Page 973 - Commodity News
Nickel up 0.2% on firm demand
Prices moved up as speculators enlarged their positions
 "Nickel up 0.2% on firm demand")
Silver futures down 0.6% on lower global trend
Prices fell as speculators trimmed their positions
 "Silver futures down 0.6% on lower global trend")
Gold futures down 0.5% on weak global cues
Prices fell due to profit-booking
 "Gold futures down 0.5% on weak global cues")
Market pulse for key metals and energy : Mangal Keshav
The ICE dollar index, which measures the US dollar's moves against six major currencies, rose to 82.687 from 81.807 in late trade on Wednesday.
Oil down in Asia on US stockpiles gain, stronger dollar
Buildup in US supplies indicates production is outstripping demand, putting downward pressure on prices
 "Oil down in Asia on US stockpiles gain, stronger dollar")
Global grain output seen at record on US outlook, UN says
Rome- based FAO says good crops may translate to somewhat downward pressure on prices
 "Global grain output seen at record on US outlook, UN says")
Cooking oil imports by India to drop on near-record reserves
Purchases of vegetable oils, including those for industrial use, fell 24% to 700,000 tonnes last month
 "Cooking oil imports by India to drop on near-record reserves")
Naphtha prices fall but no relief to polymer consumers yet
Impact of fall in naphtha prices would be visible in the next three to six months
 "Naphtha prices fall but no relief to polymer consumers yet")
Cardamom growers fret as prices slide
Off-season unloading of stocks continues, even as next harvesting season to begin in a few weeks
 "Cardamom growers fret as prices slide")
Bangladesh faces Moody's, apparel body ire for woes in garment sector
Netherlands-based apparel body passed resolution on lack of labour safety, health measures and an inappropriate work environment in Bangladesh
 "Bangladesh faces Moody's, apparel body ire for woes in garment sector")
Zinc softens 0.5% on global cues
Prices traded lower as speculators offloaded their positions
 "Zinc softens 0.5% on global cues")
Aluminum trades 0.5% lower on global cues
Speculators offloading their positions affected the trade.
 "Aluminum trades 0.5% lower on global cues")
Centre asks states to buy sugar from open mkt for PDS
Centre has partially decontrolled sugar sector and mills are no longer obligated to supply sweetener to it for PDS
 "Centre asks states to buy sugar from open mkt for PDS")
Copper falls 0.8% on weak global cues
Weaker demand from Chinda, largest user, affected the trade globally
 "Copper falls 0.8% on weak global cues")
Crude oil futures up 0.4% on overseas cues
Firming trend in Asia suported the trade
Silver rises 0.80% futures trade on global trend
rise in silver futures was mostly on the back of a firming trend in precious metals in the global markets
 "Silver rises 0.80% futures trade on global trend")
Gold up in futures trade on global cues
A firming trend in the global markets on signs of rising demand in China and India, mainly led to rise in gold prices at futures trade
 "Gold up in futures trade on global cues")
Oil up in Asian trade
Rise in German industrial production brightened market's outlook for European and global growth
 "Oil up in Asian trade")
Coal imports hit record high on slow domestic output
India, which does not release coal import data on a regular basis, places no restrictions on the imports of the commodity, which are brought into the country by traders and consumers
 "Coal imports hit record high on slow domestic output")
Textile firms bank on manmade fibre for higher revenue
In FY08, viscose staple fibre production was 279.9 tonne, which has moved up to 829.7 tonnes in FY12, a jump of almost 200%
 "Textile firms bank on manmade fibre for higher revenue")