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Last update: Tue, 31 May 2016 11pm

Australia

Markets - Commodities - Australia

Iron ore shipments to China from Port Hedland rise 3pc in Nov-port SYDNEY: Monthly iron ore shipments to China through Australia's Port Hedland rose 3 percent in November amid a sharp weakening in prices for the raw material used in steel production, port data released on Monday showed. Shipments to China, the world's biggest importer, reached 31.73 million tonnes last month versus 30.73 million in October, according to the Pilbara Ports Authority. The port, the world's largest for exporting iron ore, is used by large producers such as BHP Billiton and Fortescue Metals Group, along with smaller miners Atlas Iron and BC Iron Total shipments of iron ore through the port in November reached 37.33 million tonnes versus 36.52 million in October, the data showed. The record was set in September, when 39.4 million tonnes were shipped through the port. South Korea, was the second-biggest destination for ore from the port in November, importing 2.87 million tonnes, followed by Japan with 1.53 ...

Markets - Commodities - Australia

Wheat falls for third session as crop condition meets forecasts SYDNEY: US wheat fell for a third session in a row on Tuesday as the US Department of Agriculture found the condition of the winter crop to be in line with market forecasts, further fuelling expectations of ample global supply.Soybeans were unchanged, while corn edged lower.Chicago Board of Trade December wheat futures fell 0.4 percent to $4.92 a bushel after closing down 0.3 percent on Monday.Analysts attributed the weakness to the USDA forecast, coupled with ...

Markets - Commodities - Australia

Wheat set for biggest weekly fall since end-August SYDNEY/PARIS: US wheat dipped on Friday, putting the grain on track for its biggest weekly loss in 2-1/2 months as weak demand for US supplies and ample global stocks dragged on prices.Corn also fell and was poised for its biggest weekly loss in 14 weeks, while soybeans were set to record a fourth straight weekly loss.Chicago Board Of Trade December wheat was 0.20 higher at $4.99 but still 4.6 percent lower for the week, the ...

Markets - Commodities - Australia

London copper subsides below $5,000, eyes six-year low MELBOURNE: London copper lost ground below the $5,000 mark on Monday and was sliding towards six-year lows after China trade data underlined struggling growth in the world's top metals user. China's trade figures disappointed analysts expectations by a wide margin in October, reinforcing views that the world's second-largest economy will have to do more to stimulate domestic demand given softness in overseas markets. "Every week we come in, the prices are worse, the data is ...

Markets - Commodities - Australia

London copper firms on output cut; trade dwindles ahead of holiday MELBOURNE: London copper edged up on Wednesday as traders took heart from an output cut in Chile and a revival in Glencore shares, but volumes shrank ahead of a week-long break in top consumer China."Although individually this cut (in Chile) isn't meaningful, we're starting to see a few - maybe it's a reflection of financial stress in general in the big mining companies," said analyst Daniel Morgan of UBS in Sydney."It's a positive development. It ...

Markets - Commodities - Australia

London copper above one-month low as trade dwindles ahead of China holiday MELBOURNE: London copper edged higher but remained near its lowest in a month on Monday in thin activity, with trade set to be further subdued ahead of a holiday in top consumer China later this week.The absence of the world's biggest metals user from Thursday, and a rash of third-quarter U.S. earnings reports expected to show companies are struggling, may tip the price risks to the downside."The recoveries we've seen over the past couple of ...

Markets - Commodities - Australia

Soybeans edge higher as market awaits USDA report PARIS/SYDNEY: Chicago soybeans edged higher on Friday, keeping them on course for their first weekly gain in five, as the market anticipated the US Department of Agriculture will cut its US harvest outlook in a crop report later in the day. Corn was almost unchanged but set to finish the week up 3 percent as expectations the USDA will also trim its corn crop forecast were reinforced by some disappointing early harvest reports. Wheat edged ...