Commodities

DRAM prices still falling, but NAND prices may hit bottom in 2016

TOKYO -- While prices of DRAM memory chips continue to drop as the market shrinks, NAND flash memory chips could bottom out before year-end.Both types of chips store programs and data in personal computers, servers, smartphones and other digital gadg...

  • Oil prices hit fresh 2016 highs on weak dollar, US output fall

    SINGAPORE (Reuters) -- Oil prices edged to new 2016 highs on Friday, lifted by a weak dollar and falling production in the United States, although a looming rise in Middle East output capped gains.Brent crude futures were trading at $48.30 a barrel a...

  • Commentary

    Edward Morse and Aakash Doshi -- Commodities prices are stumbling toward 'normality'

    A change in economic and industry conditions is likely to revive commodities prices in the months ahead.

  • Commodities volatile in China as speculators shun stocks

    HONG KONG -- Prices of steel rebar, iron ore and coal have been swinging widely in China as the commodities attract speculative money that fled the equities and real estate markets. Mainstay futures contracts for iron ore fell more than 5% Wednes...

  • For commodities markets, the bad times are just beginning

    BANGKOK -- For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as long...

  • Japanese oil majors boost gasoline, diesel exports

    TOKYO -- Japanese oil companies are increasing exports of petroleum products to Asia, hoping to offset sluggish domestic demand by cultivating customers in countries such as Singapore where demand is growing. Idemitsu Kosan exported 400,000 kilol...

  • What silver's popularity over gold means

    TOKYO -- Silver prices have been on a strong rising trend lately. As of the end of last week, silver futures prices hit $16.9 per troy ounce in New York, 23% higher than they were at the end of last year. Silver has been outperforming other commo...

  • LME looking to tap Asian demand, chief says

    LONDON -- The London Metal Exchange aims to attract more market players in China, India and other parts of Asia, CEO Garry Jones told The Nikkei, amid intensified competition from rivals around the world. Copper and aluminum prices plunged in 201...

  • Traders seek gold as alternative to softening greenback

    TOKYO -- Although gold is losing appeal as a safe haven as oil prices and financial markets settle down, big investors focused on its use as a currency alternative are keeping its price high as the dollar weakens. Gold futures are hovering around...

  • Japanese steelmakers to hike prices despite weak demand

    TOKYO -- Japanese steel manufacturers are raising their prices despite sluggish demand at home. Whether their customers will fork out more money, however, remains to be seen. The seemingly contradictory move is attributed mainly to a rise in pric...

  • Iron ore producers shave output forecasts

    SYDNEY -- Three major mining conglomerates cut short-term projections of iron ore output by around 5% in quarterly filings through Thursday, sending prices surging 11% from the previous weekend amid expectations of a supply crunch. Rio Tinto trim...

  • Saudi Arabia slowly losing oil market share

    TOKYO -- Saudi Arabia, the world's biggest exporter of crude oil, is slowly but surely shrinking in global markets, recent statistics revealed. The setback is due to intensifying competition from Russia and other oil producers. At a summit of...

  • Commodities rise on bargain hunting, supply concerns

    TOKYO -- Commodities prices have been recovering in recent months as investment funds take advantage of an earlier market slump and speculation picks up regarding reduced supplies of such products as crude oil and grains. The Thomson Reuters Core...

  • Saudi Arabia's rivalry with Iran dims hopes of an oil deal

    TOKYO -- Major oil-producing nations failed to agree on a deal to freeze output at their meeting in Qatar's capital of Doha on April 17, after Saudi Arabia demanded that Iran join the accord. The development sent crude oil prices falling sharply....

  • Commentary

    Edward Alden: How to solve the global steel glut

    International negotiations are preferable to protectionist trade tariffs, argues Edward Alden

  • China, major steel producers fail to reach overcapacity deal, US chides Beijing

    BRUSSELS/WASHINGTON (Reuters) -- China and other major steel-producing countries failed on Monday to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting U.S. criticism of Beijing's approach. ...

  • Regional rivalry thwarts oil production freeze

    DOHA, Qatar -- A meeting Sunday here among major oil-producing nations to hammer out a deal to freeze increases in output ended without an agreement, as the rivalry between Saudi Arabia and Iran trumped the pursuit of common interest. Some countr...

  • Is the commodities rebound over?

    BANGKOK -- The collapse of talks in Doha on April 17 among major oil producers aimed at freezing output levels and curbing the global supply glut has renewed broader concerns about the state of the global commodities market. The meeting of the Or...

  • Oil prices tumble after Saudi-Iran tensions sink output deal

    SINGAPORE (Reuters) -- Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. ...

  • Asia's spot LNG prices down 40% this year

    TOKYO -- Spot prices in Asia for liquefied natural gas remain in the basement due to a global glut and slowing demand. Crude oil prices, which plunged at the beginning of the year, are also playing a role. Now Japan's electric power companies...