Page 638 - Commodity News
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
 "Steel makers go slow on iron ore sourcing via e-auctions")
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
 "Oil sinks to four-year low below $83 as economic worries mount")
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")
Mentha oil down 1.6% on profit-booking
Oil for delivery in November lost 1.47%
 "Mentha oil down 1.6% on profit-booking")
Zinc down by 2.6% on weak global trends
Speculators trimmed their positions, triggered by a weak trend in global markets
 "Zinc down by 2.6% on weak global trends")
Aluminium down by 0.9% on global cues
Speculators offloaded their positions amid weak cues from global markets
 "Aluminium down by 0.9% on global cues")
Cardamom down 1.2% on adequate stocks
Speculators offloaded positions amid adequate stocks in spot markets
 "Cardamom down 1.2% on adequate stocks")
Crude palm oil declines by 1.1% on subdued demand
Speculators trimmed positions, tracking a weak trend at spot market on subdued demand
 "Crude palm oil declines by 1.1% on subdued demand")
Copper falls by 1.7% on global cues
Speculators trimmed their positions, tracking a weak trend in base metals overseas on demand concern
 "Copper falls by 1.7% on global cues")
Nickel falls by 3.2% tracking global cues
Speculators reduced their positions, taking weak cues from global markets amid sluggish demand
 "Nickel falls by 3.2% tracking global cues")
Lead falls by 2.1% on weak global cues
Speculators reduced their positions on slowing global economic growth amid subdued domestic demand
 "Lead falls by 2.1% on weak global cues")
Crude oil plunges by 2.7% on Asian cues
Speculators reduced exposures amid a subdued trend in Asian trade
 "Indian crude oil basket at $87.46 a bbl as Brent cools to 4-year low")
Oil prices resume downward spiral in Asia
Another massive sell-off in equities affected prices
 "Gold prices hit one-month high")
 "Rubber output slides as prices slump, even as imports surge")
Most industrial metals likely to move up next year
Copper an exception due to oversupply; fundamentals still weak for most industrial metals
 "Most industrial metals likely to move up next year")
Better days ahead for coffee growers
As Brazil is headed for a lower crop, bean prices are likely to move up further in 2015
 "Better days ahead for coffee growers")
NCDEX to expand basket for trading in forward segment
Will include commodities like tur, urad and jute which are not available for trade on the futures platform
 "NCDEX to expand basket for trading in forward segment")