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China copper imports rebound in March on term shipments HONG KONG: China's imports of copper rose 10.8 percent in March from February on expectations of increased seasonal demand through the second quarter, although shipments were still well off a record high hit in January. The resilience of imports by the world's top copper consumer could support global prices, which fell about 5 percent last month, the sharpest loss since June. On Thursday, copper traded at $6,612 per tonne, down 0.3 percent after the Chinese data was released. Arrivals of copper anode, alloy, refined metal and semi-finished copper products was 420,000 tonnes in March, up from 379,000 tonnes in the previous shorter month, customs data showed. March imports rose 31 percent from year ago, but were down from a record 536,000 tonnes in January. "The March rise was not very big because of poor arbitrage ratios in the month, cutting demand for financing imports," Yao Yao, analyst at Maike Futures ...

China's March iron ore imports up 21pc from Feb SHANGHAI: China's iron ore imports surged 21 percent to 73.96 million tonnes in March from the preceding month, customs data showed on Thursday. First-quarter shipments jumped 19.4 percent to 222 million tonnes from a year earlier. Copyright Reuters, 2014

Gold extends gains to 3rd day as rate hike fears ease SINGAPORE: Gold extended gains to a third session on Thursday, scaling fresh two-week highs, after minutes from the Federal Reserve's policy meeting showed that officials were not keen on increasing interest rates anytime soon.Gold prices came under pressure last month after Fed Chair Janet Yellen said the US central bank would probably end its massive bond-buying programme this fall and could start raising interest rates around six months later.Low interest rates, which cut the opportunity ...

LME aluminium to peak in $1,866-$1,885 range SINGAPORE: LME aluminium is expected to peak in a range of $1,866-$1,885 per tonne, as indicated by its wave pattern and a Fibonacci projection analysis. The metal is riding on the final wave of a five-wave cycle rising from the March 19 low of $1,704.25.These five waves have made up a bigger wave c, which may end in a range formed by its 123.6 percent and the 138.2 percent Fibonacci projection levels. Given that the ...

Malaysia's April 1-10 palm oil exports up 4.4pc m/m KUALA LUMPUR: Exports of Malaysian palm oil products for April 1-10 rose 4.4 percent to 306,765 tonnes from 293,879 tonnes for March 1-10, cargo surveyor Intertek Testing Services said on Thursday.Copyright Reuters, 2014

Shanghai copper to retest support at 46,080 yuan SINGAPORE: Shanghai copper is expected to retest a support at 46,080 yuan per tonne, a break below which will open the way towards 45,370 yuan.The support is at the 50 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle that developed from the March 20 low of 43,580 yuan.This wave, together with its preceding two waves labelled A, B respectively, have made up a corrective cycle which has ...

Spot gold to peak around $1,321 SINGAPORE: Spot gold may peak around a resistance at $1,321 per ounce, as indicated by a double-zigzag and a Fibonacci retracement analysis.The pattern will consist of seven waves in total, with the last wave labelled c unfolding towards $1,321, the 38.2 percent Fibonacci retracement on the fall from the March 17 high of $1,391.76 to the April 1 low of $1,277.29.These seven waves have been developing within a rising channel, the upper channel line of ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,417.53 0.01
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln