Page 392 - Commodity News
With strike over, jewellers rush to register with excise dept
There were hardly any registrations with excise department as jewellers were on strike after govt introduced 1% levy on Feb 29
 "With strike over, jewellers rush to register with excise dept")
Global demand to fall 0.8% this year: World Steel Association
The finding is part of the association's Short Range Outlook that was released today
 "Global demand to fall 0.8% this year: World Steel Association")
India's steel demand to grow by 5.4% to 83.8 MT in 2016: WSA
In 2017, the world steel demand is expected to return to growth of 0.4 per cent to reach 1,494 MT, it added.
 "India's steel demand to grow by 5.4% to 83.8 MT in 2016: WSA")
Gold imports drop 16% in FY16
The world's second biggest consumer imports in March slumped to 18 tonnes from 125 tonnes in the previous year
 "Gold imports drop 16% in FY16")
Sponge iron price jumps 10% in one month
Price trend indicates a revival in demand from steel mills after the government took steps to protect domestic firms
Workers' nightmare ends, struggle starts
Jewellers' 43-day shutdown forced many artisans to sell vegetables, do menial jobs
 "Workers' nightmare ends, struggle starts")
Jewellers call off strike
Excise duty expected to spark structural changes and consolidation in industry
 "Jewellers call off strike")
 "Drought could hit rice stocks, fuel price crisis, analyst says")
Govt initiates anti-dumping probe into imports of hot-rolled coils, plates
Authority finds sufficient evidence of dumping by China, Japan, Korea, Brazil, Indonesia, Russia that has caused significant injury to the domestic steel industry
 "Govt initiates anti-dumping probe into imports of hot-rolled coils, plates")
North-based jewellers await directive from GJF to open shops
Some jewellers are also waiting for Arun Jaitley to announce liberalisation in policy committed to jewellers for 'no raids and no seizure of stocks'
Nickel up by 0.7% on global cues
Speculators raised their bets amid a firming trend overseas and spot demand
 "Nickel up by 0.7% on global cues")
Silver futuresdown by 0.4% on global cues
Traders cut down their bets at prevailing levels amid a weak global trend
 "Silver futuresdown by 0.4% on global cues")
Aluminium gain by 0.4% on spot demand
Participants enlarged positions, supported by a strong spot demand in the physical market
 "Aluminium gain by 0.4% on spot demand")
Chana falls by 1.3% on low demand
Sufficient stocks on higher supplies in the spot market also affected prices
 "Chana falls by 1.3% on low demand")
Gold futures decline by 0.1% on profit-booking
Participants indulged in profit-booking at prevailing levels amid a weak trend overseas
 "Gold futures decline by 0.1% on profit-booking")
Crude oil up by 0.5% at Rs 13 per barrel
Speculators widened their bets even as prices dipped in the global market
 "Crude oil up by 0.5% at Rs 13 per barrel")
Crude holds above $40 in Asia ahead of producers' summit
Analysts said prices were expected to see-saw ahead of Sunday's meeting in the Qatari capital Doha
 "Crude holds above $40 in Asia ahead of producers' summit")
Apple import might fall this year
Import till January of current fiscal is already down by 15%
 "Apple import might fall this year")
Is ethanol making environment-friendly?
Chemicals offer the highest value addition to molasses and states earn substantial revenue when liquor is made from the cane by-product
 "Is ethanol making environment-friendly?")
ICEX plans re-launch in June
Rights issue fully subscribed, valuing it at Rs 250 cr
 "ICEX plans re-launch in June")