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TOCOM jumps to 1-month high tracking Shanghai rally TOKYO: Benchmark Tokyo rubber futures jumped more than 4 percent to a one-month high on Thursday, as surging Shanghai futures led investors to quickly unwind short positions while firmer Tokyo equities also lifted market sentiment, dealers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have been under pressure since hitting the lowest level since July 2009 earlier this month amid nagging worries over sputtering growth in top buyer China.But the TOCOM rubber contract for May delivery closed 6.6 yen, or 4.2 percent, higher at 164.7 yen ($1.34) per kg, after climbing to as high as 166.9 yen, the highest since Oct. 26. It also marked the biggest one-day leap since May this year."A sharp rise in Shanghai rubber prompted a flurry of buys from early trade," said a Tokyo-based dealer who declined to be named.The most-active rubber contract on the Shanghai Futures ...

Thailand expects to sell 200,000 tonnes of rice to Iran BANGKOK: Thailand's commerce ministry said on Thursday it expects to sell 200,000 tonnes of rice to Iran, following a delegation visit to the Middle Eastern country.Deputy Commerce Minister Suvit Maesincee said Iran has expressed interest in importing 200,000 tonnes of rice from Thailand and is in talks with Thai rice exporters, but details of the deal remain unclear.Commerce ministry officials and representatives from 53 private companies visited Iran this week. The visit to Iran was ...
Spot gold neutral in $1,064.95-$1,087.41 range SINGAPORE: Spot gold remains neutral in a narrow range of $1,064.95-$1,087.41 per ounce, and an escape will point a direction.The range is formed by the Nov. 18 low and the Nov. 20 high. Wave pattern suggests that gold is riding on a wave C, the third wave of a three-wave cycle from the Jan. 22 high of $1,306.20.A rise above $1,087.41 could be extended to $1,103, the 38.2 percent Fibonacci projection level of the wave ...
LME aluminium may break resistance at $1,494 SINGAPORE: LME aluminium may test a resistance at $1,494 per tonne, with a good chance of breaking above this level and rising to the next resistance at $1,509.These resistances are identified respectively as the 61.8 percent and the 76.4 percent Fibonacci retracements on the fall from the Nov. 6 high of $1,532 to the Nov. 23 low of $1,432.50.The strength of the bounce from this low indicates it may be reversing a downtrend from the ...
Shanghai copper to rise to 35,840 yuan SINGAPORE: Shanghai copper is expected to rise to 35,840 yuan per tonne, as it has cleared a resistance at 34,810 yuan.The resistance was provided by the 23.6 percent Fibonacci retracement on the fall from the Oct. 15 high of 40,200 yuan to the Nov. 24 low of 33,150 yuan. The bounce from this low has extended towards the 38.2 percent retracement at 35,840 yuan.A break below 34,810 yuan, now a support, could cause a loss ...
Palm oil may revisit Nov 9 high of 2,384 ringgit SINGAPORE: Palm oil may break resistance at 2,348 ringgit per tonne and revisit its Nov. 9 high of 2,384 ringgit. The consolidation from the Sept. 29 high 2,460 ringgit has been shaped into a triangle, the upper trendline of which provides resistance at 2,348 ringgit. This is most likely to be a bullish continuation pattern, to be followed by another round of rally, as it developed after an uptrend. Support is at 2,326 ringgit, the ...
Asia rice prices high in Vietnam on tight supply HANOI: Asian rice markets saw little movement over the past week due to thin demand, while tight supply kept prices high in Vietnam and purchases by China and some Middle East clients failed to move up Thai prices, traders said on Wednesday.The rice export markets in Thailand and Vietnam, the world's second and third biggest exporters of the grain after India, could stay quiet until early 2016 as most demand has been met before the ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln