Morning Masala

Here is what others are talking about this morning.

Material makers to cut production amid demand slump

Chinese producers of copper, nickel and other materials have agreed to reduce output, aiming to chip away at supply gluts and raise prices as low demand endangers earnings.

Sugar mills prioritise whites exports as cane subsidy confirmed

Sugar mills are prioritising exports of low-quality white sugar and could focus on raw sugar exports early in 2016 after the government confirmed it will pay a cane production subsidy, European traders said

U.S. crude oil prices remain near seven-year lows as OPEC glut bites

Crude prices remained near 7-year lows in early Asian trading on Tuesday as OPEC continues to pump near record oil to defend market share, compounding a glut that is seeing hundreds of thousands of barrels produced every day in excess of demand.

Dollar benefits as commodity currencies slide on oil spill

The U.S. dollar was broadly firmer early on Tuesday and at decade-highs against its Canadian peer, which along with the Norwegian crown slid sharply on the back of a tumble in oil prices.

Stay out of MCX gold

The MCX gold futures contract is currently trading at ₹25,640. The immediate outlook is not clear since the contract has risen sharply in a short span of time. The contract needs to settle down and give a clear signal on the next direction of the move. Hence, traders can wait on the sidelines for some time.

Iron Ore Plummets Below $40 a Ton as Global Glut Hurts Outlook

Iron ore sank below $40 a metric ton on rising low-cost supply from the world’s top miners and weakening demand in China, with investors assessing the impact of the first shipments from Gina Rinehart’s Roy Hill mine within the coming days.

Neptune Orient Lines Sale Boosts Singapore’s Hub Ambitions

CMA CGM SA’s S$3.38 billion ($2.4 billion) takeover of Neptune Orient Lines Ltd. offers two advantages for Singapore: It allows state investment firm Temasek Holdings Pte to get rid of a money-losing business, while furthering the city-state’s ambitions as a shipping hub.

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