01202017Fri
Last update: Fri, 20 Jan 2017 09pm

Asia

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 and see attitude by European consumers) and price consolidation will lend less support to the short-term demand picture," Argonaut Securities said in a note.Three-month copper on the London Metal Exchange had risen 0.8 percent to $5,548 a tonne by 0700 GMT, after closing little changed in the previous session. Volumes were modest, however, at less than 2,000 lots of turnover as liquidity drains away before Christmas.LME copper on Monday fell to its lowest since Nov. ...

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 - Asia

India to produce surplus sugar in 2017/18-industry body NEW DELHI: India is likely to produce surplus sugar in 2017/18 as farmers have increased cane-growing area, a leading industry body said on Monday. The world's biggest consumer of sugar is unlikely to import the sweetener in the 2016/17 marketing year that started on Oct. 1, as the country have ample carry forward stocks from the last year, Abinash Verma, director general of the Indian Sugar Mills Association told reporters on the sidelines of a ...

Markets - Commodities - Asia

Thailand exports 9.3mntrn of rice Jan to mid-Dec 2016 BANGKOK: Thailand has exported 9.3 million tonnes of rice so far this year, mostly to China and countries in Africa, the commerce ministry said on Monday, well short of the government's target for 2016.From January to Dec. 14, 2016 Thailand signed export agreements for 9.3 million tonnes of rice worth 146 million baht ($4.07 million), said Duangporn Rodphaya, chief of the ministry's foreign trade department.Early this month, Commerce Minister Apiradee Tantraporn said Thailand's rice exports ...

Markets - Commodities - Asia

Gold prices recover as US dollar slips BENGALURU: Gold edged up on Monday, extending its recovery from a 10-1/2-month low hit last week, as the US dollar slipped from a 14-year peak against a basket of currencies.Spot gold edged 0.3 percent higher to $1,137.76 an ounce by 0407 GMT. The bullion touched $1,122.35 on Thursday, its weakest since Feb. 2.Gold now appears to have found a base, however, upside will be limited as investors look to other markets for yield, ANZ said ...