China’s trade surplus increases in May: The implications of a CNY723.98B trade balance for the Australian dollar
In May, China’s trade balance reached 723.98 billion yuan, up from 585.69 billion yuan reported earlier. The nation’s exports surged by 13.8% year-on-year in May, a notable increase from April’s 9.8%. Meanwhile, imports rose by 21.5% year-on-year during the same timeframe, surpassing the previous growth rate of 20.6%. When measured in US dollars, China’s trade […]
Australia has a trade surplus in April: Implications of the $1,791 million surplus for AUD/USD
Australia’s Trade Balance Surplus in April In April, Australia experienced a trade balance surplus of $1.791 billion, a shift from a deficit of $1.024 billion (which was revised from a larger deficit of $1.841 billion), as per data released by the Australian Bureau of Statistics on Thursday. This figure was very close to the market […]
Charts: Copper surplus in the US conceals refining issues
U.S. Copper Production: Potential vs. Processing Limitations The United States manages to produce more raw copper than it actually requires, yet it sits at a disadvantage with its processing capabilities. This gap means that manufacturers often rely on smelters from other countries, according to a recent report. Benchmark Mineral Intelligence highlights that the U.S. can […]
Cocoa Prices Improve as Citigroup Lowers Global Cocoa Surplus Forecast
Cocoa Prices on the Rise Amid Global Supply Changes Today, March Ice New York Cocoa (CCH26) surged by +128 (+2.18%), while March Ice London Cocoa #7 (CAH26) climbed +130 (+3.07%). The rise in cocoa prices is notable, largely due to indications that the global cocoa surplus is shrinking. Investors are covering their shorts in cocoa […]
Oversupply Drives WTI Below $58 as Global Oil Surplus Grows Deepers – Crude Oil Prices Today
Crude Oil Prices Decline Amid Oversupply Concerns West Texas Intermediate (WTI) crude oil saw a significant drop on Thursday, December 12, closing at $57.60 per barrel. This marked a week-to-date decrease of $2.48, or about 4.13%. The market sentiment remains quite bearish, largely driven by high levels of global supply, weaker demand forecasts, and diminishing […]
Cocoa Prices Rise Significantly Due to Lower Global Surplus and Inclusion in Commodity Index
On Tuesday, cocoa prices on the March ICE NY Cocoa (CCH26) rose by 181 points, or 3.17%, while March ICE London Cocoa #7 (CAH26) increased by 133 points, or 3.23%. This uptick marks the continuation of a two-week rise, reaching a three-and-a-half week high, fueled by expectations that the global cocoa surplus will be less […]
Cocoa Prices Rise as the Worldwide Cocoa Surplus Decreases
Cocoa Prices Experience Fluctuations Amid Supply Changes On Monday, cocoa prices in the New York market rose by +5 (+0.09%), while London cocoa saw an increase of +63 (+1.55%). This rise follows last Friday’s gains, with New York cocoa reaching a three-and-a-half-week high. The recent increase can be attributed to expectations of a smaller-than-previously-anticipated global […]
China Dismisses Trump Tariffs With Astonishing $1 Trillion Surplus
China seems largely unaffected by the tariff policies of the Trump administration, boasting a record trade surplus exceeding $1 trillion annually as of November. Recent customs data released yesterday indicates that China’s exports climbed 5.9% year-on-year, reaching $330.3 billion, rebounding from a 1.1% drop in October. In the first eleven months this year, the total […]
New Zealand Dollar strengthens as China’s trade surplus reaches a five-month peak.
During the Asian trading hours on Monday, buyers showed interest in the NZD/USD pair around 0.5785. The New Zealand dollar has been losing ground against the US dollar following recent trade balance data from China. Attention is now shifting toward the upcoming interest rate decision by the US Federal Reserve on Wednesday. The data released […]
Cocoa Prices Rise Significantly Due to Expected Smaller Global Surplus
Cocoa Prices Rise Amid Supply Updates On Friday, March ICE NY Cocoa closed up 210 points, marking a 3.83% increase, while March ICE London Cocoa #7 rose by 98 points, or 2.48%. Prices for cocoa climbed to a three-week high in New York, fueled by the expectation that the global cocoa surplus will not be […]