Traders have remained rather indecisive, as they are torn between a tight supply situation nearby that justifies firm prices until new crop arrives and a potentially bearish outlook thereafter. As a result we have a market that is stuck ...
The Australian dollar is lower after Reserve Bank governor Glenn Stevens hinted there could be another cash rate cut next week. At 5pm AEST the local unit was trading at 90.63 US cents, down from 92.45 cents yesterday. The futures ...
Tags: Australian dollar, Reserve Bank
US refiner Valero Energy will build one of the world's largest methanol plants at its St. Charles, Louisiana, refinery, the company said Thursday. The $600 million-$700 million project will add a 1.6 million tons/year methanol plant at ...
Tags: Chemicals, Metallurgy, Mineral, Energy
The arrivals are dwindling in most of the States and season seems to be coming to a close. Approximately 3 Crore 19 lakh bales have arrived in the market as per trade sources. CCI seems to be the best source for good cotton especially in ...
The Australian sharemarket is expected to open lower today as local investors practise caution ahead of expectations the US Federal Reserve could wind back its third round of bond purchases. Despite posting a late surge at the end of last ...
Tags: Investors, Fed Meeting, Sharemarket
The market hasn’t been kind to anyone betting against July, be it outright shorts or those ending up on the wrong side of the July/Dec spread, as the spot month exploded for a gain of over 1200 points in just nine sessions. July ...
Tags: NY Futures, Textile
A slew of bearish technical and fundamental factors put the market under pressure this week. First we had the breach of a 6-1/2-month uptrend line, which put the spec longs on the defensive, although we have yet to see any widespread spec ...
Gasoline prices in Western Canada and the US Midwest have jumped due to supply issues surrounding the turnaround of Suncor's 135,000 b/d Edmonton, Alberta, refinery, industry sources said Thursday. "Suncor's move to secure gasoline and ...
Tags: Retail Gasoline, Chemicals
Ongoing planting delays continued to keep potential sellers at bay this week, which allowed the market to trend higher. West Texas is still too dry, while parts of the Mid-South and Southeast have experienced wet and unseasonably cool ...
Tags: Cotton Futures, Textile
The all India kappas (seed cotton) arrivals have slipped down to approximately 50,000 bales per day. The demand for Yarn is very poor at the moment and yarn payments in the domestic market have been affected badly. Yarn Export demands ...
Tags: Seed Cotton, Cotton
The quotes available on the market have risen again after its short, but strong drop during the middle of the reported week. Several reasons have been named for this development at the ICE in New York: The establishment of positions at ...
The China Securities Regulatory Commission (CSRC) has approved the application for ferroalloy futures trading made by Zhengzhou Commodity Exchange (ZCE), according to Chinese media reports. ZCE stated that the launch of ferroalloy futures ...
Tags: Ferroalloy Futures, Mineral
The dollar is still higher after getting a boost from better US employment figures, increasing optimism about the America's economic recovery. At 5pm AEST, the local unit was trading at $US1.0272, up from $US1.0254 on Friday. The Aussie ...
Tags: US Unemployment Rate, Service
NY futures gave up additional ground this week, as July fell 225 points to close at 83.23 cents, while December dropped 180 points to close at 83.28 cents. Spec liquidation and a lack of trade buying continued to depress values this week, ...
NY futures continued to slip this week, as July gave up 126 points to close at 85.48 cents, while December dropped 58 points to close at 85.08 cents. The futures market remained under pressure as hedge funds continued to exit commodity ...