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Traders buy less 2015 term copper for sale to China on credit worries SYDNEY: Global traders selling copper into China have signed up for lower annual contract volumes from producers for 2015, due to concerns that the Qingdao metals scandal could crimp demand, and amid expectations of a supply glut next year.Banks have tightened credit for metals financing in the wake of the Qingdao port scandal, which has hit small manufacturers and trade houses, while the global market is expected to be in surplus next year."It used to be that if you could fill your boots with copper - 5,000 tonnes or 50,000 tonnes - you'd still find a buyer. This year, that has all changed," said a trader at global trading company in Singapore.Chile's state-run miner Codelco, the world's top producer, sets benchmark premiums in Asia. It set a $133 per tonne premium, paid on top of London Metal Exchange (LME) cash prices for 2015 term shipments, down from $138 in 2014.But ...

Soybeans fall to five-week low on South American output SYDNEY: US soybean futures fell to a fresh five-week low on Wednesday as expectations for bumper South American production dragged on prices.Wheat also fell, extending losses after hitting a near five-month top earlier in the week, while corn edged lower to take its two-day losses to nearly 2.5 percent on better South American growing weather.Chicago Board of Trade January soybean futures fell 0.2 percent to $9.94-1/4 a bushel by 0131 GMT, having earlier hit a ...
Wheat falls, but Black Sea supply concerns limit losses SYDNEY: US wheat futures edged lower on Tuesday after prices surged more than 5 percent to a near six-month high in the previous session, though concerns over Black Sea exports limited losses.Corn fell, giving back all its gains from the previous session, and soybean prices also dropped on forecasts for rain in South America.Chicago Board of Trade March wheat futures, the mostactively traded contract, declined 0.33 percent to $6.04-3/4 a bushel, having jumped 5.1 percent ...
London copper slips, but holds above 4-1/2 year low as oil steadies SYDNEY: London copper slipped on Tuesday but held above 4-1/2 year lows touched the session before, supported as oil stabilised and some buyers were tempted by weaker commodity prices. A rout in oil had triggered heavy selling across commodities on Monday that saw oil prices hit five-year lows and copper slide to its weakest since 2010. But given that some investors are mandated to allocate a percentage of funds to commodities, Monday's rout likely triggered ...
London copper slips from 2-week high; bearish Chinese data weighs SYDNEY: London copper slipped on Tuesday from a two-week high marked in the previous session, hurt by concern over China's sluggish property sector, although expectations of more European monetary stimulus offered support. Chinese home prices fell for the second consecutive month in October from a year earlier, official data showed on Tuesday, despite government efforts to lift the market. Still, metals have held up moderately well in the face of a downturn in oil and ...
London copper slips from near two-week high as Japan taints mood SYDNEY: London copper slipped from its highest level in a fortnight on Monday as news that Japan had surprisingly fallen into recession tainted previously buoyant sentiment following a slew of improving economic signals from the United States.Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election just two years after he took office.Slowing global growth ...
London copper hits two-week high on US growth signals SYDNEY: London copper touched its highest level in a fortnight on Monday in the afterglow of improving economic signals from the United States, although news that Japan had surprisingly fallen into recession added a note of caution.An improvement in global growth could add demand for copper, although this is expected to be offset next year as the market swings into surplus for the first year in six. "Copper looks range-bound for the rest of the ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
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Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln