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Commodities

PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 21.825...
Published 06 Mar, 2021 05:01am
Palm oil edges up
Commodities

Palm oil edges up

KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday but was unchanged for the week, underpinned by a...
Published 06 Mar, 2021 05:01am
Gold prices decline
Commodities

Gold prices decline

KARACHI: Gold prices on Friday continued to slump on the local market, traders said. The fresh fall of Rs1450 ...
Published 06 Mar, 2021 05:01am
Nickel firms but remains set for biggest weekly loss since 2011
Commodities

Nickel firms but remains set for biggest weekly loss since 2011

  • The metal is mainly used in stainless steel, but demand for battery grade nickel for electric vehicles is expected to boom in as the world moves towards a lower-carbon economy.
  • Benchmark three-month nickel edged up 1.5% to $16,379 a tonne in official trading but was still on track for a weekly loss of about 11%, its biggest since September 2011.
Published 05 Mar, 2021 09:15pm
Robusta coffee prices weaken, cocoa also down
Commodities

Robusta coffee prices weaken, cocoa also down

  • May robusta coffee was down $13, or 0.9%, at $1,393 a tonne.
  • May London cocoa fell by 13 pounds, or 0.7%, to 1,793 pounds a tonne, extending its retreat from a three-month high of 1,822 pounds set on Wednesday.
Updated 05 Mar, 2021 08:19pm
South Korea's MFG buys about 130,000 tonnes of feed wheat
Commodities

South Korea's MFG buys about 130,000 tonnes of feed wheat

  • The feed wheat was purchased in two 65,000 tonne consignments at an estimated $282.86 a tonne c&f for arrival in South Korea around Aug. 24 and at $275.14 a tonne c&f for arrival in South Korea around Sept. 24.
  • If the August arrival consignment is sourced from the US Pacific Northwest coast, Australia or Canada, shipment is sought between July 21 and Aug. 9.
Published 05 Mar, 2021 06:42pm
Platts to launch 'green' aluminium prices in April
Commodities

Platts to launch 'green' aluminium prices in April

  • The metals sector has struggled with adopting common standards for low-carbon aluminium as rival producers fight for market share among consumers who are under pressure to cut their own emissions footprints.
  • S&P Global Platts said it would start issuing daily prices for both low-carbon and zero-carbon aluminium on April 6.
Published 05 Mar, 2021 06:53pm
Pakistan believed to pass in 300,000 tonnes wheat tender
Commodities

Pakistan believed to pass in 300,000 tonnes wheat tender

  • Offers in the tender from the Trading Corporation of Pakistan (TCP) which closed on Tuesday were regarded as too high at a time when Pakistan's own grains harvest is starting, a trader said.
  • Wheat prices have risen since Russia announced grain export taxes to reduce its overseas shipments and cool Russian domestic prices.
Published 05 Mar, 2021 06:25pm
China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year
Commodities

China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year

  • Shandong-based Hongqiao posted annual net income of 10.5 billion yuan ($1.62 billion) last year, according to a filing to the Hong Kong stock exchange on Friday.
  • Revenues were up only 2.3% year-on-year to 86.14 billion yuan, however, with Hongqiao also attributing its bumper earnings to lower production costs and lower impairment losses compared with a year earlier.
Published 05 Mar, 2021 06:05pm