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Shanghai copper slides to near 2-week low on speculative selling SYDNEY: Shanghai copper fell to its lowest in nearly two weeks on Tuesday and dragged down London copper, with traders who follow chart-based strategies selling as a month-long rally appeared to sputter. London copper had surged 9 percent from June lows to hit a four-and-a-half month high of $7,212 a tonne on July 8 but has failed to build on the gains, despite generally improving economic sentiment. "We've had a pretty strong run - it's only natural to see prices pull back from current levels," said Tim Radford, analyst at Sydney-based adviser Rivkin. "Whether we will see a sustained move downwards will come down to what we see tomorrow with China's GDP. Positive equity markets in China and Hong Kong reflect confidence returning over economic growth...the likelihood is we could see higher." China's economy probably steadied in the second quarter with annual growth holding firm at 7.4 percent, a Reuters ...

LME copper hovers near 5 month peak, consolidates gains SYDNEY: London copper prices steadied on Wednesday near their highest in almost five months, underpinned by shrinking supply and improving prospects for global growth. Copper prices have rallied more than seven percent since mid June to above the $7,000 a tonne mark, driven by a lack of supply and a cheerier chart picture that has encouraged fund buying. China's moves to loosen monetary policy have also fed copper's rally, which may stretch further after Wednesday's ...
London copper steady, remains below 4-1/2 month peaks SYDNEY: London copper steadied on Tuesday, but remained below four-and-a-half month highs seen last week after a surprise drop in German industrial production tempered demand expectations. The dollar eased and global equity markets fell on Monday after the drop in German industrial output cooled a rally that sent various stock indices to record highs last week. Germany's industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, ...
Wheat falls, set for quarterly loss of 16pc ahead of USDA report SYDNEY: US wheat futures, set to post its biggest quarterly loss in three-years, fell on Monday as traders squared positions ahead of a US Department of Agriculture report expected to show domestic stocks at a six-year low amid ample global supplies.Corn fell as the front-month contract was poised to finish the quarter down 12 percent, the sixth quarterly slide in the last seven, while soybeans was set to finish the quarter down 2.5 percent despite ...
London copper eyes second monthly rise on tight supply SYDNEY: London copper eased on Monday in thin trade and as seasonal demand waned, but was still set to log its second straight monthly rise on a shortfall in metal supply. The global copper market was expected to swing into a surplus in 2014 for the first time in four years, but a ban on ore exports from Indonesia and lower than expected metal production in China has curbed supply, underpinning prices."There is still demand ...
London copper slips but set for 2nd weekly gain on supply concerns SYDNEY: London copper edged down on Friday after rising 1 percent over the past two days but was on track to gain for the second straight week, underpinned by concerns about a shortfall in supply. The concerns have also helped push copper prices close to their highest since early March and could even lift them to their second consecutive monthly gain. A stoppage in ore shipments from Indonesia since January, as miners Freeport-McMoRan Copper & ...
London copper climbs towards 4-month peak on tight supply SYDNEY: London copper hovered near its highest in nearly four months on Thursday, with investors shrugging off weak growth in the United States and focusing on a shortfall in metal supply. Copper has clawed back nearly 10 percent from more than three-year lows reached in March, but is still down 6 percent this year. Seasonal demand is expected to wane going into the third quarter, though the shortage in supply is expected to keep a ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln