News Archives for Markets - 2020-12-15

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Commodities

Egypt's GASC buys 235,000 tonnes of wheat in tender

GASC said the purchase comprised 120,000 tonnes of Romanian wheat and 115,000 tonnes of Ukrainian wheat.

Published 15 Dec, 2020 08:51pm

Commodities

China data and vaccine optimism lifts copper price

Benchmark three-month copper on the London Metal Exchange (LME) added 0.3pc to $7,777 per tonne by 1210 GMT.

Published 15 Dec, 2020 07:03pm

Commodities

Bangladesh tenders to buy 50,000 tonnes wheat

New wheat purchase tenders have been issued this week by importers including Tunisia and Egypt.

Published 15 Dec, 2020 06:59pm

Commodities

Gold gains as COVID-19 cases fuel stimulus expectations

Spot gold was up 0.9pc to $1,844.10 per ounce by 1255 GMT, while U.S. gold futures rose 0.9pc to $1,848.70.

Published 15 Dec, 2020 06:43pm

Commodities

Wheat regains ground as Egypt tender keeps focus on Russian exports

Soybeans and corn edged lower as weather forecasts pointing to heavier rain next week in central Brazil easing concerns about persisting dryness in crop belts.

Published 15 Dec, 2020 06:36pm

Commodities

Traders union UGA sees Ukraine's 2020/21 corn exports falling to 24mn T

"According to various estimates, we will harvest from 28 to 30 million tonnes (of corn) and export could amount to 24 million tonnes".

Published 15 Dec, 2020 04:29pm

Commodities

Russia considering 15pc sunflower oil export tariff

Russia is also planning an export tax on wheat, as part of measures to stabilise rising domestic food prices.

Published 15 Dec, 2020 04:28pm

Commodities

Tunisia tenders to buy soft wheat, durum and barley

The origin was optional. The tender deadline is Wednesday, Dec. 16, they said.

Published 15 Dec, 2020 04:04pm

Commodities

Gold firms as US stimulus progress weighs on dollar

Investors now await policy meetings of the Fed starting on Tuesday and the Bank of England on Thursday.

Published 15 Dec, 2020 12:25pm

Commodities

Dalian iron ore edges up in choppy trade, SGX benchmark extends fall

China, the world's biggest steel producer, churned out 87.66 million tonnes of crude steel last month, down from 92.2 million tonnes in October but up from 80.29 million tonnes in November 2019.

Published 15 Dec, 2020 12:14pm

Commodities

Palm snaps three-day rally on weaker soyoil; exports rise

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 15 Dec, 2020 12:01pm

Commodities

China Nov aluminium output hits daily record high

Output was 3.18 million tonnes last month, the National Bureau of Statistics said.

Published 15 Dec, 2020 09:59am

Commodities

Australia says it will pursue all avenues on reports of China coal restrictions

The council encouraged the "Australian and Chinese governments to work together to resolve these issues and restore stability to the long-term trading relationship," she said in a statement.

Published 15 Dec, 2020 09:53am

Commodities

Indonesia targets 13mn tonnes processed coal per year by 2024

The government is encouraging coal companies to seek to add value to Indonesia's predominantly lower-rank coal by moving from selling raw coal to downstream activities, Arifin said.

Published 15 Dec, 2020 09:24am

Commodities

Chicago wheat rebounds from 3% fall on Russian export tax plan

The previous session, amid expectations of stronger demand for US supplies after leading exporter Russia moved to limit exports.

Published 15 Dec, 2020 09:18am

Commodities

South Korea's Nov coal imports fall 14.5% y/y

Total coal imports are composed of steam coal for power generation and coking coal for steel production.

Published 15 Dec, 2020 09:14am

Commodities

Egypt's GASC seeking wheat for Feb. 1-15 shipment

Tenders should reach GASC by noon (1000 GMT) on Tuesday.

Published 15 Dec, 2020 08:54am

Commodities

Gold steadies as surging COVID-19 cases offset vaccine roll-outs

Investors now await policy meetings of the US Federal Reserve starting on Tuesday and the Bank of England on Thursday.

Updated 15 Dec, 2020 08:52am

Commodities

US MIDDAY: Gold slips

NEW YORK: Gold prices slid on Monday as the rollout of a Covid-19 vaccine in the United States drove optimism in...