Trump Says U.S. Will Hit Iran Tonight, Threatens -2-

0244 GMT - Palm oil rises in Asian trading, driven by stronger export demand and lower crude palm oil production in Malaysia, PhillipCapital says in a note. Malaysia's palm oil exports for June 1-10 are estimated to have risen 4.9% from the same period last month, according to cargo surveyor AmSpec Agri Malaysia. A weaker ringgit is also seen supporting crude palm oil demand as it makes the commodity cheaper in foreign currency terms, it adds. PhillipCapital expects prices to face resistance at 4,680 ringgit a ton and find support at 4,350 ringgit a ton. The Bursa Malaysia Derivatives contract for August delivery is 29 ringgit lower at 4,567 ringgit a ton. ([e-mail])

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Iron Ore Prices Mixed, Supply Remains Ample -- Market Talk

0229 GMT - Iron ore prices across different futures contracts are mixed in early Asian trade, with the most-traded contract on the Dalian Commodity Exchange 0.3% lower at 765.5 yuan a ton. Global iron-ore shipments remain elevated, weighing on the ferrous metal's prices, Nanhua Futures says in a note. Although shipments from Brazil are relatively softer, exports from other non-mainstream mines have increased, they note. Chinese steel mills' profits are contracting as current steel prices are close to costs. However, thin margins haven't resulted in production cuts, keeping molten iron production stable as well, Nanhua adds. ([e-mail])

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Strong El Nino, Rising Biofuel Demand Could Lift Palm Oil Prices in 2H -- Market Talk

0128 GMT - Crude palm oil prices are expected to rise in 2H, supported by a potential strong El Nino and elevated prices for rival soybean and rapeseed oils, driven by rising biofuel consumption, CGS International analysts Jacquelyn Yow and Prem Jearajasingam say in a note. They expect inventories to ease in June, helped by tighter export availability from Indonesia and higher domestic consumption under Malaysia's B12 biodiesel program. CGS maintains an overweight rating on the Malaysian plantation sector, adding that upstream producers like TA Ann, Hap Seng Plantations and SD Guthrie are key beneficiaries of sustained CPO strength. ([e-mail])

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Copper Falls; Middle East Tensions, Tighter Liquidity Concerns Weigh -- Market Talk

0118 GMT - Copper falls in early trade, with the three-month contract on the London Metal Exchange 0.4% lower at $13,466.50 a ton. Base metals have come under broad selling pressure as escalating tensions in the Middle East once again weigh on investors' risk appetite, ANZ Research analysts say in a note. Traders also appeared focused on tighter global liquidity after last week's strong U.S. employment data spurred interest rate hike expectations. Still, ANZ says long-term demand outlook for base metals remains intact. It cites a report that China is planning to invest about 2 trillion yuan over the next five years in data center construction. ([e-mail])

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(END) Dow Jones Newswires

06-11-26 1219ET