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London copper steady; eyes on China trade data SYDNEY: London copper was steady on Monday and holding above last week's four-and-a-half-year lows, with expectations of further stimulus from China supporting prices after trade data was weaker than expected. "The risk is that we see further liquidation of positions, considering no one is confident of the (global economic) outlook, particularly in early 2015," said analyst Daniel Hynes of ANZ in Sydney. China's exports rose 4.7 percent in November from a year earlier, while imports dropped 6.7 percent, well below expectations and adding to concerns the world's second-largest economy could be facing a sharper slowdown. Three-month copper on the London Metal Exchange traded at $6,459.75 a tonne by 0221 GMT, up 0.1 percent from the previous session when it hit a one-week top of $6,526 a tonne. It fell to $6,230.75 a tonne on Dec. 1, its weakest since June 2010. The most-traded February copper contract on the Shanghai Futures ...

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 ...
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 ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln