News Archives for Markets - 2021-04-15

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Commodities

Bullish sentiment propels copper to six-week high

Benchmark three-month copper on the London Metal Exchange (LME) was up 1.2% at $9,180.5 a tonne in official trading, after touching a six-week high of $9,211.
Copper is used in electric cabling, construction and, increasingly, in electric vehicles and wind turbines. This has triggered a wave of bets for soaring demand and elevated prices.

Published 15 Apr, 2021 08:21pm

Commodities

Gold firms on softer dollar, yields; all eyes on US data

US jobless claims, March retail sales data due at 1230 GMT.
Dollar slips to four-week low.
Palladium hits highest since March 18.

Published 15 Apr, 2021 07:54pm

Commodities

Raw sugar hits highest in nearly a month

May raw sugar rose 0.4% to 15.92 cents per lb .
May arabica coffee fell 0.9% to $1.3095 per lb, having hit its highest since mid-March in the previous session.

Published 15 Apr, 2021 07:51pm

Commodities

Egypt has sugar reserves for more than 6 months

The country has reached a level of self-sufficiency in sugar production that is close to 90% for the first time, the statement added.

Published 15 Apr, 2021 07:31pm

Commodities

Japan futures rise 2pc after BoJ signals economic recovery

Osaka Exchange's rubber contract for September delivery finished up 4.8 yen, or 2.1%, at 236.9 yen per kg.
The rubber contract on the Shanghai futures exchange for September delivery rose 1.4% to finish at 13,730 yuan per tonne.

Published 15 Apr, 2021 04:38pm

Commodities

Philippines tenders for around 380,000 tonnes of wheat

A separate tender from importers in the Philippines for 165,000 tonnes of feed wheat closes on Thursday.

Published 15 Apr, 2021 01:15pm

Commodities

Palm rises for third day on improving exports, higher soyoil

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

Published 15 Apr, 2021 12:06pm

Commodities

Supply woes in China, Russia fuel aluminium prices to multi-year highs

Russia is a major aluminium producer and a US sanction in 2018 had pushed LME aluminium prices to a seven-year high.

Published 15 Apr, 2021 12:05pm

Commodities

CBOT corn may rise into $6.00-1/4 to $6.07 range

The zigzagging mode indicates either a temporary top around $6.06 or an early stage of a strong rally. The $6.06-1/2 level will be pivotal in evaluating the next direction.

Published 15 Apr, 2021 11:56am

Commodities

Algeria bought about 200,000 tonnes durum wheat in tender

Two to three handysized bulk carrier shipments were bought in the high $350 levels at around $358 a tonne c&f.

Published 15 Apr, 2021 11:53am

Commodities

Asia Coffee-Vietnam prices rise as tight Brazil output lifts supply woes

Meanwhile, in Indonesia, supplies have started to build up amid a mini harvest there.

Published 15 Apr, 2021 11:51am

Commodities

Palm oil may rise into 3,844-3,926 ringgit range

On the daily chart, a high-low bottom may have completed, as the contract stabilized around a support at 3,659 ringgit.

Published 15 Apr, 2021 11:30am

Commodities

CBOT soybeans may test resistance at $14.20-1/2

Based on the readings on the hourly chart, the contract may edge up into the range of $14.33-1/2 to $14.54-3/4 first.

Published 15 Apr, 2021 11:28am

Commodities

Too early to call frost damage on grains but concern grows

PARIS: It is too early to estimate the impact on grain crops from a severe frost that has hit France but there is...