Page 649 - Commodity News
Poor demand from yarn mills pull down cotton prices by 7.5%
Estimates put forward by traders suggest daily arrival of 4,000 bales of cotton in Punjab
 "Poor demand from yarn mills pull down cotton prices by 7.5%")
India's steel production grows by 1.7% in August
Country's steel output growth was spectacular mainly due to higher production by major producers
 "India's steel production grows by 1.7% in August")
Lead up 0.3% on spot demand, global cues
Metal for delivery in September rose 0.28%
 "Lead up 0.3% on spot demand, global cues")
Soybean up 0.6% on short covering
Marketmen said the rise in soybean prices was mostly attributed to covering up of short positions by speculators and a firming trend in global markets
 "Soybean up 0.6% on short covering")
Castorseed up 0.7% further on renewed buying
First contract October month also added another gains of 0.62%
 "Castorseed up 0.7% further on renewed buying")
Palm oil up 1.9% on high demand
Oil for delivery in September moved up by 1.39%
Mentha oil up 0.5% on pick up in demand
Oil for delivery in October edged up by 0.43%
 "Mentha oil up 0.5% on pick up in demand")
Aluminium down 0.2% on profit-booking
Weakness in metal at the LME, subdued industrial demand at domestic spot markets put pressure on the prices
 "Aluminium down 0.2% on profit-booking")
Cardamom up 0.8% on firm demand
Spice for delivery in November was trading up by 0.74%
 "Cardamom up 0.8% on firm demand")
Nickel down 0.6% on global trends, profit-booking
Metal for delivery in September traded lower by 0.52%
 "Nickel down 0.6% on global trends, profit-booking")
Zinc up 0.2% on firm spot demand, global cues
Metal for delivery in current month traded higher by 0.18%
 "Zinc up 0.2% on firm spot demand, global cues")
Crude oil up 0.3% on overseas cues
Oil for November also moved up by 0.29%
 "Crude oil up 0.3% on overseas cues")
Copper up 0.3% on global cues
Metal for delivery in three months rose 0.7%
 "Copper up 0.3% on global cues")
Jewellery stocks up on falling bullion prices
Gitanjali Gems, Asian Star and Rajesh Exports stocks moved up by 6.55%, 6% and 4.61% respectively
 "Jewellery stocks up on falling bullion prices")
Gold demand, import likely to rise with fall in price
Yellow metal no more a pressure point for CAD
 "Gold demand, import likely to rise with fall in price")
 "Can Chandrababu Naidu start bauxite mining in AP?")
 "About 30% apple crop perishes in J&K floods")
Antwerp Diamond Bank closure: Diamond traders fear liquidity crunch
In India, ADB is learnt to have had direct financing worth $200-230 mn through its Indian branch
 "Antwerp Diamond Bank closure: Diamond traders fear liquidity crunch")
Rabi paddy sowing to be higher in Telangana, AP
Improved rainfall augured well for paddy sowing in south Telangana, Godavari districts and Krishna in Andhra Pradesh