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Commodities Buzz: Chinas Copper Imports Tumble Around 27% In June

Chinas unwrought copper imports in June fell 27.2% from a year earlier, official data showed that as a slowdown in the worlds second biggest economy continues to weigh on demand for the metal. Arrivals of unwrought copper were 326,000 tonnes last month, the General Administration of Customs said, down 9.7% from 361,000 tonnes in May […]

Oil prices nudge up on Chinese economic data

LONDON: Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades. Brent crude futures rose 40 cents, or 0.6 per cent, to $ 67.12 a barrel by 0923 GMT, while US crude was up […]

Agri Buzz: Vegetable Oil Imports Gain 6% In June Says SEA

The import of vegetable oils during June 2019 was up by 6% to 11,05,293 tonnes compared to 10,42,003 tonnes in June 2018, Solvent Extractors Association of India (SEA) said in a statement. Edible oil imports rose to 10,71,279 tonnes in June from 10,07,563 tonnes in the same month last year, while inward shipments of non-edible […]

China sets commodities records in good sign for growth

If you’re looking for signs of China’s slowdown, you won’t find much in the data for output of the commodities needed to power and build the world’s second-biggest economy. Production of a swathe of materials — from crude steel to coal and aluminum — reached record levels in June, contributing to stronger-than-expected industrial output even […]

Strength In Rupee Pulls MCX Gold In Red

COMEX Gold managed to hold on today amid steady moves in global equities. The broad macro worries continued to support the yellow metal. Worldwide optimism for business activity and corporate profits in the year ahead has fallen to its lowest since the global financial crisis, accompanied by reduced expectations for employment and investment spending, according […]