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Archive for  August 2004

    • News Desk
    • Aug 31st, 2004
    • Comments Off on Indonesian rubber prices seen flat, supply tightening

    Indonesian rubber prices are seen flat this week, helped by rising raw material prices in the key growing belt of Sumatra island amid a downtrend in global rubber futures, traders said on Monday. Rising supply

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Asian oil swaps edge lower, gas oil crack weakens

    Singapore oil swaps prices edged lower on Monday, as the market kept an eye on crude weakness, and gas oil's premium to Dubai narrowed due to paltry Chinese demand for prompt barrels. September gas oil

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on October sweet crude trade seen active in Asian market

    Trading for October-loading sweet crude was active, as Asian refiners emerged to cover their usual requirements, traders said on Monday. Indian Oil Corp (IOC) has bought one very large crude carrier of Nigerian Bonny Light

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  • Malaysian tin closed 0.2 percent higher on Monday, rebounding from last week's sharp selldown as the metal's price also rose in London trade. Spot tin in Kuala Lumpur jumped $20 to $8,900 a tonne after

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Vietnam to join world pepper body in 2005

    Vietnam, the world's top black pepper exporter, expects to join the International Pepper Community next year, an industry official said on Monday. A Vietnam Pepper Association official told Reuters a Vietnamese delegation would submit papers

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  • Gold defied a firming dollar and held steady in Asian trade on Monday, driven by a technical rebound after heavy liquidation in New York and hopes of safe-haven buying during this week's US Republican Convention.

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on East Asian grain: Japanese soya buying expected

    Grain importers in Taiwan are likely to be active this week, seeking shipments of wheat and US corn, while some buying is also expected to emerge in Japan, particularly for soyabeans, traders said on Monday.

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  • Shanghai copper futures closed up on Monday to track a steep rise on the London Metal Exchange, but trade was sluggish as domestic investors remained cautious over the near-term market trend, traders said. Shanghai's most

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Malaysian palm oil down on soya, awaits August exports

    Malaysian crude palm oil futures fell on Monday, pressured by a drop in rival Chicago soya, but the downside was limited by bullish hopes for palm oil exports in August, dealers said. The market's scheduled

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on China faces no grain shortage after all

    China may not need to tap world grain markets as heavily as first thought in the coming months, thanks to a healthy harvest and slumping demand at home. Although China has not suffered famine for

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