08292016Mon
Last update: Mon, 29 Aug 2016 01am

Asia

Markets - Commodities - Asia

TOCOM snaps 4-day losing streak on short-covering TOKYO: Benchmark Tokyo rubber futures climbed on Friday, snapping a 4-day losing streak and recovering from a 1-1/2-month low as investors unwound short positions ahead of the weekend, but the contract marked its second weekly loss amid lacklustre trade.The Tokyo Commodity Exchange (TOCOM) new rubber contract for February delivery JRUc6, ended at 150.6 yen ($1.50) per kg, up 1.1 yen, or 0.7 percent, from its opening price of 149.5 yen.For the week, the benchmark, which hit its lowest since July 11 of 148.6 yen on Thursday, posted a 4.1 percent decline.The International Tripartite Rubber Council (ITRC), a grouping of Indonesia, Thailand and Malaysia, will trim exports by an additional 85,000 tonnes from September to December this year, an Indonesian rubber industry official said on Thursday."The market reacted poorly to the news due to lack of investors' interest in the TOCOM trade," a Tokyo-based dealer said."The TOCOM needs to attract more ...

Markets - Commodities - Asia

Vietnam's Aug coffee exports soar 51pc y/y to 140,000 T HANOI: Vietnam, the world's top robusta producer, will export an estimated 140,000 tonnes (2.33 million 60-kg bags) of coffee in August, up 51.2 percent from the same month last year, the government said on Friday, more than the market expected.The August shipments will bring coffee exports so far in the 2015/2016 crop year - which ends next month - to 1.6 million tonnes, up 33.3 percent from the same period in the previous season, the ...

Markets - Commodities - Asia

Palm falls for second day, tracking rival oils KUALA LUMPUR: Malaysian palm oil futures posted a second straight session of losses on Friday, pulled down by weaker-performing rival oils, and charted a weekly loss following three weeks of gains.Soybean futures on the Chicago Board of Trade are down on forecasts for above-average crop yields in the United States. Palm prices are impacted by soy as they compete for a share in the global oilseeds market.Benchmark palm oil futures for November on the Bursa ...

Markets - Commodities - Asia

TOCOM hits 1-1/2-mth low as exports target cut disappoints market TOKYO: Benchmark Tokyo rubber futures fell to a 1-1/2-month low on Thursday, extending losses into a fourth straight session, pressured by sliding oil prices and disappointing target of export cuts set by Asia's top three producing countries.Oil prices tumbled on Wednesday, with U.S. crude settling about 3 percent lower, after an unexpectedly large inventory build in the world's biggest oil consumer renewed worries about oversupply.The International Tripartite Rubber Council (ITRC), a grouping of Indonesia, Thailand ...

Markets - Commodities - Asia

Palm in line for weekly decline, tracking weaker oils KUALA LUMPUR: Malaysian palm oil futures recorded their first session of declines in three on Thursday, weighed down by weaker related vegetable oils, despite strong cargo surveyor export data for August.Benchmark palm oil futures for November on the Bursa Malaysia Derivatives Exchange fell 1.5 percent to 2,561 ringgit ($639) per tonne at the close of trade, its sharpest drop since August 18.Palm is in line for its first week of losses after seeing gains for ...

Markets - Commodities - Asia

Soybeans fall for 3rd day, US crop tour finds impressive yields SINGAPORE: Chicago soybean futures slid for a third consecutive session on Thursday to their lowest since mid-August, coming under pressure as a widely watched crop tour reported bumper crop prospects across the US Midwest.Corn dropped for a fourth session in a row, although losses were limited by strong demand, while wheat rose from a one-week low touched on Wednesday.The Chicago Board of Trade most-active soybean contract was down 0.7 percent at $9.98-1/4 by 1105 GMT, ...

Markets - Commodities - Asia

Dalian iron ore drops from two-year high on China liquidity concerns MANILA: Iron ore futures in China tumbled nearly 5 percent on Thursday, down from a two-year high in the previous session, as investors spurned higher risk commodity assets after the government took steps to manage liquidity in the country.Worries that China may no longer be keen on easing monetary policy as it heads off signs of growing risks in its financial and banking system dampened sentiment toward commodities and equities, traders said.China took aggressive steps ...