ST: Commodities daily update: precious metals, base metals, crude oil
- Bargain buying from jewellers kept premiums for gold bars steady in Asia, while speculators were keen to cash in after a rebound in bullion prices, dealers said on Tuesday.
- Diversified South African miner Metorex forecast higher global prices and demand for copper, mainly from China and India, on Tuesday as it posted a 5 percent rise in full-year profit.
- Kuwait has notified at least three Asian buyers it will supply October-December crude at 5 percent below contracted volumes, sources said on Tuesday, tightening supplies versus the third quarter.
- Tropical Storm Hermine slammed into northeastern Mexico near the Texas border on Monday, dumping heavy rain on a region still recovering from Hurricane Alex's visit in June.
- Crude throughput at China's leading refineries is expected to rise moderately in September from a month ago as two plants plan to rev up operations after repairs despite industry concerns on refining margins.
