Market News

Nickel
Vale, the world’s second-biggest nickel producer, jumped 5 percent to 29.70 reais. Demand for nickel in China, the world’s biggest user, may climb 14 percent this year as low prices encourage stainless-steel producers to use more

Pulp & Paper
Votorantim Celulose & Papel SA, which is taking over Aracruz Celulose SA to form the world’s biggest supplier to paper companies, was reiterated at “overweight” at Morgan Stanley on the prospect that it will reduce debt in the coming years and benefit from a recovery in pulp prices in 2010. Clearwater Paper Corp.The maker of pulp and paperboard was raised to “buy” from “neutral”. NBSK markets may have bottomed supported by lower inventory and increased demand from Asia

Bank
Bank Indonesia (BI) intend loosen regulations on credit problems or non-performing loan (NPL). The goal is accelerating growth in the banking credit crisis.

Crude Oil
Crude oil rose more than $2 a barrel as equities gained, signaling that some investors expect economies to stabilize, bolstering energy demand. Iran will support Oil to $70/barel

Palm Oil
palm oil stock is going to be lower than expected. The stock is expected to be lower than 1.4 million tonnes, which fuelled sentiment of a possible a squeeze in global vegetable oil supply

Coal
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same month a year earlier. The terminal on South Africa’s northeast coast shipped 4.85 million metric tons of the fuel, up from 4.62 million tons