Most investors have left the coffee futures exchanges in the world due to the long Christmas break and the 2021 New Year holiday is also near …
Robusta London chart on Tuesday / 2021 session on December 23, 2020
KAt the end of the session, Robusta coffee prices on ICE Europe – London were stable. Spot futures for January increased 1 USD, to 1,359 USD / ton, while futures for March delivery decreased by 1 USD, to 1,378 USD / ton and for May delivery decreased by 1 USD, to 1,387 USD / ton ,, very slight increase / decrease. Trading volume quite high above average.
In contrast, Arabica coffee prices on the ICE US – New York floor increased. Futures for delivery in March increased by 0.35 cents / lb, to 124.55 cents / lb and for May futures increased by 0.3 cents, to 126.45 cents / lb, the slight increase. Trading volume very low below average.
The price of green coffee in the Central Highlands provinces has not changed, still fluctuating in the frame of 32,600 – 33,000 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,458 USD / ton, FOB – HCM, with a difference plus 60-80 USD / ton in term of March in London.
Reais copper fell another 0.71%, to stand at $ 1 = 5,2000 Reais due to the adjustment of position and caution of investors at the end of the year. The external market continues to show concern about a variant of the new strain coronavirus, although there is some peace of mind when the vaccine is being released. Meanwhile, there was opposition to the US president’s $ 900 billion financing package, arguing that the accompanying terms were unreasonable, not focusing on sponsoring Americans who lost their income due to the epidemic. covid-19 disease.
Coffee prices on two futures floors only fluctuated slightly. In particular, the trade volume is very low at the Arabica coffee floor of New York due to the majority of investors going on a long Christmas holiday, while the trade volume is quite high on the London Robusta coffee floor by investors. Continuing to adjust and balance the position because the term option contract expires in January 2021 and the first delivery date (FND) is conducted.
New season sales pressure from manufacturers continues to put pressure on markets, while the Christmas holiday and New Year’s Eve 2021 are nearing and global consumption concerns decline due to the covid epidemic- 19 so the buying force is still not significant. These are also the basic factors that dominate the coffee futures market until the beginning of the new year 2021.
Notification:
- Thursday, December 24: New York Stock Exchange closes 30 minutes early.
- Friday, December 25: Christmas markets closed, closed with no transactions.
English (giacaphe.com)
