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…
Commodity
Weekly RUBBER Report – 24 Feb 2020
Market Fundamentals: Many commodities have recovered in prices last week. As China factories are resuming work gradually, we have seen the demand for raw materials rising again. In addition, a downfal…
India to import palm oil from Bangladesh
India has issued about 70 licences for importing about five lakh tonnes of refined palm oil from three countries — Bangladesh, Nepal and Indonesia, sources said. On January 8, the Indian governm…
Coronavirus drags down commodity prices as demand from China drops
Prices for commodities from natural rubber to coal have plunged in February because of decreasing demand from China, where the new coronavirus outbreak is expected to further drag down prices. The cha…
Malaysia relies on sustainable palm oil to keep entry into European market
Malaysia is to send a delegation to Europe by the end of February to present its newly adopted measures to make palm oil production sustainable, in a move that aims to circumvent a progressive Europea…
Commodity Market Report – 3 Feb 2020
Gold prices have been rising slowly last week as Dow market weakened. This week, we expect the trend to be firm and probably will cross above USD1600 /oz again. Overall range will be contained from US…
Weekly RUBBER Report – 3 Feb 2020
Market Fundamentals: The Dollar Index (USDX) topped off 98.00 last week and dived on Friday. The long-awaited BREXIT has finally been executed on Friday and ended the 47-year U.K. membership in Europe…
Commodity Market Report – 2 Dec 2019
Gold prices have been trading in narrow sideways trend and exhibited a recovery on Friday. This week, the trend might move into a recovery while Dollar weakens. Yellow metal is prone to climb higher b…
Weekly RUBBER Report – 2 Dec 2019
Market Fundamentals: The Dollar Index (USDX) behaved firm last week but topped off 98.50 level on Friday. Rubber prices have been submerging last week but prone to recover in coming week. The meeting …
Commodity Market Report – 4 Nov 2019
Gold prices traded in sideways last week while trapped within the large range of USD1475 – USD1525 /oz. This week, we aim for no change in this market sentiment as the market is caught in mixed activi…