Page 568 - Commodity News
Aluminium falls by 0.1% on overseas cues
Speculators reduced their positions amid a weak trend in base metals at the London Metal Exchange
 "Aluminium falls by 0.1% on overseas cues")
Crude palm oil falls by 1.3% on profit-booking
Speculators booked profits at prevailing levels amid subdued spot demand
 "Crude palm oil falls by 1.3% on profit-booking")
Copper falls by 0.1% on weak overseas cues
Profit-booking by speculators also affected prices
 "Copper falls by 0.1% on weak overseas cues")
Nickel falls by 0.4% on profit-booking
Speculators locked in gains amid a weak trend in overseas markets
 "Nickel falls by 0.4% on profit-booking")
Mentha oil rises by 1.2% on higher domestic demand
Analysts said speculators created fresh positions on higher domestic as well as exports demand in spot market
 "Mentha oil rises by 1.2% on higher domestic demand")
Crude oil falls by 2.1% on weak Asian cues
Speculators trimmed positions amidst a weak trend in Asian markets
 "Crude oil falls by 2.1% on weak Asian cues")
West Bengal govt takes steps to clear farmers' potato stock
The govt has already taken a few measures to clear farmers' stock and monitor the same
 "West Bengal govt takes steps to clear farmers' potato stock")
Demand rises, so does the plight of mustard farmers
Demand for mustard oil is growing at almost 20 per cent a year, but seed prices rarely keep apace
 "Demand rises, so does the plight of mustard farmers")
West Bengal plans freight subsidy for potato export
The state has announced an MSP price for direct procurement
Gold bounces back after hitting key support level of $1,145/oz
It is expected to remain subdued until first interest rate hike, which is expected by mid-2015
 "Gold bounces back after hitting key support level of $1,145/oz")
Lead rises by 0.3% on spot demand
Firm global trend in base metals also helped lead prices
 "Lead rises by 0.3% on spot demand")
Crude palm oil gains by 0.6% as demand picks up
Speculators created fresh position amid pick up in domestic demand
Cardamom rises by 0.3% on spot demand
Speculators enlarged positions amid improved demand in spot market
 "Cardamom rises by 0.3% on spot demand")
Zinc up by 0.4% on spot demand
Speculators enlarged positions on the back of rising demand in domestic spot markets
 "Zinc up by 0.4% on spot demand")
Aluminium rises by 0.5% on global cues
Participants strengthened their positions, supported by an upward trend overseas
Mentha oil gains by 0.5% on tight supply
Speculators built up positions, triggered by tight supplies from producing belts against increased demand
Silver futures gain by 0.5% on overseas trends
Speculators created fresh positions on the back of recovery in precious metals overseas
 "Silver futures gain by 0.5% on overseas trends")
Gold firms above $1,150 on softer dollar; eyes weekly drop
Chances of US interest rates rising soon weigh in on prices
Oil down as supply woes offset dollar
Brent was down 45 cents, or about 1%, at $57.09, after falling more than $1 earlier
 "Oil down as supply woes offset dollar")
Oil down as supply offsets dollar, Brent-U.S. spread near week high
Global oil prices fell Thursday on estimates showing another big supply build at the delivery point for the US crude contract, with trade volatile in Brent
 "Oil down as supply offsets dollar, Brent-U.S. spread near week high")