06292016Wed
Last update: Wed, 29 Jun 2016 06am

Markets - Commodities

Markets - Commodities - Europe

Russia's Mechel Q1 steel output down 6 pct, coal up 3pc y/y MOSCOW: Russian coal and steel producer Mechel said on Thursday its first-quarter steel output fell 6 percent, while coal production rose 3 percent compared with the same period a year ago. Mechel, controlled by businessman Igor Zyuzin, said steel output reached 1.0 million tonnes, while coal production was at 5.7 million tonnes. Copyright Reuters, 2016

Markets - Commodities - Europe

Arabica coffee, sugar firm; London cocoa down on stronger pound LONDON: Arabica coffee and raw sugar futures on ICE firmed in technically driven dealings on Thursday, supported by a weaker dollar, while a stronger pound weighed on London cocoa as Britons voted on whether to remain in the European Union.Upside in arabica coffee was capped by an ample harvest now under way in top grower Brazil."If you look at the Brazilian (output) numbers, they're huge, but there is a big problem on the quality side ...

Markets - Commodities - Europe

Corn slips again on rain relief, weak dollar underpins PARIS/SINGAPORE: Chicago corn fell for a fourth straight session on Thursday to a new one-month low as widespread rains across the US Midwest lifted crop prospects and dissipated recent weather concerns.Losses were limited by a weaker dollar and broad gains in commodities and equities as voting got under way in Britain's referendum on EU membership.Soybeans edged lower, curbed by the improving crop weather in the Midwest, but remained supported by brisk export demand. Grain markets ...

Markets - Commodities - Europe

Copper hits six-week high on optimism Britain will stay in EU LONDON: Copper prices rose to their highest in more than six weeks on Thursday as opinion polls indicating that Britons favour staying in the European Union boosted sentiment that was also reinforced by a weaker dollar.Benchmark copper on the London Metal Exchange (LME) gained 1.1 percent to $4,751 a tonne in official trading. It had earlier touched $4,780, its highest since May 9, on low volumes.The campaign to keep Britain in the European Union received ...

Markets - Commodities - Asia

Thailand's rice exports jump 11pc in the first half of 2016 BANGKOK: Thailand has exported about 4.71 million tonnes of rice worth 74.9 billion baht ($2.1 billion) since January, an 11.42 percent increase from the same period last year, the commerce minister said on Thursday.The government expects exports of Asia's staple food to rise in the second half of the year on strong demand from the Philippines and Indonesia, said Commerce Minister Apiradi Tantraporn. Thailand should easily meet its annual export target of 9.5 million tonnes, ...

Markets - Commodities - Middle East & Africa

Zambia expects copper output to double next year LUSAKA: Zambia's copper production will rise by 5.5 percent to 750,000 tonnes this year and output is expected to double to 1.5 million tonnes in 2017, Mines Minister Christopher Yaluma said on Thursday.Copper production in Africa's second-biggest producer stood at 711,515 tonnes in 2015."It has to do with mining companies trying to optimise their production. We will also maintain consistent mining policies," Yaluma told journalists on the sidelines of a mining conference.Zambia's frenzied royalty tax ...

Markets - Commodities - Asia

Palm draws late buying ahead of possible ringgit spike after British vote KUALA LUMPUR: Malaysian palm oil futures steadied in late trade on Thursday, recovering earlier losses as some traders bought palm before a possible spike in the ringgit if Britain votes to stay in the European Union.The ringgit and other emerging market currencies have been hit by recent volatility in global financial markets on nervousness about the economic impact if Britain votes to leave the EU in a referendum on Thursday.Final opinion polls were mostly too ...