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Lead slides 0.94 pct on increasing inventories
Published on Thursday, May 5, 2016 5:40 PM

Lead prices fell by 0.94 per cent on Thursday at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity.

LME lead stocks rose by 550 metric tonnes to 174675 metric tonnes as on May 5, 2016. At the MCX, Lead futures, for the May 2016 contract, is trading at Rs 116.30 per kg, down by 0.94 per ce ...

Lead slides 0.94 pct on increasing inventories
108109
Copper drops on weak euro area data
Published on Thursday, May 5, 2016 5:29 PM

Copper prices fell by 1.48 per cent on Thursday after Euro zone retail sales fell more than expected in March against February as consumers cut purchases of food, drinks and tobacco, the European Union's statistics office said signaling weak sentiment in the region which reduced the demand for the metal. Retail sales, a proxy for household spending, decreased 0.5 percent in March month-o ...

Copper drops on weak euro area data
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Demand woes drag down Zinc futures by 1.59 pct
Published on Thursday, May 5, 2016 5:27 PM

Zinc futures fell by 1.59 per cent to Rs 123.75 per kg today as speculators reduced positions in the midst of a weak trend globally. Besides, low demand in domestic spot markets fueled the downtrend. Zinc futures for May 2016 contract, at MCX, were trading at Rs 123.75 per kg, down by 1.59 per cent after opening at Rs. 125.15 against the previous closing price of Rs. 125.75. It touched the i ...

Demand woes drag down Zinc futures by 1.59 pct
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Surging arrivals drag down Mentha oil futures
Published on Thursday, May 5, 2016 2:51 PM

Mentha oil prices fell by 0.28 per cent on Thursday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for May 2016 contract, at MCX, were trading at Rs. 863.80 per kg, down by 0.28 per cent after opening at Rs. 864.40 against the previous closing price ...

Surging arrivals drag down Mentha oil futures
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Crude oil gains on US production drop
Published on Thursday, May 5, 2016 1:57 PM

Crude oil prices rose by 0.31 per cent on Thursday as regional investors took a drop in US production as bullish. Investors digested the sharpest one-week production decline in US production in nearly a year and a stronger than expected build in domestic crude stockpiles last week. At the MCX, crude oil futures for May 2016 contract were trading at Rs. 2,978 per barrel, up by 2.65 per cent, ...

Crude oil gains on US production drop
108063
Gold rises ahead of Friday US jobs
Published on Thursday, May 5, 2016 12:47 PM

Gold prices rose by 0.28 per cent on Thursday with investors cautious ahead of the end of the week jobs report that will provide clarity on the prospects for Fed rate hikes going forward. A mixed bag of US economic data provided few indications on the long-term path of the economy, potentially leaving the Federal Reserving at an impasse while it weighs the timing of its next interest rate hi ...

Gold rises ahead of Friday US jobs
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Weak buying interest drags down Coriander futures
Published on Thursday, May 5, 2016 12:45 PM

Coriander prices fell by 0.9 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for May 2016 contract were trading at Rs. 6,925 per quintal, down by 0.9 per cent, after opening at Rs. 6,991 against the previous closing price of Rs ...

Weak buying interest drags down Coriander futures
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Limited stocks lift Cardamom futures by 0.50 pct
Published on Thursday, May 5, 2016 11:23 AM

Cardamom prices rose by 0.50 per cent on Thursday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for May 2016 contract were trading at Rs 790 per kg, up by 0.50 per cent, after opening at Rs.795 against the previous closing price of Rs. 786.10. It touched th ...

Limited stocks lift Cardamom futures by 0.50 pct
108041
Steel industry under stress due to rising imports: Minister
Published on Thursday, May 5, 2016 11:10 AM

The Indian Government has said that steel industry in India, one of the fastest growing steel producing nations, is passing through stress for some time due to rising imports. The Government has further said that it will take all steps to promote and safeguard the sector. Commenting on the issue, Steel Minister Narendra Singh Tomar told the media, "The concern of the member is justified ...

Steel industry under stress due to rising imports: Minister
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