Upbeat demand lifts Copper futures
16/09/2014 16:46
Copper prices rose by 0.33 per cent on Tuesday at the domestic market after the New York Federal Reserve’s index of manufacturing conditions improved at the fastest rate since October 2009 in September signaling improving sentiment in the region which raised the demand for the metal. The Federal Reserve Bank of New York said that its general business conditions index increased to 27.5 this month from a reading of 14.7 in August. Analysts had expected the index to rise to 16.0 in September
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Zinc falls by 0.04% on weak German data
16/09/2014 16:18
Zinc prices fell by 0.04 per cent on Tuesday at the domestic markets after German economic sentiment deteriorated to the lowest level since December 2012 in September, fuelling concerns over the euro zone's largest economy which reduced the demand for the metal. ZEW Centre for Economic Research said that its index of German economic sentiment fell by 1.7 points to 6.9 this month from August’s reading of 8.6. Zinc futures for September 2014 contract
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Lead falls by 0.08% on weak demand outlook
16/09/2014 15:55
Lead prices fell by 0.08 per cent on Tuesday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
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Mentha oil gains by 0.82% on restricted arrivals
16/09/2014 15:25
Mentha oil prices rose by 0.82 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for September 2014 contract,
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Coriander gains by 1.57% on restricted arrivals
16/09/2014 11:48
Coriander prices rose by 1.57 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts.
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Bullion logs slim gain ahead of Fed meet
16/09/2014 11:35
Gold futures were trading with slim gains in the domestic market on Tuesday as investors and speculators stayed cautious ahead of the two-day US Federal Reserve policy meet beginning today where the world’s top central bank may offer some cues over the timing to raise interest rates for the first time since 2008. However, the first decline in US industrial output in seven months in August dampened speculation of earlier than expected US monetary tightening, bolstering the appeal of the bullion as a store of value
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Upbeat Eurozone data lifts Copper
16/09/2014 11:35
Copper futures rose in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal after Euro area trade surplus widened in July, easing the gloom in the 18-member economy, lifting the demand outlook for industrial metals. Euro area trade surplus widened to 21.2 billion euro in July 2014 from 18 billion euro in the same month a year ago as export growth outpaced that of imports. However, China’s FDI slumped to a four-year low to USD 7.2 billion in August 2014, down 14 per cent from the year ago month, clouding the outlook for the world’s second biggest economy, dimming the demand prospects for copper.
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Oil tad higher ahead of US supply data
16/09/2014 11:34
Crude oil futures were trading with slim gains in the domestic market on Tuesday ahead of data which may show a dip in US crude oil stockpiles last week, signaling a pickup in fuel demand in the world’s biggest oil consumer. US crude oil stockpiles may have fallen by 1.5 million barrels last week, the EIA may say tomorrow. However, a surprise dip in US industrial output last month signaled doubts over the recovery in the world’s biggest economy, clouding the demand outlook for the fuel, curbing gains in crude futures
16/09/2014 16:46
Copper prices rose by 0.33 per cent on Tuesday at the domestic market after the New York Federal Reserve’s index of manufacturing conditions improved at the fastest rate since October 2009 in September signaling improving sentiment in the region which raised the demand for the metal. The Federal Reserve Bank of New York said that its general business conditions index increased to 27.5 this month from a reading of 14.7 in August. Analysts had expected the index to rise to 16.0 in September
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Zinc falls by 0.04% on weak German data
16/09/2014 16:18
Zinc prices fell by 0.04 per cent on Tuesday at the domestic markets after German economic sentiment deteriorated to the lowest level since December 2012 in September, fuelling concerns over the euro zone's largest economy which reduced the demand for the metal. ZEW Centre for Economic Research said that its index of German economic sentiment fell by 1.7 points to 6.9 this month from August’s reading of 8.6. Zinc futures for September 2014 contract
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Lead falls by 0.08% on weak demand outlook
16/09/2014 15:55
Lead prices fell by 0.08 per cent on Tuesday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend.
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Mentha oil gains by 0.82% on restricted arrivals
16/09/2014 15:25
Mentha oil prices rose by 0.82 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for September 2014 contract,
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Coriander gains by 1.57% on restricted arrivals
16/09/2014 11:48
Coriander prices rose by 1.57 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts.
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Bullion logs slim gain ahead of Fed meet
16/09/2014 11:35
Gold futures were trading with slim gains in the domestic market on Tuesday as investors and speculators stayed cautious ahead of the two-day US Federal Reserve policy meet beginning today where the world’s top central bank may offer some cues over the timing to raise interest rates for the first time since 2008. However, the first decline in US industrial output in seven months in August dampened speculation of earlier than expected US monetary tightening, bolstering the appeal of the bullion as a store of value
*******************************************************************************************************
Upbeat Eurozone data lifts Copper
16/09/2014 11:35
Copper futures rose in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal after Euro area trade surplus widened in July, easing the gloom in the 18-member economy, lifting the demand outlook for industrial metals. Euro area trade surplus widened to 21.2 billion euro in July 2014 from 18 billion euro in the same month a year ago as export growth outpaced that of imports. However, China’s FDI slumped to a four-year low to USD 7.2 billion in August 2014, down 14 per cent from the year ago month, clouding the outlook for the world’s second biggest economy, dimming the demand prospects for copper.
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Oil tad higher ahead of US supply data
16/09/2014 11:34
Crude oil futures were trading with slim gains in the domestic market on Tuesday ahead of data which may show a dip in US crude oil stockpiles last week, signaling a pickup in fuel demand in the world’s biggest oil consumer. US crude oil stockpiles may have fallen by 1.5 million barrels last week, the EIA may say tomorrow. However, a surprise dip in US industrial output last month signaled doubts over the recovery in the world’s biggest economy, clouding the demand outlook for the fuel, curbing gains in crude futures
