• Sat
  • Nov 29, 2014
  • Updated: 11:41pm

Commodities

Asian players develop an appetite for risky commodities trading

While Western financial giants have been exiting the high-risk, high-reward commodities trading business, capital-rich Asian firms, including state-owned banks and brokerages from China, have seized the opportunity to enter the market.

Wednesday, 22 January, 2014, 12:40am 1 comment

China Merchants Securities taps British market

China Merchants Securities, one of the mainland’s oldest and largest securities houses, has set up a subsidiary in Britain to expand into global capital and commodities markets, with a focus on derivatives – at a time when Western rivals are trying to scale back from a business that often comes with high profits and equally high risks.

12 Dec 2013 - 1:45am

Alcoa sees aluminium demand growth; markets tightening

Alcoa, the largest US aluminium producer, still sees global demand for aluminium products growing 7 per cent this year, signalling a potential price rise for the metal as bulging Chinese aluminium inventories begin to dwindle.

9 Jul 2013 - 11:28am

Rival's exit won't sway HKEx on commodities

Hong Kong Exchanges and Clearing will proceed with its plan to venture into commodities trading despite the failure of its short-lived rival.

22 May 2013 - 4:03am

Is rice the new 'milk powder' for Hong Kong/China cross-border tensions?

Buy too much rice in Hong Kong and “you could end up in jail”, Chinese media warned tourists in the wake of the Guangzhou cadmium scandal.

21 May 2013 - 6:26pm

Hunt for bargains after gold price falls the most since 1983

The plunge in the price of gold has triggered a buying spree for jewellery and bullion in Hong Kong, Shanghai and Beijing as some investors judge the decline has gone far enough.

17 Apr 2013 - 5:22am

Further decline seen in iron ore prices

Analysts expect the latest correction in iron ore prices to continue after prices had almost doubled from September last year, which the mainland's top industry policymaker said was partly driven by sellers withholding stock and an "unreasonable" pricing system.

7 Mar 2013 - 6:12am

Commodity bears should look again at China's credit growth

There's been a lot of chatter over the past couple of weeks that the 10-year-old "super-cycle" in commodities may have peaked and that prices are now set to trend lower over the coming years.

18 Feb 2013 - 3:28am 1 comment

Silicosis suit could crush S.Africa’s gold mining sector

Thousands of ex-gold miners suffering from silicosis have launched a class action suit in South Africa, in what could prove the final nail in the coffin of the country’s battered but vital mining sector.

28 Jan 2013 - 1:44pm

IRC shares dive 17.6pc after stake sale at big discount

IRC, which develops iron ore projects in Far East Russia, saw its share price fall 17.6 per cent after it clinched deals to raise HK$1.84 billion by selling shares at a sharp discount to two mainland companies which also agreed to be its main customers.

18 Jan 2013 - 4:32am

End of a long bullion run?

Danske Bank and Credit Suisse Group, the most-accurate gold forecasters, say prices will probably peak this year while their nearest rival, UniCredit, sees no end in sight to the 12-year bull market.

17 Jan 2013 - 4:19am

Commodities broker Newedge eyes world's fastest-growing market

International metal and commodities broker Newedge, a member of the London Metal Exchange, plans to expand in Asia.

14 Jan 2013 - 3:01am

Inflation, trade drive yuan to 19-year US$ high

The yuan strengthened to less than 6.22 against the US dollar yesterday for the first time in 19 years, as bullish sentiment was boosted by mainland inflation and trade data.

12 Jan 2013 - 4:02am

Hanlong courts SOEs for African iron ore deal

Sichuan Hanlong Group, an investor in highways and power projects, is in talks with Chinese state-owned companies to develop an iron ore project in Africa owned by Australia's Sundance Resources.

28 Dec 2012 - 4:14am

Wrong about the stock market, right about government idiocy

This will be the last Monitor of 2012, so it's a good time to look back at the past year and see what the column got right, where I went wrong, and whether there are any lessons to be learned for 2013.

The first lesson is that if a newspaper columnist is dumb enough to make predictions on a regular basis, then some of them are going to be wrong.

18 Dec 2012 - 2:33am 2 comments

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