Dec 10, 2014 | Commodities
Gold for February delivery declined 0.29% to US$1,228 per ounce this morning, after rising 3% in first 2 days of this week. Gold rose as the dollar dipped and equities fell around the world, reviving investor appetite for a protection of wealth, Bloomberg reported....
Dec 10, 2014 | Commodities
Palm oil prices and plantation shares seem to continue following crude oil movement. Weaker output reported by Malaysian planters failed to boost sentiment. The benchmark February 2015 contracts of crude palm oil (CPO) dropped 2% to RM2129 per ton on the Bursa...
Dec 10, 2014 | Commodities
Shares of coal producers were mixed worldwide Tuesday. Arch Coal and Peabody Energy surged 8.43% and 4.31% respectively in New York Tuesday morning, even though crude oil dropped to below US$63 per barrel. Earlier in Asia, Shenhua, one of the world’s largest...
Dec 2, 2014 | Commodities
Crude oil returned to above US$69 per barrel in New York Monday night, lifting shares of almost all oil and gas producers worldwide. Unfortunately, shares of coal producers continue to drop with both Arch Coal and Peabody Energy losing 8.1% and 7.5% respectively in...
Nov 29, 2014 | Commodities
Nymex crude oil fell sharply by 10.17% to US$66.26 per barrel Friday (November 28). Natural gas for February 2015 delivery also fell 5.75%. They dragged down Dr Copper 3.38%, while silver crashed 6.4%. Gold lost 1.84% to US$1175 per ounce for January 2015 contracts,...
Nov 28, 2014 | Commodities
Nymex crude oil for January 2015 delivery collapsed 6.8% to US$68.7 per barrel in New York Thursday night, dragging down all other commodities. Natural gas and heating oil fell 3.44% and 4.42% respectively. In the metal market, Dr Copper down 1.08%, while silver...
Nov 28, 2014 | Commodities
Shares of Agritrade Resources Ltd, controlled by Indonesian businessman, in the stock exchange of Hong Kong ended lower by 1.5% Thursday to HK$1.99. Still, the stock is among the top gainers in resources sector with almost 300% gain since February 2014. At the current...
Nov 27, 2014 | Commodities
Nymex crude oil fell sharply by 3.84% to US$70.86 in New York Thursday morning, dragged down energy and commodities stocks. BP Plc fell 2.61%, while Husky Energy lost 5.7%. How about thermal coal and related stocks? Santos and Woodside lost 3.1% and 2.8% respectively...
Nov 26, 2014 | Commodities
Arch Coal collapsed 8.66% in New York last night, dragged down by the falling of crude oil to US$74 per barrel. Peabody Energy, the world’s largest producer in private sector, also dropped 1.52%. United Tractors (UNTR), the largest coal mining contractor in Indonesia,...
Nov 26, 2014 | Commodities
Late last year, CIMB Investment Bank Bhd issued a report titled ‘Navigating Malaysia 2014’, predicting average CPO price to rise by 12% in 2014 to US$950 (RM3122/ton) per ton. We all know, however, average price of CPO in 11 months of 2014 was below RM2500. Not only...
