IRCo's WEEKLY MARKET SNAPSHOT: 2 - 6 August 2010

IRCo's DCP add another gain of 4.57 US cents/kg. during the week under review as the market rallied on tight physical supplies in Thailand, lower stocks positions and strong futures, despite the weak equity markets that mainly reflected the wavering US economic growth.

Crude oil stayed above the US $ 80 per barrel level with a peak at US $ 82.55 per barrel on Tuesday. Regional currencies continued strengthening against the greenback whilst the Japanese yen recorded a 15 year high of 85.55 yen on Wednesday.

(irco.biz)