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Indonesia plans to change some fuel import sources to US as part of tariffs negotiation, minister says
JAKARTA, May 9 (Reuters) - Indonesia's energy minister said on Friday the country planned to change the source of some of its fuel imports from Singapore to the United States as part of tariffs negotiations.Reuters
Fri, May 9
FOCUS-Walmart calls, but India's garment worker woes blunt tariff edge
American retailers ramp up queries to India apparel hub Heftier US tariffs on China, Bangladesh make India competitiveIndia's Tiruppur textile hub faces worker shortage, higher costsBangladesh still has advantage on labour rates, larger factories By Dhwani Pandya, Praveen Paramasivam, Ruma Paul ...Reuters
Fri, May 9
TECHNICALS-CBOT soybeans to fall into $10.16-3/4 to $10.26-1/4 range
For more technical analyses, please click SINGAPORE, May 9 (Reuters) - The CBOT soybean July contract SN25 is expected to break support at $10.36 per bushel, and fall into $10.16-3/4 to $10.26-1/4 range.The bounce from the May 8 low of $10.36-1/2 ended around resistance at $10.48. It is considered t...Reuters
Fri, May 9
China's first four-month steel exports at record high despite tariff turmoil
BEIJING, May 9 (Reuters) - China's steel exports in April topped 10 million metric tons for a second straight month bringing the total in the first four months to a record high, underpinned by front-loaded shipments ahead of U.S. President Donald Trump's hefty tariffs.Reuters
Fri, May 9
US imposes Iran-related sanctions on third China 'teapot' refinery, port terminal
Trump targets 3rd independent China refiner for taking Iran oilPrior sanctions on China teapots have led to halt in purchasesNext round of talks expected over weekendCompanies operating terminal at Shandong port targetedLatest sanctions fall short of 'turning point' - analystBy Timothy Gardn...Reuters
Fri, May 9
REFILE-Oil prices little changed ahead of Sino-US trade meeting
May 9 (Reuters) - Oil prices were little changed early on Friday after rising more than 3% in the previous session, as trade tension between top oil consumers U.S. and China showed signs of easing and Britain announced a "breakthrough" trade deal with the United States.Brent crude LCOc1 rose...Reuters
Fri, May 9
GRAINS-Chicago soybeans dip on rising competition; wheat rises on China dry weather
By Ella Cao and Lewis Jackson BEIJING, May 9 (Reuters) - Chicago soybean futures eased on Friday due to weak demand and rising global competition from Latin American countries, amid caution ahead of the looming U.S.-China talks this weekend and a U.S. Department of Agriculture (USDA) report next ...Reuters
Fri, May 9
METALS-Metals in tight range ahead of China-US trade talks
SHANGHAI, May 9 (Reuters) - Metal prices in London traded in tight ranges on Friday as traders waited cautiously ahead of the U.S.-China trade talks this weekend.Benchmark copper CMCU3 on the London Metal Exchange (LME) fell 0.3% to $9,405 a metric ton as of 0135 GMT. U.S. President Donald Trump and...Reuters
Fri, May 9
GRAINS-Chicago soybeans dip on rising competition; wheat rises on China dry weather
BEIJING, May 9 (Reuters) - Chicago soybean futures eased on Friday due to weak demand and rising global competition from Latin American countries, amid caution ahead of the looming U.S.-China talks this weekend and a U.S. Department of Agriculture (USDA) report on Monday.Wheat gained on drought conc...Reuters
Fri, May 9
PRECIOUS-Gold firms on dip buying; US-China trade talks in focus
May 9 (Reuters) - Gold prices firmed on Friday, as investors bought bullion following a decline in the previous session, while markets looked ahead to U.S.-China trade talks due this weekend.FUNDAMENTALS * Spot gold XAU= rose 0.1% to $3,309.39 an ounce, as of 0024 GMT. U.S. gold futures GCcv1 firmed...Reuters
Fri, May 9
CIF/FOB Gulf Grain-Corn barge bids soften despite strong export pace
CHICAGO, May 8 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals ticked lower on Thursday, despite a brisk U.S. export pace, while soybean barge bids firmed a bit in quiet trade, traders said.The U.S. Department of Agriculture reported export sales of U.S. old-crop corn...Reuters
Fri, May 9
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 9 (Reuters) - Contract Target Support/Resistance Brent oil $63.78/$64.83sup $62.67/$61.98Palm oil (3rd month)3,867/3,906 ringgitsup 3,804/3,765 ringgitWTI* $61.38/$62.82sup $59.05/$57.61Spot gold$3,274/$3,246res $3,355/$3,391LME copper (3rd m...Reuters
Thu, May 8
Trump, Starmer hail limited US-UK trade deal, but 10% duties remain
Starmer says 'historic' deal to expand US-UK trade Deal opens 'a tremendous market' for the US - TrumpDeal is first since Trump launched global tariff warBaseline 10% tariff on UK goods to remain, Trump saysBy Andrea Shalal, Alistair Bell and Andrew MacAskill WASHINGTON/LONDON, Ma...Reuters
Thu, May 8
Near-record US container import streak expected to snap in May due to tariffs
US imports up 9% year-over-year in AprilMay imports at two largest US ports falling sharply this month Maersk said April US-China volume plunged 30-40%, underscoring May declinesTrump says of cargo declines: "That means we lose less money."By Lisa Baertlein and Andrea Shalal LOS ANGELES/W...Reuters
Thu, May 8
Chile's Copec Q1 profit falls 8.5% on weaker forestry unit
By Natalia SiniawskiMay 8 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN on Thursday posted an 8.5% drop in first-quarter profit, as weaker forestry results from lower pulp prices and panel volumes were partly offset by a stronger energy sector performance.First-quarter profits ...Reuters
Thu, May 8
RPT-EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
U.S. sanctioned Luqing, Shengxing refiners over Iranian oilKey port operator rejects shipments to those refiners, sources saySanctions create hurdles for finance and sales, sources sayMeasures deter other 'teapots' from buying Iran oil, sources say By Siyi Liu, Trixie Yap and Chen Aizhu S...Reuters
Thu, May 8
US energy companies seek exemption from Trump plan to move LNG on US-built ships
USTR rules on LNG shipments surprised industryRules go against Trump vow to support US energy dominanceRules would disadvantage US LNG exporters in global marketIndustry says dearth of US shipbuilding makes compliance difficult By Lisa Baertlein and Jarrett Renshaw LOS ANGELES/WASHINGTON, May 7 (...Reuters
Thu, May 8
