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Iron ore edges up as Chinese mills replenish inventories SINGAPORE: Spot iron ore prices rose to above $81 a tonne as Chinese steel producers restocked, although the supply of available cargoes remained high and kept a lid on gains.Mills in China's Tangshan area in the northern Hebei province were buying more iron ore ahead of planned shutdowns at the start of November, said a trader in Shanghai.Some steel mills in Hebei - China's top steel producing province - have been asked to reduce or suspend production during the APEC meeting in China next month to help improve the air quality in the capital Beijing, according to local media reports."The shutdowns may take almost two weeks and some of the mills are trying to increase production ahead of that," the trader said.Iron ore for immediate delivery to China rose 0.7 percent to $81.20 a tonne on Monday, according to data compiled by The Steel Index.Iron ore, China's biggest import ...

Malaysian palm oil ticks up on lower output, firm soybeans SINGAPORE: Malaysian palm oil futures edged higher on Tuesday, recouping some of last session's losses with expectations of lower production of the tropical product and higher soybean prices underpinning the market. Chicago soybean futures rose 0.5 percent to snap a two-session losing streak, supported by the slow pace of harvesting in the United Stated and as dryness delayed planting in Brazil. Palm oil production in Malaysia and Indonesia is expected decline in the months ahead ...
China Sept daily steel output up 1pc on month BEIJING: China's daily crude steel runs reached 2.25 million tonnes in September, up 1 percent from August and the highest since the record 2.31 million tonnes in June, suggesting mills were still at close to full capacity despite a long price slump.China produced 67.54 million tonnes of crude steel in September, down 2 percent compared to the previous month and flat compared to the corresponding month of 2013, data from the National Bureau of Statistics ...
Soy prices rebound on slow US harvest, Brazil planting delay SINGAPORE: Chicago soybeans rose half a percent on Tuesday to snap a two-session losing streak, supported by the slow pace of harvesting in the United Stated and as dryness delayed planting in Brazil. Corn edged higher, tracking gains in soybeans, while wheat was little changed ahead of a tender by the world's top importer Egypt to buy the grain from global suppliers. Chicago Board of Trade front-month soybeans had added 0.5 percent to $9.49-1/4 a ...
NY coffee to fall to $2.0605 SINGAPORE: New York December coffee is expected to drop to $2.0605 per lb, as it has broken a support at $2.1305.The support was provided by the 76.4 percent Fibonacci projection level of an upward wave c, working also as a neckline of a triple-top that formed around $2.2440. The next support will be at $2.0605, the 61.8 percent projection level, a break below which will open the way towards $2.0040, the 50 percent level.A break ...
NY cocoa neutral in $3,064-$3,132 range SINGAPORE: New York December cocoa looks neutral in a range of $3,064-$3,132 per tonne, and an escape will point a direction. The range has been formed by the 23.6 percent and the 61.8 percent Fibonacci projection levels of an upward wave c that developed from the Oct. 14 low of $3,022. A rise above $3,132 will signal the extension of the wave c towards $3,176, the 86.4 percent projection level, while a drop below $3,064 ...
CBOT corn targets $3.41-3/4 SINGAPORE: CBOT December corn may break a support at $3.45-1/2 per bushel and fall more towards $3.41-3/4.The support is provided by the 50 percent Fibonacci projection level of an upward wave c that developed from the Oct. 13 low of $3.30-1/2, temporarily blocking the way towards the 38.2 percent projection level at $3.41-3/4. Corn failed to break the support at its first attempt and may succeed at its current attempt.A rise to $3.46 could be ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln