Just in:  

You are here: Home»Markets»Commodities»Asia



Shanghai copper may break resistance at 47,280 yuan SINGAPORE: Shanghai copper third month may break a resistance at 47,280 yuan per tonne, and then rise into a range of 47,450-47,610 yuan.The wave pattern suggests copper is riding on a wave c, the third wave of a three-wave cycle that developed from the Nov. 5 low of 46,510 yuan, and it is capable of traveling to 48,130 yuan, the 100 percent Fibonacci projection level.The immediate resistance is at 47,280 yuan, the 38.2 percent level. Copper failed to overcome this barrier in its first attempt, but may succeed in its current attempt.No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014 ...

Palm oil to bounce to 2,256 ringgit SINGAPORE: Palm oil is expected to rebound to 2,256 ringgit per tonne, as it will continue to consolidate within a triangle. After touching the lower trendline of the pattern, about 2,213 ringgit, palm oil has been bouncing up towards the upper trendline resistance around 2,256 ringgit. Wave pattern suggests the current bounce could be driven by a wave c, the third wave of a three-wave cycle that rose from the Nov. 7 low of 2,193 ...
Asian stocks mixed at end of a downbeat week HONG KONG: Asian markets were mixed Friday with a record close on Wall Street unable to lift investors at the end of a disappointing week that saw Japan plunge into recession and a trumpeted Hong Kong Shanghai exchange link-up fall flat.The yen made some minor gains against the dollar and euro after hitting multi-year lows, but with eyes on next month's general election analysts expect it to resume its downtrend.Tokyo fell 0.85 percent and Sydney ...
Palm down more as Malaysian exports weaken JAKARTA: Malaysian palm oil weakened further on Thursday after export data from the world's second-largest producer and declines in competing bean oil markets weighed on prices, but a weaker ringgit provided some support."The weak ringgit, that would encourage exports, but the first 20 days export figure came out and it's not what was expected, it was down," said a trader with a foreign commodities brockerage in Kuala Lumpar.Exports of Malaysian palm oil products for Nov. ...
Asian rubber producers agree to manage exports to fight oversupply KUALA LUMPUR/SINGAPORE: Top Asian rubber producers have agreed to "manage" exports to international markets to curb excess supply, although analysts said the step would have little impact on battered prices without a robust pickup in demand.Benchmark rubber prices have fallen a quarter this year, standing just above five-year lows plumbed last month amid a supply glut deepened by a slowing economy in top consumer China.Thailand, Indonesia and Malaysia, which produce nearly 70 percent of the ...
Great apes facing 'direct threat' from palm oil farming KUALA LUMPUR: The destruction of rainforests in Southeast Asia and increasingly in Africa to make way for palm oil cultivation is a "direct threat" to the survival of great apes such as the orangutan, environmentalists warned Thursday. They said tropical forests were continuing to tumble at a rapid rate, with palm plantations a key driver, despite a decade-old drive by the industry's Roundtable on Sustainable Palm Oil (RSPO) to encourage sustainable cultivation.The concerns were voiced ...
India yet to take call on extending sugar export sops NEW DELHI: India is yet to take a call on extending sops for overseas sale of sugar in the 2014/15 season, Food Minister Ram Vilas Paswan said on Thursday.The minister also said mills owed about 43 billion rupees ($692 million) to cane growers for the last season ended Sept. 30.Sugar season in India, the world's second biggest producer after Brazil, runs from October to September.Copyright Reuters, 2014 ...


ArrowDJIA 17,828.24 0.01
ArrowNasdaq 4,791.63 0.09
ArrowS&P 2,067.56 0.25
ArrowFTSE 6,722.62 0.01
ArrowDAX 9,980.85 0.06
ArrowCAC-40 4,390.18 0.18
ArrowNikkei 17,459.85 1.23
ArrowH.Seng 23,987.45 0.07
ArrowSensex 28,693.99 0.90

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln