Page 548 - Commodity News
Nickel rise by 0.6% on global cues
Speculators enlarged positions, tracking a firming trend overseas amid rising demand in domestic spot markets
 "Nickel rise by 0.6% on global cues")
Zinc rises by 0.3% on overseas cues
Speculators created positions amid positive cues from global market and better domestic demand
 "Zinc rises by 0.3% on overseas cues")
Rubber imports at all-time high of 415,000 tonnes in 2014-15
Lower international price, fall in domestic production drive import surge
 "Rubber imports at all-time high of 415,000 tonnes in 2014-15")
Refined edible oil import at 5-year low as crude import becomes cheaper
Refiners were importing CPO at $10 a tonne less than diodised or RBD
 "Refined edible oil import at 5-year low as crude import becomes cheaper")
 "Sponge iron makers face tough times on weak demand")
Gold recovers on wedding season demand, global cues
Metal adds Rs 190 to Rs 27,190 per 10 grams in National Capital, Silver up Rs 250 to Rs 36,500 per kg
 "Gold recovers on wedding season demand, global cues")
Lead gains by 0.3% on spot demand
The metal's gain in overseas market also influenced prices
 "Lead gains by 0.3% on spot demand")
Crude oil falls by 0.6% on weak Asian cues
Speculators reduced their positions amid a weakening trend in Asian trade
 "Crude oil falls by 0.6% on weak Asian cues")
Chana rises by 0.9% on lower output concerns
Speculators enlarged positions amid concerns over lower output due to unseasonal rainfall in key producing areas
 "Chana rises by 0.9% on lower output concerns")
Nickel up by 0.4% on firm demand
Speculators enlarged positions amid a firm trend at spot market on rising demand
Aluminium up by 0.4% on pick-up in demand
Speculators enlarged positions amid pick-up in demand at spot markets
 "Aluminium up by 0.4% on pick-up in demand")
Mentha oil gains by 1.9% on strong demand
Speculators enlarged positions, tracking a firm trend at spot market on strong demand from consuming industries
 "Mentha oil gains by 1.9% on strong demand")
Silver futures falls by 0.1% on weak global cues
Participants trimmed their positions amid a weakening trend in precious metals overseas
 "Silver futures falls by 0.1% on weak global cues")
Oil prices slip in Asian trade
Rumblings from Saudi Arabia about Yemen have influenced prices in the past few days
 "Oil prices slip in Asian trade")
Gem & jewellery export slightly down, might do better this year
Segment likely to do better this year
 "Gem & jewellery export slightly down, might do better this year")
 "Centre relaxes wheat procurement norms in Punjab & Haryana")
India looks to Russia to increase buffalo meat exports
After market finally prised open and 1st set of shipments last month, team from there to visit soon for approving more units to send consignments
 "India looks to Russia to increase buffalo meat exports")
Low global prices to encourage iron ore import
Incoming quantity likely to be lower than last year's, with increase in domestic production
 "Low global prices to encourage iron ore import")
Brent crude oil rebounds above $63 on Yemen woes
Brent oil for June was up 65 cents at $63.38 a barrel by 1230 GMT. US crude for June was 20 cents up at $56.36 a barrel
 "Brent crude oil rebounds above $63 on Yemen woes")