Riot on Capitol Hill caused USDX to decline, speculative capital flow continued to push gold prices soaring and coffee prices continued to fall deeply in the psychology of risk aversion …
Robusta London chart on Tuesday / 2021 session on January 6, 2021
KAt the end of the session, Robusta coffee prices on ICE Europe – London dropped for the third consecutive session. Futures for delivery in March decreased by 9 USD, down to 1,356 USD / ton and futures for May delivery decreased by 8 USD, to 1,366 USD / ton, the slight decrease. Trading volume below average.
Similarly, Arabica coffee price on ICE US – New York floor also dropped for the third consecutive session. Futures for delivery in March decreased by 4.2 cents, down 120.9 cents / lb and futures for May delivery decreased by 4.15 cents, to 122.95 cents / lb, the declines very strongly. Trading volume very high above average.
The price of green coffee in the Central Highlands provinces decreased by 100-200 VND, down fluctuating in the frame of 32,100 – 32,600 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,466 USD / ton, FOB – HCM, with the difference plus 80-100 USD / ton in term of May in London.
Reais copper fell another 0.77%, to $ 1 = 5,3050 Reais during a session influenced by external politics when news of riots occurred on Capitol Hill caused the session to confirm the US president election stalled.
Meanwhile, the growing fear of the covid-19 epidemic, due to the lack of immunization campaigns could delay the world economic recovery, prompting investors to continue withdrawing capital to seek shelter, pushing prices. Gold climbed to a high level and USD was temporarily not selected.
Coffee prices on the two world futures floor dropped for the third consecutive session because the main growing areas in Brazil were raining and many other producing countries were harvesting new crops. While the increase of social distancing measures in European countries also reduces the consumption of coffee.
English (giacaphe.com)
