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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 floor under prices. "Global supply and demand is either in balance or a small deficit," said analyst Joel Crane of Morgan Stanley in Melbourne. "With continued disappointments in a number of key projects, it's very easy to forecast a scenario where the market stays in fundamental balance - prices are fundamentally justified at current levels." Three-month copper on the London Metal Exchange had risen 0.2 percent to $6,928.50 a tonne by 0715 GMT, after gaining ...

London copper hovers near 3 week peak, supply crunch supports SYDNEY: London copper was treading water near a three-week high on Wednesday, underpinned by dwindling global exchange stocks, while summer holidays in the northern hemisphere curbed trading. Metals prices were lifted earlier this week after an upbeat reading of China's vast manufacturing sector showed its targeted stimulus is successfully filtering down to small private enterprises such as metals manufacturers. But with copper edging out of its seasonally strongest quarter for consumption, there is little on ...
Australia cuts 2015 iron ore, met coal price forecasts SYDNEY: Australia revised down its 2015 iron ore and metallurgical coal price forecasts as rising output of two of the country's biggest export earners outstrips demand, raising concerns for mining companies already struggling with shrinking profit margins. Robust growth in export tonnages meant Australia would still post an 11 percent rise in total export earnings for mineral and energy comodities in 2013-14, the Bureau of Resource and Energy Economics (BREE) said in a quarterly update. ...
Wheat bounces off 4-month low, corn extends loss SYDNEY: US wheat futures edged higher for the first time in four sessions on Wednesday, with buyers stepping in as prices hit four-month lows.Corn slipped for the third straight session as heavy rains across key growing regions in the United States boosted expectations for a bumper crop, while soybeans rose and cut their previous session's losses.Chicago Board of Trade front-month wheat rose 0.4 percent to $5.73 a bushel, having closed down 1.5 percent in the ...
Corn extends 2-day losses to 2.5pc on bumper crop expectations SYDNEY: US corn futures fell for the second session on Tuesday, with two-day losses hitting 2.5 percent as torrential rains across key growing regions added to expectations of a bumper crop.Wheat fell after the US Department of Agriculture pegged the rate of harvest above market expectations, offsetting support from fears that crops in the Plains could suffer quality downgrades.Soybeans also edged down as the USDA pegged the condition of the crop above market expectations.Chicago Board ...
LME copper slips after European PMI dents confidence SYDNEY: London copper slipped on Tuesday from its highest close in nearly three weeks, easing after three days of gains, with only a weaker-than-expected June European manufacturing survey denting encouraging global growth prospects. Global manufacturing activity appeared to accelerate in June, buoyed by a return to growth in China and Japan and the fastest expansion in the US factory sector in more than four years. But the euro zone's private sector expansion unexpectedly slowed, even ...
Wheat extends rally on southern Plains quality concerns SYDNEY: US wheat futures rose for a third session on Thursday in their longest rally in six weeks, amid concerns over the quality of some grain from the US Plains.Corn followed wheat higher, while soybeans edged down, shrugging off recent bargain-buying support.Chicago Board of Trade front-month wheat futures climbed 0.17 percent to $5.88 a bushel, having closed up 0.9 percent the day before.CME Group's Kansas City front-month hard red winter wheat futures contracts, which track ...

 



 
Index Closing Chg%
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Arrow Nikkei 15,668.60 1.24
Arrow H.Seng 24,749.02 0.01
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln