News Archives for Markets - 2021-02-03

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Commodities

Copper rebounds on short-covering and receding China concerns

Investors are expecting China to cool credit growth and scale back fiscal stimulus this year to help to stabilise debt.
The market has been trying to come to terms with that cash squeeze we saw in China last week.

Published 03 Feb, 2021 09:09pm

Commodities

China copper demand climbs, moves centre stage

Copper market to see deficit in H2 2021 – Citi.
Global copper consumption to jump 6% in 2021 -BoA Securities.

Published 03 Feb, 2021 07:11pm

Commodities

Egypt's GASC receives offers in vegetable oils tender

GASC also received a lowest offer of $1,325.50 per tonne for 12,000 tonnes of sunflower, traders added.

Published 03 Feb, 2021 07:06pm

Commodities

Freeport, Tsingshan finalising $2.8bn copper smelter deal

The smelters will produce copper pipes and wires of which output can be worth $10 billion or more.
If this goes according to plan, because the nickel plant would already have been running, by 2023 we would be able to produce lithium batteries.

Published 03 Feb, 2021 06:46pm

Commodities

White sugar futures ease, cocoa also weakens

March white sugar ??fell $1.60, or 0.35%, to $462 a tonne.
March arabica coffee rose 0.2 cents, or 0.2%, to $1.2360 per lb.
March New York cocoa was down $62, or 2.4%, at $2,537 a tonne.

Updated 03 Feb, 2021 06:25pm

Commodities

Benchmark EU carbon price hits record high 37.56 euros/tonne

The EU emissions trading system (ETS) is part of the 27-country bloc's efforts to reduce the greenhouse gas emissions that cause climate change.
Prices have been rising since the EU agreed last year to toughen its climate targets, a move which will increase demand for permits.

Published 03 Feb, 2021 05:40pm

Commodities

Copper rebounds on short covering, hopes on China liquidity

Investors are expecting China to cool credit growth and scale back fiscal stimulus this year to help stabilise debt.
The market has been trying to come to terms with that cash squeeze we saw in China last week but there are some signs now that the squeeze has eased.

Published 03 Feb, 2021 05:34pm

Commodities

Jordan gets at least 3 participants in 120,000 tonne wheat tender

Participants were believed to be Cerealcom Dolj, Ameropa and Nibulon, they said.
No purchase has yet been made and results are expected later on Wednesday, traders said.

Published 03 Feb, 2021 05:16pm

Commodities

Mexican corn imports to dip 9% this year, government forecasts

The bulk of Mexico's corn imports come from the United States, its top trade partner. In the year through November, Mexico had imported 13 million tonnes from the United States.

Published 03 Feb, 2021 12:52pm

Commodities

Palm oil tumbles 3% tracking weaker Dalian, soyoil

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange slid 102 ringgit, or 3%, to 3,289 ringgit a tonne during early trade.

Published 03 Feb, 2021 12:12pm

Commodities

Shanghai copper hits 8-week low on demand woes ahead of China holiday

China will celebrate its Lunar New Year holiday during Feb. 11-17, when metals demand usually dip as business activities slow.

Published 03 Feb, 2021 12:07pm

Commodities

China iron ore futures fall as Brazil supply prospects brighten

Spot iron ore traded at $150 a tonne on Tuesday, the lowest since Dec. 9, SteelHome consultancy data showed.

Published 03 Feb, 2021 11:56am

Commodities

Indonesia to import 80,000 tonnes of water buffalo meat, no rice this year

The last time Indonesia imported rice was in 2018.

Published 03 Feb, 2021 11:01am

Commodities

Palm oil may fall to 3,322 ringgit

8 The next support will be at 3,322 ringgit, a break below which could cause a fall to 3,260 ringgit.

Published 03 Feb, 2021 10:52am

Commodities

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 12.788...