Commodities Market

JPMorgan sells physical commodities business for US$3.5b

JPMorgan is taking a pre-emptive step as regulators ponder whether to restrict banks' ability to control power plants, warehouses and oil refineries. Photo: Reuters

JPMorgan Chase said on Wednesday it had made a deal to sell its physical commodities business for US$3.5 billion as regulators weigh whether to restrict banks’ ability to control power plants, warehouses and oil refineries.

Thursday, 20 March, 2014, 10:28am

HKEx looks at link-up with mainland bourses on commodity sales

Plans to boost commodities trading were revealed by Hong Kong Exchanges and Clearing's chief executive Charles Li (left) and chairman Chow Chung-kong. Photo: May Tse

Hong Kong Exchanges and Clearing is looking at a link-up with the mainland's commodities exchanges to develop commodities trading in the city, chief executive Charles Li Xiaojia said yesterday.

25 Apr 2013 - 5:40am

China sets first-half rare earth export quota for next year

Samples of rare earth elements are converted to glass discs at the Molycorp Minerals Mountain Pass Mine in California. Photo: Reuters

China on Friday announced its export quota for rare earth resources for the first half of next year amid declining prices and weak demand in the global market.

China produces more than 95 per cent of the world’s rare earths, 17 elements critical to manufacturing everything from iPads to low-emission cars.

29 Dec 2012 - 9:42am

You've got the power

The world was a better place before the global financial crisis, but it was not perfect. People may now gloss over the fact that, before the crisis, Asia was in the grips of an inflation scare. Oil prices were soaring. As oil is a key cost for almost all economic activity, this drove a rise in general inflation, most notably in the cost of food.

23 Jul 2012 - 12:00am

Who's reaping the windfall?

The impact of falling oil prices reaches many firms. Investors might wonder which listed firms might be profiting most. The following are the sectors and the firms to watch:


23 Jul 2012 - 12:00am

Another fuel price cut gives refiners hope

The central government has cut fuel prices for the third time in as many months to reflect lower crude costs, while analysts expect a long-awaited pricing reform to be rolled out later this year that would benefit loss-making oil refiners.

11 Jul 2012 - 12:00am


Octogenarian opera celebration

Some 300 82-year-olds were invited to celebrate the reopening of the renovated Yau Ma Tei Theatre - 82 years after it first opened in 1930. They were treated to two Cantonese Opera performances in the Grade II listed building, which began life as a cinema before being converted into a venue for traditional opera.

17 Jun 2012 - 12:00am

Fuel rate cut eases pressure on large mainland refiners

Beijing cut retail fuel prices by less than expected, easing pressure on the two big state-backed refiners, which can use higher profit margins created by recent rapid declines in crude oil prices to offset earlier refining losses.

9 Jun 2012 - 12:00am

Queries raised over bid for LME

Hong Kong Exchanges and Clearing wants to buy the London Metal Exchange in order to diversify its business, but analysts question how the acquisition will really help the city develop its own commodities trading.

5 Jun 2012 - 12:00am

Shanghai exchange set for oil futures

The Shanghai Futures Exchange plans to launch China's first crude-oil futures contracts this year, inviting foreign investors to participate in Beijing's latest attempt to burnish its global economic clout.

29 May 2012 - 12:00am

Police probe sophisticated wine-scam syndicate

Police believe hundreds of investors have fallen victim to a cross-border scam after being promised huge returns for investing in red wine that never existed.

9 May 2012 - 12:00am

Higher fuel prices, jams slow mainland car sales

Mainland car sales dropped 3.4 per cent from a year earlier to 4.8 million units in the first quarter as buyers were deterred by higher fuel prices and traffic jams in some big cities.

18 Apr 2012 - 12:00am

'Brother Fuel Price' speaks for consumers

The latest increase in the mainland's heavily regulated petrol prices has thrust a Zhejiang university student into the national spotlight.

Asked by a television reporter doing street interviews in Jiaxing how he felt about the 6 per cent rise, he replied: 'Can I use nasty words?'

Told he could not, he said that in that case he had nothing to say and walked off.

7 Apr 2012 - 12:00am

Price controls hit PetroChina profit

PetroChina, the nation's largest oil and gas producer, is pinning its hopes on more favourable government energy pricing and tax policies this year to reverse last year's fall in profits.

30 Mar 2012 - 12:00am

Rural taxi drivers seek surcharge as fuel prices soar

Taxi operators in the New Territories have renewed their calls for the introduction of a fuel surcharge in the face of rising LPG prices.

Sixteen groups protested at the government headquarters in Admiralty yesterday, demanding the surcharge on top of regular fares once the price of LPG reaches a threshold.

30 Mar 2012 - 12:00am