Mcx Commodity Market News : Morning Session
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Govt to impose anti-dumping duty on certain steel products
25/10/2016 10:31
The Indian Government has said that it may impose anti-dumping duty on imports of certain flat steel products from China and European Union to protect the interest of domestic players from cheap in-bound shipments.
In its preliminary findings, the directorate general of antidumping and allied duties (DGAD) has recommended the duty on imports of colour coated / pre-painted flat products of alloy or non-alloy steel.
As per reports, Essar Steel India and JSW Steel Coated Products had jointly filed the application for initiation of anti- dumping investigations. DGAD has suggested the duty be the difference between the landed value of steel products and USD 849 per tonne.
As per reports, these steel products offer resistance to corrosion with barrier protection. It is used in many applications and sectors including construction, roofing, walling, paneling, cladding and decking, automotive, white goods, appliances and furniture.
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Upsurge in demand lifts cardamom futures by 1.23%
25/10/2016 10:37
Cardamom futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators widened their 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, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1241.50 per kg, up by 1.23 per cent, after opening at Rs 1249, against a previous close of Rs 1226.40. It touched the intra-day high of Rs 1253 (at 10:36 hours).
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Mentha oil futures gain as demand picks up
25/10/2016 10:43
Mentha oil futures were trading higher during the morning trade in the domestic market on Tuesday as participants extended their positions in the agri-commodity amid uptick in physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, building up of frash positions by traders in the spot market led by an increase in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 894.50 per kg, up by 0.36 per cent after opening at Rs 893.30, against the previous closing price of Rs 891.30. It touched the intra-day high of Rs 896.70 (at 10:41 hours).
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Nickel futures zoom 0.81% on uptick in demand
25/10/2016 10:49
Nickel futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for nickel from major consuming industries in the domestic spot market.
The prices of nickel rise due to raising of positions by participants in the industrial metal on account of upsurge in spot demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for October 2016 contract is trading at Rs 683.10 per kg, up by 0.81 per cent, after opening at Rs 680.40, against a previous close of Rs 677.60. It touched the intra-day high of Rs 684 (at 10:41 hours).
Free Mcx Commodity Trend Update ( Call - 9094047040)
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Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Govt to impose anti-dumping duty on certain steel products
25/10/2016 10:31
The Indian Government has said that it may impose anti-dumping duty on imports of certain flat steel products from China and European Union to protect the interest of domestic players from cheap in-bound shipments.
In its preliminary findings, the directorate general of antidumping and allied duties (DGAD) has recommended the duty on imports of colour coated / pre-painted flat products of alloy or non-alloy steel.
As per reports, Essar Steel India and JSW Steel Coated Products had jointly filed the application for initiation of anti- dumping investigations. DGAD has suggested the duty be the difference between the landed value of steel products and USD 849 per tonne.
As per reports, these steel products offer resistance to corrosion with barrier protection. It is used in many applications and sectors including construction, roofing, walling, paneling, cladding and decking, automotive, white goods, appliances and furniture.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Upsurge in demand lifts cardamom futures by 1.23%
25/10/2016 10:37
Cardamom futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators widened their 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, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1241.50 per kg, up by 1.23 per cent, after opening at Rs 1249, against a previous close of Rs 1226.40. It touched the intra-day high of Rs 1253 (at 10:36 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Mentha oil futures gain as demand picks up
25/10/2016 10:43
Mentha oil futures were trading higher during the morning trade in the domestic market on Tuesday as participants extended their positions in the agri-commodity amid uptick in physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, building up of frash positions by traders in the spot market led by an increase in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 894.50 per kg, up by 0.36 per cent after opening at Rs 893.30, against the previous closing price of Rs 891.30. It touched the intra-day high of Rs 896.70 (at 10:41 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Nickel futures zoom 0.81% on uptick in demand
25/10/2016 10:49
Nickel futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for nickel from major consuming industries in the domestic spot market.
The prices of nickel rise due to raising of positions by participants in the industrial metal on account of upsurge in spot demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for October 2016 contract is trading at Rs 683.10 per kg, up by 0.81 per cent, after opening at Rs 680.40, against a previous close of Rs 677.60. It touched the intra-day high of Rs 684 (at 10:41 hours).
