Page 404 - Commodity News
Commodities looking for equilibrium
After a rally, producers' hedging and profit taking could lead to correction, say observers
 "Commodities looking for equilibrium")
Gold down by 0.5% in futures trade as weak global cues hurt
Participants cut down their holdings, largely in line with a weak trend overseas
 "Gold down by 0.5% in futures trade as weak global cues hurt")
Silver futures down by 0.8% on weak global cues
Speculators cut down their bets amid a weakening trend overseas
 "Silver futures down by 0.8% on weak global cues")
Chana prices fall by 0.4% on muted demand
Participants lightened their positions, driven by easing demand against adequate stocks position
 "Chana prices fall by 0.4% on muted demand")
Sugar down by 0.1% on ample stocks
Participants lightened their positions, triggered by adequate stocks at the spot market on higher supplies from mills
 "Sugar down by 0.1% on ample stocks")
Cardamom prices fall by 3.5% on profit-booking
Besides, adequate stocks position on higher supplies from producing regions weighed on prices
 "Cardamom prices fall by 3.5% on profit-booking")
Mentha oil up by 0.4% on rising demand
Besides, tight stocks position on restricted supplies from producing regions supported the upside
 "Mentha oil up by 0.4% on rising demand")
Crude prices subdued in Asia on weak Chinese trade data
Chinese exports saw their heaviest fall in nearly seven years, stoking further worries about the world economy and a supply glut
 "Crude prices subdued in Asia on weak Chinese trade data")
Oil falls 3%; rally snaps on supply worry, Goldman caution
Brent was down 2.9% at $39.65, while US crude closed down 3.7% at $36.50
 "Oil falls 3%; rally snaps on supply worry, Goldman caution")
 "Low production likely to shrink pepper exports")
Global cues may push up sugar prices
Domestic price up 4% in wholesale markets; Maharashtra govt may offer export sops
 "Global cues may push up sugar prices")
 "Crude oil may drop to $25/bbl: Moody's")
Differences emerge among striking jewellers
The Budget's announcement of 1% excise duty on jewellery has been the divisive factor
 "Differences emerge among striking jewellers")
Oil edges lower after Kuwait dents hopes for output freeze
Kuwait's oil minister said their participation would require all major oil producers, including Iran, to be on board
 "Oil edges lower after Kuwait dents hopes for output freeze")
 "Recent rains good for wheat crop: Govt")
Commodity rally is set to fizzle out
Goldman Sach forecasts copper and aluminium prices will slide as much as 20% over the next year
 "Commodity rally is set to fizzle out")
Local iron ore mines prices may go up
The booking price of e-auctioned ore is on the rise with improvement in demand from steel companies
 "Local iron ore mines prices may go up")
Brent hits three-month high on hopes for producer price support
Kuwait's oil minister said on Tuesday that his country's participation in an output freeze would require all major oil producers, including Iran, to be on board
Gold glitters again, soars to 22-month high on heavy buying
Silver also shot up to reclaim the key Rs 38,000 mark in the face of frantic speculative offtake
Steel imports have come down by 1/4th against FY15: Steel Ministry
Global downturn led to countries including China dumping cheap steel in India, which has impacted the sales and profits of the companies
 "Steel imports have come down by 1/4th against FY15: Steel Ministry")