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People who have made an entry into the commodity market would definitely at one point in time or other bump into commodity trading. Or at least, they will surely develop an interest when they see the prices of the commodities fluctuate because of the influence of the commodity prices. ShriNam Globe Commodities is a financial services group offering a wide range of services to a diversified client base, an outcome of its expertise in guiding its clients through the financial market.                                 Read more...
 
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SHRINAM GLOBE COMMODITIES 29/09/2014 Commodities Buzz: Indias Water Storage Availability 93% Compared To Last Year The total Water Storage available in 85 important reservoirs of the country as onSeptember 25, 2014 was 123.26 BCM which is 79% of total storage capacity of thesereservoirs. This storage is 93% of the storage of corresponding period of last year and105% of storage of average of last ten years. The present storage position during currentyear is less than storage position of last year but better than the average storage oflast ten years. Central Water Commission monitors live storage status of 85 importantreservoirs of the country on weekly basis. These reservoirs include 37 reservoirs havinghydropower benefit with installed capacity of more than 60 MW. The total storage capacityof these reservoirs is 155.046 BCM which is about 61% of the storage capacity of 253.388BCM which is estimated to have been created in the country.
SHRINAM GLOBE COMMODITIES 29/09/2014 Commodities Buzz: Formosa Plastics To Invest Additional $ 500 Million To Expand Steel Mill Formosa Plastics Group (FPG) said it will invest additional US$500 million on its stainless steel mill in Fujian Province of China. A source saying that FPG´s new plan of the expansion was likely motivated by China´s stronger-than-expected demand for stainless steel. The new investment is to expand their production capacity of cold-rolled stainless steel coil to 400,000 tons per year. In the meantime, the investment will broaden FGP´s product catalogue to explore the local market better. The steel complex costs some US$1.314 billion to construct in two phases, the first of which was just completed in August. Annual output of the first phase will reach 120,000 tons of hot-rolled stainless steel coils. The complexs overall output can be raised to some 900,000 tons.
SHRINAM GLOBE COMMODITIES 29/09/2014 Economic Buzz: Eurozone Economic Sentiment Drops In September Eurozone economic sentiment index dropped to 99.9, in line with forecast, from 100.6 in August, results from the European Commission showed Monday. The indicator last surpassed 100 in December 2013. The indicator mainly reflect more cautious views of consumers and retailers. survey Consumer confidence booked the fourth month-on-month decline in a row propelled by consumers increased pessimism about future unemployment, the future general economic situation and the level of future savings. The corresponding index declined to -11.4 from -10 in the prior month. The retail trade confidence index fell to -7.2 from -4.6 in August. The industry confidence indicator dipped 0.2 points to -5.5 points September.
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