Chemicals
Hit by cheaper imports
Domestic soda ash prices may come under pressure on account of cheaper imports. The decision by the Government to reduce the import duty on soda ash is likely to have a negative impact on domestic prices in the near term.

Commodities
Leather trade hit by port stir
THE number of transactions in the leather market declined last weak owing to financial crunch arising out of the impact of the 15-day-long strike at the Chennai port. The strike has since been called off but during the strike, the exporters could not neg otiate their bills as their consignments could not get through and most of them struggled to meet even their weekly expenses - both at the tanneries and factories.

Price spikes keep gold rates firm
AMID thin volatile trading, gold prices last week witnessed wide fluctuations, but continued to remain firm. After reaching a 15-month high of $297.75 an ounce early in the week, prices eased back on lack of follow through buying. Later, the upwardly mob ile market faced a sharp downturn on account of conflicting reports. Gold closed at $276.25/oz on Friday (London PM fix), up 1.2 per cent week-on-week.

Page One | Index | Home