Page 624 - Commodity News

ICEX plans to submit exchange revival plan next week

FMC had told ICEX to give it a clear revival plan by November 15 or announce closure

Domestic iron ore prices might drop 30%

Global oversupply and decline in demand from Chinese steel mills is likely to pull down spot prices to around $65 a tonne in next two years

Brent crude falls to 4-yr low as supply seen growing

Futures dropped as much as 1.3 per cent in London

Wheat acreage in MP likely to shrink this rabi season

Presence of moisture in low level areas, prolonged recession in monsoon, high temperature in November month have affected sowing

Operating capacity of stainless steel industry slumps to 50% on Chinese imports

Industry calls for anti-dumping duty to protect local cos

Jeera gains 2% on rising demand

Traders create fresh positions on lower arrivals from growing regions

Coriander climbs 3.45% on strong demand

Traders create huge positions, as limited supplies fuel uptrend

Gold prices decline 0.91 pc in futures trade

Metal dips to over four-year low overseas, as investment demand wanes amid surging dollar

Aluminium falls by 0.4% on global cues

Speculators reduced exposure amid weak global trend

Silver remains down in futures trade, tracking global cues

Participants engaged in trimming positions, largely in tandem with a weakening trend overseas

Mentha oil remains weak on higher supply, low demand

Traders indulged in reducing positions, triggered by higher supplies from producing belts

Cardamom falls by 2.1% on sluggish demand

Speculators reduced positions amid sluggish demand

Lead falls by 0.2% on weak demand

Speculators reduced positions largely in tune with a weak trend and low demand

Crude palm oil extend losses on weak demand

Speculators reduced holdings amidst subdued demand in the spot market

Chana gains by 1.2% on spot demand

Further, expectations of lower output at major producing belts supported the uptrend

Crude oil down by 0.6% on weak Asian cues

Speculators trimmed positions amid a weak trend in Asian trade

Oil extend losses on dim prospects of OPEC output cut

Michael McCarthy, chief market strategist at CMC Markets in Sydney, said the comments added pressure to an already bearish crude market

Chinese steel export surge hurting other producers

China expected to export 85 mt of steel this year, a 40% jump from 2013

Futures market: No stock limits for goods in regulated warehouses

The government has decided to exempt commodities kept in warehouses registered by the Warehousing Development and Regulatory Authority for the futures markets from stock limits

Steel mills want transparent allocation of mining leases in Karnataka

In Karnataka, all iron ore mining concessions allocated so far are either to merchant miners or to individuals