Page 578 - Commodity News
Zinc rises by 0.2% on global cues
Participants enlarged positions amid a firm global trend and better domestic demand
 "Zinc rises by 0.2% on global cues")
Oil up in Asia but US crude stays below $50
An oversupplied market kept prices under pressure
 "Oil up in Asia but US crude stays below $50")
Is 300 mt steel capacity by 2025 an achievable target?
Local steel demand is hardly growing and steel-product prices are leaving little margin for producers
 "Is 300 mt steel capacity by 2025 an achievable target?")
Oil prices dip on US oversupply drag
Brent crude was trading 28 cents lower at $59.94
 "Oil prices dip on US oversupply drag")
Gold down 0.3% on global cues
Metal for delivery in April traded lower by 0.28%
 "Gold down 0.3% on global cues")
Mumbai sees surge in veg prices on supply issues
Lower arrivals due to shortage of water for irrigation, spurt in temperature sparking fears of damage to crops in transit blamed
 "Mumbai sees surge in veg prices on supply issues")
Refined soya oil down 0.7% on low demand
Adequate stocks position in the physical market on higher supplies from producing belts also put pressure on refined soya oil prices
 "Refined soya oil down 0.7% on low demand")
Sugar down 0.5% on ample stocks
Commodity for delivery in March contracts traded lower by 0.30%
 "Sugar down 0.5% on ample stocks")
Silver down 0.17% on profit-booking, global cues
Metal for delivery in May traded lower by 0.16%
 "Silver down 0.17% on profit-booking, global cues")
Mentha oil up 0.7% on spot demand
Oil for delivery in February contracts gained 0.65%
 "Mentha oil up 0.7% on spot demand")
Cardamom up 0.3% on spot demand
Spice for delivery in March edged up by 0.11%
 "Cardamom up 0.3% on spot demand")
Aluminium up 0.5% on global cues, spot demand
Metal for delivery in March traded marginally higher by 0.40%
 "Aluminium up 0.5% on global cues, spot demand")
Palm oil down 1% on low demand
Oil for delivery in February traded lower by Rs 5.80, or 1.26%
 "Palm oil down 1% on low demand")
Lead rises by 0.5% on global cues
Better demand from battery makers in spot market also influenced prices
 "Lead rises by 0.5% on global cues")
Nickel gains by 0.4% on global cues
Rising demand at domestic spot markets from alloy makers, also supported the upside
 "Nickel gains by 0.4% on global cues")
Copper rises by 0.4% on global cues
Increased demand from consuming industries also influenced prices
 "Copper rises by 0.4% on global cues")
 "Pulses production to decline 7% this year; prices to go up")
Base metals to remain up on return of Chinese traders
Lunar New Year holiday ends on Feb 24, global economic recovery and narrowing down surpluses to favour
 "Base metals to remain up on return of Chinese traders")
Gold to remain under pressure in short term
Might see a price of $1,175 an oz
 "Gold to remain under pressure in short term")
