Gold prices have exhibited strong resistance at USD2000 /oz for time being. This week, we expect a volatile market trend while the movement swing from USD1870 – USD1970 /oz range. Traders should exerc…
Commodity
Weekly Rubber Report – 24 Aug 2020
Market Fundamentals: Rubber prices were stagnant for entire last week while WTI Crude prices struggled to stay above USD42.00 /barrel. As WTI Crude was unable to hold strong at the final trading hour,…
Commodity Market Report – 17 Aug 2020
Gold prices had a sharp fall last week but bounced off USD1870 /oz ground. This week, we reckon the trend will thread sideways but prone to move on the low side. Technically, the trend should be conta…
Weekly RUBBER Report – 17 Aug 2020
Market Fundamentals: Rubber prices traded in separate sentiment last week. TOCOM market tracked higher due to weaker Yen while SICOM market waned in demand. This week, we foresee the general demand fo…
China to build commodity trading centre in Caofeidian, aims over $7 billion trade by 2022
China will beef up its Caofeidian pilot free trade zone, prioritising the development of international commodities trade and bringing in more foreign investments, local government said on Monday. The …
Palm oil demand to remain weak in first-half 2020 due to virus lockdowns – MPOB
A recent heavy slump in palm oil demand is expected to persist through the first half of 2020 as a growing number of countries impose lockdowns to contain the coronavirus outbreak, the Malaysian palm …
Covid-19 negative on palm oil demand and price — Analyst
While it remains unclear on how long the Coronavirus Disease 2019 (Covid-19) will persist, analysts believe it will likely be negative on palm oil especially if it lasts for a longer term period. “It …
Commodity Market Report – 16 Mar 2020
Gold prices fizzled out from 8-year high at USD1703 /oz and plunged USD190 range. This week, we predict the market will swing erratically while contain from USD1500 – USD1600 /oz range. Traders are re…
Commodity Market Report – 2 Mar 2020
Gold prices had a big fall last week and retraced down USD124 range from USD1689 /oz tops. From the current situation, we are not looking for an immediate recovery in yellow metals while the resistanc…
Commodity Market Report – 24 Feb 2020
Gold prices have broken above USD1600 /oz benchmark and settled at USD1643 /oz on Friday. Market has been very strong due to seeking in safe haven for fear of epidemic spread. This week, the support w…