Page 579 - Commodity News
Gold, silver prices decline on low demand, global cues
99.9% pure gold down Rs 85 to Rs 27,200 per 10 grams in NCR, sovereign rules steady; spot silver sheds Rs 200 to Rs 37,200 per kg
 "Gold, silver prices decline on low demand, global cues")
Guargum declines 0.89% on selling pressure
Speculators offload as prices remain under pressure of higher arrivals and lower offtake by industries
 "Guargum declines 0.89% on selling pressure")
Maize slips 1.4% on weak spot sentiments
Traders say fresh arrivals in the market put pressure on futures trading
 "Maize slips 1.4% on weak spot sentiments")
Crude palm oil sheds 0.45% on subdued demand
Higher supplies from major producing areas, weak trend abroad, weigh on prices
 "Crude palm oil sheds 0.45% on subdued demand")
Copper sheds 0.23% on global cues, weak demand
Speculators pare positions as metal loses 0.2% in London and New York
 "Copper sheds 0.23% on global cues, weak demand")
Mentha oil falls by 0.4% on sluggish demand
Adequate supplies from producing regions also affected prices
 "Mentha oil falls by 0.4% on sluggish demand")
Apeda seeks commitment on mango exports to Japan
For this year, Apeda has sought exporters commit to at least 50-70 tonnes
 "Apeda seeks commitment on mango exports to Japan")
Small players to gain less from revised gold import rules
Benefit would depend on the bank guarantee, capacity for which differs; jewellery companies' share prices give up early gains
 "Small players to gain less from revised gold import rules")
Coal block auction: Companies see benefits in long term
Hindalco paying much higher than via e-auction route, BALCO sees slight uptick
 "Coal block auction: Companies see benefits in long term")
Aluminium down 0.3% on subdued demand
Metal for delivery in February also shed 0.18%
 "Aluminium down 0.3% on subdued demand")
Crude oil may fall again in near-term, rebound to $60 by year-end
Oil imports are a third of India's total import bill and weak crude oil prices would improve the current account and fiscal account deficits
 "Crude oil may fall again in near-term, rebound to $60 by year-end")
Lead declines by 0.2% on subdued spot demand
Speculators offloaded positions driven by subdued demand in the spot market
 "Lead declines by 0.2% on subdued spot demand")
Copper falls by 0.3% on profit-booking
Speculators locked-in gains at prevailing levels even as the metal strengthened overseas
 "Copper falls by 0.3% on profit-booking")
Cardamom falls by 1.6% on sluggish demand
Sufficient stocks in physical market also influenced cardamom prices
 "Cardamom falls by 1.6% on sluggish demand")
Silver futures rise by 1.4% on positive overseas cues
Speculators indulged in enlarging their positions amidst a firming global trend
 "Silver futures rise by 1.4% on positive overseas cues")
Nickel rises by 0.3% as demand picks up
Speculators enlarged positions, supported by rising demand from alloy-makers in the spot market
 "Nickel rises by 0.3% as demand picks up")
Crude palm oil slide by 0.6% on profit-booking
Speculators booked profits at prevailing higher levels amid fall in demand in spot market
Crude oil falls on weak Asian cues
Speculators reduced positions amid a weakening trend in Asian trade ahead of US stockpile report
Gold futures surge by 0.9% on global cues
Participants created speculative positions, influencing prices
 "Gold futures surge by 0.9% on global cues")
Financials worsening, say sugar mills
Prices in these states have fallen to the season's lowest of Rs 23 a kg and Rs 26.5 a kg (ex-factory)
 "Financials worsening, say sugar mills")