Analysis: Commodities

Commodities: A backlash and Beijing's iron ore offensive

The first half of the year has been full of twists and turns for commodity markets. Timber is certainly the most interesting case. Its price, which has doubled in a few months, is now back to levels...

Why the cost of ocean freight is set to rise further

ING experts believe that the cost of shipping has not yet finished rising. Shipping costs have risen sharply and fierce competition for ocean freight capacity is the new normal, they explain in a new...

Gold and cocoa miss out on broad-based commodity rebound

The commodity boom has been much talked about lately, especially its impact on inflation expectations. This gives us the opportunity to take a quick look at the situation in order to better understand...

CO2 prices become punitive for coal plants in Europe

The soaring price of European Union emissions permits is prompting more utilities to switch from high-carbon coal to natural gas for power generation in Germany, which could accelerate the phase-out...

India's sugar production seen rising again in the new season: USDA

Following are selected highlights from a report issued on Tuesday by the U.S. Department of Agriculture's Foreign Agricultural Service post in New Delhi:...

Gold rises as U.S. Treasury yields, dollar pause

Gold gained on Tuesday as a rise in U.S. Treasury yields stalled and the dollar steadied near multi-week lows. ...

Singapore prosecution files more charges over nickel trading scandal

Singapore prosecutors on Tuesday filed five additional charges against businessman Ng Yu Zhi in relation to a scheme that allegedly raised at least S$1 billion from investors to fund bogus nickel...

China's crude oil imports from Saudi up 8.8% y/y in March, UAE shipments jump

China's crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived....

India's sugar demand falters during peak season due to COVID-19 curbs

India's sugar consumption during the peak demand season is set to fall for a second straight year after various states imposed restrictions including restaurant and shop closures to halt rising cases...

Gold hits seven-week peak as retreating U.S. yields boost appeal

Gold prices rose to a seven-week high on Friday and were on track for their best week since mid-December as retreating U.S. Treasury yields and a softer dollar bolstered the metal's appeal....

Gold rises nearly 2% as dollar, yields retreat

Gold jumped to its highest in over a month on Thursday as the dollar and U.S. Treasury yields retreated despite better-than-expected U.S. economic data, pushing more investors to bullion as a refuge...

Gold falls as firmer bond yields dull appeal

Gold fell on Wednesday as an uptick in U.S. Treasury yields weighed on bullion's appeal, while investors awaited speeches by several Federal Reserve officials in the wake of data showing higher...

India's March palm oil imports up 57% year on year, says trade body

India's palm oil imports in March jumped 57% year on year as refiners increased purchases of the tropical oil to reduce expensive sunflower oil imports, a trade body said on Thursday....

Gold rebounds on strong U.S. inflation data, weaker dollar

Gold prices rebounded on Tuesday from their lowest levels in more than a week after data showing a sharp rise in U.S. inflation bolstered bullion's appeal as an inflation hedge and weighed on the...

Gold slips as firmer U.S. yields dull appeal

Gold fell on Monday as an uptick in U.S. Treasury yields dimmed bullion's appeal, while investors awaited key U.S. inflation and retail sales data for cues on economic health....

Malaysia end-March palm oil stocks hits four-month peak on higher imports, output

Malaysia's end-March palm oil stocks jumped more-than-expected to a four-month top, boosted by higher imports and production, but a surge in exports kept domestic supply in check, data from the...

Exclusive: Ingersoll Rand nears $1.7 billion deal to sell golf cart business to Platinum Equity - sources

Pumps and compressors manufacturer Ingersoll Rand Inc is nearing a deal to sell its golf cart business to private equity firm Platinum Equity LLC for around $1.7 billion, people familiar with the...

Gold slips on buoyant yields; set for weekly gain

Gold slipped more than 1% on Friday, weighed down by a jump inU.S. Treasury yields and a rebound in the dollar, but bullionwas still on course for its first weekly gain in three weeks....

Gold price rebound, COVID-19 curbs put brakes on India buying

Physical gold demand in India stalled this week after local prices rebounded from a one-year trough and coronavirus restrictions were imposed, while buyers in other major Asian hubs were also put off...