Page 628 - Commodity News
Zinc down 0.5% on subdued demand, weak global cues
Metal for delivery in November traded lower by 70 paise, or 0.50%
 "Zinc down 0.5% on subdued demand, weak global cues")
Crude oil up 0.4% on mixed Asian cues
Oil for delivery in December moved up by 0.29%
 "Crude oil up 0.4% on mixed Asian cues")
Cardamom down 1.6% on low demand, higher arrivals
Spice for delivery in December traded lower by 1.43%
 "Cardamom down 1.6% on low demand, higher arrivals")
Aluminium sheds 0.55% on global cues
Weak trend in base metals at LME after European Commission cut growth forecasts for the euro area
 "Aluminium sheds 0.55% on global cues")
Exporters sale oilmeals in forward contracts to protect price
Oilmeal prices have already declined by a steep 20% since May this year after bumper global soybean crop estimates
Gold futures decline 0.64% on global cues
Traders trim positions as metal loses 0.4% in Singapore
 "Gold futures decline 0.64% on global cues")
Oil prices mixed ahead of US stockpiles report
The US Department of Energy will release its official weekly stockpiles report later today
 "Oil prices mixed ahead of US stockpiles report")
 "'Relaunch of gold deposit scheme can cut imports 250 tonnes'")
Saffron crop damage estimated at Rs 860 cr
Recent flash floods have taken a heavy toll on the crop , damaging as much as 70%
 "Saffron crop damage estimated at Rs 860 cr")
Gold edges up from four-year low as dollar rally pauses
The dollar took a breather versus the yen and the euro on Tuesday after a week of gains drove it to its highest levels since 2010
 "Gold edges up from four-year low as dollar rally pauses")
 "Gold nears four-year low as dollar shines")
Chinese expansion keeps lid on ferrochrome prices
The Chinese ferrochrome industry is dependent on raw material imports
 "Chinese expansion keeps lid on ferrochrome prices")
MP moves to reform soybean selling at mandis
State will introduce sample-based auction
 "MP moves to reform soybean selling at mandis")
NMDC surprised market with price cut
Lump prices reduced by Rs 200 per tonne, steel industry disappointed over its move to retain fines prices
 "NMDC surprised market with price cut")
NCDEX open interest grows 18% in October
The average daily trading volume for the month stood at Rs 3,152.28 cr
 "NCDEX open interest grows 18% in October")
 "Brent crude dips further away from $86 on strong dollar, China data")
Castorseed down 1.2% amid a weak trend
This month's delivery contracts dropped by 1.05%
Crude oil up 0.3% on mixed Asian cues
December delivery contracts moved up by 0.24%
Zinc up 0.1% on spot demand
Market analysts said improved demand from consuming industries in the domestic spot market led to the rise
Mentha oil up 0.5% on spot demand
Oil for delivery in December edged up by 0.38%
 "Mentha oil up 0.5% on spot demand")