COMMODITY NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

Lead futures dip on subdued demand  -   17/01/2018 17:01
L ead futures were trading lower during the evening trade in the domestic market on Wednesday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets. At the MCX, lead futures for January 2018 contract is trading at Rs 163.35 per kg, down...
Mentha oil futures up on increasing demand  -   17/01/2018 16:37
M entha oil futures were trading higher during the evening trade in the domestic market on Wednesday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices i...
White metal dips on feeble global cues  -   17/01/2018 15:06
S ilver futures were trading lower during the afternoon trade in the domestic market on Wednesday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels. At the MCX, silver futures for March 2018 contrac...
Gold dips due to profit booking  -   17/01/2018 14:26
G old prices were down at futures trade on Wednesday due to profit-booking by speculators at the prevailing levels amid a weak trend overseas. Analysts attributed the fall in gold futures to profit-booking by participants at existing levels and a weak trend overseas as strong dollar reduced the precious metal’s appeal as a safe-haven. Globally, gold fell 0.19 per cent to USD 1,335.40 an ounce in Si...
Steel makers exploiting protectionist measures: EEPC  -   17/01/2018 14:05
E ngineering export organization, EEPC India has said that domestic steel producers are taking undue advantage of the protectionist measures taken by the government. Commenting on the issue, an EEPC Official said, "Basking under a slew of protectionist measures initiated by the government, the Indian steel makers are enjoying a huge premium in the domestic market, up to USD 200 a tonne, cutting into the...
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