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Markets - Commodities

Friday, April 17, 2020

KBP not happy with government's policy on wheat
Commodities

KBP not happy with government's policy on wheat

Criticizing the ban imposed by the provincial government on open movement of wheat, the Kissan Board Pakistan (KBP) has alleged that it will expose the growers once again to atta mafia (flour mafia).
Published 17 Apr, 2020 12:00am
China's stainless steel hits over seventh session high
Commodities

China's stainless steel hits over seventh session high

Stainless steel futures in China extended gains into a seventh session on Wednesday as restocking demand from traders rose, while raw material supply disruptions due to suspension at Philippines' nickel mines also supported prices.
Published 17 Apr, 2020 12:00am
Gold pares gains in Europe
Commodities

Gold pares gains in Europe

Gold retreated slightly after climbing as much as 1.3% earlier on Thursday, as US jobless claims fell marginally and on hopes virus-led restrictions will ease, though concerns of a global recession kept bullions' appeal intact.
Published 17 Apr, 2020 12:00am
China's March iron ore imports fall
Commodities

China's March iron ore imports fall

China's iron ore imports dipped in March, official customs data showed on Tuesday, as mills slowed output to digest record-high steel inventories after disruptions caused by the coronavirus outbreak curtailed construction and industrial activities.
Published 17 Apr, 2020 12:00am
Euronext wheat futures ease for second day
Commodities

Euronext wheat futures ease for second day

Euronext wheat eased for a second day on Wednesday in line with Chicago as wheat futures saw technical selling after a recent rally and forecasts of rain across Europe eased concerns about parched crops.
Published 17 Apr, 2020 12:00am
PSMA denies news report
Commodities

PSMA denies news report

Pakistan Sugar Mills Association - Punjab Zone takes a strong exception to the article titled "13 Mills Underreport Over 200,000 Tons of Sugar" published in press section, where the information provided by The Punjab Cane Commissioner's Office has been mi
Published 17 Apr, 2020 12:00am
Raw sugar edges away from recent lows, cocoa up
Commodities

Raw sugar edges away from recent lows, cocoa up

Raw sugar futures on ICE were higher on Thursday after a 1-1/2 year low in the prior session, boosted partly by a rebound in crude oil prices, while cocoa also edged up. May raw sugar was up 0.05 cent, or 0.5%, at 10.21 cents per lb at 1359 GMT. The front
Published 17 Apr, 2020 12:00am
Tokyo rubber falls
Commodities

Tokyo rubber falls

Tokyo Commodity Exchange (TOCOM) futures fell in light trade on Thursday, as more signs of weakening demand for automobiles and fears over a severe global recession weighed on market sentiment. TOCOM's rubber contract for September delivery finished 1.1 y
Published 17 Apr, 2020 12:00am
Palm oil ends at over six-month low
Commodities

Palm oil ends at over six-month low

Malaysian palm oil futures closed at a more than six-month low on Thursday, hurt by the country's decision to delay its biodiesel mandate, while prospects of higher output and slower exports amid coronavirus-led lockdowns also dented sentiment.
Published 17 Apr, 2020 12:00am
Copper gains
Commodities

Copper gains

Copper prices firmed on Thursday as data from China pointed to signs of gradual recovery from the novel coronavirus, but gains were capped by concerns about global growth and falling metals demand.
Published 17 Apr, 2020 12:00am
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