Page 777 - Commodity News
Crude oil down 0.3% on weak Asian cues
Oil for February delivery moved down 0.29%
 "Crude oil down 0.3% on weak Asian cues")
Copper down 0.1% on weak global cues
Metal for delivery in three-months traded 0.3%
 "Copper down 0.1% on weak global cues")
Aluminium down 0.3% on global cues
Metal for delivery in January traded lower by 0.28%
 "Aluminium down 0.3% on global cues")
Lead down 0.1% on global cues, subdued demand
Metal for delivery in February shed 0.04%
 "Lead down 0.1% on global cues, subdued demand")
Nickel down 0.1% on overseas trend, subdued demand
Metal for delivery in February also fell by a similar margin
 "Nickel down 0.1% on overseas trend, subdued demand")
Zinc down 0.2% on global cues, subdued spot demand
Metal for delivery in January fell by 0.12%
 "Zinc down 0.2% on global cues, subdued spot demand")
Palm oil down 0.3% on subdued demand
Oil for delivery in February traded lower by 0.2%
 "Palm oil down 0.3% on subdued demand")
Price hike of jute bags hits Tariff Commission's wall
According to the Commission's report, the 'fair price' of jute falls between Rs 54819 and Rs 55481 per tonne
 "Price hike of jute bags hits Tariff Commission's wall")
Hedging by gold miners at decade low in Sept quarter
Many interpret the trend as gold prices having bottomed out
 "Hedging by gold miners at decade low in Sept quarter")
Goa iron ore auction early next month
Stiff competition likely; JSW plans bidding for full quantity, many smaller steel companies and local exporters expected to participate
 "Goa iron ore auction early next month")
MP probe reveals a Rs 22,000-cr dabba trade racket
The enforcement directorate at the Centre is also learnt to have registered a case in the matter
 "Gold falls 1% as Fed taper weighs, China demand fades")
Soybean up 1.1% on fresh buying
Most active near March month improved by 0.97%
 "Soybean up 1.1% on fresh buying")
Potato adds 1.5% on limited supply, high demand
Traders enlarge positions on lower arrivals from key growing areas
 "Potato adds 1.5% on limited supply, high demand")
Castorseed futures rise further on brisk buying
Marketmen said rising demand in spot and overseas markets mainly advised speculators to enlarge their positions
 "Castorseed futures rise further on brisk buying")
Copper falls 0.26% on global cues, subdued demand
Analysts attributed fall to weak global trend as China's manufacturing contracted and US Fed reduced economic stimulus
 "Copper falls 0.26% on global cues, subdued demand")
Cardamom surges 1.5% on strong demand
Traders build positions on lower arrivals from key growing areas
 "Cardamom surges 1.5% on strong demand")
Crude palm oil marginally up on spot demand
January, February contracts add 0.22% and 0.45% respectively
Mentha oil up 0.65% on pick up in spot demand
Traders create fresh positions on lower arrivals from producing area
 "Mentha oil up 0.65% on pick up in spot demand")
Oil prices mixed after Fed taper decision
The mixed performance of oil prices came as Asian stock markets slumped
 "Oil prices mixed after Fed taper decision")