07302016Sat
Last update: Sat, 30 Jul 2016 07pm

Asia

Markets - Commodities - Asia

Palm oil neutral in 2,182-2,266 ringgit range SINGAPORE: Palm oil looks neutral in a range of 2,182-2,266 ringgit per tonne, and an escape could point a direction.The range is formed by the 61.8 percent and the 38.2 percent Fibonacci projection levels of a downward wave c, the third wave of a three-wave cycle from the June 7 high of 2,677 ringgit.This wave may travel to 2,044 ringgit, its 100 percent projection level, if it is extended. It could also end around 2,182 ringgit, if it is premature.Copyright Reuters, 2016 ...

Markets - Commodities - Asia

Indonesian robusta coffee loses export opportunities as supplies tighten JAKARTA: Indonesia's robusta coffee exports have slowed due to tight supplies linked to El Nino and strong domestic demand, creating opportunities for rival producer Vietnam.Indonesia is the world's third-biggest producer of robusta after Vietnam and Brazil. From January-May 2016, Indonesian coffee exports dropped 40 percent compared with the same year ago period. The decline in Indonesian exports was due to less coffee being available after a late harvest that is expected to peak this month, ...

Markets - Commodities - Asia

Asia Coffee-Rising stocks push down Indonesia premiums HANOI: Rising stocks of fresh Indonesian coffee have pushed down premiums this week, bringing them closer to Vietnamese coffee that now stands at a discount to robusta futures prices, traders said on Thursday.The harvest has gathered pace in Indonesia, the world's third-largest robusta producer after Vietnam and Brazil, after the Muslim fasting month of Ramadan ended last week, boosting supplies of the bitter beans used mainly for soluble coffee.Premiums of Indonesian robusta grade 4, 80 ...

Markets - Commodities - Asia

TOCOM ends down 0.5pc, tracking Shanghai futures TOKYO: Benchmark Tokyo rubber futures ended down 0.5 percent on Thursday, tracking weaker Shanghai futures and steep falls in oil prices overnight, but the losses were limited by a weaker yen.The Tokyo Commodity Exchange rubber contract for December delivery finished 0.8 yen lower at 156.9 yen ($1.49) per kg, after hitting a one-week high of 159.8 yen in the previous session."TOCOM traded rangebound and came under pressure from sluggish Shanghai futures," said a source with ...

Markets - Commodities - Asia

Gold eases ahead of BoE policy BENGALURU: Gold slipped on Thursday after rising nearly 1 percent in the previous session, as the dollar firmed and Asian stocks stayed near eight-month highs on expectations of an interest rate hike by the Bank of England.Investors bet the BoE will cut interest rates for the first time in more than seven years to ward off recession following Britain's vote to leave the European Union.The central bank is expected to halve its benchmark interest rate ...

Markets - Commodities - Asia

Palm oil eases on lower China palm olein NEW DELHI: Malaysian palm oil futures eased on Thursday, tracking lower Chinese palm olein and softening U.S. soyoil prices.Benchmark palm oil futures for September delivery on the Bursa Malaysia Derivatives Exchange dipped 6 ringgit to 2,216 ringgit ($560.66) a tonne by the midday break.The September contract for soybean oil, a substitute for palm oil, on the Dalian Commodity Exchange gained 0.43 percent, while the most actively traded September contract for palm olein slipped 0.24 percent."Markets ...

Markets - Commodities - Asia

TOCOM extends gains on higher risk appetite, sliding yen TOKYO: Benchmark Tokyo rubber futures extended gains for the third session and jumped more than three percent on Wednesday, to a fresh one-week high, as the yen's sharp fall and upbeat global stock markets helped bolster risk appetite, dealers said.The Tokyo Commodity Exchange (TOCOM) rubber contract for December delivery finished up 5.0 yen, or 3.3 percent, at 157.7 yen ($1.51) per kg, after hitting a high of 159.8 yen, the highest since July 6."A sharp ...