Page 586 - Commodity News
Silver futures rise by 0.6% on overseas cues
Speculators indulged in enlarging positions on the back of firming global trend
 "Silver futures rise by 0.6% on overseas cues")
Gold futures rise 0.5% on global cues
Speculators indulged in enlarging their positions amidst a firming global trend
 "Gold futures rise 0.5% on global cues")
Lead rises by 0.6% on pick-up in demand
Speculators indulged in creating fresh positions amid pick-up in demand in the spot market
 "Lead rises by 0.6% on pick-up in demand")
Nickel falls by 0.5% on sluggish demand
Speculators reduced positions amid a weak trend at spot market
 "Nickel falls by 0.5% on sluggish demand")
Copper up by 0.1% on overseas trend
Speculators created fresh positions, taking positive cues from global markets
 "Copper up by 0.1% on overseas trend")
Oil extends gains in Asian trade
Volatile trading continued unabated with dealers divided on whether the beaten-down commodity has bottomed out
 "Oil extends gains in Asian trade")
 "Global food prices down on record high output, inventory")
Steel recyclers seek import duty rollback
Steel ministry will recommend removal of 5% duty, says Steel minister, but this would affect primary producers
 "Steel recyclers seek import duty rollback")
 "Oil below $50 in most volatile trade since 2009 as supply gains")
Karnataka to spend Rs 2,000 cr to repair environment damage in mining areas
Supreme Court had ordered setting up a company to undertake environment restoration work in mine ravaged districts in the state
 "Karnataka to spend Rs 2,000 cr to repair environment damage in mining areas")
Crude oil falls by 2.2% on weak Asian cues
The weakening of trading sentiment in futures market is in line with a subdued Asian trend affected prices
Chana sheds 1% on low spot demand
Traders offload positions as stocks pile up on lower offtake in spot market
 "Chana sheds 1% on low spot demand")
Sugar sheds 0.50% on ample supply
Lower demand from bulk consumers adds to downward pressure
 "Sugar sheds 0.50% on ample supply")
Gold futures rule steady on firm global cues, up 0.58%
Metal adds 0.4% in Singapore as policy makers tighten terms of Greek bailout and central banks across globe act to counter slower growth, boosting demand for a safe haven
 "Gold futures rule steady on firm global cues, up 0.58%")
Lead declines by 0.4% on global cues
Speculators offloaded positions driven by subdued demand in the spot market amid weak trend in base metals
Copper falls by 0.5% on global cues
Speculators offloaded positions in tandem with a weak global trend
Silver futures rise 0.3% on overseas cues
Enlarging of positions by speculators amid positive cues from global markets mainly kept silver prices higher
Oil prices rebound in Asian trade but gains capped
The euro was hit by fresh concerns over Greece, further hurting demand in the face of an oversupply
 "Oil prices rebound in Asian trade but gains capped")
Guar gum prices nosedive to four-year-low
Prices of cheap ingredient for shale hit four-year low
 "Guar gum prices nosedive to four-year-low")