Page 492 - Commodity News

Oil prices slide further in Asia

A global glut of crude supplies showed no signs of abating in the face of sluggish demand

Veg oil import to set new record at 14 MnT this year

Falling vegetable oil prices have proved a bane for Indian seed crushing industry

Commodity picks

US oil prices edge up from six and half year low

Market fundamentals "remain soft" with most observers concluding the market will become even more glutted in the period ahead

Cardamom up 0.3% as demand picks up

The prices surged as participants enlarged positions following rise in demand at domestic market

Chana up 0.5% on tight stocks

Commodity for August contracts gained Rs 21, or 0.46%

Copper down 0.3% as trend weakens

Metal for delivery in far-month November contract was trading down 95 paise, or 0.27%

Copper weakens on subdued demand, weak global cues

Traders said sluggish demand from consuming industries and a weak global trend mainly led to decline in copper prices

Gold extends gains for 7th day on seasonal demand, global cues

Silver extended rally for eighth day, gains another Rs 30 at Rs 36,130 per kg

Silver down by 0.2% on weak overseas cues

Speculators reduced their exposure amid a weak trend in global markets

Gold falls by 0.3% as US rate hike comes into focus

Speculators reduced their bets amid a weak global trend

Mentha oil declines by 0.5% on profit booking

Speculators booked profits at current levels amid subdued demand from consuming industries at the spot market

Sugar rises by 1.8% on spot demand

Speculators widened positions, triggered by upsurge in demand at the spot market

Crude palm oil up by 1.1% on spot demand

Speculators indulged in creating fresh positions at prevailing level amid pickup in demand at the spot market

Lead declines by 0.26% as demand slackens

Speculators offloaded positions prompted by subdued demand in the spot market amid a weak trend

Oil prices head for seventh weekly fall

Investors were closely watching the impact of China's devaluation of the yuan

Consumer demand for gold in India drops 25% in Q2

Jewellery demand down 23%, investment demand hits six-year low

Steelmakers look at price cuts

Falling Yuan hints at increase in Chinese competition for spinning, garment exports

Industry experts say it is too early to estimate the extent of impact by such devaluation

Downstream steel producers protest govt's quality control move

Local manufacturers are selling steel (HR Coil) at Rs 6,000-7,000 a tonne higher than landed cost in the country