Friday, May 18th

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On Brief Protecting, Turmeric root extract is Likely to Proceed Past Profits

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The NCDEX turmeric finished with sensible income for the second day on short covering in May expiration and deal purchasing in the May agreement. The most dynamic May shipping finished the last day up by Rs. 88 or 2.23% at Rs. 4038 after going in the variety of Rs. 4078-3956 /ton. Officially, the reverse is likely to discover level of resistance at Rs. 4080, Rs. 4150 and assistance is at Rs. 3970, Rs. 3920 / 10 kg.

Copper experiences over 1% plunge and gets pummeled for 4th day in a row

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Copper costs got grinded lower for 4th immediately day and moved the smallest levels seen in last four months on Thursday. The red steel costs experienced another over a percent drop after traders continue to rectangle off roles from the investment as apart from Ancient governmental uncertainty, The business steel costs also got weakened by the admiration in United states dollar against a gift container of .Copper futures dealing for September shipping dropped 3.95 dollars or 1.1% to close at $3.478 per lb after dealing as high as $3.5090 and as low as $3.4620 per lb on the Comex materials department of the New You are able to Mercantile Return. Copper for three-month shipping on the London, UK Metal Return went under $155 or over 2% to complete at $7,825 a ton.

Physical rubber costs decline tailing weakness in futures

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Physical rubber costs after showing a mixed trend for last few days finally turned weak on Wednesday. Spot costs for RSS-4 wide range shut at Rs 193.50/kg from its past ending of Rs 194/kg; RSS-5 wide range shut at Rs 191.50/kg when in comparison to its past ending of Rs 192/kg.In futures trading market, the agreement of RSS 4 for June shipping shut at Rs 193.50 when in comparison to its past ending of Rs 196.49, while the agreement for July shipping shut at Rs 196.48 when in comparison to its past ending of Rs 199.37 on the National Multi Commodity Exchange.

Crude oil gets pounded on Greek woes and US stockpile build

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Crude prices got pounded for the fourth session in a row, plunging over a percent and drifting closer to the psychological $90 barrel levels. Additionally, selling pressure also got intensified after reports indicated that US crude stockpiles rose sharply last week by 6.6 million barrels, way higher than the forecast for a 1.7 million barrel increase. Benchmark crude for June delivery plunged $1.17 or 1.24% to settle at $92.81 a barrel, after trading as high as $94.16 as low as $91.81 a barrel, on the New York Mercantile Exchange. In London, the expiring June delivery Brent crude declined $0.57 or 0.47% to end at $111.71 a barrel on the ICE while July crude registered higher cuts of $1.70 to settle at $109.75.

Gold falls by another % as US dollar rises elevated

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Gold costs went under over a % on Wednesday and the gold costs dropped on the back of restored strength in American dollar against a gift container of foreign exchange. Additionally, fresh issues over ECB’s refusal to provide assets to some undercapitalized Ancient financial institutions until they sufficiently increase their capital, dissuaded traders from more dangerous resource sessions like merchandise. Silver futures trading for May shipping stepped $20.50 to settle at $1,536.60 an ounces after trading as high as $1,552.20 and as low as $1,526.70 an ounces on the Comex department of the New You are able to Mercantile Exchange, whereas the spot gold costs dropped $4 to $1,539.86 an ounces.

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