Page 552 - Commodity News
NMDC cuts iron ore prices by Rs 200-500 per tonne
Reduction is Rs 200 a tonne for lumps and Rs 500 a tonne for fines
 "NMDC cuts iron ore prices by Rs 200-500 per tonne")
Copper to remain subdued on rising production, falling demand
LME inventories on the rise since last fall of almost 200,000 tonnes last year
 "Copper to remain subdued on rising production, falling demand")
Gold, silver turn weak on sluggish demand, global cues
Gold sheds Rs 90 to Rs 26,990 per 10 gm in NCR, Silver loses Rs 100 to Rs 36,900 a kg due on lower offtake by industrial units and coin makers
 "Gold, silver turn weak on sluggish demand, global cues")
Cardamom down 0.74% on sluggish demand
Sufficient stocks in the physical market add to downward presssure on prices
 "Cardamom down 0.74% on sluggish demand")
Copper sheds 0.19% low demand
Speculators trim positions on lower offtake from consuming industries; gains on LME cap losses
 "Copper sheds 0.19% low demand")
Crude oil futures fall on weak Asian cues, profit-booking
Prices retreat in Asia on profit-taking following a six-day rally, rise in OPEC's March output adds to downward pressure
 "Crude oil futures fall on weak Asian cues, profit-booking")
Silver falls by 0.1% as speculators trim positions
Speculators reduced positions amid weakness in global markets
 "Silver falls by 0.1% as speculators trim positions")
Zinc up 0.11% on overseas trend, spot demand
Metal's gain at the London Metal Exchange supports upside in futures prices
 "Zinc up 0.11% on overseas trend, spot demand")
Goa miners say re-starting mining operations unviable
Firms say excavation makes no sense till price of iron ore rises by at least $20 a tonne and demand revives
 "Goa miners say re-starting mining operations unviable")
No relief to mining companies on royalty payment under new law
The companies were lobbying for some relief on royalty payment, stating the rates were far higher than in other countries
 "No relief to mining companies on royalty payment under new law")
Cement prices slip below Rs 300 per 50 kg bag
Barring south, all markets see decline; west sees steepest fall
 "Cement prices slip below Rs 300 per 50 kg bag")
NMDC will raise FY16 output by 31% to 46 million tonne
Company's steel plant to be ready by December 2016
Gold, silver recover on global cues, wedding season demand
Gold adds Rs 210 at Rs 27,080 per 10 grams in National Capital, Silver up Rs 200 at Rs 37,000 per kg
NCDEX ties up with DD Kisan to provide agri-price information
Apart from data for price tickers, NCDEX will also provide news stories, analysis and features to showcase economic turnaround in rural India
 "NCDEX ties up with DD Kisan to provide agri-price information")
Lead futures gain 0.08% on spot demand, global cues
Speculators enlarged positions amid demand in the domestic spot market and a firming global trend
 "Lead futures gain 0.08% on spot demand, global cues")
Cardamom falls by 0.4% on profit booking
Participants booked profits at prevailing levels amid adequate stocks in the physical market, on account of higher supplies
Mentha oil climbs by 4% on export demand
Speculators engaged in enlarging positions amidst export demand in spot market
 "Mentha oil climbs by 4% on export demand")
Crude oil rises by 0.6% on overseas cues
Speculators created fresh positions, tracking overnight gains in the global market
 "Crude oil rises by 0.6% on overseas cues")
Zinc up by 0.2% on overseas cues
Speculators created positions amid a firming trend in base metals overseas and better domestic demand