Page 637 - Commodity News
MCX volume, market share inching up
Yesterday, MCX market share went up to 90.1% and its turnover stood at Rs 31,129 crore
 "MCX volume, market share inching up")
Oil rises above $86 as investors say market oversold
Brent for December rose $1.52 to a high of $87.34, before slipping back to around $86.25 a barrel
 "Oil rises above $86 as investors say market oversold")
Steel exports up 0.4% in H1, domestic firms worried
India exported 2.69 million tonne steel during the April- September period of 2014-15
 "Steel exports up 0.4% in H1, domestic firms worried")
Cardamom down 0.5% on adequate stocks
Spice for delivery in November 0.07%
 "Cardamom down 0.5% on adequate stocks")
Crude palm oil down 0.3% on low demand
Oil for delivery in October traded lower by 0.13%
 "Crude palm oil down 0.3% on low demand")
Mentha oil rises 0.19% as demand picks up
Speculators create fresh positions on higher offtake from consuming industries
 "Mentha oil rises 0.19% as demand picks up")
Nickel up 0.27% on global cues, spot demand
Metal firms up on LME on hopes of higher global consumption
 "Nickel up 0.27% on global cues, spot demand")
Refined soya oil weakens by 0.28% on profit-booking
Speculators exit on higher arrivals from producing areas and build up of inventories
 "Refined soya oil weakens by 0.28% on profit-booking")
Guargum sheds more than 1% on weak domestic and export demand
Traders offload holdings as increased supplies fuel downtrend
 "Guargum sheds more than 1% on weak domestic and export demand")
Silver futures down 0.2% on low global trend
Speculators trimmed their positions in tandem with a weak global trend
 "Silver futures down 0.2% on low global trend")
Chana softens by 0.31% on weak demand
Speculators reduced positions amid a weak trend in spot markets
 "Chana softens by 0.31% on weak demand")
Oil rebound extends in Asia
The US benchmark fell below $80 for the first time in more than two years
 "Oil rebound extends in Asia")
Commodities spooked by growth worries
Metals slump further on concerns over weak growth and demand
 "Commodities spooked by growth worries")
Jewellery sales double on the occasion of Gurupushya Nakshatra
Retailers market the occasion as once in lifetime opportunity
 "Jewellery sales double on the occasion of Gurupushya Nakshatra")
R K Damani, Shivanand Shankar acquire over 1% stake in MCX
While Damani purchased 1.34% stake in India's largest commodity futures trading platform, Shankar got 1.27% stake in the exchange
Steel makers go slow on iron ore sourcing via e-auctions
Kalyani Steel mulls importing for the first time; JSW Steel to import 10 million tonnes
Oil sinks to four-year low below $83 as economic worries mount
Losses have accelerated in October on signals that the OPEC countries haVE no plan to cut output
Refined soya oil down 0.8% on low demand
Oil for delivery in October traded lower by 0.43%
 "Refined soya oil down 0.8% on low demand")