News Archives for Markets - 2021-04-14

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Commodities

Russia's Rusal to upgrade technology for 35pc of smelter capacity to cut emissions

The new cells will have the same total annual production capacity - of 1.4 million tonnes of aluminium. These four smelters in total produced 2.7 million tonnes of aluminium in 2020, or 71% of the company's output.
The 10-year project will start this year, and investments, which the Hong Kong-listed Rusal is yet to disclose, will peak in 2022-2027.

Published 14 Apr, 2021 08:41pm

Commodities

Wheat up 7-9 cents, soy up 6-9 cents, corn up 5-8 cents

CBOT wheat gained overnight, boosted by strength in corn and soybeans as concerns over dryness in Europe and US spring wheat planting regions continue to provide support.
CBOT's most-active wheat contract climbed above its 100-day moving average overnight, nearing its 50-day moving average of $6.40.

Published 14 Apr, 2021 06:19pm

Commodities

Gold holds steady as equities rally offsets softer dollar

US dollar index eases.
US CPI gains by the most in over 8-1/2 years in March.
Not many triggers to move gold much either way – analyst.

Published 14 Apr, 2021 06:13pm

Commodities

Raw sugar hits three-week high as inflation fears subside

May raw sugar rose 1.8% to 15.71 cents per lb
May white sugar, which expires on Thursday, rose 1.8% to $432 a tonne.
May arabica coffee rose 0.6% to $1.3080 per lb, having hit its highest since mid-March on Tuesday.

Published 14 Apr, 2021 05:01pm

Commodities

Palm unchanged on anticipation of higher production and exports

Output recovering after 6 months of decline
Container shortage hampers exports – broker

Published 14 Apr, 2021 04:58pm

Commodities

Supply angst propels aluminium to multi-year high

Benchmark aluminium on the London Metal Exchange (LME) was up 1% at $2,315 a tonne.
Aluminium, which is used in transport, packaging and construction, earlier touched its highest since June 2018 at $2,323.50 to stand more than 15% up from the start of this year.

Published 14 Apr, 2021 04:51pm

Commodities

Jordan tenders to buy 120,000 tonnes feed barley

The deadline for submission of price offers is April 21.

Published 14 Apr, 2021 02:35pm

Commodities

Shanghai aluminium near 10-year high on Chinese supply fear

Three-month aluminium on the London Metal Exchange rose 0.4% to $2,303 a tonne, having hit $2,313.50 a tonne, its highest since June 2018, earlier in the session.

Published 14 Apr, 2021 12:35pm

Commodities

German Q1 2021 cocoa grind down 8.1pc on year

Grindings continued to fall because of the impact of the coronavirus crisis, the association said.

Published 14 Apr, 2021 12:33pm

Commodities

Palm reverses early gains on higher output, container shortage

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

Published 14 Apr, 2021 12:12pm

Commodities

CBOT soybeans may test resistance at $14.04-1/2

On the daily chart, the contract found a similar support at $13.76-3/4, around which, a spinning top formed on Tuesday.

Published 14 Apr, 2021 12:10pm

Commodities

Palm oil neutral in 3,659-3,761 ringgit range

On the daily chart, a high-low bottom is developing.

Published 14 Apr, 2021 11:47am

Commodities

Gold gains ground in New York trade

• Platinum, palladium climb NEW YORK: Gold prices bounced off a more than one-week low on Tuesday after data...