Page 490 - Commodity News
Bottom not yet formed for base metals
Prices have dropped significantly but further downside is not ruled out; recovery will take longer
 "Bottom not yet formed for base metals")
 "Brent could drop below $40 by early next year")
Skimmed milk prices firm up in international market
As exports beef up in medium term, domestic milk prices to come under pressure
 "Skimmed milk prices firm up in international market")
Gold touches three-month high on global cues
Depreciating rupee helped gold's rise in local currency
 "Gold touches three-month high on global cues")
Onion price hits Rs 5,400/qtl
MMTC invites bids to import 10,000 tonnes, for arrival by Sept, as arrivals decline in wholesale markets, with stockists bringing less in anticipation of further price rise
 "Onion price hits Rs 5,400/qtl")
Gold tops Rs 27,000-mark; surges Rs 480 to hit 2 month high
Silver advanced by Rs 200 to Rs 36,500 per kg on increased demand from industrial units and coin makers
 "Gold tops Rs 27,000-mark; surges Rs 480 to hit 2 month high")
Gold opens 3% up on Friday on global cues
Concerns over Chinese yuan devaluation followed by US Fed's indications on delay in interest rate rise have added momentum to bullion prices.
 "Gold opens 3% up on Friday on global cues")
Silver futures climb 1% on firm global cues
Speculators created fresh positions amid firm trend in precious metals overseas
 "Silver futures climb 1% on firm global cues")
Gold rises by 1.3% on positive global cues
Participants widened their positions, tracking a firming trend overseas coupled with rising demand at domestic spot markets
 "Gold rises by 1.3% on positive global cues")
Crude oil falls by 1.6% on weak Asian trend
Speculative selling amid a weakening trend in Asian trade affected prices
 "Crude oil falls by 1.6% on weak Asian trend")
Oil heads for eighth straight week of falls
Prices continue to be plagued by the supply glut problem
 "Oil heads for eighth straight week of falls")
Cheap imports hurting domestic paper industry
Profit margins under pressure as companies unable to raise prices
 "Cheap imports hurting domestic paper industry")
Base metals hit multi year low on Chinese demand concerns
Yuan devaluation to make metal imports into China dearer
 "Base metals hit multi year low on Chinese demand concerns")
 "Wholesale onion prices hit 2-yr high")
Gold jumps to six-week high on global move, weak rupee
Standard gold shoots up by 1.6% to close at Rs 26,620 per 10 gm
 "Gold jumps to six-week high on global move, weak rupee")
 "Oil rebounds from 6-yr low")
US oil falls to $40 on global glut
This, as supplies rise in North America and the Middle East, filling stockpiles to record levels
Mentha oil gains 0.9% on pickup in demand
Oil for September delivery traded higher by Rs 8.10, or 0.84%
 "Mentha oil gains 0.9% on pickup in demand")
Palm oil down 0.9% on subdued demand
Oil for delivery in September traded lower by Rs 3.80, or 0.96%
 "Palm oil down 0.9% on subdued demand")
Cardamom up 0.2% on rising spot demand
Spice for delivery in September gained Rs 1.10, or 0.13%
 "Cardamom up 0.2% on rising spot demand")