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Markets - Commodities

Thursday, January 23, 2020

Palm oil surges three percent
Commodities

Palm oil surges three percent

Malaysian palm oil futures reversed early losses to end 3% higher on Wednesday after an industry body forecast a bigger-than-expected drop in output and on hopes that India would reduce duties on imports of the vegetable oil.
Published 23 Jan, 2020 12:00am
Gold slips, palladium gains in Europe
Commodities

Gold slips, palladium gains in Europe

Gold eased slightly on Wednesday as risk sentiment recovered and the dollar held firm, but expectations of dovish monetary policy from global central banks capped bullion's losses and kept prices above the $1,550 an ounce level.
Published 23 Jan, 2020 12:00am
Copper falls to near three-week low
Commodities

Copper falls to near three-week low

Copper fell to a near three-week low on Wednesday as the rising death toll from the Wuhan virus outbreak deepened concerns over potential damage to economic growth and metals demand.
Published 23 Jan, 2020 12:00am
UK 'confident' of British Steel's Chinese rescue
Commodities

UK 'confident' of British Steel's Chinese rescue

Britain's government on Wednesday said it expected a Chinese takeover of bankrupt British Steel to "complete in the coming weeks" despite a report that London was exploring alternatives. Chinese industrial giant Jingye Group in November agreed to buy Brit
Published 23 Jan, 2020 12:00am
China's steel futures slip on cloudy demand
Commodities

China's steel futures slip on cloudy demand

Steel futures in China slipped on Tuesday, after four straight sessions of gains, as cloudy demand prospects and concerns over the potential economic fallout from an outbreak of a new flu-like virus in the country weighed on prices.
Published 23 Jan, 2020 12:00am
Brazil harvests just 1.8 percent of soyabean area
Commodities

Brazil harvests just 1.8 percent of soyabean area

Brazil's soyabean farmers have harvested only 1.8% of the soyabean area so far this season, agribusiness consultancy AgRural said on Monday, reducing the ideal window for planting of the country's second corn that is sowed after the oilseed is collected.
Published 23 Jan, 2020 12:00am
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