Page 614 - Commodity News
ICEX given revival plan to regulator
Plans to raise Rs 140 cr to meet its working capital requirement to restart futures trading in commodities
 "ICEX given revival plan to regulator")
Aluminium weakens by 0.7% on low demand
Speculators reduced exposure amid weak demand in the spot market
 "Aluminium weakens by 0.7% on low demand")
Cardamom declines by 0.6% on profit-booking
Speculators booked profits at prevailing higher levels amid sluggish demand in spot markets
 "Cardamom declines by 0.6% on profit-booking")
Zinc decline 0.6% on subdued demand
Subdued demand in the spot markets due to sluggish demand affected prices
 "Zinc decline 0.6% on subdued demand")
Chana down 1% on sluggish demand
Speculators trimmed positions, driven by subdued demand in the spot market
 "Chana down 1% on sluggish demand")
Mentha oil gains by 0.3% as demand picks up
Speculators enlarged positions, driven by pick up in demand in the spot market
 "Mentha oil gains by 0.3% as demand picks up")
Nickel down by 0.7% on overseas cues
Further, low demand at domestic spot markets also weighed on prices
 "Nickel down by 0.7% on overseas cues")
Copper falls by 1.6% on weak global cues
Speculators offloaded their positions after the metal slid to a four-year low in global markets
 "Copper falls by 1.6% on weak global cues")
Silver futures dip 4% on weak global trend
Besides, strengthening dollar also eroded demand for the bullion as a safe-haven
 "Silver futures dip 4% on weak global trend")
Gold tumbles by 1.9% on weak global
Speculators indulged in trimming positions, affecting gold prices
 "Gold tumbles by 1.9% on weak global")
Crude oil plunges by 4.3% on weak Asian cues
Speculators indulged in reducing exposures after it fell to new multi-year lows in Asian trade
 "Crude oil plunges by 4.3% on weak Asian cues")
Gold, silver prices fall after Swiss voters reject referendum
The Swiss govt had proposed to hold a portion of its assets in gold
 "Gold, silver prices fall after Swiss voters reject referendum")
Oil prices hit multi-year lows as OPEC decision weighs
OPEC refused to cut production despite a glut of supplies that has sent prices tumbling by more than a third since June
 "Oil prices hit multi-year lows as OPEC decision weighs")
Sugar factories begin crushing operations
The South Indian Sugar Mills Association has directed all the factories in the state to begin crushing the sugarcane, and the factories have fallen in line
 "Sugar factories begin crushing operations")
Gold prices reverse overnight on withdrawal of 80:20 scheme
Sudden spurt in release by hoarders turns gold sell at a 1-1.5% discount from $12 premium until Friday evening
 "Gold prices reverse overnight on withdrawal of 80:20 scheme")
Karnataka sugar mills agree to start crushing
Earlier this week, state govt had warned them it would take over control if they failed to resume crushing by Sunday
 "Karnataka sugar mills agree to start crushing")
Removal of 80:20 not to change India's gold demand: WGC
Maintains India's gold demand at 850-950 tonnes during calendar year 2014, slightly lower than last year
 "Removal of 80:20 not to change India's gold demand: WGC")
Brent crude oil hits 4-year low, brings respite
Investors say OPEC's decision not to cut output will leave oil markets heavily oversupplied
 "Brent crude oil hits 4-year low, brings respite")
Reserve Bank scraps 80:20 norm for gold imports
Trade cheers at easing, says decision will curb smuggling, cut red tape
 "Reserve Bank scraps 80:20 norm for gold imports")
Metals fall on OPEC's "no output cut" decision
LME copper, spot silver prices plunged by around 1% today
 "Metals fall on OPEC's \"no output cut\" decision")