Page 675 - Commodity News
Lead up 0.3% on spot demand
Metal for delivery in August gained 0.07%
 "Lead up 0.3% on spot demand")
Crude palm oil up 0.2% on spot demand
Oil for delivery in July moved up marginally by 0.14%
 "Crude palm oil up 0.2% on spot demand")
Gold down 0.1% on weak global cues
Metal for delivery in far-month October eased by 0.02%
 "Gold down 0.1% on weak global cues")
Zinc adds 0.18% on spot demand
However, metal's weakness in London caps gains
 "Zinc adds 0.18% on spot demand")
Silver futures up 0.11% on short-covering
However, a weak trend overseas caps the rise
 "Silver futures up 0.11% on short-covering")
Aluminium up 0.25% on firm overseas trend
Speculators enlarge positions as demand from consuming industries adds to positive sentiment
 "Aluminium up 0.25% on firm overseas trend")
Nickel sheds 0.25% on subdued demand
Lower offtake from alloy makers drives prices down, but gains in London cap losses
 "Nickel sheds 0.25% on subdued demand")
Cardamom up 1% on spot demand
Traders enlarge commitments as tight stocks following lower arrivals from growing regions fuel uptrend
 "Cardamom up 1% on spot demand")
Oil prices ease in Asian trade
Dealers stood on the sidelines awaiting the latest US stockpiles report
 "Oil prices ease in Asian trade")
The steep fall of Jignesh Shah
Had to give up his MCX cash cow, exchange tech income is threatened and his personal assets have been attached
 "The steep fall of Jignesh Shah")
Oil prices fall ahead of US data
Losses were however limited by concerns about the crisis in Ukraine
 "Oil prices fall ahead of US data")
Jute sector faces threat of ban on government quota
Certain jute mills are saddled with allegations of cheap but illegal imports of jute bags from Nepal and Bangladesh for profiteering
 "Jute sector faces threat of ban on government quota")
 "Indian setback helping global iron ore miners")
Slowdown likely for diamond processors
Global rough diamond miner De Beers forecasts a slowdown in sales, Indian companies toface the heat
 "Slowdown likely for diamond processors")
Tech provider be neutral of commex ownership: FMC
Regulator mulling no entity with significant shareholding be allowed to be tech provider
 "Tech provider be neutral of commex ownership: FMC")
Centre reduces insurance premium on cotton crop to 6%
The new premium is applicable to all cotton-growing farmers across the country with immediate effect
 "Centre reduces insurance premium on cotton crop to 6%")
Cardamom down 0.3% on profit-booking
Commodity for delivery in August declined by 0.32%
Lead futures gain 0.26% on spot demand, global cues
Metal for delivery in July gained 0.18%
Copper down 0.1% on overseas cues
Metal for delivery in August down 0.02%
 "Copper down 0.1% on overseas cues")
Zinc up 0.2% on global cues
Marketmen attributed the rise in zinc prices at futures trade to a firming trend overseas and rising demand from consuming industries at domestic markets