01222017Sun
Last update: Sun, 22 Jan 2017 03pm

Asia

Markets - Commodities - Asia

Palm falls on weaker soyoil, year-end profit taking KUALA LUMPUR: Malaysian palm oil futures eased on Thursday, dipping after two sessions of gains on year-end profit-taking and in line with declines in rival soyoil.The tropical oil had risen to its highest in a week-and-a-half on Wednesday, supported by a rebound in exports and tight market supplies.Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange were down 0.7 percent at 3,106 ringgit ($693) a tonne at the end of the trading day.Traded volumes stood at 43,089 lots of 25 tonnes each in a day."Towards the year-end there is some profit-taking after book closures. Furthermore soy oil is also not supportive," said a futures trader in Kuala Lumpur."However, the tightness is still there, production is down, so the market is still on the upside moving forward."Output in Malaysia, the world's second-largest producer, declines seasonally in the last quarter of the year. It alsodrops at the year-end ...

Markets - Commodities - Asia

Gold prices rise by most in a month as US dollar declines BENGALURU: Gold prices rose to their highest in two weeks on Thursday, as the US dollar fell, but gains were limited on expectations of more rate hikes by the US Federal Reserve next year.Spot gold was up 0.5 percent at $1,147.56 an ounce by 0631 GMT, after reaching its highest since Dec. 14. at $1,149.84 earlier in the session.The metal was also on track for its biggest one-day rise since Nov. 28.US gold futures were ...

Markets - Commodities - Asia

Copper stages late reversal to trade up SYDNEY: Shanghai copper futures followed the London contract higher in late Asian trading on Thursday, reversing earlier losses as speculators built up positions ahead of the end of the year.Three-month copper on the London Metal Exchange was up 0.27 percent to $5,560 a tonne by 0700 GMT, following modest gains in the previous session.The most-traded copper contract on the Shanghai Futures Exchange settled 0.61 percent higher at 45,810 yuan ($6,587) a tonne."We saw the market ...

Markets - Commodities - Asia

Tokyo rubber futures rise on short-covering, dollar weakness SINGAPORE: Benchmark TOCOM rubber futures rose almost 2 percent on Thursday, recouping last session's losses as investors covered short positions and as a weaker dollar buoyed the market.The Tokyo Commodity Exchange rubber contract for June delivery closed 1.8 percent higher at 261 yen per kg. It finished down 0.3 percent in the previous session.The most-active rubber contract on the Shanghai futures exchange for May delivery gained 1.9 percent at 18,315 yuan per tonne."U.S. dollar is ...

Markets - Commodities - Asia

Gold prices extend gains in technical rebound BENGALURU: Gold prices rose on Wednesday, extending gains after it hit a near two-week high in the previous session, on a technically-driven rebound in thin volume amid a slightly weaker dollar.Spot gold was up half a percent at $1,143.98 an ounce by 0636 GMT. Gold hit its strongest since Dec. 14 on Tuesday at $1,148.98.US gold futures also rose 0.5 percent at $1,144.50 per ounce."Currently we do not see many strong fundamental reasons to push ...

Markets - Commodities - Asia

Soybean futures firm after weekly loss; Argentine rains miss key area SINGAPORE/PARIS: Chicago soybean futures rose on Tuesday after suffering deep losses last week, with the market underpinned by concerns over poor rainfall affecting Argentina's key crop areas.Wheat jumped 1.3 percent on expectations of strong demand from India, where two years of lower output has depleted stockpiles."Grains and soybeans have opened higher as it is mainly short-covering after the Christmas holiday break," said Kaname Gokon at brokerage Okato Shoji in Tokyo."The drought in Argentina is becoming ...

Markets - Commodities - Asia

Palm soars 2pc on better exports, stronger soy KUALA LUMPUR: Malaysian palm oil gained 2.06 percent by the end of Tuesday's first-half session, buoyed by data showing a slower decline in exports and improved sentiment for rival oils on Dalian and CBOT.Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange rose to 3,123 ringgit ($697.72) per tonne.Last week, the contract logged a 3.2 percent decline, the biggest loss in four weeks.Traded volumes were thin with 12,489 lots of 25 ...