01192017Thu
Last update: Thu, 19 Jan 2017 05am

Markets - Commodities

Markets - Commodities - Asia

Bangladesh tea prices steady on demand for good grade  DHAKA: Tea prices in Bangladesh were largely flat at the weekly auction on Tuesday on strong demand for good varieties after a steep drop in prices in the previous auction.Bangladeshi tea fetched an average of 178.36 taka ($2.50) per kg at the auction, compared with 178.56 taka in the previous sale.Competition for bright liquoring varieties aided the sale, the National Brokers said in a market report.About 35.7 percent of the 3 million kg offered at the sole auction centre in Chittagong was unsold.In the previous auction, about 53 percent of the 3.4 million kg on offer remained unsold.Bangladesh's tea production in 2016 is expected to have risen to a record 80 million kg from 66 million a year earlier, the commerce minister said this week, output that may be big enough to make imports unnecessary.From a net exporter, Bangladesh has now become a net importer of tea due to rise ...

Markets - Commodities - Asia

Gold prices firm as dollar slips from 14-year high BENGALURU: Gold rose on Wednesday to reverse earlier losses, with the US dollar edging away from 14-year highs touched the day before.Spot gold was up 0.4 percent at $1,135.83 an ounce by 0621 GMT. It fell 0.6 percent in the previous session.US gold futures were also 0.4-percent higher, at $1,138.10 per ounce."We are seeing quite a lot of volatility. It is driven by the direction of the US dollar. (Gold) is just marking time before ...

Markets - Commodities - Asia

London copper eases further from 1-month low on demand hopes MELBOURNE: London copper on Wednesday climbed further away from a one-month low hit earlier in the week, with investors betting that stronger U.S. and China economies next year would bolster demand for industrial metals.Chinese metal exports fell in November, with its copper shipments at the lowest since January and its aluminium exports declining by 15 percent from a year ago, customs data showed on Wednesday."Looking ahead, weak seasonality towards year-end (e.g. market quietness and wait ...

Markets - Commodities - Asia

Palm falls on weak Dalian, lower exports KUALA LUMPUR: Malaysian palm oil futures fell nearly 1 percent on Tuesday, undoing most of last week's gains, as rival oils fell and poor export data spooked the market.Benchmark palm oil futures for March delivery slid 0.92 percent on the Bursa Malaysia Derivatives Exchange to 3,113 ringgit ($695.18) a tonne in the first-half of the session.Traded volumes stood at 20,042 lots of 25 tonnes each."Market is under pressure from the sharp fall on Dalian," a ...

Markets - Commodities - Asia

Gold eases as Germany, Turkey killings fail to prompt safe-haven buying BENGALURU: Gold fell on Tuesday after deadly incidents in Germany and Turkey failed to spur safe-haven buying, with markets focused on the possibility of further US interest rate hikes next year.The Russian ambassador to Turkey was shot in the back and killed as he gave a speech at an Ankara art gallery on Monday by an off-duty police officer.Later, a truck ploughed into a crowded Christmas market in central Berlin, killing 12 people and injuring ...

Markets - Commodities - Asia

Copper holds above 1-month low on prospects of brighter 2017 MELBOURNE: London copper steadied on Tuesday from a near one-month low hit in the previous session as investors bought on dips, aided by prospects of a tighter market and rising inflation next year.Three-month copper on the London Metal Exchange was little changed at $5,490 a tonne by 0711 GMT, down 0.1 percent, following a 2.5 percent loss in the previous session, when it hit its weakest since Nov. 21 at $5,459 a tonne.Prices have slipped ...

Markets - Commodities - Americas

CBOT Trends-Soy down 9-10 cts, corn down 1-2 cts, wheat up 1-3 cts CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Monday. WHEAT - Up 1 to 3 cents per bushel Wheat firm on short-covering, led by gains in K.C. hard red winter wheat, amid bitter cold that could harm dormant wheat plants in US Plains and Midwest growing regions. * Twenty percent of US HRW ...