News Archives for Markets - 2021-06-10

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Commodities

Gold shakes off losses to edge up after US CPI data

ECB keeps monetary policy unchanged.
US CPI rises 0.6% in May.
'Transitory' inflation may dim gold's demand, analyst says.

Published 10 Jun, 2021 08:29pm

Commodities

Copper falls on China's pledge to cool prices, low premiums

Benchmark three-month copper on the London Metal Exchange (LME) eased 1.5% to $9,834.50 per tonne in official trading.
Copper inventories climbed 2,100 tonnes to a one-month high of 131,775 tonnes.

Published 10 Jun, 2021 08:26pm

Commodities

Raw sugar futures edge higher, arabica also rises

July raw sugar rose by 0.02 cent, or 0.1%, to 17.75 cents per lb.
July arabica coffee rose by 1.25 cents, or 0.8%, to $1.5845 per lb.
September London cocoa rose by 12 pounds, or 0.75%, to 1,621 pounds a tonne.

Published 10 Jun, 2021 06:59pm

Commodities

Gold slips on dollar strength, caution ahead of US CPI data

ECB keeps policy unchanged.
Gold hits one-week low at $1,875.89/oz.

Published 10 Jun, 2021 06:22pm

Commodities

Copper falls on China's pledge to cool metals prices

Benchmark three-month copper on the London Metal Exchange (LME) eased 1.5% to $9,832 per tonne.
China is looking to release 800,000-900,000 tonnes of primary aluminium.

Published 10 Jun, 2021 06:21pm

Commodities

Palm oil falls to seven-week low on tepid June exports

Malaysia's June 1-10 exports fall 14%.
MPOB May supply and demand data below expectations.
May stocks rose only 1.49% to 1.57mn tonne–MPOB.

Published 10 Jun, 2021 05:58pm

Commodities

Wheat extends fall, corn rises ahead of USDA report

Rain forecast for US, Canadian wheat growing areas add pressure.
Corn extends gains, soybeans edge higher ahead of US report.

Published 10 Jun, 2021 04:54pm

Commodities

Tunisia gets offers in 50,000 tonne soft wheat tender

Other offers were all said to be over $300 a tonne including $304.88 and $304.98 a tonne c&f.

Published 10 Jun, 2021 04:50pm

Commodities

China eyes releasing up to 900,000 tonnes of aluminium reserves

"The stock releases could ... offset some of the shortages caused by imposed curtailments in Yunnan and Inner Mongolia."
China churned out 3.35 million tonnes of primary metal in April.

Updated 10 Jun, 2021 04:49pm

Commodities

Asia Coffee-Vietnam market quiet as beans scarce, Indonesia supply rises

London prices settled down $13, or 1%, at $1,608 per tonne on Wednesday.

Published 10 Jun, 2021 12:36pm

Commodities

Palm oil may test support at 3,738 ringgit

A break could trigger a deep drop. A duplicated channel indicates an aggressive target around 3,400 ringgit.

Published 10 Jun, 2021 11:20am

Commodities

CBOT corn may retest resistance at $7.01-3/4

Corn has failed twice to break $7.01-3/4, it is highly likely to succeed this time, as the wave (3) has a fierce character.

Published 10 Jun, 2021 11:16am

Commodities

CBOT soybeans set to retest resistance at $16.25-1/4

The third wave is ready to travel towards $16.41-3/4.

Published 10 Jun, 2021 11:13am

Commodities

Palm oil hits over 5-week low

KUALA LUMPUR: Malaysian palm oil futures dropped nearly 5% to a more than five-week low on Wednesday, dragged down ...