News Archives for Markets - 2021-03-03

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Commodities

Gold slides 1.5pc as rising bond yields, dollar dim appeal

US Senate to debate $1.9 trillion stimulus package this week.
Silver, platinum slip more than 2%.
Gold fell to its lowest since June 15 on Tuesday.

Published 03 Mar, 2021 09:02pm

Commodities

CBOT Trends - Wheat, corn down 5-10 cents; soy down 9-12 cents

Benchmark CBOT May soft red winter wheat hit technical resistance overnight at its five-day moving average. Support was noted at its 20-day moving average.
Corn seen lower in profit-taking setback after rising 1.3% on Tuesday.

Published 03 Mar, 2021 07:41pm

Commodities

Global coffee exports dip 3.4pc in January, but rise in first four months of season

The intergovernmental organisation said exports in the first four months, which totalled 41.9 million bags versus 40.9 million, rose primarily thanks to a 21.9% surge in shipments from top producer Brazil.
Exports from most other regions fell, giving mass mechanised producer Brazil increased market share.

Published 03 Mar, 2021 07:04pm

Commodities

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

Participants were believed to be CHS, Viterra and Bulgarian trading house Buildcom.
No purchase has yet been made and results are expected later on Wednesday, traders said.

Published 03 Mar, 2021 06:31pm

Commodities

Aluminium gains on concern about Chinese supply

Three-month aluminium on the London Metal Exchange was up 0.3% at $2,219 a tonne.
Decarbonisation and moving to the carbon neutral target will be a key focus at the two sessions in Beijing this week so that's why aluminium and steel would be in the spotlight because they are energy intensive industries.

Published 03 Mar, 2021 06:00pm

Commodities

Global copper smelting edges lower in February due to Chinese holiday

The large decline in Chinese smelter activity was well anticipated due to the holiday period and should recover fairly quickly.
If the improvements seen in most regions continue through March, combined with a resumption in Chinese activity, the next month could be the first time in many months where activity level trends are aligned across all major regions.

Published 03 Mar, 2021 05:57pm

Commodities

Arabica coffee steadies near recent highs, London cocoa gains

May arabica coffee rose 0.5% to $1.3445 per lb.
May London cocoa rose 0.7% to 1,813 pounds per tonne, having hit a three-month high earlier.
May raw sugar fell 0.5% to 16.35 cents per lb.

Published 03 Mar, 2021 05:55pm

Commodities

Palm ends three-day loss tracking soyoil, rising stocks outlook weigh

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed up 37 ringgit, or 1.02%, at 3,679 ringgit ($908.62) a tonne.
CGS-CIMB pegged crude palm oil output at 1.13 million tonnes, little changed from the previous month.

Published 03 Mar, 2021 05:52pm

Commodities

Rio Tinto chairman resigns over Aboriginal site destruction

The site was considered sacred by the Puutu Kunti Kurrama and Pinikura (PKKP) people of Western Australia.

Published 03 Mar, 2021 11:29am

Commodities

China steel rebar soars to nearly 10-year high on output cut concerns

Prices of steelmaking raw materials also gained.

Published 03 Mar, 2021 10:42am

Commodities

Shanghai aluminium jumps on supply concerns in China

Three-month aluminium on the London Metal Exchange rose 0.3% to $2,217.50 a tonne by 0318 GMT. The contract jumped 3.9% in the previous session.

Published 03 Mar, 2021 10:25am

Commodities

Soybeans ease after rally, South American supply concerns limit losses

Australian wheat output is on course to hit a record 33.34 million tonnes this year after La Nina soaked the east coast.

Published 03 Mar, 2021 10:21am

Commodities

Palm oil still targets 3,466-3,545 ringgit range

A break above 3,698 ringgit could open the way towards 3,856 ringgit.

Published 03 Mar, 2021 10:03am

Commodities

Pakistan Mercantile Exchange - PMEX

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