Page 798 - Commodity News
Silver futures down 0.5% on global cues
Market analysts said off-loading of positions by speculators despite rebound in the precious metals overseas, attributed fall in silver prices
 "Silver futures down 0.5% on global cues")
Gold futures down 0.3%
Market analysts attributed the fall in gold futures prices to offloading of positions
 "Gold futures down 0.3%")
Crude oil down 0.1% on mixed Asian cues
Marketmen said the fall in crude oil futures prices was mostly in line with a mixed trend in Asia
 "Crude oil down 0.1% on mixed Asian cues")
Aluminium down 0.1% on global cues
Metal for delivery in December traded lower by 0.09%
 "Aluminium down 0.1% on global cues")
Zinc down 0.2% on sluggish demand
Metal for delivery in January fell by 0.24%
 "Zinc down 0.2% on sluggish demand")
Lead softens on sluggish demand, weak global cues
Lower offtake from battery makers, weak sentiment on LME see traders trim positions
 "Lead softens on sluggish demand, weak global cues")
Copper sheds 0.13% on profit-taking, Asian cues
Traders trim positions as metal turns weak in Shanghai, flat in London
 "Copper sheds 0.13% on profit-taking, Asian cues")
Nickel up marginally on spot demand, global cues
Speculators enlarge positions on higher offtake from alloy makers; metal gains 0.09% at home, 0.4% on LME
 "Nickel up marginally on spot demand, global cues")
FCI seeks govt nod to raise Rs 8,000 cr through bonds
Official says subsidy dues with govt have risen to about Rs 40,000 crore, from Rs 32,000 crore at start of this fiscal
 "FCI seeks govt nod to raise Rs 8,000 cr through bonds")
Steel output in November at 14-month low in India
Steel production started declining since August when the country produced 6.578 MT
 "Steel output in November at 14-month low in India")
Over 40% groundnut shelling units down shutters
Lack of export demand for peanuts in the international market poses major threat
 "Over 40% groundnut shelling units down shutters")
Gold comes off all-time high, silver declines during 2013
As of Dec 21, the price of 10 grams of gold had fallen 2.76% from last year's close; silver lost 23.57% per kg
 "Gold comes off all-time high, silver declines during 2013")
Jewellery drives India's trade with Hong Kong
Bilateral trade expected to reach $50 bn by 2020; India may replace Germany, Japan as Hong Kong's top-5 trade partners
 "Jewellery drives India's trade with Hong Kong")
 "India's iron ore exports fall 43.5% during April-October")
CEC tells Karnataka to expedite renewal of mining leases
Sesa Sterlite is in advanced stages of getting renewal for its lease in Chitradurga
 "CEC tells Karnataka to expedite renewal of mining leases")
Bullion falls on Fed's tapering move
Analysts believe US Fed's decision will reduce availability of disposable fund at hands of investors
High court to hear FT plea against FMC order today
Says the regulator has violated "principals of natural justice", hearing schedule on Saturday
 "High court to hear FT plea against FMC order today")
Base metal prices to rise on positive signals
Investment in infrastructure may take a fillip to help push metal demand in 2014
Gold heads for biggest annual loss in 32 years
Spot gold hit its lowest since June on Friday at $1,185.10 an ounce
 "Gold heads for biggest annual loss in 32 years")