China’s Credit Loosening may not do much for Commodity Demand

China’s commodity imports may get a shot in the arm from Beijing’s decision to ease credit conditions in the world’s second-largest economy, but it may not be as big a boost as followed prior monetary loosening. The People’s Bank of China on Sunday announced a steep 100 basis point cut in the level of cash
Complete Reading

Global and domestic prices of cotton, edible oil and soyabean may firm up if talks between the US and China move toward a resolution of the ongoing trade war. “Constructive trade talks between the US and China will impact positively on commodities, majorly on metals and industrial agri-commodities like edible oil, soyabean and cotton,” says
Complete Reading

Options contracts in non-agricultural commodities like gold and crude that were unveiled a few months ago are seeing good investor participation due to a combination of factors like market making, attractive lot size and the hedging requirements of market participants, though some of the other commodities are yet to register a strong traction. On the
Complete Reading

The chief commodity researcher at Goldman Sachs says the bull case for oil remains in tact despite an escalating trade dispute between the world’s two biggest economies that has stoked fears of weakening demand for crude. U.S. crude settled at a seven-week low below $67 a barrel on Thursday. It is now on pace for
Complete Reading

What’s next for commodities after a recent price collapse? It looks like more bad news, if the chart watchers are right. The Bloomberg Commodity Index has tumbled about 10 percent from a high in May amid mounting concerns that a trade war could derail global growth, curbing demand for everything from aluminum to soybeans. Even
Complete Reading

Don’t be fooled by the relative calm across financial markets: The inputs in the global supply chain are flashing warning signs. Commodities have tumbled into correction territory Thursday, sliding again in the face of the resurgent dollar and lingering global trade tensions. Among the recent milestones: Copper dipping below $6,000. West Texas Intermediate crude testing
Complete Reading

Oil prices are forecast to average $65 a barrel over 2018, up from an average of $53 a barrel in 2017, on strong demand from consumers and restraint by oil producers, while metals prices are expected to rise 9 per cent this year, also due to increasing demand and supply constraints, the World Bank has
Complete Reading

Create Account



Log In Your Account