All
 

 

Just in:  

You are here: Home»Markets»Commodities»Australia

Australia

Archive

LME copper drifts in low volumes; eyes on ECB SYDNEY: Copper drifted in low volume trade on Thursday as markets awaited fresh signals on whether the European Central Bank would act to shore up a faltering economy that could drag on world growth and metals demand.The European Central Bank is unlikely to take new policy action next week unless August inflation figures, due on Friday, show the euro zone sinking significantly towards deflation, ECB sources said. Looser policy from the euro zone central bank would free up capital for industry and for metals investment, providing a lift to prices. Copper may run as high as $7,400-$7,500 a tonne next month, as demand incrementally outstrips supply that has been constrained by a timelag in processing swelling mine supply, said analyst Dominic Schnider at UBS in Singapore."In the short run we still have a positive growth story on our side.China is holding ground, we do expect Europe to come up a ...

Shanghai copper hits highest since early July as consumers restock SYDNEY: Shanghai copper hit its highest in around seven weeks on Monday, underpinned by steady consumer demand and after London prices logged the biggest weekly rise in 11 months last week. Copper prices are slowly recovering from near two-month lows hit mid-month, but given differing expectations of supply this year, analysts are mixed as to where prices will go from here.Mine supply is broadly expected to grow this year, but as miners dig deeper to ...
Shanghai copper edges lower towards key chart level SYDNEY: Shanghai copper dipped towards a major technical support level on Wednesday, with a break likely to trigger selling by momentum-based investors, as the market also eyed forecasts of improving supply. Global copper inventories are expected to rise as mine supply improves later in the year, although demand from makers of copper products is also expected to revive from its summer lull. "We should not be too bearish," said analyst Helen Lau at UOB-Kai Hian ...
Rio Tinto to review stake in closed Papua New Guinea copper mine MELBOURNE: Rio Tinto is set to decide on its stake in a long-dormant copper mine in Papua New Guinea's Bougainville after the passage of a new mining law on the island, with the company possibly pulling out of the project after a quarter of a century. The interim mining law converts Bougainville Copper Ltd's mining lease into an exploration lease.That can be converted to a mining lease if approved by the autonomous province's government, which ...
London copper rebounds from near two-month low SYDNEY: London copper edged higher on Monday, bouncing off last week's near two-month lows, as traders built up stocks on fresh signs of economic recovery in the United States and a view that the sell-off after weak Chinese data was too heavy. A recovery in copper prices that began in mid-March ran out of steam over summer, with prices seen capped as mines ramp up shipments to year-end. Suspected metals fraud in China has also ...
Copper drops towards 6 week lows, geopolitics clouds outlook SYDNEY: London copper skidded to within sight of its lowest since June on Tuesday, as concerns over geopolitical tensions in Iraq and Ukraine clouded the outlook for demand amid thin summer trade. Copper prices have been hemmed in a range of $6,950-$7,210 per tonned since July, with demand cooling over the northern hemisphere summer and with a squeeze on metal supply beginning to ebb as key smelters in China and South Korea restart after maintenance. ...
Wheat extends losses into 4th session, USDA report in focus SYDNEY: US wheat futures fell for the fourth straight session on Tuesday, recording their longest losing rally in a month as concerns over export disruptions from the Black Sea region eased.Corn fell on expectations that the US Department of Agriculture would confirm bumper domestic production, while soybeans also edged lower despite a surprise deterioration in crop quality last week.Chicago Board of Trade September wheat futures had dropped 0.64 percent to $5.43 a bushel by 0243 ...

 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln