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hugo rixon

London , England , United Kingdom

Member since February 14, 2013


  • Palm_oil_177_

    http://www.thehindubusinessline.com/markets/commodities/palm-oil-to-test-resistance-drop/article4541889.ece?homepage=true&ref=wl_home

    March 23, 2013: Malaysian palm oil futures on Bursa Malaysia Derivatives exchange ended higher on Friday, the highest in a month on Friday on hopes of export demand paring record stocks. Despite weak market sentiment on the back of concerns about a possible debt default by Cyprus that could hit the euro zone’s fragile recovery and crimp edible oil demand, prices rallied higher. Data this week lifted expectations of market participants that exports of palm oil will climb and help ease the 2.44-million-tonne stock build up in Malaysia, the world's No.2 producer of the edible oil. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd said that March 1-20 shipments showed a monthly gain of 11 per cent and 14 per cent, respectively. China’s February palm oil imports rose 10.5 per cent on year to 423,831 tonnes, the General Administration of Customs said Thursday. Imports in the first two months rose 8.5 per cent on year to 896,564 tonnes, it said. CPO active June month futures pulled back higher as expected. As mentioned earlier, strong resistance will be seen at 2,500-2,520 Malaysian ringgit (MYR) a tonne levels and though it looks unlikely to cross it in the near-term, indicators are slowly turning friendly. A close above 2,525 could take prices towards trend line resistance at 2,580-85 , a strong resistance point. Only an unexpected ...

  • Ii1mnzayp0nq_177_

    http://www.businessweek.com/news/2013-02-09/china-passes-u-dot-s-dot-to-become-the-world-s-biggest-trading-nation

    epsilon capital management private clients economic review

    China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries show. U.S. exports and imports of goods last year totaled $3.82 trillion, the U.S. Commerce Department said last week. China’s customs administration reported last month that the country’s trade in goods in 2012 amounted to $3.87 trillion. China’s growing influence in global commerce threatens to disrupt regional trading blocs as it becomes the most important commercial partner for some countries. Germany may export twice as much to China by the end of the decade as it does to France, estimated Goldman Sachs Group Inc.’s Jim O’Neill. “For so many countries around the world, China is becoming rapidly the most important bilateral trade partner,” O’Neill, chairman of Goldman Sachs’s asset management division and the economist who bound Brazil to Russia, India and China to form the BRIC investing strategy, said in a telephone interview. “At this kind of pace by the end of the decade many European countries will be doing more individual trade with China than with bilateral partners in Europe.” U.S. Leadership When taking into account services, U.S. total trade amounted to $4.93 trillion in 2012, according to the U.S. Bureau of Economic Ana...