Category Archives: Commodity Trading

Gujarat NRE Coke Finalizes New Coal Offtake Agreement with JSPL

Posted on August 29, 2012 by Alpha Stock Trading| Leave a comment

Gujarat NRE Coking Coal Limited announced that it has finalized a further Off Take Agreement with Jindal Steel & Power Limited (JSPL) whereby JSPL would have the option to acquire an additional 200,000 tonnes of Run of Mine coal annually from the Company at a benchmark linked market price. As part of the agreement, the Company will issue and allot a further 30,000,000 fully paid ordinary shares to Jindal Steel & Power (Mauritius) Limited at $0.25 per share raising USD 7,500,000. Based on the last traded data of the GNM scrip, this placement represnts a premium of approximately 47% to the current market price. The allotment of 30 million fully paid shares to Jindal Steel & Power (Mauritius) Limited will be done under the limit available to the Company under ASX listing Rule 7.1. Continue reading →

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Posted in Commodity Trading, Indian Stock Market, Stocks To Buy

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Crude Oil Prices and Global Economic Recovery

Posted on April 3, 2012 by Alpha Stock Trading| Leave a comment

https://encrypted-tbn0.google.com/images?q=tbn:ANd9GcQcF6SzmY7PCteGfkkuZHtcvaHEZ1uryeqRr7fG_UE8cfm6PJYBMonday, 02 April 2012:  China reported positive news on their industrial production over the past weekend, which should give some positive support for global markets and commodities. The current Crude oil price of $105 is about $30 more than its 5 year futures, which indicates that crude oil prices can come down if favorable political events take place to reduce middle-east geo-political tensions, but the chances of such positive events is slim, so we will have to work with constant upward movement in crude oil prices till some event creates genuine risk to crude oil prices.

As of now, a significant amount of risk capital has moved into crude oil, because global economic growth scenario looks more likely than global recession. Meanwhile, Natural Gas prices have been hitting 8 year lows, and huge price variations from $2 per mmbtu in USA to $8 per mmbtu in India/Asia because it is not mobile like crude oil. Continue reading →

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Posted in Commodity Trading, Forex Trading, Hong Kong Stocks, Indian Stock Market, Renewable Energy Stocks, Stock Market News, US Stock Market

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Indian Economy and Capital Markets Review- 04Dec2011

Posted on December 4, 2011 by Alpha Stock Trading| Leave a comment

https://encrypted-tbn2.google.com/images?q=tbn:ANd9GcR0XvuVpmwDLPjfH3JyErrFCuMNOE0kPLXSn6YWR-_5LsJ9NluzDI7PdKEIndia’s GDP for Q2 FY12 grew at 6.9% (Bloomberg estimate: 6.8%). Core sector growth for the month of October dropped to a six year low of 0.1%. The core sector has expanded 7.2% last year (October 2010).

India’s food inflation for the week ended November 19 declined to 8%on a week-on-week basis from 9.01% for the week ended November 12 while fuel price index increased to 15.53% (15.49% last week).

Indian Prime Minister Manmohan Singh failed to break an impasse with opposition parties and his own allies demanding a rollback on FDI hike in retail sector. And as of today, this new policy has been put on hold to get agreement from opposing political parties. Continue reading →

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Posted in Commodity Trading, Indian Stock Market, Stock Market News, Stock Trading

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