The latest Market Talks covering Commodities. Published exclusively on Dow Jones Newswires throughout the day.
0407 GMT - Crude palm oil prices are expected to remain well supported, with an upside bias toward the year-end as the effects of El Nino begin to emerge, RHB Investment Bank analysts say in a note. That is likely to provide a tailwind for the Malaysian plantation industry. Dry conditions are expected to peak between October and January, with fresh fruit bunch yields forecast to decline 10%-14% in the first year of El Nino and 3%-4% in subsequent years if dry weather persists, tightening palm oil supply, they say. Indonesia's B50 biodiesel mandate is also expected to support prices by boosting domestic consumption, they add. RHB maintains an overweight rating on the Malaysian plantation sector. (yingxian.wong@wsj.com)
0306 GMT - Palm oil falls in Asian trading, weighed by drops in crude oil and softer palm olein on the Dalian Commodity Exchange, AmInvestment Bank says in a note. Palm oil is expected to trade in a range between 4,650 ringgit a ton and 4,780 ringgit a ton unless fresh geopolitical developments or stronger-than-expected export data emerge, it says. Meanwhile, technical indicators suggest crude palm oil futures continue to trend higher, reflecting steady buying interest, it adds. The Bursa Malaysia Derivatives contract for October delivery is 36 ringgit lower at 4,686 ringgit a ton. (yingxian.wong@wsj.com)
0239 GMT - Iron ore is flat in Asian trading, fluctuating between gains and losses. Prices are expected to be rangebound for now as markets await key macro events such as China's Politburo meeting and the U.S. Federal Reserve meeting, Nanhua Futures writes in a note. The most-traded iron ore contract on the Dalian Commodity Exchange is flat at 743.0 yuan a ton. (kimberley.kao@wsj.com)
0201 GMT - Base metals are mixed in early trading. Prices are fluctuating as the escalation in the Middle East conflict threatens to damp recent optimism over the global economy and demand for key metals, ANZ Research writes in a note. Nonetheless, there are signs of strong demand for copper in China, with the premium paid for imports over local supplies rising, it says. Investors are also preparing for the possibility that the Trump administration will impose levies on copper imports, driving demand into the U.S., it adds. The three-month LME copper contract trades 0.5% higher at $13,716.50, while that of nickel is 0.3% lower, and aluminum is 0.1% higher. (kimberley.kao@wsj.com)
0131 GMT - Buying Carnaby Resources gives Evolution Mining an additional source of high-quality copper-gold ore to increase production at its Ernest Henry operation, says RBC Capital Markets analyst James Redfern. He expects the economics of Carnaby's Greater Duchess project can "be enhanced under EVN's ownership and processing at Ernest Henry." A recent project study assumed a processing toll with Glencore that will now be terminated, Redfern notes. RBC keeps a sector perform rating and A$11.50-per-share price target on Evolution. Shares in the miner are up 2.7% at A$11.59. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
2350 GMT - Gold rises in Asian trade. The metal likely found some relief as oil prices retreated, bond yields inched lower and the dollar softened, says Kudo.com's Konstantinos Chrysikos in an email. The U.S. and Iran also took a pause from fighting over the weekend, which could have contributed to falling oil prices. Lower oil prices likely helps to stem global inflationary pressures, easing concerns of monetary-policy tightening. A higher interest-rate environment typically weighs on nonyielding assets like gold. Spot gold gains 1.0% to $4,093.89 a troy ounce.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
July 27, 2026 00:15 ET (04:15 GMT)
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