Markets - Commodities
Wednesday, 26 October 2011 11:35
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SEOUL: South Korea has issued a tender to buy 3,000 tonnes of copper of London Metal Exchange (LME) registered brands with a purity of more than 99.99 percent for shipment by Jan. 10, 2012 to the port of Incheon, the state-run Public Procurement Service said.
Copyright Reuters, 2011
TOKYO: Japan's output of rolled copper product fell to 70,092 tonnes in September on a seasonally adjusted basis, down 6.8 percent from a year earlier, preliminary data showed on Wednesday.
The figure represents a 0.7 percent decrease from August, the Japan Copper and Brass Association said.
Copyright Reuters, 2011 
SINGAPORE: Spot iron ore prices slumped more than 7 percent in the deepest decline ever for the steelmaking raw material on thin demand from top importer China, where slower growth has dented steel consumption, with offers seen falling further on Wednesday.
Iron ore has lost nearly 30 percent since early September when falling steel prices in China suggested slowing demand from the construction sector, which was behind the surge in steel production to a record pace ...
NEW YORK: Cotton futures settled higher Tuesday on investor short-covering as the market climbed for the third straight session after sinking last week to a 14-month low, analysts said.
The key December cotton contract on ICE Futures US rose 1.74 cents to end at 99.68 cents per lb, dealing from 97.57 to $1.0063.
Last Thursday, the contract fell by almost 3 percent to end at 96.86 cents in the lowest settlement for the spot contract since September ...
NEW YORK: Gold on Tuesday jumped its most in nearly two months on safe-haven buying by investors wary of Europe's nagging debt crisis, while US crude extended its run above $90, further cutting its discount to London's Brent on tight supplies.
Financial markets were broadly lower as the cancellation of an European finance ministers' meeting cast doubts over plans to tackle the region's deepening debt crisis.
Data showing US consumers at their gloomiest in 2-1/2 years also ...
ROTTERDAM: Soymeal prices on the European meals and feeds market firmed slightly on Tuesday following Monday's stronger CBOT soymeal -futures and because of a weak dollar, market sources said.
"Asking prices did not go up all that much and with a cheaper dollar buyers were finally covering nearby needs after staying sidelined for days," one broker said.
South American soymeal was offered between unchanged and $2 a tonne up from Monday following the firmer close on Monday ...
NEW YORK/LONDON: A surprisingly strong two-day copper rally ground to a halt on Tuesday as fresh doubts set in about Europe's ability to find a solution to its debt crisis by a Wednesday summit.
A summit of European leaders remains scheduled for Wednesday, but the gathering of finance ministers -- known as Ecofin -- was canceled because details of the meeting had not been finalized, sources told Reuters.
There was no sign of a deal in negotiations ...More Articles...
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