Page 547 - Commodity News
Crude oil futures fall by Rs 30 per barrel on global cues
Marketmen say decline follows Saudi statement that it has no intention of cutting production despite global supply glut
 "Crude oil futures fall by Rs 30 per barrel on global cues")
Chana down by 1% on profit-booking
Speculators booked profits at prevailing higher levels amid a decline in demand in the spot market
 "Chana down by 1% on profit-booking")
Zinc down by 0.3% on overseas cues
Speculators trimmed positions amid a weak trend in base metals overseas and subdued demand at domestic markets
 "Zinc down by 0.3% on overseas cues")
Nickel down by 0.7% on overseas cues
Speculators reduced positions amid weak cues from global markets and subdued demand in domestic spot markets
 "Nickel down by 0.7% on overseas cues")
Copper falls by 0.6% on weak demand
Speculators reduced positions amid a weak trend at domestic spot market on low demand
 "Copper falls by 0.6% on weak demand")
Pulses, oilseeds trade gets relief from stock limits in Maharashtra
However, prices are likely to rise, given the possibility of stock building by large traders
 "Pulses, oilseeds trade gets relief from stock limits in Maharashtra")
 "Brent crude steadies above $65")
 "Bleak iron ore outlook as steel production and demand shrink")
CME, ICE plan exchanges at GIFT City IFSC
Looking to partner exchanges that have shown interest
 "CME, ICE plan exchanges at GIFT City IFSC")
Crude palm oil extends losses on low spot demand
Commodity sheds 0.11% as higher supplies from producing belts kept pressure on crude palm oil prices
 "Crude palm oil extends losses on low spot demand")
Mentha oil down marginally on profit-booking
Adequate stock positions in the physical market on higher supplies from producing belts put pressure on mentha oil prices
 "Mentha oil down marginally on profit-booking")
Cardamom gains 1.12% on rising demand
Speculators enlarge positions on higher overseas shipments and rise in domestic demand
 "Cardamom gains 1.12% on rising demand")
Barley climbs over 2% on crop damage, spot demand
Traders build positions as higher offtake from beer makers supports uptrend
 "Barley climbs over 2% on crop damage, spot demand")
Jeera remains weak on higher supply, sheds 1.5%
Speculators pare positions, as higher supplies from producing belts add to downward pressure on prices
 "Jeera remains weak on higher supply, sheds 1.5%")
Silver futures up by 0.5% on global cues
Speculators enlarged positions amid a firm trend at spot market on rising demand
 "Silver futures up by 0.5% on global cues")
Gold gains by 0.2% on global cues
Speculators created fresh positions amidst positive cues from the global market
 "Gold gains by 0.2% on global cues")
Lead rises by 0.4% on spot demand
Positive global cues also influenced prices
 "Lead rises by 0.4% on spot demand")
Copper prices rise by 0.6% on global cues
Firming trend in base metals influenced prices
Aluminium rises by 0.3% on global cues
Traders created fresh positions, buoyed by firming trend overseas and rising demand
 "Aluminium rises by 0.3% on global cues")
Nickel rise by 0.6% on global cues
Speculators enlarged positions, tracking a firming trend overseas amid rising demand in domestic spot markets