Latest Post
Tampilkan postingan dengan label commodity future prices. Tampilkan semua postingan
Tampilkan postingan dengan label commodity future prices. Tampilkan semua postingan
14.18
Commodity Mining 2011, Gold Palladium and Platinum Silver Future Delivery Rose
Written By mine on Sabtu, 29 Januari 2011 | 14.18
Gold futures for April delivery rose $21.90, or 1.7 percent, to settle at $1,341.70 an ounce at 1:45 p.m. on the Comex in New York, the biggest gain since Nov. 4. Earlier, the price touched $1,309.10, the lowest since Oct. 1. The metal climbed to a record $1,432.50 on Dec. 7.
Silver futures for March delivery rose 88.8 cents, or 3.3 percent, to $27.919 an ounce on the Comex, the biggest gain since Dec. 28. This week, the price climbed 1.8 percent, the first gain this month.
Gold futures jumped the most in 12 weeks on demand for a haven amid escalating tensions in Egypt.
Palladium futures for March delivery rose $3.50, or 0.4 percent, to $817 an ounce on the New York Mercantile Exchange. Platinum futures for April delivery climbed $1.50 to $1,805 an ounce.
Tens of thousands of marchers chanted ?liberty? and ?change? as rallies began today at points across Cairo in the biggest challenge to Egyptian President Hosni Mubarak?s 30-year rule. Earlier, gold touched a four-month low.
?The world is not such a nice place as people thought,? said Jon Spall, a product manager for precious metals at Barclays Capital in London. ?People see risk and danger, so gold becomes attractive.?
?The big turnaround in gold has to do with the escalating crisis in Egypt,? said Matthew Zeman, a metal trader at LaSalle Futures Group in Chicago. ?People are saying it?s better to be safe than sorry.?
Investors also are unwinding bets on a decline, Zeman said. This month, gold has dropped 5.6 percent, heading for the biggest January slump since 1997.
Yesterday, holdings in exchange-traded products backed by bullion dropped to the lowest level since June, according to data compiled by Bloomberg from 10 providers.
Silver futures for March delivery rose 88.8 cents, or 3.3 percent, to $27.919 an ounce on the Comex, the biggest gain since Dec. 28. This week, the price climbed 1.8 percent, the first gain this month.
Gold futures jumped the most in 12 weeks on demand for a haven amid escalating tensions in Egypt.
Palladium futures for March delivery rose $3.50, or 0.4 percent, to $817 an ounce on the New York Mercantile Exchange. Platinum futures for April delivery climbed $1.50 to $1,805 an ounce.
Tens of thousands of marchers chanted ?liberty? and ?change? as rallies began today at points across Cairo in the biggest challenge to Egyptian President Hosni Mubarak?s 30-year rule. Earlier, gold touched a four-month low.
?The world is not such a nice place as people thought,? said Jon Spall, a product manager for precious metals at Barclays Capital in London. ?People see risk and danger, so gold becomes attractive.?
?The big turnaround in gold has to do with the escalating crisis in Egypt,? said Matthew Zeman, a metal trader at LaSalle Futures Group in Chicago. ?People are saying it?s better to be safe than sorry.?
Investors also are unwinding bets on a decline, Zeman said. This month, gold has dropped 5.6 percent, heading for the biggest January slump since 1997.
Yesterday, holdings in exchange-traded products backed by bullion dropped to the lowest level since June, according to data compiled by Bloomberg from 10 providers.
09.46
Agricultural Commodities Future Prices in China Surged by Exchange Limits
Written By mine on Rabu, 13 Oktober 2010 | 09.46
Agricultural commodities include corn, soybean and cotton futures prices in China surged by exchange limits today, tracking gains in U.S. markets, as a weaker dollar boosted their appeal as haven assets and on concern that global demand will outstrip supply.
May-delivery corn on the Dalian Commodity Exchange gained 4 percent to 2,153 yuan ($323) a metric ton and closed at 2,149 yuan. Contracts in Chicago advanced to a two-year high after the dollar fell toward an eight-month low against the euro on speculation that Federal Reserve policy makers will signal this week their willingness to buy more government debt to support economic growth.
?Given the uncertain economic outlook in the U.S., there?s growing expectation that quantitative easing in the U.S. is on the way, therefore worsening the outlook of the U.S. dollar and boosting the appeal of commodities,? Yang Zhichang, analyst at Yide Futures Co., said in a report today.
U.S. employers cut payrolls by 95,000 workers in September after a revised 57,000 decrease in August, Labor Department figures in Washington showed on Oct. 8. The median forecast of 87 economists surveyed by Bloomberg News called for a 5,000 drop. The unemployment rate unexpectedly held at 9.6 percent.
Grains were also supported after the U.S. Department of Agriculture on Oct. 8 cut its corn-crop estimate for the second time in as many months, predicting a 3.4 percent decline from last year after flooding in June and hot, dry weather in August cut Midwest yields.
Corn gained as much as 8.5 percent to $5.7375 a bushel on the Chicago Board of Trade today, the highest level since September 2008.
Soybeans for May delivery surged by 4 percent to 4,276 yuan a ton and closed at 4,275 yuan. May-delivery rapeseed oil and palm oil also jumped by the daily limit of 5 percent in Dalian to 9,378 yuan a ton and 8,184 yuan, respectively.
?The latest U.S. Department of Agriculture report also showed a surprisingly low soybean inventory estimate in the U.S., leading to expectation that supply of the oilseed will get tight,? Huatai Changcheng Futures Co. said in a report today.
Gains in the agricultural commodities buoyed Chinese equities. Seed makers Gansu Dunhuang Seed Co. jumped 10 percent, the maximum allowed in one day, to 32.41 yuan a share in Shanghai, and Shandong Denghai Seeds Co. also advanced 10 percent to 76.89 yuan a share in Shenzhen.
Cotton for May delivery dvanced 9 percent to 25,390 yuan a ton on the Zhengzhou Commodity Exchange, the maximum allowed today.
China, the world?s largest cotton buyer, had booked to buy September booked to buy 595,000 tons of U.S. new-crop cotton, by the end of September Wanda said. ?The expectation is that China will have to import a lot more? to bridge a domestic supply shortfall, a factor that has supported cotton prices, it added
May-delivery corn on the Dalian Commodity Exchange gained 4 percent to 2,153 yuan ($323) a metric ton and closed at 2,149 yuan. Contracts in Chicago advanced to a two-year high after the dollar fell toward an eight-month low against the euro on speculation that Federal Reserve policy makers will signal this week their willingness to buy more government debt to support economic growth.
?Given the uncertain economic outlook in the U.S., there?s growing expectation that quantitative easing in the U.S. is on the way, therefore worsening the outlook of the U.S. dollar and boosting the appeal of commodities,? Yang Zhichang, analyst at Yide Futures Co., said in a report today.
U.S. employers cut payrolls by 95,000 workers in September after a revised 57,000 decrease in August, Labor Department figures in Washington showed on Oct. 8. The median forecast of 87 economists surveyed by Bloomberg News called for a 5,000 drop. The unemployment rate unexpectedly held at 9.6 percent.
Grains were also supported after the U.S. Department of Agriculture on Oct. 8 cut its corn-crop estimate for the second time in as many months, predicting a 3.4 percent decline from last year after flooding in June and hot, dry weather in August cut Midwest yields.
Corn gained as much as 8.5 percent to $5.7375 a bushel on the Chicago Board of Trade today, the highest level since September 2008.
Soybeans for May delivery surged by 4 percent to 4,276 yuan a ton and closed at 4,275 yuan. May-delivery rapeseed oil and palm oil also jumped by the daily limit of 5 percent in Dalian to 9,378 yuan a ton and 8,184 yuan, respectively.
?The latest U.S. Department of Agriculture report also showed a surprisingly low soybean inventory estimate in the U.S., leading to expectation that supply of the oilseed will get tight,? Huatai Changcheng Futures Co. said in a report today.
Gains in the agricultural commodities buoyed Chinese equities. Seed makers Gansu Dunhuang Seed Co. jumped 10 percent, the maximum allowed in one day, to 32.41 yuan a share in Shanghai, and Shandong Denghai Seeds Co. also advanced 10 percent to 76.89 yuan a share in Shenzhen.
Cotton for May delivery dvanced 9 percent to 25,390 yuan a ton on the Zhengzhou Commodity Exchange, the maximum allowed today.
China, the world?s largest cotton buyer, had booked to buy September booked to buy 595,000 tons of U.S. new-crop cotton, by the end of September Wanda said. ?The expectation is that China will have to import a lot more? to bridge a domestic supply shortfall, a factor that has supported cotton prices, it added
