Page 575 - Commodity News

Nickel rises by 0.7% as demand picks up

Speculators enlarged positions amid rising demand from alloy makers in the spot market

Zinc up by 0.7% on spot demand

Speculators enlarged positions amid pick-up in industrial demand at domestic spot markets and a firming global trend

Copper rises by 0.4% on global cues

Speculators created fresh positions amid positive cues from global markets

Crude palm oil rises by 1.8% on pick-up in demand

Participants created speculative positions following rising demand in the spot markets amid firming trend overseas

Mentha oil rises by 1.2% on high demand

Traders enlarged positions amid pick-up in demand from consuming industries

Silver futures rise by 1.1% on global cues

Fresh positions built up by speculators, buoyed by a firm global trend pushed prices

Oil prices stabilise in Asian trade

Dealers predicted the end of volatile trading and the beaten-down commodity bottoming out

MP soybean supplies decline to half in a month

The state is one of the biggest soybean producers of the country

Domestic steel producers welcome import duty increase

Jaitley raised import duty of long as well as flat steel products from five per cent and 7.5%, respectively, to 10%

Gold monetisation may curb imports

Sovereign gold bonds and India-made gold coins with Ashok Chakra embossed on those also announced

Little on offer for steel industry: Dilip Oommen

For the steel industry, the Budget has little to offer directly, barring a provision to raise the import duty on steel and a reduction in import duty to two per cent on scrap

Brent rises above $61, set for biggest monthly gain since 2009

Brent is being helped by positive euro zone and Chinese data, apart from supply disruptions in Libya

Sugar mills speed up crushing to advance closure by a month

To reduce operating losses, mills plan to start closure for the season by March 15, arrears mount

Planters seek hike in import duty on rubber to 30%

Cheap imports in recent years have resulted in a massive fall in the prices of rubber in the domestic market

Mentha oil rises by 0.4% on pick-up in demand

Speculators created fresh positions amid pick-up in domestic demand

Cardamom climbs by 2% on rising spot demand

Speculators indulged in creating positions amid positive cues from spot market on pick-up in demand

Nickel drops by 0.2% on profit-booking

Participants locked in gains amid a weak trend overseas

Zinc down by 0.3% on overseas trend

Speculators trimmed positions amid a weak trend in base metals overseas and subdued demand at domestic markets

Lead falls by 0.2% on profit-booking

A weak trend in base metals overseas weighed on lead prices at futures trade

Copper falls by 0.4% on profit-booking

Analysts attributed the fall in copper futures to profit-booking by speculators and a weak global trend