News Archives for Markets - 2021-03-04

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Commodities

Prices steady in most hubs, Bangladesh mulls another import duty cut

Vietnamese Jan-Feb exports likely down 31.4% y-o-y.
Prices unchanged in India despite volatile rupee.

Updated 04 Mar, 2021 09:53pm

Commodities

Gold ekes out gains as markets await Powell speech

Powell to address WSJ conference at 1705 GMT.
US weekly jobless claims rise less than expected.
Gold fell to its lowest since June 2020 on Wednesday.

Updated 04 Mar, 2021 09:52pm

Commodities

Nickel collapse triggers slide across industrial metals

Benchmark copper on the London Metal Exchange (LME), which hit a 10-year high of $9,617 a tonne last week, was on track for its worst day since October as it lost 4.2% to $8,720.
Nickel, meanwhile, tumbled for a second day. Having reached a seven-year high of $20,110 last week, it traded at $16,175 a tonne, down 7.1% and set for its biggest one-day loss since 2016.

Updated 04 Mar, 2021 09:51pm

Commodities

Gold rises as easing bond yields offset firm dollar

Powell's comments at virtual Jobs Summit awaited.
US Senate delays debate on $1.9 trillion stimulus bill.
Spot gold was up 0.5% at $1,719.67 per ounce.

Published 04 Mar, 2021 07:37pm

Commodities

Mild winter dramatically improves condition of Russian winter grains

The portion of winter grain sowings in poor condition was at a 7-year high of about 22% in early December as farmers in one of the world's largest wheat exporters planted in dry soil.
"One can breathe freely now. The situation has significantly improved," he said, adding that it was rare for winter to improve, rather than worsen, the condition of the grain crop in Russia.

Published 04 Mar, 2021 05:51pm

Commodities

Egypt's GASC receives offers in soyoil, sunflower oil tender

The lowest offer for 10,000 tonnes of sunflower oil also sought by the state agency was estimated to be $1,554 a tonne c&f, submitted by trading house Viterra and also seeking immediate payment.
Offers are still being considered and results are expected later on Thursday. The oils are both sought for May 1-15 arrival in Egypt.

Published 04 Mar, 2021 05:46pm

Commodities

South Korea's MFG tenders for up to 140,000 tonnes corn

The MFG also asked traders for offers for a second 70,000 tonne consignment for arrival around July 30 sourced from only two origins, either from South America June 1-20 or from South Africa between June 11 and June 30.

Published 04 Mar, 2021 02:14pm

Commodities

Asia Coffee-Vietnam prices track London prices lower

Meanwhile, data released by local trade office earlier this week showed that in February, Lampung province exported 2,675 tonnes of robusta beans, down 83% from a year earlier.

Published 04 Mar, 2021 02:12pm

Commodities

NY coffee may test support at $1.3125

Resistance is at $1.3345, a break above which could lead to a gain to $1.3610.

Published 04 Mar, 2021 02:00pm

Commodities

Some Japanese buyers agree Q2 aluminium premium at $148-$149/T

The figures are higher than the $130 a tonne premiums paid this quarter and mark a third consecutive quarterly increase.

Published 04 Mar, 2021 01:52pm

Commodities

Taiwan buys 100,410 tonnes wheat of US-origin in tender

The second consignment has an additional freight charge of $41.95 per tonne for shipping from the US Pacific Northwest coast, they said.

Published 04 Mar, 2021 01:50pm

Commodities

US Cash Grains-Corn, soy bids hold steady as farmers book small sales

Dealers reported a light wave of country movement.

Published 04 Mar, 2021 10:30am

Commodities

Soybeans firm as inclement South American weather stokes supply woes

The most active wheat futures were up 0.5% at $6.59-1/2 a bushel, after closing down 1.5% on Wednesday.

Published 04 Mar, 2021 10:28am

Commodities

Soybeans firm 0.5% as Brazil rains stoke supply fears

Rain are delaying Brazil's harvest.

Published 04 Mar, 2021 10:26am

Commodities

US oil may retest support at $60.58

However, the uptrend will not be confiremd until oil breaks $63.81.

Published 04 Mar, 2021 10:13am

Commodities

Palm oil may bounce into 3,713-3,752 ringgit range before falling

The wedge will be confirmed when the contract falls below 3,581 ringgit.

Published 04 Mar, 2021 10:12am

Commodities

Pakistan Mercantile Exchange - PMEX

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