All
 

 

Just in:  

You are here: Home»Markets»Commodities

Markets - Commodities

Archive

Glencore back to profit despite plunging commodity prices GENEVA: Mining and commodities giant Glencore was back in the black in 2014, posting a $2.3 billion net profit, but took a $1.1 billion impairment charge on dwindling commodity prices, it said Tuesday.The healthy profit comes after the Swiss company suffered an $8.0 billion loss a year earlier.However, taking into account the group's absorption of Swiss mining giant Xstrata, the Swiss company saw its results on a comparable pro forma basis slip seven percent from the year before. The merger with Xstrata and integration of Canadian company Viterra meanwhile helped boost Glencore's trade, and the company said its adjusted earnings before interest, taxes, depreciation and amortisation, swelled 18 percent to $2.8 billion.But the company took a $1.1 billion impairment charge amid plunging commodity prices, especially in the energy sector.Glencore warned last month that because of "volatile" market conditions, it aimed to slash its spending this year to $6.5-6.8 billion, down ...


China customs uncovers soybean smuggling worth $869mn BEIJING: China's Qingdao city customs uncovered last year soybean smuggling worth 5.46 billion Yuan ($869.50 million), one of the biggest such cases in the country in years, a state-run newspaper reported.The official Legal Daily, in a report published on Monday said a trading company was suspected of smuggling soybeans after customs officials assessed soy prices for potential risk, but it did not name the company involved.The case came to light after the customs unit in ...

CBOT soybeans to hover above $10.11-3/4 SINGAPORE: CBOT soybeans May contract has found a support at $10.11-3/4 per bushel, and may hover above it or rebound towards a resistance at $10.27-1/4.The support is at the 38.2 percent Fibonacci retracement on the fall from the November 12 high of $10.92-3/4 to the January 30 low of $9.61-3/4. It seems the uptrend from this low has reversed, and over a few weeks, this level could be touched again.After the sharp fall from the ...

CBOT corn neutral in $3.87-3/4 to $3.92-1/2 range SINGAPORE: CBOT May corn looks neutral in a range of $3.87-3/4 to $3.92-1/2 per bushel, and an escape will point a direction.The range has been formed by the 23.6 percent and the 14.6 percent Fibonacci projection levels of a downward wave C, the third wave of a presumed three-wave cycle that developed from the Dec. 29 high of $4.25-1/4.A break below $3.87-3/4 could cause a further loss to $3.80-1/4, the 38.2 percent projection level, while ...

Vietnam's March coffee exports seen at 90,000-110,000 tonnes HANOI: Vietnam is forecast to export 90,000 to 110,000 tonnes (1.5-1.83 million bags) of coffee in March, against an estimated 109,000 tonnes exported last month, as most farmers have been holding onto their stocks, traders said on Tuesday."After Tet sales have been slow, so the monthly volume could be low," said a trader at a foreign firm in Ho Chi Minh City, referring to Vietnam's Lunar New Year festival on Feb. 16-23.Last month Vietnam exported ...

RUBBER-TOCOM ends down 1.5pc after four-session gains TOKYO: Benchmark Tokyo rubber futures ended down 1.5 percent on Tuesday, marking their first decline in five sessions, due to profit-taking after having hit an 11-month high a day earlier.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, had been previously buoyed by China's rate cut, a weaker yen and wintering in North Sumatra, a key rubber producing region in Indonesia, which tightens supplies in Souteast Asia.The Tokyo ...

CBOT wheat to seek support at $4.97-3/4 SINGAPORE: CBOT May wheat may find a support at $4.97-3/4 per bushel and rebound to $5.02-3/4, as indicated by a Fibonacci retracement analysis.The drop from the March 2 high of $5.18-3/4 could be too sharp to sustain. A Fibonacci retracement analysis on the fall from the Feb. 17 high of $5.45 to the Feb. 26 low of $4.89-3/4 reveals the immediate support at $4.97-3/4, the 14.6 percent level.A break below this support will open the ...


 



 
Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln