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  • Commodities  |  JANUARY 30, 2016 6:17AM

    Regional bearish sentiment to pressure rubber mart

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    Regional bearish sentiment is expected to further pressure prices on the Malaysian rubber market next week, said a dealer. He said that expectations of the ringgit continuing its upward momentum would also affect the price movement. Regionally, he said investors remained cautious ahead …

     
  • Commodities  |  JANUARY 30, 2016 6:13AM

    Tin to trade sideways; traders await cues

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    The Kuala Lumpur Tin Market (KLTM) is likely to trade sideways next week as traders await cues on the performance of tin and copper prices on the benchmark London Metal Exchange (LME), dealers said. A dealer said this trend is similar to …

     
  • Commodities  |  JANUARY 30, 2016 6:05AM

    Gold to trade lower; ringgit continue momentum

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    Gold futures contracts on Bursa Malaysia Derivatives are likely to trade slightly lower next week with the ringgit expected to continue its upward momentum, dealers said. Phillip Futures Sdn Bhd dealer Viola Yong said on Friday the local note closed higher at 4.15 …

     
  • Commodities  |  JANUARY 29, 2016 9:14AM

    Rubber market closes lower

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    The Malaysian rubber market continued its downtrend today following the strengthening of the ringgit against US dollar, a dealer said. At 5pm, the local currency was higher at 4.1500 from 4.2040 against the greenback on Thursday. The lower rubber market was also in …

     
  • Commodities  |  JANUARY 29, 2016 4:34AM

    KLTM closes US$260 lower at US$14,150 a tonne

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    The Kuala Lumpur Tin Market (KLTM) fell US$260 to close at US$14,150 a tonne, as traders remained on the sidelines ahead of the long weekend, dealers said. This was in tandem with the tin price on the benchmark London Metal Exchange (LME) which …

     
  • Commodities  |  JANUARY 28, 2016 9:38AM

    Rubber market closes lower

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    The Malaysian rubber market closed lower today in line with regional futures markets coupled with the stronger ringgit against the US dollar, a dealer said. “It was reported that Tokyo Commodity Exchange futures were steady after the US Federal Reserve kept interest rates …

     
  • Commodities  |  JANUARY 28, 2016 2:50AM

    Gold climbs to 12-week high

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    Gold turned positive and rose to a 12-week high on Wednesday, after the US Federal Reserve said it was “closely monitoring” global economic and financial developments, and held interest rates steady as expected. The central bank removed a previous reference …

     
  • Commodities  |  JANUARY 28, 2016 2:33AM

    Oil jumps after Russia dangles prospect of Opec cooperation

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    Oil futures surged on Wednesday after Russia indicated there was a possibility of co-operation with Opec, fanning hopes for a deal to reduce a global oversupply that sent prices to the lowest levels in over a dozen years last week. …

     
  • Commodities  |  JANUARY 27, 2016 9:35AM

    Rubber market closes lower

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    The Malaysian rubber market closed marginally lower Wednesday as the local currency appreciated against the US dollar for the fourth consecutive day, a dealer said. However, he said that the losses were capped by positive momentum from the Tokyo Commodity Exchange and Shanghai …

     
  • Commodities  |  JANUARY 27, 2016 9:05AM

    World Banks lowers oil price forecasts

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    The World Bank has lowered its 2016 forecast for oil prices to US$37 per barrel from US$51 per barrel in its October projections, according to the bank’s latest Commodity Markets Outlook. The lower forecast reflects a number of supply and demand factors, Azerbaijan’s …

     
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