Zinc futures zoom 1.99% on global cues

Zinc futures jumped nearly 2 per cent during evening trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal on surge in demand on the back of easing greenback and weakness in US Treasury yields.

The US Treasury yield curve flattened to almost 10-year lows on Wednesday as investors evaluated the impact of hawkish Federal R

White metal shines as dollar, US Treasury yields weaken

Silver futures were trading higher during evening trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal on safe-haven demand after rising safe-haven demand on the back of easing greenback and weakness in US Treasury yields.

The US Treasury yield curve flattened to almost 10-year lows on Wednesday as investors evaluated the

Yellow metal shines as dollar, US Treasury yields weaken

Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal after rising safe-haven demand on the back of easing greenback and weakness in US Treasury yields.

The US Treasury yield curve flattened to almost 10-year lows on Wednesday as investors evaluated the impact of hawkish Fe

Crude oil futures rise 0.33% as US stockpiles drop

Crude oil futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the energy commodity as US crude and gasoline stockpiles plunge. However, worries over whether Organization of Petroleum Exporting Countries (OPEC) and other producers’ efforts to slash output would be able to rein in a 3-year glut contin

Copper futures little changed on tight supply data

Copper futures were little changed during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal after data showing the metals's shift to global a supply deficit.

According to the industry data released this week, the global world refined copper market showed a 5,000 tonne deficit in March, against 102,000 t

India farm protests push for rise in edible oils import tax

By Rajendra Jadhav

MUMBAI  - India's government is facing mounting pressure to raise import duties on edible oils after farmers staged mass protests in key farm states amid a slump in oilseed prices to below government support levels.

Local oilseed crushers are struggling to compete with cheaper edible oil imports from Indonesia, Malaysia, Brazil an

Subdued physical demand drags down lead futures by 0.29%

Lead futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the industrial metal on muted physical demand for lead, from battery-makers, in the domestic spot market.

Further, a decline in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

22/06/2017 11:10:22 AM | Posted in Commodity Top News read full news
Aluminium futures keep head above water

Aluminium futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal amid an increase in physical demand for aluminium at the domestic spot market.

Further, a rise in physical demand for aluminium at the domestic spot market was led by building up of fresh bets by traders in the spot

22/06/2017 11:07:17 AM | Posted in Commodity Top News read full news
Muted physical demand bites mentha oil futures

Mentha oil futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the agri-commodity on subdued physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, trimming of bets by traders in the spot market was due to a slide in physical demand for mentha oil from

22/06/2017 11:04:48 AM | Posted in Commodity Top News read full news
Uptick in demand lifts cardamom futures by 2.07%

Cardamom futures rose over 2 per cent during morning trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid surge in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upward trend in the domes

22/06/2017 11:02:19 AM | Posted in Commodity Top News read full news
Oil prices slip as physical excess overpowers OPEC GLOBAL-OIL

By Libby George

LONDON - Oil slid back towards multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite OPEC-led efforts to balance the market.

Brent crude futures were down 15 cents at $44.67 a barrel at 0850 GMT, after spending much of the Asian trading day in pos

Gold rises as oil price slump boosts safe haven demand

By Nithin ThomasPrasad

BENGALURU  - Gold prices rose for a second straight day on Thursday as risk averse sentiment amid weaker oil prices drove up the demand for the metal, with a softer dollar and weakness in U.S. Treasury yields also lending support.

Spot gold rose 0.5 percent to $1,252.41 per ounce at 0812 GMT. It rose 0.3 percent in the previous se

Iran says OPEC considering deeper output cuts, delegates sceptical

BEIRUT/LONDON  - OPEC members are considering further oil output cuts but should wait until the effect of the current reduced level of production is made clear, Iran said on Wednesday, hinting at possible further OPEC action after oil sank to a seven-month low.

OPEC and allied outside producers agreed on May 25 to extend an existing supply cut into 2018, but oil

Nickel futures keep head above water

Nickel futures were trading higher during evening trade in the domestic market on Wednesday as investors and speculators extended their positions in the industrial metal amid uptick in physical demand as equities fell and the greenback eased following a plunge in crude oil prices.

Further, a renewed drop in oil markets put Asian investors on edge, and pushed down US Treasury yields an

Zinc futures climb 1.30% on global cues

Zinc futures jumped over 1 per cent during evening trade in the domestic market on Wednesday as investors and speculators extended their positions in the industrial metal on surge in demand as equities fell and the greenback eased following a plunge in crude oil prices.

Further, a renewed drop in oil markets put Asian investors on edge, and pushed down US Treasury yields and the dolla

White metal shines as equities fall

Silver futures were little changed during evening trade in the domestic market on Wednesday as investors and speculators extended their positions in the precious metal on safe-haven demand as equities fell and the greenback eased following a plunge in crude oil prices.

Further, a renewed drop in oil markets put Asian investors on edge, and pushed down US Treasury yields and the dollar

Norway offers record number of blocks for Arctic oil exploration

By Nerijus Adomaitis and Alister Doyle

OSLO  - Norway offered a record number of blocks for oil and gas exploration in the Arctic Barents Sea on Wednesday, brushing off concerns about the risks of drilling in the remote, icy environment.

The oil ministry proposed 102 blocks, comprising 93 in the Barents Sea and nine in the Norwegian Sea, despite calls f

Copper futures little changed on muted demand

Copper futures were little changed during afternoon trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal amid a weak trend at the domestic spot markets due to subdued demand.

Further, a weak trend at the domestic spot markets on the back of low demand from consuming industries, put pressure on copper prices in futures

Yellow metal inches up as equities fall

Gold futures were trading higher during afternoon trade in the domestic market on Wednesday as investors and speculators extended their positions in the precious metal on safe-haven demand as equities fell and the greenback eased following a plunge in crude oil prices

Further, a renewed drop in oil markets put Asian investors on edge, and pushed down US Treasury yields and the dollar

BPCL seeks 70,000 tonnes petrol to plug supply gap

SINGAPORE/BANGALORE  - India's Bharat Petroleum Corp Ltd is seeking gasoline in a rare move, due to a scheduled, month-long shutdown of a crude unit and a continuous catalytic reformer (CCR), sources said on Wednesday.

BPCL will shut a 100,000-barrel-per-day (bpd) crude unit for a month from July 29 and the CCR from August 6 at its 190,000-bpd Kochi refinery

Lead futures little changed on muted physical demand

Lead futures were little changed during morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal on muted physical demand for lead, from battery-makers, in the domestic spot market.

Further, a decline in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

21/06/2017 12:25:25 PM | Posted in Commodity Top News read full news
Uptick in demand buoys aluminium futures

Aluminium futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions in the industrial metal amid surge in physical demand for aluminium at the domestic spot market.

Further, an increase in physical demand for aluminium at the domestic spot market was led by building up of fresh bets by traders in the spot

21/06/2017 12:09:10 PM | Posted in Commodity Top News read full news
Mentha oil futures drop 0.65% on muted demand

Mentha oil futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators exited their positions in the agri-commodity on fall in physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, trimming of bets by traders in the spot market was due to a drop in physical demand for mentha oil from co

21/06/2017 12:05:57 PM | Posted in Commodity Top News read full news
Subdued physical demand bites cardamom futures

Cardamom futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators cut down their positions in the agri-commodity amid slide in physical demand for cardamom in the domestic spot market.

Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downward trend in the domestic

21/06/2017 12:04:06 PM | Posted in Commodity Top News read full news
Gold gains as oil's plunge dampens U.S. rate hike expectations

By Peter Hobson

LONDON  - Gold rose on Wednesday from a five-week low in the previous session as a slump in oil prices pushed down stock markets and U.S. bond yields, while the U.S. dollar weakened, making bullion cheaper for holders of other currencies.

Investors were betting that oil's tumble to seven-month lows would reduce inflationary pressures