02102016Wed
Last update: Wed, 10 Feb 2016 08pm

Asia

Markets - Commodities - Asia

China govt has not yet decided on tin stockpiling -Yunnan Tin HONG KONG: Major tin producers in China and the industry body, China Nonferrous Metals Industry Association, are still asking the government to stockpile the metal and so far there has been no decision, a spokesman of the biggest producer Yunnan Tin Co Ltd said on Monday.Last month, nine producers proposed the government boost state stockpiling of tin, saying prices had fallen too far to reflect industry fundamentals.Copyright Reuters, 2016 ...

Markets - Commodities - Asia

Gold extends gains as China stocks slip on weak PMI MANILA: Gold advanced at the start of the month on Monday, extending gains after ending January with its biggest monthly jump in a year, as poor Chinese manufacturing numbers underlined the weak outlook for the global economy.China's stocks fell after an official measure of manufacturing in the world's No. 2 economy hit its lowest since mid-2012.Inflows into the world's largest gold-backed exchange-traded fund were the strongest in a year last month as investors moved into ...

Markets - Commodities - Asia

Indian sugar mills lined up to sell 1 mn tonnes: trade body DUBAI: Indian sugar mills have been contracted to sell one million tonnes of sugar in the 2015/2016 season and another million tonnes are expected to be lined up, the president of an industry body said on Monday."One million tonnes have been contracted and another one million tonnes will be contracted," Tarun Sawhney, President of the Indian Sugar Mills Association told a conference in Dubai.Sawhney also said domestic sugar production would reach 26 million tonnes in ...

Markets - Commodities - Asia

Gold extends gains as China stocks slip on weak PMI MANILA: Gold advanced at the start of the month on Monday, extending gains after ending January with its biggest monthly jump in a year, as poor Chinese manufacturing numbers underlined the weak outlook for the global economy. China's stocks fell after an official measure of manufacturing in the world's No. 2 economy hit its lowest since mid-2012.Inflows into the world's largest gold-backed exchange-traded fund were the strongest in a year last month as investors moved ...

Markets - Commodities - Asia

Wheat falls for second day, market eyes Russia's export tax cuts SINGAPORE/PARIS: US wheat extended its losses on Thursday, after suffering its biggest drop in two weeks in the previous session, as Russia's plans to remove or cut export taxes hurt the market.This week, wheat hit a one-month high on talk of tighter export curbs by Russia, but Moscow later tempered the speculation saying it would discuss removing or cutting the tariff at a meeting on Jan. 29 with Deputy Prime Minister Arkady Dvorkovich, who is ...

Markets - Commodities - Asia

TOCOM slides as selloff in China equity drags TOKYO: Benchmark Tokyo rubber futures slid in thin trade on Thursday as investors sold back long positions as a sharp selloff in Chinese stock market renewed concerns about slowing demand in top buyer China.The Tokyo Commodity Exchange rubber contract for July delivery finished 1.1 yen, or 0.7 percent, lower at 157.8 yen ($1.33) per kg.China stocks slumped again on Thursday to a fresh one-year low as panic selling resumed, with Shanghai's Composite Index ending down ...

Markets - Commodities - Asia

Asia Coffee-Vietnam's sales, premiums steady HANOI: Vietnam's coffee sales were steady on ample domestic supply and demand by foreign buyers for nearby shipments, keeping premiums stable, while trading in Indonesia was curbed by limited supply, traders said on Thursday.Vietnamese farmers finished the harvest early this month and many have been selling stocks for cash ahead of Tet, the country's biggest festival to mark the Lunar New Year, this year on Feb. 8.All markets will be closed on Feb. 6-14 for ...