Page 488 - Commodity News
Nickel down by 0.2% on weak global cues
Easing demand from alloy-makers at the domestic spot market also affected prices
 "Nickel down by 0.2% on weak global cues")
Cardamom up by 0.5% on rising demand
Tight stocks position on restricted supplies from producing region also supported the upside
 "Cardamom up by 0.5% on rising demand")
Crude palm oil down by 0.7% on low demand
Participants trimmed positions, taking negative cues from spot market on sluggish demand
Copper falls by 0.3% on weak global cues
Muted demand at domestic spot markets also put pressure on prices
 "Copper falls by 0.3% on weak global cues")
 "Crude price decline hurts shale prospects")
Metals fall on weak Chinese demand
Metals decline on weak global demand, fears of steeper-than-expected Chinese economic slowdown weighs on commodities
 "Metals fall on weak Chinese demand")
 "Gold falls as China rate cut boosts stocks, $")
 "Oil rebounds but still near 6-1/2-year lows")
 "Onion crisis: Centre may hold talks with states on Thursday")
India to auction 20 major iron ore mines to revive industry: Govt Official
India produced 136 million tonnes of iron ore in the last financial year
 "India to auction 20 major iron ore mines to revive industry: Govt Official")
Commodities fall sharply in three months following global trend
Reverse trend is seen especially when either individual currency or commodity price is highly volatile
 "Commodities fall sharply in three months following global trend")
Onion prices fall below Rs 50/kg at Lasalgaon on export curbs
However, retail onion prices across the country continue to rule as high as Rs 80 per kg
Silver falls by 0.3% on weak global cues
Participants reduced exposure taking cues from overseas markets
 "Silver falls by 0.3% on weak global cues")
Gold futures drop 0.7% on weak global cues
Speculators trimmed their positions amid a weakening global trend
 "Gold futures drop 0.7% on weak global cues")
Gold holds below seven-week high as dollar, equities recover
Gold was among the least bruised by Monday's selloff, dropping half a percent versus a 6% slide in Brent crude and a 2% decline in copper
 "Gold holds below seven-week high as dollar, equities recover")
Muted rupee gains for jewellery exporters
The value of exported goods will swell the cash book of these exporters with the same amount of receivables
 "Muted rupee gains for jewellery exporters")
Equity sell-off: Gold might see fresh investment
Price to move up albeit temporarily as US Fed interest rate hike continues to remain uncertain
 "Equity sell-off: Gold might see fresh investment")
 "Yuan fall sharpens export edge of Chinese steel to global concern")
Overseas textile importers seek a pie in higher realisation for Indian exporters
Renegotiate contract terms and price, defer new orders for 2-4 weeks understandably till rupee stabilises
 "Overseas textile importers seek a pie in higher realisation for Indian exporters")
Gold below multi-week highs; PGMs tumble on equities rout
Spot gold was down 0.2% at $1,158.51 an ounce