THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, May 21, 2001

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Commodities

Commodities
Trading in leather improves
TRADING in all kinds of leather improved last week and the indication for this week is that the market conditions could improve in view of overall demand for all kinds of articles from big buying houses. As such, the demand for wet blue hides, skins and E.I. tanned leather is increasing constantly.

Carbon Black: Flat trend to continue
AFTER a price revision towards the end of the calendar year 2000, the carbon black producers have seen a flat trend realisation in the recent months.

Gold surges on fund buying
DESPITE a neutral Bank of England 20 tonne auction on Tuesday, gold last week experienced a massive surge and found buying support to break above $270 an ounce. But later in the week on Friday, after trading quietly in Europe on softer euros and lease ra tes, prices blasted through the key resistance level of $275/oz. London PM fix on May 18 was $273/oz, an increase of 1.5 per cent week-on-week.


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