Page 641 - Commodity News
Oil rebounds in Asia but prices expected to remain soft
Prices were lifted by an equities rally and a weaker dollar
 "Oil rebounds in Asia but prices expected to remain soft")
Silver futures climb 1.3% on firm global cues
Speculators created fresh positions amid a firming trend in the precious metal overseas
 "Silver futures climb 1.3% on firm global cues")
Nickel up by 0.2% on positive global cues
Increased demand in spot markets from domestic alloy-makers, also influenced prices
 "Nickel up by 0.2% on positive global cues")
Copper up by 0.1% on global cues
Speculators enlarged positions after base metals strengthened in the global market
 "Copper up by 0.1% on global cues")
Gold rises 0.7% in futures trade on global cues
Speculators created fresh positions after the precious metal climbed to almost two-week high in global markets
 "Gold rises 0.7% in futures trade on global cues")
Brent comes off 27-month low, holds above $91 as dollar weakens
Brent for November delivery was up 5 cents to $91.43 by 0406 GMT
 "Brent comes off 27-month low, holds above $91 as dollar weakens")
Brent drops to 27-month low on IMF growth cut
Futures dropped 1.5 per cent in London, falling for a second day
 "Brent drops to 27-month low on IMF growth cut")
Festival appetite inspires gold shipments to shimmer
Import bill for September rises to $3.5-4 billion as traders and retailers stock up the precious metal
 "Festival appetite inspires gold shipments to shimmer")
NMDC unlikely to cut iron ore prices
Commodity rates decline abroad
 "NMDC unlikely to cut iron ore prices")
FCI may replace jutebags with plastics
High level committee discusses possibility, to submit report shortly
 "FCI may replace jutebags with plastics")
Lead down 0.1% on subdued demand, overseas cues
Metal for delivery in November slipped marginally by 0.04%
 "Lead down 0.1% on subdued demand, overseas cues")
Oilmeal exports drop 73% in September
Exports have been declining since May but the maximum m-o-m fall was witnessed during the last month: SEA
 "Oilmeal exports drop 73% in September")
Brent falls to 27-month low
Currently trading under $91 on global growth, oil glut concerns
Nickel down 0.6% on global cues, low demand
Metal for delivery in November fell by 0.45%
Zinc down 0.3% on global cues
Metal for delivery in November fell by a similar margin
 "Zinc down 0.3% on global cues")
Silver up 0.3% on firm global cues
Metal for delivery in December traded higher by 0.27%
 "Silver up 0.3% on firm global cues")
Gold up 0.3% on global cues
Metal for delivery in December moved up by 0.19
 "Gold up 0.3% on global cues")
Crude oil down 1.2% on weak Asian cues
Speculators reduced exposures amidst a weak trend in Asian trade
Gold rises as global growth concerns spark safe-haven bids
Other safe-haven assets such as bonds and the Japanese yen also got a boost as Asian stocks fell
Oil extends losses as IMF cuts global growth forecasts
The IMF said the global economy would grow 3.3% this year
 "Oil extends losses as IMF cuts global growth forecasts")