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China allows gold imports via Beijing: sources SINGAPORE: China has begun allowing gold imports through its capital Beijing, sources familiar with the matter said, in a move that would help keep purchases by the world's top bullion buyer discreet at a time when it might be boosting official reserves.The opening of a third import point after Shenzhen and Shanghai could also threaten Hong Kong's pole position in China's gold trade, as the mainland can get more of the metal it wants directly rather than through a route that discloses how much it is buying.China does not release any trade data on gold. The only way bullion markets can get a sense of Chinese purchases is from the monthly release of export data by Hong Kong, which last year supplied $53 billion worth of gold to the mainland."We have already started shipping material in directly to Beijing," said an industry source, who did not want to be named ...

China's March refined copper output up 7.8pc on year SHANGHAI: China's refined copper output rose 7.8 percent in March from a year ago to 594,075 tonnes, data from the statistics bureau showed on Friday. Primary aluminium production in the same period rose 12.9 percent to 1.98 million tonnes, the data showed.China is the world's top producer and consumer of refined copper and primary aluminium. Copyright Reuters, 2014 ...
Shanghai copper slips; spot premiums jump to highest this year SINGAPORE: Shanghai copper futures slipped on Friday after jumping the most in 2-1/2 weeks, but premiums in the spot market rose to their highest this year indicating growing demand in top consumer China. The most-traded July copper contract on the Shanghai Futures Exchange closed down 0.5 percent at 46,360 yuan a tonne, after gaining over 1 percent on Thursday. Copper has been under pressure since a bond default by a Chinese company last month sparked ...
Palm falls on profit-taking, but posts biggest weekly gain in seven KUALA LUMPUR: Malaysian palm oil futures edged lower in thin trade on Friday, as investors continued to book profits from big gains earlier this week, with weakness in overseas soy markets and a firm ringgit also dragging.Benchmark prices however notched a 0.8 percent gain this week, their biggest rise since early March, lifted by anticipation of a recovery in food and fuel demand for the tropical oil."Today there's a continuation of yesterday's profit-taking but without ...
India's Oct 1-April 15 sugar output down 4pc y/y MUMBAI: Indian mills produced 23.15 million tonnes of sugar between Oct. 1 and April 15, down 4 percent from a year earlier, a producers' body said. Indian mills had produced 1.54 million tonnes raw sugar by the end of March and of that 850,000 tonnes was exported, the Indian Sugar Mills Association (ISMA) said in a statement on Thursday. In March alone, mills shipped 350,000 tonnes of raw sugar and they are likely to benefit ...
Indonesian steel imports could increase on power subsidy cut JAKARTA: Indonesia's plan to axe electricity subsidies for industrial users this year could increase the country's steel imports, an industry body said, warning that bigger iron smelters could close their operations before paying a 64 percent hike in rates.The staged increases to industrial power tariffs due to commence in May and continue until the end of the year are among government reforms to alleviate some of the roughly 280 trillion rupiah ($24 billion) Southeast Asia's ...
China's average daily steel output rises in early April SHANGHAI: China's average daily crude steel output rose 3.8 percent in the first ten days of April from the previous 11-day period, China Iron & Steel Association data showed on Thursday.Daily output stood at 2.152 million tonnes for April 1-10, up from 2.073 million tonnes logged over March 21-31, according to the CISA data.CISA estimated the country's total production based on its key members, including more than 80 large steel groups that account for about ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln