Page 778 - Commodity News

MCX pulls mild steel contracts

The contracts failed to attract traders' attention due to difference in the quality largely traded in spot market

IEM owners face arrest over steel delivery default

IEM was an approved warehouse of the National Commodity & Derivatives Exchange in Ghaziabad

FMC may remove daily price caps, widen position limits

At present there are daily price limits for all commodities and any price movement on either side beyond set limits not permitted

Global oilseed output forecast raised by Oil World on soya bean, sunflower

Gold, silver tumble on stockists' selling

Soybean down 1.7% on global cues

Most-active March delivery contracts weakened by 0.8%

Mentha oil up 0.2% on spot demand

Oil for delivery in February traded higher by 0.15%

Chana down 0.8% on subdued spot demand

Commodity for February delivery fell by 0.78%

Coriander up 1.1% on spot demand

Spice for delivery in April traded higher by 0.71%

Crude oil down 1.1% on weak Asian cues

Oil for March delivery moved down by 1.03%

Potato up 0.5% on pick-up in spot demand

Commodity for delivery in March moved up by 0.47%

Silver down 0.6% on global cues, weak spot demand

Metal for delivery in May declined by 0.57%

Zinc down 0.9% on global cues

Metal prices fell 0.4% at the London Metal Exchange

Gold down 0.7% on global cues

Metal for delivery in February shed 0.4%

Nickel down 0.6% on spot demand, global cues

Metal for delivery in January moved down by 0.59%

Copper down 0.7% on lower global trend

Metal for delivery in three months fell 0.1% at the LME

Aluminium down 0.9% on global cues

Metal for delivery in three months fell 0.2% on the London Metal Exchange

Cardamom up 0.9% on spot demand

Spice for delivery in February traded up by 0.74%

Palm oil down 0.2% on subdued demand

Oil for delivery in January traded lower by 0.28%

Oil prices down in Asian trade

Traders await a Federal Reserve decision on the future of stimulus programme