Page 509 - Commodity News
Zinc up by 0.6% on overseas cues
Participants enlarged positions amid a firming trend overseas and better domestic demand
 "Zinc up by 0.6% on overseas cues")
Copper up by 0.3% on Asian cues
Pickup in demand at domestic spot market also influenced prices
 "Copper up by 0.3% on Asian cues")
Nickel rises by 1.1% on spot demand
Analysts said besides rising spot demand, a firming trend at the London Metal Exchange (LME), also boosted prices
 "Nickel rises by 1.1% on spot demand")
Lead up by 0.3% on spot demand
A firming trend overseas also influenced prices
 "Lead up by 0.3% on spot demand")
Mentha oil up by 0.5% on tight supply
Besides, pickup in demand from consuming industries also supported the upside
 "Mentha oil up by 0.5% on tight supply")
Global agri prices at 6-yr low in June
Dairy, sugar prices fall sharply, despite El Niño fears; cereal output better than earlier expectations this year: FAO
 "Global agri prices at 6-yr low in June")
UCX promoters, MD issued 'fit and proper' notice by FMC
The exchange has been defunct for a year
 "UCX promoters, MD issued 'fit and proper' notice by FMC")
Edelweiss Commodities' ambitious plans
To expand value chain in bullion and agri products verticals
 "Edelweiss Commodities' ambitious plans")
Indian synthetic yarn industry reels under Chinese gloom
Export potential to China drops sharply due to dwindling economy and the recent market crash
 "Indian synthetic yarn industry reels under Chinese gloom")
Global agri-commodities' price plunges to six-year low in June
Dairy and sugar prices fall sharply, despite El Niño fears, cereal output forecast to remain above expectations this year
 "Global agri-commodities' price plunges to six-year low in June")
Mentha oil up 1% on spot demand
Oil for delivery in July contracts traded higher by 1.03%
Palm oil up 0.6% as demand picks up
Oil for delivery in July contracts edged up by Rs 2, or 0.46%
 "Palm oil up 0.6% as demand picks up")
Chana down 0.2% on profit-booking
Commodity for delivery in August contracts shed 0.11%
 "Chana down 0.2% on profit-booking")
Cardamom up 0.2% on spot demand
Spice for delivery in August contracts traded higher by 0.09%
 "Cardamom up 0.2% on spot demand")
Refined soya oil up 0.8% on spot demand
Oil for delivery in August contracts gained 0.63%
 "Refined soya oil up 0.8% on spot demand")
Copper up by 0.9% on positive global cues
Analysts attributed the rise in copper in futures trade to a firming trend on the LME and pick-up in spot demand
Nickel rises by 1.7% on firm demand
Speculators enlarged their positions, tracking a firming trend in spot market on increased demand from alloy-makers
Gold futures falls by 0.5% on global cues
Speculators indulged in trimming positions tracking a weak global trend
 "Gold futures falls by 0.5% on global cues")
Silver futures down by 0.7% on weak global cues
Participants off-loaded their positions largely in tune with a weakening trend overseas
 "Silver futures down by 0.7% on weak global cues")
Oil prices rise in Asia but China, Greece cap gains
Robust commercial crude inventories in the United States added to the pressure in the face of a supply glut
 "Oil prices rise in Asia but China, Greece cap gains")