Page 564 - Commodity News

Zinc softens by 0.8% on global cues

Speculators trimmed positions after most industrial metals weakened at the London Metal Exchange (LME)

Rising imports from China, Russia hurting Indian steelmakers

The steel ministry's joint plant committee reports steel imports by India during the April-February period took a leap of 67.3% to 8.38 mn tonnes (mt) when exports were down 11.2% to 5.40 mt

Spread trading to gain popularity as FMC incentivises trading

Allows exchanges to increase margin benefits to 75% from 50% earlier

Special commodity markets for perishable commodities proposed

These commodity markets will be developed through state APMCs by providing special incentives and subsidies

Pulses output down 8% on lower acreage, crop damage

Prices to go up during lean season, traders seek compensation package

Refined soya oil futures up 0.62% on rising demand

Speculators enlarge positions as tight supplies fuel uptrend

Sugar falls by 0.6% on high supply, low demand

Speculators indulged in reducing their positions amid higher supplies in spot markets

Cardamom gains by 0.3% on spot demand

Speculators indulged in creating fresh positions on the back of improved demand in the spot market

Crude palm oil gains by 1.2% on pick-up in spot demand

Speculators created fresh positions amid pick-up in domestic demand and restricted supplies from producing belts

Oil prices down in Asia

Saudi Arabia said it was pumping more oil, exacerbating a global supply glut

Silver futures decline by 0.8% on global cues

Speculators reduced their positions amidst a weak global trend

Zinc down by 0.2% on subdued demand

Speculators reduced positions amidst sluggish domestic demand and weak global trend

Mentha oil falls by 0.5% on profit-booking

Speculators booked profits at prevailing higher levels amidst sluggish demand from consuming industries in the spot market

Aluminium marginally up on global cues

Speculators enlarged exposures on pick-up in spot demand

Nickel gains by 0.3% on spot demand

Speculators built positions amid a firming trend at domestic spot market

Copper rises by 0.5% on global cues

Speculators created fresh positions in tandem with a firming global trend

Crude oil declines by 1.6% on weak Asian cues

Speculators trimmed positions amidst a weak trend in Asian markets

Govt may continue zero import duty on pulses beyond March 31

The industry had asked us to continue with the duty free status as the production is expected to be lower and consumer demand is increasing, says Consumer Affairs Secretary

Gold rebounds by Rs 185 on festive buying, global cues

The beginning of 'Navratras' festival is considered an auspicious week for making fresh purchases

Chana falls by 0.5% on sluggish spot demand

Also, adequate stocks position in the physical market on higher supplies from major producing belts fuelled the downtrend