Page 565 - Commodity News

Mentha oil gains by 0.7% on high demand

Speculators engaged in enlarging positions amid rising demand from consuming industries in the spot market

Cardamom declines by 0.9% on low demand

Speculators reduced positions amid a weak trend at spot market on subdued demand

Crude palm oil extend losses on higher supply

Subdued demand in the spot market and reports of a weakening global trend also put pressure on prices

Copper down by 0.3% on weak global cues

Speculators reduced their positions amidst weak global cues

Lead down by 0.3% on subdued spot demand

Speculators trimmed positions on weakness in base metals overseas and subdued domestic spot demand

Zinc down by 0.2% on global cues

Participants reduced their exposures after the metal weakened at the London Metal Exchange (LME)

Veg oil imports to rise 8% to record levels

Availability from domestic sources to decline this year, with less sowing of seed and crop damage on unseasonal rain and hail

Gold, metals, crude up on Fed move

Analysts say increase likely to be short-lived, as fundamental outlook on these seems bearish

In a world awash with crude oil, storage companies are kings

China central bank says will restrict gold trade according to demand situation

Oil trades below $55 as Kuwait forces focus on global oversupply

Rubber import to cross 400,000 tonnes

Auctioning coal linkages can escalate production costs for sponge iron industry

Can lead to rise in cost of production by 40-50 per cent

Growth in non-OPEC oil output to keep crude prices in check

OPEC expects non-OPEC crude supply to grow 0.85 mn barrels/day to 57.16 million barrels/day

Lead up 1% on spot demand, global cues

Metal for delivery in April gained 0.94%

Nickel up 1.2% on positive global cues

Analysts attributed the rise in nickel futures to a firm trend in the base metals pack at the London Metal Exchange and rising demand from alloy makers at domestic spot markets

Mentha oil up 0.9% on higher industrial demand

Oil for March contracts traded higher by 0.78%

Cardamom up 0.7% on spot demand

Commodity for delivery in May edged up by 0.55%

Aluminium futures up 0.59% on high demand, global cues

The metal for delivery in April also gained 55 paise, or 0.50 per cent, to trade at Rs 111.60 per kg

Silver futures gain Rs 716 on global cues

In the international market, silver traded higher by 0.3 per cent at $16.00 an ounce in Singapore