Page 506 - Commodity News
'Saurashtra Cement needs an aandolan'
Seems someone just woke up to the fact the Saurashtra Cement wasn't a loss-making company after all
As prices fall, bullion dealers restock gold
Dealers expect prices to fall further, owing to an impending rate hike in the US
 "As prices fall, bullion dealers restock gold")
Gold slumps to five year low, silver to six-year bottom
Retail jewellery demand revives, jumps 20-30% in 3-4 days
 "Gold slumps to five year low, silver to six-year bottom")
Soyameal exports decline by 85% in 7 yrs: Assocham
Rich harvest of over 12 million ton soybean is expected
 "Soyameal exports decline by 85% in 7 yrs: Assocham")
Crude palm oil declines by 0.5% on profit-booking
A weak trend in the physical market on falling demand against adequate stock also affected prices
 "Crude palm oil declines by 0.5% on profit-booking")
Cardamom falls by 0.4% on sluggish spot demand
Profit-booking by speculators at existing prices affected prices
 "Cardamom falls by 0.4% on sluggish spot demand")
Gold falls by 0.3% on weak global cues
The strengthening dollar also weighed on gold prices
 "Gold falls by 0.3% on weak global cues")
Copper rises by 0.3% on global cues
Rising physical demand at the domestic spot market supported the upside
 "Copper rises by 0.3% on global cues")
Nickel falls by 0.6% as muted demand hurts
Traders trimmed their bets taking weak cues from global markets
 "Nickel falls by 0.6% as muted demand hurts")
Oil prices edge up, but glut fears cap gains
Ongoing concerns about a global supply glut, while increasing dollar strength will likely weigh on the downside
 "Oil prices edge up, but glut fears cap gains")
Gold eases towards 4-month low as US rate rise looms
Spot gold was down 0.3 per cent at $1,146.00 an ounce at 0930 GMT, while US gold futures for August delivery were down $2.70 an ounce at $1,144.70
 "Gold eases towards 4-month low as US rate rise looms")
Falling steel prices haunt its raw material makers
Sponge iron industry sees massive shutdowns, pellets struggle to sell, Pig iron makers' capacity utilization down
 "Falling steel prices haunt its raw material makers")
States to set their own framework for trading on national APMC
While norms to be standard for all states, taxes and issuances of trading licenses may vary
 "States to set their own framework for trading on national APMC")
Gold, silver fall on global cues, low demand
In Delhi, gold of 99.9 and 99.5 per cent purity plunged by Rs 120 each to Rs 26,130 and Rs 25,980 per 10gm respectively
Chana up 0.6% on spot demand
Commodity for delivery in August increased by Rs 23, or 0.51%
 "Chana up 0.6% on spot demand")
Cardamom down 0.6% on profit-booking
Commodity for delivery in September fell by 0.62%
Silver down 0.3% on weak global trend
A weak global trend overseas following US Fed's indication of a hike in interest rate this year, pulled down silver prices
 "Silver down 0.3% on weak global trend")
Lead down 0.3% on global cues, weak demand
Metal for delivery in August contracts also fell 30 paise, or 0.25%
 "Lead down 0.3% on global cues, weak demand")