Asia
Monday, 17 October 2011 13:56
361
BANGKOK: Tokyo rubber futures rose 1.2 percent on Monday on the back of rising oil and share prices, but ended off a three-week high as profit taking and easing Shanghai futures capped gains.
The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery rose 3.8 yen to settle at 321.3 yen ($4.15) per kg.
It rose as much as 10.4 yen, or 3.2 percent, to 327.9 yen, the highest since September 26.
The most-active rubber contract on the Shanghai futures exchange for January delivery fell 170 yuan to finish at 28,700 yuan ($4,499) per tonne.
"Rubber sentiment was good in the early session as firmness in oil and shares lent support, but profit-taking still capped the rises," a dealer said.
Brent crude futures rose on Monday, staying above $112, on hopes European policymakers will reach an agreement to tackle the euro zone's debt crisis and help stem a slowdown in oil demand growth. ...
SHANGHAI: China's gold output rose six percent from the previous month to reach 31.89 tonnes in August, China's Ministry of Industry and Information Technology said on its website on Monday.
The total output for the first eight months of this year rose 3.87 percent from a year earlier to 226.39 tonnes, the industry ministry said.
China is the world's biggest gold producer, with output at 340.880 tonnes in 2010, up 8.6 percent from 2009.
Copyright Reuters, 2011
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SINGAPORE: Chicago soybean futures slid 0.8 percent on Monday as a forecast of higher acreage in the United States prompted investors to book profit, after last week's gains that were the highest in more than 2 years.
Corn and wheat futures were largely unchanged with support stemming from a broad-based strength in the commodity markets on perceived progress in the euro zone debt crisis and upbeat corporate earnings.
"Soybeans rose sharply last week and there could be ...
BEIJING: China's biggest offshore oil producer, CNOOC Ltd , has been hit by another oil leak in north Chinese waters, state media reported on Saturday, following a June spill at a field run with ConocoPhillips that sparked an official uproar.
The latest spill broke out near the Jingzhou 9-3 field operated by a subsidiary of CNOOC in the Liaodong Bay off northeast China, Xinhua news agency reported.
CNOOC Ltd said on its website (www.cnoocltd.com) that "the oil ...
SINGAPORE: Chicago soy fell half a percent on Friday, as the market took a breather following a four-day rally, but stayed on track for its biggest weekly gain in almost two years on dwindling stockpiles and firm cash prices.
Wheat rose 0.3 percent after sliding more than 6 percent in the last two sessions as the market was weighed down by a US government forecast of higher global and US grain supplies, while corn was unchanged.
"We ...
MUMBAI: Demand for gold exchange traded funds (ETF) in India is likely to "explode" as investors get accustomed to "click-and-park" mode of investing, shying away from sagging stock markets and as high inflation eats into bank savings, a trade body head told Reuters on Thursday.
"Clearly people are seeing convenience in the form of ETF, going through the same broker which he has for equities," said Ajay Mitra, managing director - India and the Middle ...
SINGAPORE: Malaysian palm oil futures edged down on Thursday as the market booked profits after a US report raised the outlook for grain supply that weighed on food commodities.
The US Department of Agriculture made sharply higher revision to global stocks of nearly every type of grain except or US soybeans that are usually crushed to make competing soyoil.
US soybean stockpile was forecast at 160 million bushels at the end of 2011/12, ...
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