Tuesday, June 22, 2021

Tag Archives: commodities

Copper hit near two-month high on upbeat China import data

in hits near-4-month peak; lead at highest since June * China copper imports up 8.1 pct at 410,680 T * Euro rises against dollar * U.S. weekly jobless claims edge up, but still at low levels By Harpreet Bhal and Eric Onstad LONDON, Aug 8 (Reuters) – Copper hit its highest in almost two months on Thursday as upbeat trade data and …

Read More »

Gold Gains, Crude Slips : Trading Strategies by Experts (video)

Gold Gains, Crude Slips : Trading Strategies by Experts

Read More »

Oil prices up in Asia on weaker dollar, US jobs data

SINGAPORE: Oil prices rose in Asian trade Friday as a weaker US currency made the dollar-priced commodity cheaper and spurred demand, analysts said. Upbeat employment data in the United States also buoyed sentiment and fuelled hopes demand will improve in the world’s biggest oil consuming nation, they said. New York’s main contract, light sweet crude for delivery in April was …

Read More »

Oil prices mixed in Asian trade

SINGAPORE, MARCH 7: Oil prices were mixed in Asian trade today, with the sentiment subdued by concerns a prolonged budget stalemate in the United States could hamper recovery in the world’s biggest economy. Prices had already slipped in New York after US crude stockpiles surged by more than eight times, the expected amount, indicating weak demand in the country. New …

Read More »

Asian shares, commodities rise as Dow record bolsters

(Reuters) – Asian shares extended gains on Wednesday as Wall Street’s record close encouraged investors to take on more risk amid signs of a continuing U.S. economic recovery and globally accommodative monetary conditions. The dollar eased 0.2 percent .DXY against a basket of key currencieswhile copper and crude oil prices rose as did commodity-linked currencies, often linked to risk appetite. The …

Read More »

Singapore To Be The Asian Bullion Hub With Tax Free Gold And Silver

Gold’s London AM fix this morning was USD 1,662.00, EUR 1,271.61, and GBP 1,057.93 per ounce. Yesterday’s AM fix was USD 1,694.75, EUR 1,291.44and GBP 1,082.63 per ounce. Gold fell 1.7% in New York yesterday and closed at $1,676.10/oz. Gold fell in Asia prior to further falls in Europe which has gold now trading at $1,656/oz. Fed Chairman Ben Bernanke offered no …

Read More »

Commodities catch fever on China slowdown

When it comes to the commodities market, if China says it even plans to sneeze, others get a cold. And commodity markets got a fever after Chinese Premier Wen Jiabao lowered the country’s growth target. Although prices recovered slightly on Wednesday after a fall on Tuesday, investors remain cautious that a slowdown of the Chinese economy will cut demand for …

Read More »

China’s natural gas imports rose 66.7 percent in January

Asian Pipelines

BEIJING, Feb. 26 (Xinhua) — China’s natural gas imports rose 66.7 percent year-on-year to hit 3.6 billion cubic meters in January, the country’s top economic planner said. The rapid increase has further pushed up the share of imported natural gas in the country’s natural gas consumption, the National Development and Reform Commission (NDRC) said in a statement on its website. …

Read More »

Record Rice Harvests Seen Boosting Stockpiles to Decade High

rice asia

Rice stockpiles are poised to reach the biggest in almost a decade as record harvests boost supplies and imports decline for the first time in three years. Inventories may gain 3 percent to 100.1 million metric tons, the most since 2003, as global imports contract 7.5 percent, the U.S. Department of Agriculture says. The Thai export price, a global benchmark, …

Read More »