News Archives for Markets - 2021-06-22

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Commodities

Copper rises from 10-week low ahead of Fed testimony

Benchmark copper on the London Metal Exchange (LME) reached a record high of $10,747.50 a tonne in May but fell 8.6pc last week and touched a low of $9,011 a tonne on Monday.

Published 22 Jun, 2021 11:08pm

Commodities

Cotton futures gain on crop damage concerns from rains

The one-to-five day forecast calls for heavy rains in the delta throughout this week, which can drown the crop and make it difficult to plant more, Brown said.

Published 22 Jun, 2021 11:00pm

Commodities

Copersucar sugar sales rise 28.5pc to 5.4mn tonnes in 2020/21 harvest

Its sugar exports were 3.4 million tonnes compared to 1.9 million tonnes in the previous harvest, Copersucar said in a statement.
Copersucar said net sales were 38.7 billion reais from the 2020/21 harvest, up from 30.1 billion reais in the previous season.

Published 22 Jun, 2021 06:42pm

Commodities

Copper edges higher ahead of Fed chair's testimony

Benchmark copper on the London Metal Exchange (LME) reached a record high of $10,747.50 a tonne in May but fell 8.6% last week and touched a low of $9,011 a tonne on Monday.

Published 22 Jun, 2021 06:17pm

Commodities

Raw sugar prices weaken as July discount widens

July raw sugar fell by 0.14 cent, or 0.8%, to 16.64 cents per lb.
September arabica coffee rose by 0.45 cent, or 0.3%, to $1.5450 per lb, edging further from a one-month low of $1.4905 set on Monday.

Published 22 Jun, 2021 05:30pm

Commodities

Gold stalls for policy clues from Fed's Powell

SPDR Gold Trust holdings fell 0.3% on Monday.
Powell testimony before Congress due at 1800 GMT.

Published 22 Jun, 2021 05:22pm

Commodities

Russia may supply up to 1mn tonnes of wheat to Algeria in new season

Russia, one of the world's largest wheat exporters, sent 28,000 tonnes of wheat to Algeria - the first such shipment in more than four years - earlier this week.
Traders are also waiting to see how the Russian cargo will be accepted by Algeria.

Published 22 Jun, 2021 05:01pm

Commodities

Palm erases early gains to end flat on Indonesia's export levy change

Market concerned over rise in output –traders.
Indonesia's new levy structure weighs.
Malaysia surpasses Indonesia as India's top palm supplier.

Published 22 Jun, 2021 04:56pm

Commodities

Wheat pares gains after hitting highest in a week on US crop report

USDA says 27% of wheat crops in good-to-excellent shape.
Corn, soybeans drop, rains provide some relief.

Updated 22 Jun, 2021 04:44pm

Commodities

China iron ore futures plunge on regulator's price monitoring plan

Hot-rolled coils, used in the manufacturing sector, fell 2.4% to 5,153 yuan per tonne.

Updated 22 Jun, 2021 12:20pm

Commodities

Palm jumps 3% on boost to Chinese import margins from recent weak prices

Top producer Indonesia on Monday announced that it would change the levy structure for palm oil exports

Published 22 Jun, 2021 10:50am

Commodities

Wheat jumps 1.5% to hit 8-day high on USDA crop report

Corn firms, drawing support from wheat, while soybeans were little changed.

Published 22 Jun, 2021 10:45am

Commodities

Copper rises as dollar weakens ahead of Fed chief testimony

The dollar has gained sharply since the Fed last week flagged sooner-than-expected interest rate hikes

Published 22 Jun, 2021 09:35am

Commodities

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 16.628...