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Sonali Paul - 2 It's - 1 Stephen Coates - 1 Anushree - 1 they're - 1 Hong Kong - 1
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Search resuls for: "Clyde Russell Is An Asia Commodities"


3 mentions found


☆ Iron ore benchmarks diverge as China tries to cool prices: Russell
  + stars: | 2023-12-04 | by ( Clyde Russell | Thomson Reuters | Clyde Russell Is An Asia Commodities | ) www.reuters.com   time to read: +4 min
LAUNCESTON, Australia, Dec 4 (Reuters) - The two main spot prices for iron ore diverged last week, with Singapore-traded contracts gaining but China's domestic futures posting a decline. The exchange said on Nov. 30 that it will continue to strengthen its supervision of iron ore futures to maintain what it termed the safe and stable operation of the market. But despite the travails of the property sector, China's iron ore imports have been relatively robust so far in 2023. In the same week last year iron ore stockpiles were 137.5 million metric tons and were 155.4 million in the same week on 2021. History suggests that the authorities can cool iron ore prices, but only for a relatively short period, especially if the market conditions are supportive for stronger prices.
Persons: Sonali Paul Organizations: Singapore Exchange, Dalian Commodity Exchange, National Development, Reform, it's, Reuters, Thomson Locations: LAUNCESTON, Australia, Singapore, Beijing, Dalian
☆ OPEC+ may have played its final card with voluntary crude cuts: Russell
  + stars: | 2023-12-01 | by ( Clyde Russell | Thomson Reuters | Clyde Russell Is An Asia Commodities | ) www.reuters.com   time to read: +5 min
What the group did agree was total production curbs of 2.2 million bpd from eight members, a figure that includes an extension of the existing voluntary Saudi and Russian cuts of 1.3 million bpd. This is up 1.86 million bpd from the figure of 40.10 million bpd for 2022, according to Kpler. China's crude imports were 11.36 million bpd in the first 10 months of the year, up 1.21 million bpd from the level for 2022 as a whole. India saw arrivals of 4.62 million bpd in the first 10 months of the year, according to LSEG data, up 462,000 bpd on the 4.14 million bpd for 2022. Asia's crude imports in the first 10 months of the year were 26.93 million bpd, according to LSEG data, up 1.34 million bpd on the 25.59 million bpd recorded for the whole of 2022.
Persons: It's, Stephen Coates Organizations: Organization of, Petroleum, Brent, OPEC, International Energy Agency, world's, Reuters, Thomson Locations: LAUNCESTON, Australia, OPEC, Russia, Saudi, United States, Brazil, Guyana, Asia, China, India
☆ Soft China and India may undermine gold's rally hopes: Russell
  + stars: | 2023-11-28 | by ( Clyde Russell | Thomson Reuters | Clyde Russell Is An Asia Commodities | ) www.reuters.com   time to read: +5 min
A woman picks a gold earring at a jewellery shop in the old quarters of Delhi, India, May 24, 2023. While India's gold demand has been solid so far in 2023, matching strength in the domestic economy, it appears that some momentum may be coming out of the market. The high price of gold for consumers in China may further crimp demand in the fourth quarter, after the World Gold Council reported a decline in third. The recent price rally is likely to trim demand growth in India in the current quarter. But countering the positive drivers are signs that high prices are undermining demand growth in the key markets of China and India.
Persons: Anushree, they're, Hong Kong, Sonali Paul Organizations: REUTERS, Rights, U.S . Federal Reserve, Hong, Hong Kong Census, Statistics Department, Gold, Reuters, Thomson Locations: Delhi, India, Rights LAUNCESTON, Australia, China, Hong Kong, Hong, Central
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