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TOCOM hits 1-month high on oil price gain TOKYO: Benchmark Tokyo rubber futures rose for a fourth session on Monday to a one-month high, helped by gains in oil prices and on a weaker yen, but trade was light ahead of a Japanese holiday on Tuesday and with many investors away for Christmas holidays, dealers said.The new Tokyo Commodity Exchange rubber benchmark for June delivery rose 2.1 yen from its opening level to settle at 207.1 yen ($2) per kg. It climbed to as high as 207.5 yen, the highest since Nov. 21.Brent crude futures rose more than 2 percent toward $63 a barrel as Asian markets firmed into a holiday-shortened week and consensus spread that prices would likely remain above $60 for the rest of the year.Against the yen, the greenback bought 119.80, climbing back towards a 7-1/2 year high of 121.86 and away from a 115.56 trough plumbed last week."Traders were making adjustment in their positions, ...

Palm up for 4th day; export data, crude oil supports KUALA LUMPUR: Malaysian palm oil futures rose for a fourth session on Monday to a week's high as better-than-expected export data signalled firm appetite for the tropical oil, with prices underpinned by gains in crude oil and Asian equity markets.Palm oil investors are also keeping an eye on monsoon rains and flooding in parts of Malaysia, the world's second-largest grower, which may hurt December supply."The market is being supported by the bullish export figure and ...
Thai govt approves sale of 247,000 tonnes of rice BANGKOK: Thailand's military government approved the sale of 247,000 tonnes of rice in an open tender on Monday, part of its continued effort to offload rice from huge stockpiles accumulated under the previous regime.The sale was the fourth by the current government, which ousted its predecessor in a May 22 coup following months of political unrest.The government of Prime Minister Prayuth Chan-ocha, who led the May coup, has been struggling to offload some 17 million ...
India tea prices ease on higher supply MUMBAI: Average tea prices in India, the world's second-biggest producer, nudged lower at last week's auction due to a rise in supplies, though robust domestic demand capped the downside.The CTC (crush-tear-curl) grade leaf was sold at 163.86 rupees per kg last week, down 0.34 percent from the previous auction, while prices of the dust grade rose 1 percent to 161.25 rupees per kg."Supplies rose, but demand was robust from local 'packeters' due to the winter ...
China Hebei Nov steel output drops 13pc on month BEIJING: Steel output in China's biggest producing province of Hebei fell 13 percent on a daily basis in November from a month earlier as mills suspended operations during an Asia-Pacific Economic Cooperation (APEC) summit in Beijing, official data showed on Monday.Big declines in Hebei steel output were expected this month, with dozens of mills asked to suspend operations completely during Nov. 7-12 as global heads of state arrived in Beijing for the APEC session.Hebei's steel ...
Spot gold to fall into a range of $978-$1,086 in 3 months SINGAPORE: Spot gold is expected to fall into a range of $978-$1,086 over the next three months as it has broken a pivotal support at $1,200 per ounce. Support has formed around the 38.2 percent Fibonacci retracement on the rise from the 1970 low of $34.95 to the record high of $1,920.30 (in red color). The break below this support has opened the way towards $978, the 50 percent retracement.There is a higher support, however, ...
Gold inches higher on weaker dollar, Asian buying SINGAPORE: Gold edged up on Monday on buying interest from Asia and as the dollar retreated, but gains were kept in check by stronger equities that dulled the metal's safe-haven appeal.Strength in oil prices also supported bullion, but gains in gold could be difficult to hold due to expectations of higher US interest rates and a strong outlook for the dollar."The bullion market faces tough upside resistance and further gains may be an uphill battle," ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln