India Says LNG Import Deal With Qatar Remains In Place, New Deal Unlikely

Hellenic Shipping News| Aug 18, 2017 India Will Continue Its 8.5 Million Mt/Year LNG Import Deal With Qatar Without Any Change In Contract Clauses, Oil Ministry Officials Said Thursday.“There Is No Proposal To Sign Any Fresh Import Contract With Qatar,” Said One Official. Qatar Is India’s Largest Source Of Natural Gas… Source:

August 18th, 2017|Non Agri Commodities|

Indian Steel Makers’ Earnings To Be Steady: Moody’s

Money Control| Aug 17, 2017 Indian Steel Makers' Earnings Will Be Stable Or Rise In The Next 12 Months On The Back Of Rising Domestic Demand And Protectionist Measures, Moody's Investors Service Said On Thursday.The Rating Agency Said That It Has Changed The Outlook For Asian Steel Industry To Stable From Negative On The Expectation [...]

August 17th, 2017|Non Agri Commodities|

Lower Production Costs Help Upstream Oil, Gas Companies Tide Over Depressed Crude Prices

The Hindu Businessline| Aug 17, 2017 Despite Crude Oil And Natural Gas Prices Remaining Range Bound, Technological Enhancements And Lower Production Costs Have Come To The Rescue Of Upstream Oil And Gas Companies, According To Industry Players And Analysts.The Changed Nature And Composition Of Upstream Oil And Gas Operators Have Also Brought Down The Cost [...]

August 17th, 2017|Non Agri Commodities|

Base Metals: Aluminium, Zinc Gain On Upsurge In Demand

Economictimes.Indiatimes| Aug 16, 2017 Aluminium Prices Were Higher By 2.16 Per Cent To Rs 132.40 Per Kg In Futures Trade Today As Speculators Built Up Fresh Positions, Driven By Pick Up In Demand At The Spot Market.At The Multi Commodity Exchange, Aluminium For Delivery In September Went Up By Rs 2.80, Or 2.16 Per Cent [...]

August 16th, 2017|Non Agri Commodities|

Domestic Steel Output Up 4.6% At 8.5MT In July

The Hindu Businessline| August 15 2017 Domestic Crude Steel Production Witnessed A 4.6 Per Cent Increase At 8.45 Million Tonnes (MT) In July, According To Official Data. This Is Against The Total Output Of 8.082 MT Of Crude Steel In The Same Month A Year Ago. “During April-July 2017, Crude Steel Production Was 33.011 MT, [...]

August 15th, 2017|Non Agri Commodities|

Infrastructure: Steel Continues To Raise Smiles

Financial Express| August 15, 2017 The Production Growth Of The Eight Core Industries In The First Quarter Of The Current Fiscal At 2.4%, Though Dismal, Conceals The Fact That The Highest Growth Has Been Observed In Steel Sector That Had Clocked A 6.2% Growth During The Period. This Exceeds Other Critical Sectors (Crude Oil, Petroleum [...]

August 15th, 2017|Non Agri Commodities|

Steel Importers Skirting Anti-Dumping Duty, Say Domestic Firms

The Hindu Businessline| August 13, 2017 Domestic Steel Manufacturers Have Alleged That Importers Are Circumventing The Anti-Dumping Duty Levied On Steel Products. This Has Been Made Possible Because The Entire Value Chain Of Steel Product Manufacturing Has Not Been Covered Under The Anti-Dumping Duty Norms… Source:

August 13th, 2017|Non Agri Commodities|

India set to unveil new biofuel policy in bid to cut oil, gas, coal imports: Minister

Economic Times| August 10, 2017 The Government Will Soon Bring Out A New Policy On Biofuel To Incentivize The Use Of The Cleaner Fuel, Oil Minister Dharmendra Pradhan Has Said.To Cut India’s Dependence On Imported Crude Oil, The Government Has Been Promoting The Use Of Biofuel For Years But Has Tasted Limited Success. Over The [...]

August 10th, 2017|Non Agri Commodities|

Glencore Gets Leases For 22 Million Mt/Year Australian Thermal Coal Project

Hellenic Shipping News| Aug 10 2017 Mining Giant Glencore Has Been Granted The First Mining Leases For Its Major Wandoan Thermal Coal Project In The Surat Basin In The Australian State Of Queensland, The State Government Said.When Operational, The New Mine Could Produce Up To 22 Million Mt Of High-Quality Thermal Coal A Year, It [...]

August 10th, 2017|Non Agri Commodities|

Metals Scrips Hit Yearly Highs On Sharp Increase In Prices

Timesofindia.Indiatimes| Aug 9, 2017 Even As Key Sectoral Indices Ended The Day In The Red, Shares Of Companies Engaged In The Metals Business Hit New Highs On The Bourses On The Back Of A Strong Rally In The Prices Of Steel, Iron, Aluminium And Copper. Tata Steel, Hindalco And JSW Steel Were Among The Stocks [...]

August 9th, 2017|Non Agri Commodities|