Commodities Surge to Highest Since 2015 on Oil, Aluminum, Nickel

Business-Standard | 19th April 2018 (Bloomberg) -- A key gauge of commodity prices has reached its highest level in 2 1/2 years as oil rises and concerns about U.S.-Russia tensions boost industrial metals. The CRB commodity index rose more than 1 percent on Wednesday, touching 201.88, its top level since October 2015… Source:https://www.bloombergquint.com/markets/2018/04/18/commodities-surge-to-highest-since-2015-on-oil-aluminum-nickel

2018-04-20T17:28:28+00:00 April 19th, 2018|Non Agri Commodities|

Om Metals Infra projects bags Rs 157 cr order from SJVN

Economic Times | 16th April 2018 Hydro-mechanical engineering firm Om Metals Infraprojects today said it has received order worth Rs 157 crore from public sector firm SJVN.“We have secured the letter of acceptance from SJVN Ltd for all hydro-mechanical works of Rs 157 crore. The order is for all hydro-mechanical works including pressure shaft steel [...]

2018-04-17T13:13:54+00:00 April 16th, 2018|Non Agri Commodities|

Aluminum surges on supply constraint fears

My Digital Fc | 16th April 2018 Aluminum prices skyrocketed last week after the US imposed sanctions on some of the wealthy Russians and their businesses. While aluminum prices at the London Metal Exchange (LME) were at the six-year high, prices at the Multi-Commodity Exchange (MCX) touched record high levels. Market expects prices to cool [...]

2018-04-17T12:48:49+00:00 April 16th, 2018|Non Agri Commodities|

Crude steel output up 3.6% to 9 MT in March

Economic Times | 15th April 2018 India's crude steel output grew 3.6 per cent to 9.07 million tonne (MT) during March 2018, according to official data.The country had produced 8.76 MT crude steel during the same month a year ago. SAIL, RINL, TSL, Essar Steel, JSWL & JSPL together produced 5.46 MT and the rest [...]

2018-04-17T13:03:30+00:00 April 15th, 2018|Non Agri Commodities|

India believes its efforts to build fuel infra should benefit neighbours: Swaraj

Business-Standard | 13th April 2018 India strongly believes that its efforts to build oil and gas infrastructure should also benefit its neighbours, External Affairs Minister Sushma Swaraj said today.Oil and gas are strategic commodities as price variations impact people down to the bottom of the pyramid fuel, the minister said."We are well aware that just as energy is a key pillar for our economic growth and development, [...]

2018-04-13T11:03:56+00:00 April 13th, 2018|Non Agri Commodities|

Buy Hindustan Copper, target Rs 79: Kunal Bothra

Economic times | 12th April 2018 Independent analyst Kunal Bothra has a buy call on Hindustan Copper with a target price of Rs 79. The current market price of Hindustan Copper is Rs 74.25. Time period given by the analyst is Intra Day when Hindustan Copper price can reach defined target. Kunal Bothra recommended keeping [...]

2018-04-12T11:16:44+00:00 April 12th, 2018|Non Agri Commodities|