News Archives for Markets - 2021-02-02

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Commodities

Paris wheat steadies after French sale to Egypt

A fall in the euro to its lowest in around two months against the dollar also brightened European export prospects.

Published 02 Feb, 2021 11:15pm

Commodities

Cotton prices rise as U.S. stimulus hopes lift mood

Global stock markets surged for a second day on Tuesday, spurred by hopes around more U.S. stimulus and swift economic recovery.

Published 02 Feb, 2021 11:13pm

Commodities

French wheat offered lowest at Egypt's GASC tender

GASC is seeking an unspecified quantity of wheat for shipment March 15-30,
Russia's export tax has blunted the automatic price lead of Russian wheat but not pushed it out of the market. France is back in the picture ...

Published 02 Feb, 2021 07:13pm

Commodities

Mali gold production hits fresh high in 2020

Mali's total gold output for the year was estimated at 71.2 tonnes including an additional 6 tonnes of gold produced by artisanal miners.
The West African country is one of Africa's biggest gold producers with about 13 mines operated by multinational companies including Barrick Gold , B2Gold and Resolute Mining.

Published 02 Feb, 2021 06:42pm

Commodities

White sugar hits highest in nearly four years, raws gain

March white sugar rose 0.4% to $466.50 a tonne.
March arabica coffee fell 0.3% to $1.25 per lb.
March New York cocoa rose 0.9% to $2,570 a tonne.

Published 02 Feb, 2021 06:40pm

Commodities

Copper heads towards six-week low as China holiday looms

Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $7,739 a tonne.
The Chinese holiday is a time when manufacturing and demand typically slow for a few weeks.

Published 02 Feb, 2021 05:44pm

Commodities

Silver slides from 8-year peak as retail frenzy fizzles out

CME raises Comex 5000 Silver Futures margins by 17.9%.
US commodities regulator monitoring silver markets activity.

Updated 02 Feb, 2021 08:12pm

Commodities

Arabica prices seen rising by end-2021 as deficit looms

Arabica prices will end 2021 at $1.35 per pound, up 7.7% from Monday's close (Feb.1) and 5.3% above levels seen at the end of 2020, based on the median forecast of survey participants.
Top producer Brazil enters an off-year in its biennial crop cycle in the upcoming 2021/22 season.

Published 02 Feb, 2021 05:19pm

Commodities

One billion ounces of silver traded in London on Monday as prices surged

The LBMA said that amount -- worth nearly $30 billion at current prices -- was just shy of the highest turnover recorded in data going back to 2018.

Published 02 Feb, 2021 05:12pm

Commodities

Honduran coffee exports fall 18% in January as pandemic hits demand

The Central American nation exported 590,481 60-kg bags in January, compared with 718,886 in the same month last year, according to preliminary data from IHCAFE.

Published 02 Feb, 2021 02:20pm

Commodities

No cocoa bean exports from Indonesia's Lampung in Jan

The local trade office often revises shipment figures as more data becomes available.

Published 02 Feb, 2021 01:36pm

Commodities

London copper rises on US stimulus hopes

Copper is also often used as a gauge of global economic health.

Published 02 Feb, 2021 01:19pm

Commodities

Iron ore hits near 2-month low on weak China pre-holiday demand

As iron ore demand dips, portside inventory in China rose for a third straight week to 126.20 million tonnes as of Jan. 29, SteelHome data showed.

Published 02 Feb, 2021 01:05pm

Commodities

Corn falls for first time in 7 sessions; hovers near 2013 high

The most active wheat futures were little changed at $6.50-1/2 a bushel, having closed down 1.8% on Monday.

Published 02 Feb, 2021 01:03pm

Commodities

CBOT soybeans may retest resistance at $13.83

A break below $13.50-1/2 will not only cause a fall to $13.30-1/2, but also signals an extension of the downtrend from $14.35-3/4.

Published 02 Feb, 2021 12:10pm

Commodities

Palm oil falls nearly 2% on weak Jan exports, higher Indian tax

The contract rose 6% last week, snapping two consecutive weeks of losses after top producer Indonesia set higher tariffs on crude palm oil.

Published 02 Feb, 2021 10:10am

Commodities

Palm oil may test resistance at 3,524 ringgit

Despite its strength, the current rise may end in a wide range of 3,524-3,716 ringgit, as the fall from 3,888 ringgit adoped a five-wave mode, which suggests the second round of drop.

Published 02 Feb, 2021 10:07am

Commodities

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 22.929...