Page 455 - Commodity News
Zinc falls by 1.6% on global cues
Speculators reduced positions, tracking a weak global trend
 "Zinc falls by 1.6% on global cues")
Crude oil rises after OPEC says market to be balanced in 2016
Further evidence of stockpiling, expectations of a hike in US rates and anaemic economic growth figures have helped push down prices in the last week
 "Crude oil rises after OPEC says market to be balanced in 2016")
Copper falls by 0.6% as trend weakens
Furthermore, subdued demand at domestic spot market pushed down metal prices
 "Copper falls by 0.6% as trend weakens")
Nickel falls by 0.8% as global cues
Subdued demand at the domestic spot market also affected prices
 "Nickel falls by 0.8% as global cues")
Crude oil rises after OPEC says market to be balanced in 2016
The US energy department said domestic production is likely to fall for an eight consecutive month
 "Crude oil rises after OPEC says market to be balanced in 2016")
Gas price pooling leads to breakthrough in urea production
India's urea production, which has been stagnating at 22 mt, is to rise to 24 mt in 2015-16
 "Gas price pooling leads to breakthrough in urea production")
Chana futures down on high margins
Weak trading sentiment keeps spot market afloat
 "Chana futures down on high margins")
Jewellery sales up 15-20% this Dhanterus
Gold price fall spurs sales, consumers prefer intrinsic designs and light weight jewellery
 "Jewellery sales up 15-20% this Dhanterus")
Samvat 2071 ending with a loss for gold investors
This is the first time in almost 20 years that gold has fallen for two consecutive years
 "Samvat 2071 ending with a loss for gold investors")
Uptick in demand lifts mentha oil 0.6% in futures trade
Oil for November delivery traded higher by Rs 5.40, or 0.56%
 "Uptick in demand lifts mentha oil 0.6% in futures trade")
Coriander down 2% on higher supply
Price for Dec delivery declined by Rs 184, or 1.84% to Rs 9,811 per quintal
 "Coriander down 2% on higher supply")
Palm oil up 1.3% on spot demand
Oil for delivery in December moved up by Rs 4.60, or 1.13%
 "Palm oil up 1.3% on spot demand")
Zinc up 0.5% on global cues
Metal for delivery in December in restricted activity gained 60 paise, or 0.54%
Cardamom up by 3.9% on rising demand
Tight supplies from producing belts also affected prices
 "Cardamom up by 3.9% on rising demand")
Nickel up 0.6% on positive global cues, spot demand
Metal for delivery in December rose by Rs 3.60 to trade at Rs 651.90 per kg in 132 lots
 "Nickel up 0.6% on positive global cues, spot demand")
Castorseed futures Rs 50 up
Delivery for Nov contract gained by Rs 45, or 1.05% to Rs 4,347 per quintal
 "Castorseed futures Rs 50 up")
Crude oil up 1% on Asian cues
Speculators created fresh bets, taking positive cues from Asian markets
Gold futures gain by 0.7% on global cues
Speculators created positions amid positive cues from the global market
Silver futures up by 0.6% on global cues
Speculators built up positions amid a higher global trend
 "Silver futures up by 0.6% on global cues")
Uptick in demand lifts turmeric by 1.44%
Traders strengthened positions as tight supplies from producing belts support uptrend
 "Uptick in demand lifts turmeric by 1.44%")