Page 748 - Commodity News
Subsidised Chinese exports upsetting normal steel trade
Chinese producers are under pressure to export surplus steel, as domestic demand growth is falling compared to the rise in output
 "Subsidised Chinese exports upsetting normal steel trade")
Chana down 0.3% on sluggish demand
Speculators reduced positions due to sluggish demand in the spot market
 "Chana down 0.3% on sluggish demand")
Sugar up 0.3% on spot demand
Lower output in key manufacturing areas also supported the uptrend to some extent
 "Sugar up 0.3% on spot demand")
Mentha oil up 1.9% on rising demand
Oil for April contracts went up by 1.86%
 "Mentha oil up 1.9% on rising demand")
Palm oil up 0.4% as demand picks up
Analysts said speculators created fresh positions after demand in the spot market picked-up
 "Palm oil up 0.4% as demand picks up")
Refined soya oil up 0.4% on pick-up in demand
Oil for delivery in April edged up by 0.34%
 "Refined soya oil up 0.4% on pick-up in demand")
Cardamom up 1.2% on spot demand
Spice for delivery in April gained 1.17%
 "Cardamom up 1.2% on spot demand")
Potato down 0.4% on increased supply
Market analysts said fall in potato prices at futures trade was mostly due to offloading of positions by speculators
 "Potato down 0.4% on increased supply")
Gold down 0.7% on global cues
Fall in gold futures was mostly due to a weakening trend in the global market
 "Gold down 0.7% on global cues")
Silver down 0.7% on weak global cues
Metal for delivery in July traded lower by 0.6%
 "Silver down 0.7% on weak global cues")
Lead down 0.7% on sluggish demand, overseas cues
A weak trend in base metals at the LME also put pressure on lead futures
 "Lead down 0.7% on sluggish demand, overseas cues")
Zinc down 0.5% on lower global trend
Metal for delivery in April weakened by 0.46%
 "Zinc down 0.5% on lower global trend")
Copper down 0.6% on global cues
Globally, the metal for delivery in three months retreated as much as 0.9%
 "Copper down 0.6% on global cues")
Nickel down 0.7% on sluggish demand, global cues
Globally, the metal slid 0.6% at the London Metal Exchange
 "Nickel down 0.7% on sluggish demand, global cues")
Gold takes global cues, falls 3.62% through the week
Silver fell 2.25% to close at Rs 45,000
Steel input costs fall globally but stay firm in India
To fall further on weak Chinese demand, oversupply
Rise in imports might impel steel price cuts
Fall in global prices, rupee appreciation may add to pressure, feel trade circles
 "Rise in imports might impel steel price cuts")
Potato up 1.3% on spot demand
Commodity prices for delivery in March jumped up by 1.2%
Coriander down 1.5% on profit-booking
Price for April delivery declined by 1.49%
 "Coriander down 1.5% on profit-booking")
Copper down 0.5% on weak global cues
Oversupply and a weakening economy in China kept downward pressure on prices