Page 593 - Commodity News

Coriander up 4% on spot demand

Tight stocks position in the physical market on fall in supplies from producing belts supported the upside

Copper sheds 0.46% on global cues, subdued demand

Base metals weaken abroad as investors await a decision from the European Central Bank on economic stimulus

Lead sheds 0.3% on global trend, subdued demand

Traders trim positions on lower offtake from battery makers, weakness in base metals abroad

Aluminium down 0.13% on weak overseas trend

Traders trim positions as base metals decline in London and domestic demand weakens

Nickel gains 0.47% on global cues; spot demand

Speculators enlarge positions on higher offtake from alloy makers

Cardamom adds 0.64% on rising demand

Traders enlarge position as tight stock position supports uptrend

Oil inches above $48, outlook remains weak

DBS Bank takes contra call on crude

Expects 'V' shape recovery taking oil back to $100 level

Gold above $1,300 on expected ECB stimulus

Internationally, outcome of the Greece elections is also awaited

S&P cuts iron ore, copper price forecasts; reviews related companies

The agency revises its iron ore price forecast to $65 per tonne for 2015 and 2016, from $85 per tonne

Jewellery sector faces working capital squeeze

Banks not offering new loans and gold deposit schemes still largely on back burner

Copper prices may rise to $10,000 a tonne by year-end: Expert

According to global copper analyst and economist Simon Hunt, the prices of the metal will stabilise in Q2 of 2015

Domestic crude oil production falls 1.4% in December

State-owned Oil and Natural Gas Corp (ONGC) reported a 0.7% rise in output at 1.9 million tons on the back of 5% surge in offshore production

Gold hits 5-mth high of Rs 28,500; Silver regains Rs 40,000 mark

Traders say wedding season buying by jewellers, firm trend abroad buoyed sentiment

Silver futures reclaim Rs 40,000 per kg on global cues

Traders created speculative positions, largely driven by a firming trend overseas

Gold futures up by 0.3% on global cues

Participants engaged in enlarging positions largely in tune with a firming trend overseas

Chana falls by 0.9% on profit booking

Speculators booked profits at prevailing higher levels

Mentha oil rises by 0.7% as demand picks up

Speculators indulged in creating fresh positions, driven by pick-up in demand in the spot market

Zinc down by 0.3% on global trend

Participants reduced positions even as metal strengthened at the London Metal Exchange (LME)

Lead falls by 0.6% on global trend

Slackened demand from battery-makers in the domestic spot market also affected prices