Page 585 - Commodity News
Zinc loses 0.34% on global cues
Weakness in base metals in London influences prices in futures market
 "Zinc loses 0.34% on global cues")
Lead sheds 0.26% on sluggish demand
Traders pare exposures on lower offtake from battery makers in spot market
 "Lead sheds 0.26% on sluggish demand")
Mentha oil declines 0.10% on subdued demand
speculators offload positions as stocks pile up due to increased supplies
 "Mentha oil declines 0.10% on subdued demand")
Cardamom up by 0.6% on rising demand
Speculators enlarged positions, taking positive cues from spot market on rising demand
 "Cardamom up by 0.6% on rising demand")
Crude palm oil adds 1% on pick-up in demand
Participants create fresh positions restricted supplies from producing belts support uptrend
 "Crude palm oil adds 1% on pick-up in demand")
Copper falls by 0.4% on global cues
Subdued demand in the domestic spot market also put pressure on prices
 "Copper falls by 0.4% on global cues")
Gold futures up by 0.4% on global cues
Speculators created fresh positions amid positive cues from global markets
 "Gold futures up by 0.4% on global cues")
Silver futures up by 0.4% on global cues
Speculators indulged in creating fresh positions amid a firming trend in precious metals overseas
 "Silver futures up by 0.4% on global cues")
Nickel falls by 0.2% on weak global cues
Speculators trimmed positions amid negative cues from overseas markets
 "Nickel falls by 0.2% on weak global cues")
Oil prices extend rise in Asian trade
Dealers cheered signs of a dip in North American crude production, while a robust US jobs report also provided support
 "Oil prices extend rise in Asian trade")
Base metals outlook: Prices likely to improve
Despite the steep fall in copper prices at the start of this year, fundamentally, this market is not in bad shape at all
 "Base metals outlook: Prices likely to improve")
 "Chana prices expected to rise 10% in two months")
Gold regains premium, January import still much lower
Price trend in futures market suggest players discounting 2% gold import duty cut in last budget
 "Gold regains premium, January import still much lower")
Ban on exports hurts potato growers
At the time of sowing, potato prices had increased from Rs 1,500 to Rs 1,600 a quintal, resulting in farmers increasing crop acreage
 "Ban on exports hurts potato growers")
Gold falls sharply after high US job data
Employers in the US added more jobs than forecast in January
 "Gold falls sharply after high US job data")
Guargum rises 1% on buying at low levels
Pick-up in demand, fall in supply from growing regions support uptrend
 "Guargum rises 1% on buying at low levels")
Castorseed sheds 0.57% on selling pressure
Traders exit as higher arrivals from producing belts, lower industrial offtake exert pressure on prices
 "Castorseed sheds 0.57% on selling pressure")
Refined soya oil drops 0.5% on subdued spot demand
Speculators pare holdings as stocks pile up
 "Refined soya oil drops 0.5% on subdued spot demand")
Mentha oil gains by 0.3% on spot demand
Tight stock positions in the physical market following restricted supplies also helped prices