Showing posts with label Base Metal. Show all posts
COMMODITY MARKET STRATEGY 04 SEPTEMBER 2014
BASE METAL WRAP: Nickel climbed to the
highest in almost four weeks after a Philippine lawmaker filed a bill to require
all mined minerals to be processed before export.
ENERGY WRAP: Natural gas prices
edged lower on Wednesday after weather forecasting models continued to call for
milder temperatures to move across the U.S. this weekend, which should cut into
the need for air conditioning and thus reduce demand for the commodity at the
nation's thermal power plants. Crude oil futures rebounded from the previous
session's steep declines on Wednesday, after Kiev said it has reached a deal
with Russia for a ceasefire in eastern Ukraine.
PRECIOUS METAL WRAP: Gold advanced for a
second day on speculation that prices near the lowest level since June may
encourage purchases as investors assessed tensions in Ukraine and the outlook
for higher U.S. borrowing costs.
GLOBAL EVENTS TO WATCH: Retail Sales m/m,
Trade Balance, Monetary Policy Statement, German Factory Orders m/m, BOJ Press
Conference, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement,
Challenger Job Cuts y/y, Minimum Bid Rate, ADP Non-Farm Employment Change,
Trade Balance, ECB Press Conference, Trade Balance, Unemployment Claims,
Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services
PMI, ISM Non-Manufacturing PMI, Natural Gas Storage, Crude Oil Inventories,
FOMC Member Mester Speaks.
TOP CORPORATE NEWS 01 SEPTEMBER 2014
• Maruti at new high, Aug sales ride on Celerio, Dzire, Ritz
Shares of Maruti Suzuki touched a new high, up 3 percent intraday on strong growth in August sales numbers boosted by compact cars segment. India's largest car maker sold 1,10,776 lakh units in August, up 27 percent compared to 87,323 units in same period last year and up 9 percent compared to 1.01 lakh units in previous month.
• IRB Infrastructure falls after Citi downgrade
Shares of IRB Infrastructure Developers Ltd fall after Citigroup downgraded the stock to sell from buy.
• M&M sold 35,175 units in August
M&M has announced that it has sold 35,175 units during August 2014, as against 37,897 units during August 2013. The company's domestic sales was at 3,145 units.
• TVS Motor Company August 2014 sales grows by 46%
TVS Motor Company recorded 46% growth in sales during the month of August 2014, with total sales increasing from 155,532 units recorded in the month of August 2013 to 227,482 units in the month of August 2014.
Shares of Maruti Suzuki touched a new high, up 3 percent intraday on strong growth in August sales numbers boosted by compact cars segment. India's largest car maker sold 1,10,776 lakh units in August, up 27 percent compared to 87,323 units in same period last year and up 9 percent compared to 1.01 lakh units in previous month.
• IRB Infrastructure falls after Citi downgrade
Shares of IRB Infrastructure Developers Ltd fall after Citigroup downgraded the stock to sell from buy.
• M&M sold 35,175 units in August
M&M has announced that it has sold 35,175 units during August 2014, as against 37,897 units during August 2013. The company's domestic sales was at 3,145 units.
• TVS Motor Company August 2014 sales grows by 46%
TVS Motor Company recorded 46% growth in sales during the month of August 2014, with total sales increasing from 155,532 units recorded in the month of August 2013 to 227,482 units in the month of August 2014.
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TOP CORPORATE NEWS 28 August 2014
• Tata Motors enters Algeria with a range of passenger cars
Tata Motors in association with SPA Elsecom has setup dealerships at Algiers and Oran, with further plans underway to establish 10 additional sales and service centers, to cover important regions, by the end of this year.
• RIL to save $450 mn/yr by importing ethane from US
Reliance Industries will save about USD 450 million annually by importing 1.5 million tons ethane from US for its petrochemical plant. Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production.
• Adani buys Australia coal mine royalty rights from Linc
Adani Enterprises has agreed to pay Australian dollar 155 million (USD 145 million) to Linc Energy to buy out the Australian firm's rights to future royalties from Adani's huge.
• Tata Comm up on reports of foreign brokerage
Shares of Tata Communications gained over 4%, touching, on reports that a foreign brokerage has re-initiated coverage on the stock with a buy rating. The company is back on growth and profitability track and its core business turnaround will be led by enterprise data.
Tata Motors in association with SPA Elsecom has setup dealerships at Algiers and Oran, with further plans underway to establish 10 additional sales and service centers, to cover important regions, by the end of this year.
• RIL to save $450 mn/yr by importing ethane from US
Reliance Industries will save about USD 450 million annually by importing 1.5 million tons ethane from US for its petrochemical plant. Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production.
• Adani buys Australia coal mine royalty rights from Linc
Adani Enterprises has agreed to pay Australian dollar 155 million (USD 145 million) to Linc Energy to buy out the Australian firm's rights to future royalties from Adani's huge.
• Tata Comm up on reports of foreign brokerage
Shares of Tata Communications gained over 4%, touching, on reports that a foreign brokerage has re-initiated coverage on the stock with a buy rating. The company is back on growth and profitability track and its core business turnaround will be led by enterprise data.
