Asia spot LNG prices slip on tepid demand
SINGAPORE, Jan 10 (Reuters): Asia spot liquefied natural gas prices edged lower this week, weighed by tepid demand in the region and ample supply conditions.The average LNG price for February delivery into Northeast Asia was estimated at $9.50 per million British thermal units (mmBtu), slightly down from $9.60/mmBtu from the...
Read more
India, Vietnam rice export prices unchanged
Prices of rice exported from India and Vietnam were stagnant this week as high prices deterred buyers, while Thai rates were at a five-week-low on muted demand, reports Reuters.India's 5% broken parboiled variety was quoted at $355-$360 per ton, unchanged from the last week. Indian 5% broken white rice was...
Read more
Malaysian palm oil to be under pressure until output eases
MUMBAI, Jan 10 (Reuters): Malaysian palm oil futures are likely to remain under pressure until production eases, after output stayed higher than expected, particularly in Malaysia, and led to a buildup in inventories, industry analyst Dorab Mistry said on Saturday.The benchmark palm oil contract for March delivery on the Bursa...
Read more
AI to boost copper demand 50pc by 2040, says S&P Global
Growth in the artificial intelligence and defense sectors will boost global copper demand 50% by 2040, but supplies are expected to fall short by more than 10 million metric tons annually without more recycling and mining, according to the consultancy S&P Global, reports Reuters.Copper has long-been used widely across the...
Read more
Boeing's biggest 737 MAX model moves to next stage in certification but still faces hurdles
SEATTLE, Jan 10 (Reuters): The Federal Aviation Administration has approved Boeing's largest variant of its best-selling 737 MAX jet, the MAX 10, to move to the second phase of flight testing on the plane's long-delayed certification campaign, according to a source familiar with the programme.The company and FAA declined to...
Read more
