit-booking
Speculators close positions as base metals weaken in London
Cardamom gains 1.5% on fresh spot demand
Spice rise also attributed to lower stocks and restricted arrivals from producing regions
Almond sheds Rs 100 on reduced offtake
Adequate supply in markets also keeps pricse down
Coriander futures shed 1.06% on higher arrivals
Hopes of higher output also drags coriander
Gold demand stays weak, prices near 2-month high
Sales on Akshaya Tritiya, are estimated to have halved to 10 tonnes this year
'Oil will stay firm in the near term'
The FOMC meet is likely to affect financial markets including commodities says Aurobinda Prasad, commodities head at Karvy Comtrade, in an interview with Sharleen D'Souza.
Gold futures gain 0.3% on global cues
Sentiment bolstered in global markets on Federal Reserve statement on boosting economic growth
FMC increasingly using special margin rule
Finds it a useful tool to curb excessive speculation in agri products also curbs turnover on exchanges
$100 is good oil price for all: Saudi finmin
Global benchmark Brent blend was valued on Wednesday at just below $120 a barrel
Copper futures rise on short-covering, spot demand
Domestic copper up despite overseas worries