Commodities - Markets - Business Recorder

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Markets - Commodities - 2021-01-13

Commodities

Corn extends rally to highest since 2013; soy falls on profit taking

Soybean futures eased on profit taking after hitting their highest in 6-1/2 years, while wheat steadied as the market digested potential changes to Russian export policy.
The USDA's seemingly unending cuts to US G&O (grain and oilseed) supplies continued this month, and with soybean and corn stores particularly bare.

Published 13 Jan, 2021 09:06pm

Commodities

Jordan buys 60,000 tonnes wheat in tender

It was bought from trading house Cerealcom Dolj at $269.20 a tonne c&f for shipment in the first half August 2021.
Two other trading houses participated in the tender, CHS which offered $277.97 a tonne c&f and Ameropa which offered $284.93 a tonne c&f.

Published 13 Jan, 2021 08:22pm

Commodities

Raw sugar futures rise, cocoa and coffee also climb

March raw sugar was up 0.14 cents, or 0.9%, at 15.60 cents per lb.
March New York cocoa was up $25, or 1%, at $2,523 a tonne.
March arabica coffee rose 1.2 cents, or 1%, to $1.2260 per lb.

Published 13 Jan, 2021 08:05pm

Commodities

Gold eases as dollar ticks higher; markets eye stimulus details

Spot gold was down 0.1% to $1,854.40 per ounce.
The risk is to the downside for gold. Concerns about inflation expectations and a firmer dollar have acted as a little bit of an anchor on the gold price.

Published 13 Jan, 2021 07:50pm

Commodities

Copper supported by low inventory and demand prospects

Benchmark copper on the London Metal Exchange (LME) traded little changed at $7,970.5 a tonne in official rings.
2021 will be a year of reflation, higher growth and strong demand for metals.

Published 13 Jan, 2021 07:28pm

Commodities

Gold-backed ETFs end record 2020 with second month of outflows

Gold is traditionally used as a safe store of wealth, and investors rushed to hoard it as the pandemic swept through the global economy.
ETFs grew their holdings by 876 tonnes in 2020 - equivalent to around a quarter of the annual output of the world's gold mines.

Published 13 Jan, 2021 07:26pm

Commodities

FranceAgriMer puts 2020/21 wheat exports outside EU-27 at 7.3mn tonnes

FranceAgriMer this month adjusted its calculation of export and import data to consider Britain as a non-EU country.
Demand from China remained very strong both for soft wheat and barley, Marion Duval, deputy head of FranceAgriMer's grain unit.

Published 13 Jan, 2021 07:15pm

Commodities

Russia's gold production down 6pc y/y to 288.98 tonne in Jan-Oct

The country also produced 796.11 tonnes of silver during the first ten months of the year.
The 813.20 tonnes produced over the same period in 2019.

Published 13 Jan, 2021 07:13pm

Commodities

Palm closes at two-week low on sluggish January demand

Palm extends two-day decline.
Malaysia maintains Feb CPO export duty at 8%.
Fresh lockdowns in Malaysia may reduce domestic palm use-broker.

Published 13 Jan, 2021 06:49pm

Commodities

Russia considers barley and corn export tax

The taxes are being considered for the period between Feb. 1 and March 31, 2021.

Published 13 Jan, 2021 06:03pm

Commodities

Gold eases as dollar ticks higher; markets eye stimulus details

US Fed's Beige Book due at 1900 GMT.
Fed officials expect US economy rebound on vaccinations.

Published 13 Jan, 2021 05:59pm

Commodities

Ivory Coast faces 100,000-tonne cocoa bean pile-up as demand slows

"Since December they stopped and don't pay anymore," said Philippe Ipou Kouadio, a village chief who farms 40 hectares in Soubre region.

Published 13 Jan, 2021 12:43pm

Commodities

Brazil coffee crop seen falling 23% in 2021

Ricardo Tavares, the holding's president, expects international coffee prices to rise in 2021 due to the smaller Brazilian supply.

Published 13 Jan, 2021 12:38pm

Commodities

Argentine agriculture ministry says it lifts corn export limit

"These meetings allow us to continue advancing in making private interests compatible with the need of the state to guarantee essential goods throughout the national territory," the ministry's statement said.

Published 13 Jan, 2021 11:54am

Commodities

GRAINS: Futures jump to multi-year highs after USDA cuts supply outlook

Argentina said on Tuesday it lifted a 30,000-tonne-per-day limit recently placed on corn exports, which had caused farmers to go on a sales strike in protest.

Published 13 Jan, 2021 10:33am

Commodities

Palm oil may test resistance at 3,757 ringgit

The correction triggered by the resistance at 3,883 ringgit was driven by a wave 4, which may have ended around 3,679 ringgit, as suggested by its three-wave structure and the bounce from the Tuesday low of 3,690 riniggit.

Published 13 Jan, 2021 10:25am

Commodities

Shanghai stainless steel gains amid firm demand, high raw material prices

Spot prices of iron ore with 62% iron content for delivery to China rose by $0.5 to $171.5 per tonne on Tuesday, according to SteelHome consultancy.

Published 13 Jan, 2021 10:19am

Commodities

Palm gains 1% as US cuts soybean supply forecast

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 39 ringgit.

Published 13 Jan, 2021 10:15am

Commodities

Gold rises as rally in US dollar, Treasury yields hits brakes

Spot gold rose 0.2% to $1,858.56 per ounce by 0255 GMT, while US gold futures gained 0.9% to $1,860.10.

Published 13 Jan, 2021 10:13am

Commodities

Nickel prices rise on supply concerns in New Caledonia, Philippines

French mining group Eramet warned that its nickel subsidiary SLN in the world's fourth-largest nickel producer New Caledonia risked going into liquidation within weeks if protests continued to disrupt its operations.

Published 13 Jan, 2021 09:56am

Commodities

Spot gold may retreat towards $1,833

The fall from $1,959.01 is so deep that it is classified as a continuation of the preceding downtrend from the Aug. 7, 2020 high of $2,072.50.

Published 13 Jan, 2021 09:46am

Commodities

Indonesia to import 2.6mn tonnes of soybeans this year

The imports will be used to support tofu and tempeh production, he said.

Published 13 Jan, 2021 09:41am

Commodities

Indonesia to import 646,944 tonnes of white sugar in Q1

It will import 323,472 tonnes of white sugar in February and the same amount in March.

Published 13 Jan, 2021 09:16am

Commodities

Palm oil falls over 2pc

KUALA LUMPUR: Malaysian palm oil futures ended 2.5% lower on Tuesday, hitting a one-week low on concerns of weak...

Published 13 Jan, 2021 02:55am

Commodities

US MIDDAY: Gold slips

NEW YORK: Gold eased on Tuesday in choppy trading that earlier saw it climb as much as 1% as a surge in US Treasury...

Updated 13 Jan, 2021 04:18am

Commodities

Nickel prices boosted by Philippines ban for mining island

JOHANNESBURG: Nickel prices jumped on Tuesday after major producer the Philippines ordered a halt on mining on an...

Updated 13 Jan, 2021 04:18am

Commodities

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

Published 13 Jan, 2021 02:55am

Commodities

Gold rebounds in Europe

LONDON: Gold gained about 1% on Tuesday, bouncing off a one-month low touched in the last session, as focus returned...

Updated 13 Jan, 2021 04:18am

Commodities

CBOT soyabean futures fall on better rains

CHICAGO: Chicago Board of Trade soyabean futures fell on Monday as better-than-expected rains soaked crops in South...

Updated 13 Jan, 2021 04:18am

Bullion Rate

Gold moves up in Asia

SINGAPORE: Gold rose on Tuesday, rebounding from a near six-week low touched in the previous session, as stocks...

Updated 13 Jan, 2021 03:30am

Commodities

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 8.366 ...

Published 13 Jan, 2021 02:55am

Commodities

Gold slips as U.S. yields gain upper hand again

Gold is generally considered a hedge against the inflation and currency debasement that can result from widespread stimulus.

Published 13 Jan, 2021 12:24am

Gainers
Losers
Leaders

Stock	Price
B.R.R. Mod. (R) / Jan 22 B.R.R. Guardian Modaraba (R)(BRRR)	3.79 ▲ 1.06 (35.84%)
Colony Textile / Jan 22 Colony Textile Mills Limited(CTM)	6.46 ▲ 1.18 (14.74%)
First AL-Noor Mod. / Jan 22 First Al-Noor Modaraba(FANM)	3.59 ▲ 0.34 (10.46%)
Hala Enterpries / Jan 22 Hala Enterprises Limited(HAEL)	10.60 ▲ 1.11 (10.42%)
Saritow Sp. / Jan 22 Saritow Spinning Mills Limited(SSML)	11.00 ▲ 1.20 (10.00%)
Summit Bank / Jan 22 Summit Bank Limited(SMBL)	1.89 ▲ 0.17 (9.25%)
Cyan Ltd / Jan 22 Cyan Limited(CYAN)	50.48 ▲ 3.52 (7.50%)
Fazal Cloth / Jan 22 Fazal Cloth Mills Limited(FZCM)	198.76 ▲ 13.86 (7.50%)
Kohat Tex. / Jan 22 Kohat Textile Mills Limited(KOHTM)	17.20 ▲ 1.80 (7.50%)
Bawany Air / Jan 22 Bawany Air Products Limited(BAPL)	20.96 ▲ 1.46 (7.49%)

Stock	Price
Premier Ins. / Jan 22 Premier Insurance Limited(PINL)	5.00 ▼ 0.74 (-8.93%)
Al-Mali / Jan 22 Modaraba Al-Mali(MODAM)	4.80 ▼ 0.37 (-8.22%)
Habib Metro Mod / Jan 22 Habib Metro Modaraba(HMM)	7.50 ▼ 0.65 (-7.98%)
PICIC Insurance / Jan 22 PICIC Insurance Limited(PIL)	1.35 ▼ 0.11 (-7.53%)
AL-Noor Sugar / Jan 22 Al-Noor Sugar Mills Limited(ALNRS)	55.50 ▼ 4.50 (-7.50%)
Altern Energy / Jan 22 Altern Energy Limited(ALTN)	27.71 ▼ 2.24 (-7.48%)
Aisha Steel(ConPS) / Jan 22 Aisha Steel(ConPS)(ASLPS)	27.80 ▼ 2.20 (-7.33%)
SILKBANK / Jan 22 Silkbank Limited(SILK)	1.20 ▼ 0.12 (-6.98%)
Ahmad Hassan / Jan 22 Ahmad Hassan Textile Mills Limited(AHTM)	45.54 ▼ 3.40 (-6.95%)
Shaheen Ins. / Jan 22 Shaheen Insurance Company Limited(SHNI)	4.84 ▼ 0.34 (-6.92%)

Stock	Volume
K-Electric Ltd / Jan 22 K-Electric Limited(KEL)	143,822,500 ▼ 0.34
Hum Network / Jan 22 Hum Network Limited(HUMNL)	43,378,000 ▼ 0.73
SILKBANK / Jan 22 Silkbank Limited(SILK)	42,706,000 ▼ 0.12
Unity Foods / Jan 22 Unity Foods Limited(UNITY)	41,064,248 ▼ 1.85
Pak Int.Bulk Ter / Jan 22 Pakistan International Bulk Terminal Limited(PIBTL)	31,430,000 ▼ 0.64
Power Cement / Jan 22 Power Cement Limited(POWER)	28,183,000 ▼ 0.53
Fauji Foods / Jan 22 Fauji Foods Limited(FFL)	23,037,500 ▼ 0.70
TRG Pak. / Jan 22 TRG Pakistan Limited(TRG)	21,702,000 ▼ 2.31
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	21,122,000 ▼ 0.97
Jahangir Sid. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	20,470,500 ▼ 2.08

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 21	160.55
USD PKR Interbank Buying / Jan 21	160.45
USD to Japanese Yen / Jan 21	103.54
USD to Swiss Franc / Jan 21	0.89
Pound Sterling to USD / Jan 21	1.37
Euro to USD / Jan 21	1.21

Stock	Volume
S&P 500 / Jan 21	3851.85
India Sensex / Jan 21	49792.12
Tokyo Nikkei / Jan 21	28523.26
Nasdaq / Jan 21	13457.25
Hang Seng / Jan 21	29962.47
FTSE 100 / Jan 21	6740.39
Dow Jones / Jan 21	31188.38
Germany DAX 30 / Jan 21	13921.37
France CAC40 / Jan 21	5628.44

Indicator	Value
UK LIBOR % / Jan 21	0.09

Corn extends rally to highest since 2013; soy falls on profit taking

Jordan buys 60,000 tonnes wheat in tender

Raw sugar futures rise, cocoa and coffee also climb

Gold eases as dollar ticks higher; markets eye stimulus details

Copper supported by low inventory and demand prospects

Gold-backed ETFs end record 2020 with second month of outflows

FranceAgriMer puts 2020/21 wheat exports outside EU-27 at 7.3mn tonnes

Russia's gold production down 6pc y/y to 288.98 tonne in Jan-Oct

Palm closes at two-week low on sluggish January demand

Russia considers barley and corn export tax

Gold eases as dollar ticks higher; markets eye stimulus details

Ivory Coast faces 100,000-tonne cocoa bean pile-up as demand slows

Brazil coffee crop seen falling 23% in 2021

Argentine agriculture ministry says it lifts corn export limit

GRAINS: Futures jump to multi-year highs after USDA cuts supply outlook

Palm oil may test resistance at 3,757 ringgit

Shanghai stainless steel gains amid firm demand, high raw material prices

Palm gains 1% as US cuts soybean supply forecast

Gold rises as rally in US dollar, Treasury yields hits brakes

Nickel prices rise on supply concerns in New Caledonia, Philippines

Spot gold may retreat towards $1,833

Indonesia to import 2.6mn tonnes of soybeans this year

Indonesia to import 646,944 tonnes of white sugar in Q1

Palm oil falls over 2pc

US MIDDAY: Gold slips

Nickel prices boosted by Philippines ban for mining island

Pakistan Mercantile Exchange - PMEX

Gold rebounds in Europe

CBOT soyabean futures fall on better rains

Gold moves up in Asia

PMEX daily trading report

Gold slips as U.S. yields gain upper hand again

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