Page 885 - Commodity News
Lead down by 0.7% on sluggish demand
A weak trend in base metals at the LME also put pressure on lead prices
 "Lead down by 0.7% on sluggish demand")
Castor seed fell by 1.5% on selling pressure
Marketmen said a weakening tend in spot market advised speculators to book-profit at existing higher levels
 "Castor seed fell by 1.5% on selling pressure")
Copper falls by 0.6% on global cues
Fall in copper futures trade was mostly in line with a weakening trend overseas
 "Copper falls by 0.6% on global cues")
Mentha oil rises by 0.2% on spot demand
Rise prices was mostly attribtued to speculators enlarging positions on pick up in demand
 "Mentha oil rises by 0.2% on spot demand")
Cardamom down by 0.6% on sluggish demand
Adequate stocks in the physical market following increased arrivals from producing regions also put pressure on cardamom
 "Cardamom down by 0.6% on sluggish demand")
Crude oil down by 0.5% on weak Asian cues
Speculators trimmed positions amid a weakening trend in the Asian trade
 "Crude oil down by 0.5% on weak Asian cues")
Silver futures down 0.7% on profit-booking
A weak trend overseas also affected prices
 "Silver futures down 0.7% on profit-booking")
Gold futures fall 0.3% on global cues
Fall in gold futures was mostly attributed to a weakening trend in the global market
 "Gold futures fall 0.3% on global cues")
Falling rupee pushes Indian crude oil basket to a record high
The rupee breached the 63-mark on Monday. Experts expect the currency to fall even further on Tuesday
 "Falling rupee pushes Indian crude oil basket to a record high")
Base metals decline after three weeks of bull run
Profit booking, uncertainty over trimming of Fed stimulus are main reasons; traders eye Wednesday's Fed unveiling of minutes
 "Base metals decline after three weeks of bull run")
 "India fails to capitalise on rise in global iron ore prices")
Cotton prices at 3-year high as demand, export strengthen
Analysts say rainfall in the two months has damaged some crop, which could lead to more strengthening of cotton prices
 "Cotton prices at 3-year high as demand, export strengthen")
Raw materials price rise impact export margins of synthetic yarn makers in April-June quarter
According to industry players, raw materials, especially for synthetic yarn such as PTA and MEG have risen by more than 20% in some cases
Onion price dips on MEP, import
Rise in arrivals eases shortage; with new crop expected in weeks at yards, govt says export ban not needed
 "Onion price dips on MEP, import")
Rubber processors bruised by rupee slide
According to industry data, demand for natural rubber is higher than production, and therefore prices remain tight bs photo
 "Rubber processors bruised by rupee slide")
Multiple pressure points for Nickel, Aluminium
Nickel had rough 2012, so far it looks like 2013 will not be much better as prices have fallen by about 14%
 "Multiple pressure points for Nickel, Aluminium")
Gold futures surges 0.7% to Rs 30,849/10 gm
Gold for delivery in October moved up by 0.59%
 "Gold futures surges 0.7% to Rs 30,849/10 gm")
Rubber price rebounds to Rs 195/kg
On last Wednesday, Kochi spot market quoted Rs 194 a kilo, but suddenly it dropped to Rs 191 on Friday, then to Rs 188 on Saturday
 "Rubber price rebounds to Rs 195/kg")
I can't say when onion prices will come down: Sharad Pawar
Agriculture Minister says heavy rains have hit supplies from key growing states
 "I can't say when onion prices will come down: Sharad Pawar")
Chilli down 2.5% sluggish demand
Chilli for delivery in September traded lower by 2.14%
 "Chilli down 2.5% sluggish demand")