Archive for the February 5, 2019
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India's gold demand could rebound in 2019, rising above the 10-year average, as the government seeks to bolster consumer confidence and spending power ahead of general elections due by May, the World Gold Council (WGC)
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Northwest European gasoline refining margins ended higher on Friday, boosted by falling global stocks. Total main product stocks in key areas (USA, ARA independent storage, Singapore, Japan) fell by 6.1 million barrels week-on-week, consultancy FGE
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Prices of steel-making raw materials in China climbed to multi-month peaks on Friday, buoyed by supply disruption issues, with iron ore hitting its highest level in 22 months after a seven-day rally. The most traded
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Top Asian rice exporters India and Thailand saw muted activity this week, while a government clampdown on hoarding pushed down local prices of the staple in Bangladesh. Thailand's benchmark 5 percent broken rice prices were
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Prices maintained present levels on the cotton market on Monday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 8,700, they added. In the ready session, over 5,000
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A cargo of liquefied natural gas (LNG) for delivery to Asia was offered on Wednesday below the UK front-month gas price, turning over a multi-year trend of Asian prices having a premium over Europe and
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On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,667. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.453 billion and the number of lots traded 11,553. Major
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The lowest offer in a tender by the Ethiopian government to buy up to 400,000 tonnes of wheat which closed this week, was $270 a tonne c&f, European traders said on Friday. The tender closed
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Russia came in as China's largest crude oil supplier in December, cementing the top spot for all of 2018 for a third year in a row ahead of rival Saudi Arabia, customs data showed on
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The Karachi Port handled 246,925 tonnes of cargo comprising 175,019 tonnes of import cargo and 71,906 tonnes of export cargo including 6,036 loaded and empty containers during the last 24 hours ending at 0700 hours
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