Commodities

Mirroring the rise in Bangkok, frozen-bonito prices are soaring in Japan as well.

Frozen-bonito prices jump on weaker hauls, tougher rules

TOKYO -- International prices for frozen bonito used in canned tuna and dried bonito flakes have risen sharply in recent months because of poor catches and fishing regulations intended to ensure the conservation of fish stocks. Prices have soared...

  • China confirms shale gas in Chongqing field

    BEIJING -- China has verified a large field of recoverable shale gas in Chongqing, according to an announcement by the Ministry of Land and Resources. The field, under development by state-owned oil company Sinopec, holds reserves of 106.7 billio...

  • Commodity prices rise in wake of Ukraine crash

    TOKYO -- Amid increased geopolitical risks following the crash of a Malaysia Airlines jetliner in eastern Ukraine, many commodities such as wheat and platinum were bid up on the international market. Crude oil prices soared in June, when the situ...

  • Supply cut, pricing change lifts Japan gasoline prices

    TOKYO -- Gasoline prices are rising in Japan as oil distributors shut down facilities and cut production to increase their profit margins and insulate themselves against a possible price decline ahead of peak summer demand. Higher crude oil prices, t...

  • DRAM chip prices remain high on smartphone demand, PC sales

    TOKYO -- Recent bulk order prices of dynamic random access memory chips have remained high. Major DRAM chip makers are increasing supply for the growing smartphone market, raising worries about future availability for PCs. Prices may not fall until a...

  • US continues screening LNG export licenses: Department of Energy

    WASHINGTON -- U.S. Secretary of Energy Ernest Moniz said the Department of Energy will continue examining whether to approve more liquefied natural gas export licenses to countries, including Japan, that have no free-trade agreements with the U.S. ...

  • Ethylene prices in Asia hit 4-month high

    TOKYO -- The spot price of ethylene in Asia marked a four-month high amid shrinking production capacity in the region. The petrochemical fetched approximately $1,520 a ton on the spot market, up 6% on the month. The higher price of polyethyle...

  • Copper market hangs on China uncertainty

    TOKYO -- The global copper market is keeping a wary eye on China, the largest consumer of the metal. Copper prices plunged in June after it came to light that traders had apparently used stockpiles in the eastern port city of Qingdao as collateral on...

  • Commodities soar on expectations of continued US easing

    TOKYO -- Commodities are regaining their appeal worldwide, with prices of nonferrous and precious metals rising. Helping drive the trend is growing investor confidence on the back of expectations of continued monetary easing in the U.S. and receding ...

  • Platinum rises as more South African workers picket

    TOKYO -- Platinum prices are on the rise again as South Africa, the main source of the precious metal, grapples with intensifying labor unrest. On July 1, just a week after the end of a five-month strike by the South African platinum miners' unio...

  • LNG spot prices for Japan at 3-year low

    TOKYO -- Spot prices of liquefied natural gas for Japanese buyers have been hovering at the lowest level in about three years due to increased supplies and sluggish demand. Spot prices are about $11 per million British thermal units, about the sa...

  • US crude oil exports could spark change in global oil market

    TOKYO -- The recent partial lifting of a ban on crude oil exports by the U.S. government has sparked ripples in major oil markets, as it has the potential to drastically change the flow of crude oil around the globe. The partial removal of the ex...

  • Supply uncertainty keeps palladium prices at near record levels

    TOKYO -- Supply shortages continue to plague the palladium market, despite the end to a prolonged mining strike in South Africa in June. The price of the precious metal remains stuck at high levels, and users are looking for new sources of stable sup...

  • Indonesia's low-grade coal miners upbeat despite slumping market

    JAKARTA -- The future of coal is bright, according to Eric Rahardja, finance director of Indonesian coal mining firm Baramulti Suksessarana. In the midst of a slumping market, the midsize operator of two coal mines on the island of Kalimantan plans t...

  • Coking coal to stay at 4-year low of $120 per ton

    TOKYO -- Major steelmakers and natural resources companies have agreed to maintain the previous quarter's coking coal price of $120 per ton for the procurement in the July-September period. The price is the lowest since fiscal 2010, when negotia...

  • Zinc approaches 16-month high on strong auto sales

    TOKYO -- International prices for zinc continue to climb, reaching a 16-month high Friday as strong automobile sales in the U.S. and China boost demand for zinc-plated steel sheet used in auto bodies. The benchmark London Metal Exchange zinc ingo...

  • Chinese metal imports plunge amid concerns about financing fraud

    QINGDAO, China -- Chinese imports of copper and iron ore are plunging as authorities crack down on shady loans collateralized by stockpiles of the metals. In May, copper imports fell 25% on the month to 1.09 million tons, the lowest level in abou...

  • LCD panel prices up as World Cup gives kick to TV sales

    TOKYO -- Soccer fans buying TVs to watch World Cup matches contributed to higher prices for LCD panels in May, with manufacturers' shift toward panels for smartphones and 4K ultrahigh-definition sets curbing supply as well. The price of 32-inch p...

  • SGX to offer gold contract in September

    SINGAPORE -- Metal traders and investors will be able to trade gold futures contracts with physical delivery in Singapore starting in September. Driven by China and India, Asia is now the center of gold trading in terms of real demand. Singapore Exch...

  • Political jitters, easy-money policies making gold shine

    TOKYO -- Gold reached its highest price in about two months in both the New York and Tokyo markets amid geopolitical risks and continued loose monetary policies around the world. Gold futures climbed in New York for the five trading days through ...