The resurgence of the covid-19 epidemic report prompted many countries to expand their social measures, sparking fears of slowing global coffee demand, while coffee markets in the period. the term also needs to adjust to accumulate after the previous series of hot rises.
Robusta London chart May / 2021 week 15 (April 12, 2021 – April 17, 2021)
For the whole week 15, London market had 3 gaining sessions and 2 decreasing sessions. Robusta coffee futures for delivery in May increased all 11 USD, ie increased 0.82%, to 1,354 USD / ton and futures for delivery in July increased all 17 USD, or up 1.25%, to 1,383 USD. per ton, significant increases. Trading volume above average.
Meanwhile, the New York market also had 4 gaining sessions and 1 decreasing session. Arabica coffee futures for immediate delivery in May increased by all 1.9 cents, or 1.49%, to 129.15 cents / lb and for July futures increased by all 2.05 cents, or 1, 59%, to 131.2 cents / lb, significant gains. Trading volume very high above average.
The price of coffee beans in the Central Highlands market increased by 200-300 VND, up fluctuating in the frame 31,800 – 32,500 VND / kg.
Two-floor coffee prices followed the cautious rise when the Reais copper of Brazil was still weakening and Arabica inventories managed by ICE – New York increased continuously for the past 5 months, continuing to recover from historic lows. 21 years were announced last October.
However, coffee prices recovered due to the impact of the financial market when US stocks exceeded record levels and especially long-term yields on US Treasury bonds increased. “Haven’t seen yet”, although in the last session of the week it fell sharply again.
The latest Trader Commitment Report (CFTC) from the Arabica coffee market in New York showed that as of Tuesday, April 6, the non-commercial speculation division had reduced their net buying position by 43, 95%, down registered to net buy at 6,860 lots, equivalent to 1,944,780 bags. This net buying position is likely to have slightly increased again after a more positive trading period since then.
The latest CFTC report from Robusta coffee market in London shows that, by the same reporting period, short-term speculation of money management funds has turned to net sell position at 530 lots, equivalent to 88,333 bag. This net sell position is likely to remain stable after a period of sideways trade since then.
Inventory of Robusta coffee certified and tracked by the London floor, as of Monday, April 12, it decreased by 1,060 tons, or 0.72% from a week earlier, to register at 146,620 tons. (equivalent to 2,443,667 bags, 60 kg bags).
English (giacaphe.com)
