Friday, 23 May 2014

COMMODITY NEWS

Prices of copper and nickel rose by Rs 2 per kg on the local non-ferrous metals market today on increased buying by stockists to meet increased demand from consuming industries amidst a firming global trend. 

Traders said sentiment remained firm after copper advanced on improving factory output in China and the US, the world's largest consumers of the metal, amid shrinking stockpiles. 

Meanwhile, copper for delivery in three months was little changed at 6,874 dollar a metric  .. 


Brent steady on economic growth, Libya support

Brent crude held steady above $110 a barrel on Friday on track for a second weekly gain, supported by conflicts in Libya

Iron ore eyes longest weekly losing streak since 2012

Iron ore, pummelled by brisk supply and a weak Chinese steel market, is headed for a sixth straight weekly fall in what would be its longest losing streak

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