& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Crude falls below $17 while metals gain ground
LONDON, Jan 11: Anticipation of a resumption of Iraqi exports saw North Sea crude fall below 17 dollar /barrel this week for the first time since the end of the Gulf war, reports AFP
The market was expecting a meeting between the UN and Iraq to reach a compromise on partial resumption of Iraqi sales to fund purchase of basic necessities. The meeting had been scheduled to finish Thursday evening but was extended for one day.
In contrast, precious metals all gained ground at the end of the week after a depressed start. Platinum was lifted by a strike at South African producer Jmpala, which has been affected by a ^ies^of labour disputes since
In softs, sugar traders continued to await the outcome of negotiations between Russia and Cuba on new trading arrangements. Russia was reported to be willing to supply Cuba with oil in exchange for a million tonnes of raw sugar.
Gold: Firmer after hesitant start. Gold eased slightly at the beginning of the week, reacting to the announcement the previous Friday by the Interfax news agency that the Russian government was going to authorities exploitation under licence of its gold' mines.
Commenting on this development, tradehouse GNI said the potential Implications were’ comparable to the Californian gold rush of the 19th century or, more recently, big increases in production in Australia. China and Brazil.
Platinum: Easier, then recovery. The market was supported at the end of the week by news of a strike at Impala, South Africa's second- biggest platinum producer, which stopped production at Bafokcng North Mine and one of the company's processing plants.
Silver: Recovery after hesitant start. After a hesitant start, silver registered a strong recovery in the wake to the other precious metals.
Copper: Easier, then recovery. Three-month copper fell to its lowest point since May 1988, under pressure from the build-up in LME stocks, which reached a new seven -year high. Prices then recovered to previous levels on short-covering and in reaction lo fears of a strike at Chilean state-owned miner Codelco. Miners were reported to be ready to strike over moves towards Joint ventures with private companies — viewed by unions as a form of backdoor privatisation.
Lead: Easier. Threc-month lead moved lower in the first half of the week, following In the wake of copper, before partially recovering towards the weekend. In a review of prospects for base metals over the next five years, specialist research group Metals and Minerals Research Services ( MMRS) said prices should recover strongly as new smelter capacity fails to keep pace with Increasing consumption. The year 1992 , however, would be difficult because of the overhang of supplies from the former Soviet Union.
LME stocks fell 350 tonnes to 126,000 tonnes.
Zinc:: Steady. Zinc prices fluctuated in a fairly narrow range in feature less trading. MMRS warned that while other base metals faced a difficult 1992 followed by a period of recovery, the zinc market had developed a serious structural surplus," which could lake years to redress.
LME stocks rose 3,225 tonnes to 157,275 tonnes.
Tin : Easier. Tin drifted slightly lower over the week In lackluster trading. According to MMRS, moves In the last year to erode the overhang of stocks and to cut produc tion mean the metal should begin to recover this year .
By the middle of the decade, the price of tin. in real terms, in forecast to have doubled as producers fall to match expansion in demand with new capacity.
LME stocks of tin rose 305 tonnes to 13.975 tonnes.
Aluminium: Firmer. Aluminium prices moved higher in what traders said was a purely technical rally. Tradehouse GNI described the market as "bottoming out" but added that the metal's longer-term prospects we^e good. MMRS forecast that cancellation of planned new smelters In reaction to current weak prices would create a supply shortfall by the middle of the decade.
LME stocks of aluminium rose 17,100 tonnes to 1,026,050 tonnes, a new record high for any base metal.
Nickel: Firmer. Rumours that major producer Falcon Bridge was planning extra production cutbacks at its Dominican Republic operations sparked a rally which lifted threc-month metal nearly 200 dollar per tonne. Gains were partially eroded by the end of the week as no firm news emerged.
LME stocks of the metal rose 1,686 tonnes to 13,536 tonnes. '
Coffee: Firmer. Prices, which fell to a threc-month low at the beginning of the year, rose strongly In a technical rally prompted by lower tenders against the January contract. Traders said the market's trend could be quickly reversed.
Sugar: Quiet. Prices moved in a narrow range, awaiting results of negotiations between Cuba and Russia on new trading arrangement. German statistician FO Licht slightly downgraded its forecast of world sugar production in 1991-92 to 113.1 million tonnes (mt) from 114.06 mt. Last season's harvest was estimated at 113.76 mt. The market had been expecting a larger fall, so the forecast failed to bring any support to prices.
Vegetable Oils : Firmer. Vegetable oils progressed in the wake of coconut oil, which reached its highest level for three and a half years. The rise was due to forecasts of a further fall in the Filipino harvest this year, after a shhrp drop in 1991 due to drought and the eruption of Mount Plnatubo.
Palm Oil was supported by rumours that India had bought 12,000 tonnes, while rape seed oil gained ground after an Economist Intelligence Unit ( EIU) forecast of a fall In production in 1992 and 1093.
Petroleum : Easier Brent Crude, the benchmark for North Sea ’ petroleum output, fell below the 17 dollar /barrel mark for the first time since the end of the Gulf War in February, on anticipation of a resumption of Iraqi sales.
Rubber : Steady. Prices in sterithg benefited from the strong rise of the dollar at the end of the week , while in the Far East prices were supported by poor weather. The Ivory Coast , a major rubber exporter. rejoined the International Natural Rubber Organisation, a body which includes five major producing countries, 20 consumer countries and the EC.
Grains : Eascr. Wheat and barley futures lost ground in London. In Chicago the market found support in mid-week from hopes of a resumption of U S exports to Yemen and Egypt and from the possibility of drought during the year In the Mid west. But absence of buying by the Commonwealth of Independent States ( CIS) concerned operators.
Tea : Slightly easier. Prices tended to weaken at the first auction of the year. In India, prices have fallen sharply on domestic markets following the ending of Soviet buying in December .
Cotton: Easier after firm start. The Liverpool market failed to hold on to Initial gains as activity priced up slowly after the holiday period. Traders expect the U S Department of Agriculture to lower its estimate of the 1991 harvest to 17.45-17.9 million bales, against 18 million estimated In December.