The weather in North America is at the coldest rate in 30 years, making all activities seem to be stalled, while the price of crude oil, gas soaring has dragged the prices of many other goods up …
Robusta London T5 / 2021 chart session on February 16, 2021
Ending the session, Robusta coffee prices on ICE Europe – London reversed and recovered. Futures for delivery in March increased 6 USD, to 1,338 USD / ton and futures for May delivery rose 7 USD, to 1,363 USD / ton, the slight increase. Trading volume on mmedium breast.
Similarly, Arabica coffee prices on the ICE US – New York floor also reversed and recovered. Futures for delivery in March increased 3.2 cents, to 124.35 cents / lb and futures for May delivery rose 3.15 cents, to 126.2 cents / lb, the strong increases. Trading volume maintained very cpond above average.
The price of coffee beans in the Central Highlands provinces increased by 100 VND, up to fluctuate in the frame 31,500 – 32,000 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,443 USD / ton, FOB – HCM, with a difference plus 70-80 USD / ton in term of May in London.
Reais copper fell slightly by 0.02%, to $ 1 = 5,3720 Reais due to external market activity, while economic activity was still sluggish. Carnival lasts until the end of Wednesday.
Coffee prices rebounded when the expiration date of the March option contract was also near, on ICE – New York was on 18/02 and on ICE – London on 23/02. Typically, there will be two basic activities taking place in addition to the regular activities of clearing the current position of the open contract or changing the forward month. To speculate which state the speculation is in (long good short) need to keep track of the Trader Commitment Report (CFTC), periodically on the closing Tuesday and the Friday of the Report, with specific figures of each short and long term speculators and their positions. holding.
Vietnam’s domestic market started to operate again after a long holiday to celebrate the New Year’s Eve. However, due to the negative impact of the disease spreading and especially the price level in London has not been improved, making the market continue to be quiet.
English (giacaphe.com)
