Commodity prices in international market latest

Commodity prices in international market latest : Commodity prices in international markets generally close higher despite a series of data pointed to weakening growth in the U.S. Total U.S. labor force last month increased only 131 thousand people, below market expectations, and the unemployment rate still 9.5%.

While the gold shining again with the increasing attractiveness of the precious metal as a safe haven. Several major commodity market developments in the international markets last week, can be summarized as follows:

GOLD
Market: Dead. Figures of disappointing U.S. labor market managed to lift the price to its highest level in three weeks. A series of weak economic data released last week had raised this appeal of the precious metal as a safe haven investment instruments.

Strengthening coincided with the weakening of Wall Street after government data showed U.S. corporate added fewer workers than expected in June.

"The number of workers provide a clear indication that growth is fairly weak in the second quarter. All of the data leads to the possibility that interest rates the Fed will lower tetap for a period longer than that, and it was very good for gold prices," said the analyst.

In London, the price closed down $ 1,207.75 per ounce Friday, up from $ 1,169.00 a week ago. On the Comex in New York, the December contract closed down $ 1,205.30, an increase of $ 1,183.90, a week ago.

SILVER

Market: Stronger. Prices rose to the rhythm of the precious metal market "All sectors recorded an increase precious metal along with the strengthening of the euro over the dollar and re-improved stock market," said Barclays Capital analyst Suki Cooper.

In London, the spot price closed down $ 18.30 per ounce Friday, rose from $ 17.66 a week earlier. In New York, the September contract closed down $ 18.47 per ounce, up from $ 18.03 a week ago.

TIN
Market: Rising. The price rally through $ 20,000 per tonne for the first time since August 2008. This industrial metals prices could touch $ 23,000, the highest in the last 23 months following the tight supplies.

"Global tin supply is limited, primarily because of declining exports from Indonesia, the world's largest tin exporter," said Commerzbank analyst. On the LME, tin three-month contract closed down $ 20,600 per tonne, higher than $ 19,540 a week ago. In Kuala Lumpur tin market, the spot price closed down $ 20,300 per tonne, up from $ 19,500 a week ago.

CRUDE OIL
Market: Several positive factors that emerged last week managed to lift oil to the highest price in the last three months above $ 82 a barrel. The market received support from the surge in the stock market, a solid banking revenue last quarter and a solid U.S. economic data early last week.

"Oil prices rose beyond expectations that the improved economic conditions will increase the demand for oil, 'said Mike Fitzpatrick of MF Global. But he warned that "financial markets" usually move in advance of the realities as they are often seen from time to time.

While traders ignored the less encouraging economic reports that emerged from China, the second largest energy consumer in the world after the U.S. In London, September Brent closed $ 81.30/barel, up from $ 77.04 a week ago. In New York, the September contract closed down $ 81.91, per barrel, up from $ 77.67 a week ago.

RUBBER
Market: Improving. Futures prices rose in line with world oil prices memulihnya. Physical prices go along with the increase in the futures market, although supply of raw materials began to rise.

In Tokyo, the benchmark contract in January 2011 on Friday last week's record 282.20 yen / kg, up from 272.00 a week ago. In Singapore, TSR-20 September closed down 308.00 U.S. cents / kg, up from 303.00 a week ago U.S. Mon.

In Thailand, the STR-20 to September recorded 3.12 USD / kg, up from $ 3.10 a week earlier. In Malaysia, the SMR-20 to September closed down $ 3.05 / kg, survival, SIR-20 ex Belawan traded 139.93 U.S. cents / lb for September and 140.16 U.S. cents / lb for October.

COFFEE
Market: Weakens. Arabica type of fall in trade with a large volume, while Robusta drop after reaching the highest level in 12 years last week. Investors to liquidate long positions to replace the September contract that will beakhir in large volumes.

A combination of factors harvests in Brazil and start the flow of supplies from Central America put pressure on the market. In London, September 2010 Robusta contract closed down $ 1,727 per tonne Friday, down from $ 1786 a week ago. In New York, September Arabica contract closed down 169.25 cents / lb, down from 175.25 the previous week

KAKAO
Market: prices slide. Action taken large investor liquidation dragged down enough in price. Cacao in London slumped to the lowest level in nine months later and farther away from the £ 2,465, the highest role in the last 32 years, which happened last week.

Report that independent analyst Hans Kilian revise upwards the Ivory Coast cocoa production gives great pressure on the market. In London, the September contract closed Friday £ 2,202 per tonne, down from £ 2,279 a week ago. In New York, the September contract closed down $ 2,996, per tonne, down from $ 3070 a week ago.

SUGAR
Market: Going down. In New York's benchmark contract falling in the biggest weekly decline since the end of May last. While technical factors leading to decline of sugar deeper.

This is related to reports that India will return to export sugar in the near future so that it will meet the supply in the market. "We do not believe the current price level and predicted further reductions will occur in the near future," said the analyst.

In London, the white sugar contract closed in October 2010 for £ 543.00 per tonne Friday, down from 577.70 pounds a week ago. In New York, raw sugar contract in October 2010 closed 18.33 cents / lb, down from 19.49 a week ago.