Page 906 - Commodity News

Why are scrap importers angry with DRI producers?

Scrap importers say DRI producers have lobbied hard with the FinMin for the scrap import tax

Tyre price rise likely

Michelin, Bridgestone have already announced price hike

De Beers introduces forward contract in rough diamonds

To help jewellery retailers formulate long-term strategy

Polished diamond prices fall as demand weakens

Insiders claim drop in prices due to reduced demand from China, Hong Kong, other Far East nations; sentiment to remain subdued till December

RBI further tightens gold import rules to tame demand

The central bank said banks need to retain 20% of the imported gold in customs bonded warehouses

NSEL possesses 1.04 lakh tonnes of castorseed in Gujarat

Kadi has total six silos with an overall storage capacity of 50,000 tonnes

Potato up by 2.9% on rising demand

Speculators created fresh positions supported by rising demand in the spot market

Nickel up by 0.8% on global cues; spot demand

Speculators enlarged their positions, tracking a firming trend in base metals overseas amid spot demand

Crude oil up by 0.2% on firm overseas cues

Speculators enlarged positions, tracking a firming trend in the Asian region

Sugar falls by 0.6% on sluggish demand

Market analysts attributed the fall in sugar futures to increased supplies against subdued demand from bulk consumers

Refined soya oil falls by 0.8% on sluggish demand

Speculators reduced their holdings due to sluggish demand in the spot market against adequate stocks position

Chana down by 3% on sluggish demand

Speculators reduced their positions amid sluggish demand in the spot market against sufficient supplies

Crude palm oil marginally up by 0.3% on spot demand

Speculators created fresh positions, supported by a rise in demand in the spot market

Lead up by 0.3% on overseas trend

A firming trend in base metals in the global markets influenced the prices of lead

Copper rises by 0.4% on global cues, spot demand

A firm global trend and increased domestic demand influenced copper prices

Silver futures up 1.6% on global cues; short-covering

Speculators built up fresh positions amid covering-up of short positions

Gold futures surge 1.4% on firm global cues

Speculators enlarged positions after the metal jumped to a one-month high in the global market

Mentha oil plunges 2.8% on profit-booking

Speculators booked profits at prevailing levels amid sluggish demand in the spot market against adequate supplies

Cardamom rises at 0.5% as demand picks up

Tight stocks positions in the physical market on less arrivals from producing regions supported the uptrend

Bullion may remain a safe bet for investors this week

In India, however, the movement in the rupee would determine the bullions' price variations