News Archives for Markets - 2021-03-19

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Commodities

TCP said to pass in 50,000 tonnes white sugar tender

Two offers were reported in the tender which closed on Tuesday.
Pakistan has issued a series of sugar tenders in recent months to cool local prices.

Published 19 Mar, 2021 10:04pm

Commodities

Copper loses ground as US-China meeting fuels caution

Markets are also unsettled after a rapid rise in US bond yields turned investors cautious, taking some heat from rallies in equities, oil and industrial metals.
Benchmark copper on the London Metal Exchange (LME), which reached a decade high of $9,617 a tonne last month, was at $9,017.50 in official trading, down 0.4% for the day and around 0.7% for the week.

Published 19 Mar, 2021 09:55pm

Commodities

Gold eases as dollar, US Treasury yields rise

Palladium heads for best week since early November.
Gold up more than 0.5% this week.
Platinum drops to one-week low.

Published 19 Mar, 2021 09:26pm

Commodities

Raw sugar hits 1-1/2 month low; coffee, cocoa also weaken

May raw sugar fell 1.1% to 15.70 cents per lb.
May arabica coffee fell 0.5% to $1.2950 per lb, having slid 2.7% on Thursday.

Published 19 Mar, 2021 06:43pm

Commodities

Copper loses ground as fiery US-China meeting fuels caution

Markets are also unsettled after a rapid rise in US bond yields turned investors cautious, taking some heat from rallies in equities, oil and industrial metals.
Copper inventories in the LME system rose by 12,300 tonnes to 104,950 tonnes and Shanghai Futures Exchange stocks by 15,578 tonnes to 187,372 tonnes in the week to Friday.

Published 19 Mar, 2021 06:27pm

Commodities

Gold firms on dollar and US bond yield retreat

US bond yields dip from 14-month highs.
Palladium heads for best week since early November.
Gold up more than 0.8% this week.

Published 19 Mar, 2021 06:20pm

Commodities

Higher prices stall demand in India; activity dim elsewhere

China premiums at $7-$9/oz versus $8-$10 last week.
Jewellers reducing purchases due to COVID-19 curb fears- Mumbai-based dealer.
- Investors selling their bars this week- Tokyo-based retailer.

Published 19 Mar, 2021 06:17pm

Commodities

Soybeans and corn steadies while wheat weakness remains

Soybeans consolidate after Thursday rout in oil and oilseeds.
South America weather still in focus.
Corn also steadies as China demand watched.
Wheat eases again on improving crop conditions.

Published 19 Mar, 2021 06:15pm

Commodities

South Korean mills bought about 50,000 tonnes Australian wheat

The wheat was for July arrival in South Korea.

Published 19 Mar, 2021 03:16pm

Commodities

ASIA RICE-India, Vietnam rates gain on robust demand; Bangladesh eyes stocks

Thailand's benchmark 5% broken rice prices eased to $505-$513 per tonne on Thursday, from last week's $505-$515.

Published 19 Mar, 2021 12:07pm

Commodities

Indonesia estimates 2021 coal output at 591mn tonnes

Coal exports, meanwhile, are estimated to reach 408 million tonnes this year, slightly lower than the government's initial target of 412.5 million tonnes, the data showed.

Published 19 Mar, 2021 11:56am

Commodities

Palm slides to two-week low on higher supply outlook

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 19 Mar, 2021 11:28am

Commodities

Copper falls as dollar firms on higher US yields

"The yields rising indeed brought more demand for the US dollar...(but) the Fed meeting was actually very bullish for value or cyclical assets," said a Singapore-based metal trader.

Published 19 Mar, 2021 11:19am

Commodities

Corn, soy slump in broad-based commodities selloff, led by crude oil

Grain markets have been under pressure this week as crop weather improved in South America following recent dryness in Argentina and excessive rains in key parts of Brazil.

Published 19 Mar, 2021 10:12am

Commodities

Soybeans set for second weekly loss on Argentine rains

Consultancy Strategie Grains on Thursday lowered its monthly forecast of soft wheat exports from the European Union and Britain in the 2020/21 season by 900,000 tonnes to 25.2 million to take account of a drop in demand, notably from China.

Published 19 Mar, 2021 10:08am

Commodities

Sovecon ups its forecast for Russia’s 2021 wheat crop

MOSCOW: Russian Sovecon agriculture consultancy said on Wednesday that it had raised its forecast for Russia’s ...