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China iron ore futures rebound as cash squeeze eases SHANGHAI: Chinese iron ore and steel futures rebounded on Tuesday after the central bank injected funds into money markets, easing investor concerns about a cash squeeze that had roiled the country's markets over the past week.Tight liquidity and tepid demand had dragged down steel prices to a one-month low and iron ore to a contract low on Monday, and traders expect upside for the two commodities to be capped as market fundamentals haven't improved."It's more a technical rebound for the two commodities that were falling over past few sessions, but the cash squeeze will be the main theme and demand is still weak," said a futures broker in Shanghai.The 7-day cash rate rose towards 10 percent last week and again on Monday, suggesting a shortage of cash in the market. Some steel and iron ore traders had to liquidate their stocks to raise cash, pressuring prices of the alloy and ...

LME copper to rise into $7,684-$7,728 range in three months SINGAPORE: LME copper is expected to rise into a range of $7,684-$7,728 per tonne over the next three months, driven by a wave c. This is the third wave of a three-wave cycle that developed from the June 25 low of $6,602. At its full capacity, the wave c may travel to $7,728, its 100 percent Fibonacci projection level. The first wave, the wave a, has ended around a resistance at $7,428, the 38.2 percent ...
China's 2013 sugar imports cross 4mn tonnes after Nov jump BEIJING: China's sugar imports will comfortably exceed 4 million tonnes for the first time since the mid-1990s this year, driven by tumbling global prices and the country's stockpiling programme to help local farmers. The world's second-largest consumer after India imported 475,714 tonnes of sugar in November, a near four-fold rise on the same month of last year, official data showed on Monday. Imports for the first 11 months climbed 18 percent to 4.1 million tonnes. ...
China Nov corn imports from US up 108 pct at 787,043 tonnes BEIJING: China, the world's second-largest corn consumer, imported 787,043 tonnes of corn from United States in November, up 108 percent from a year ago, according to official Chinese Customs data issued on Monday. The figure was lower than forecast by analysts after strict checks by China's quarantine authorities interrupted shipments. JC ntelligence Co. Ltd had earlier estimated November imports at 1.2 million tonnes. China's quarantine authority has rejected more than half a million tonnes of ...
Palm oil stretches gains into 3rd day on weak ringgit KUALA LUMPUR: Malaysian palm oil futures inched up on Monday, stretching gains into a third straight day as the ringgit's poor performance stoked demand from overseas buyers, while concerns over supply disruption due to monsoon floods also buoyed prices.The Malaysian ringgit touched a fresh three-month low on Monday, falling 0.29 percent to trade at 3.2935 versus the U.S dollar. The weaker ringgit makes Malaysian palm cheaper for overseas buyers and refiners, prompting them to book ...
Vietnam 2013 coffee exports drop 25.7pc y/y to 1.29mn tonnes HANOI: Vietnam, the world's largest robusta producer, could export 120,000 tonnes (2 million bags) of coffee this month, a drop of 50 percent from the same month in 2012, the government said on Monday, above market expectations. Coffee exports in November were at 80,000 tonnes as previously estimated, the government's General Statistics Office said in its monthly report. Coffee exports in 2013 are seen at 1.29 million tonnes, a fall of 25.7 percent from last ...
Soybeans ease after rally, corn falls from 1 week top SINGAPORE: US soybean futures ticked lower on Monday, giving up some of their gains in the past two sessions that were triggered by concerns over dry weather hurting crops in Argentina.Wheat was little changed, languishing around its lowest level since mid-2012 amid pressure from plentiful global supplies, while corn eased from Friday's one-week high.Chicago Board Of Trade January soybeans dipped 0.1 percent to $13.37-3/4 a bushel by 0302 GMT after rising 1.1 percent in the ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln