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London copper ticks up from 4-1/2-year lows as oil takes breather MELBOURNE: London copper climbed off 4-1/2-year lows on Thursday as oil steadied, but analysts and traders said that any calm could prove short-lived and Chinese buyers were waiting for lower prices."(Copper's price weakness) is intertwined with the sell-off in energy prices. I think it's very possible it will go through $6,000," said analyst Daniel Morgan at UBS in Sydney.Three-month copper on the London Metal Exchange was up 0.3 percent at $6,132 a tonne by 0343 GMT, paring losses from the previous session. Prices on Wednesday slid to the weakest since June 2010 at $6,091.50."I do expect a drop. Rallies have been short lived and there are too many negative factors out there... we may well see a bounce, but the trend continues lower," said a trader in Hong Kong.The most-traded March copper contract on the Shanghai Futures Exchange was up 0.1 percent at 44,720 yuan ($7,192) a tonne.Energy weakness has ...

London copper stuck near 4-1/2-year lows on oil rout; eyes $6,000 MELBOURNE: London copper hovered near 4-1/2-year lows on Wednesday as a rout in global oil markets hit broader investor confidence in commodities, with prices expected to soon drop below $6,000 a tonne.Prices have also been hurt by worries over Chinese growth and as the possibility that Greece will quit the eurozone dents appetite for risk."It's easy to blame oil, but I think clearly Greece was (also) one of the key issues, and the numbers towards ...
Australia port's Dec iron ore shipments to China up 5pc SYDNEY: Exports of iron ore to China via the Port Hedland terminal rose 5 percent in December from November, underscoring in part a subdued start to the Australian cyclone season, figures released on Tuesday showed. December shipments to China from Port Hedland, which handles about a fifth of the world's seaborne trade, increased by 1.57 million tonnes month-on-month to 30.6 million, according to Pilbara Ports Authority. The increase, in the face of depressed spot iron ...
Glencore says restarting Australia coal mines shut to fight glut SYDNEY: Glencore Plc on Monday said it was restarting coal mining operations in Australia, following a three-week suspension aimed at combating a global supply glut made worse by protectionist trade measures introduced in China. The suspension by the world's biggest exporter of thermal coal underscored producer concerns about over-supplied coal markets, though it did little to turn depressed coal prices around."We are in the process of resuming coal production, as planned," Glencore said in a ...
Wheat prices firm as much as 1pc, global supplies cap gains SYDNEY: US wheat futures rose as much as 1 percent on Monday, rebounding from heavy losses over the previous four sessions, though ample global supplies capped gains.Soybean futures climbed for the first time in five sessions, edging higher after losses of nearly 4.5 percent over the period. Corn also edged up as US exports topped market expectations.Chicago Board of Trade March wheat futures climbed 0.82 percent to $5.86 a bushel, having hit a session high ...
London copper slips further, oversupply worries drag SYDNEY: London copper futures slipped further on Tuesday after retreating in the previous session, vulnerable to concerns of global oversupply.A massive sell-off sent the metal to its lowest level in 4-1/2 years earlier this month amid signs of a supply glut, a situation aggravated by slowing industrial growth in China.Most commodities appear oversold, but weak near-term fundamentals are unlikely to boost investor confidence, ANZ Bank said in a research note.Supply-side issues will dominate early next ...
London copper inches up, but oversupply worries drag SYDNEY: London copper futures posted modest gains on Tuesday after retreating in the previous session, but remained vulnerable to concerns of global oversupply. A massive sell-off sent the metal to its lowest level in 4-1/2 years earlier this month amid signs of a supply glut, a situation aggravated by slowing industrial growth in China. Most commodities appear oversold, but weak near-term fundamentals are unlikely to boost investor confidence, ANZ Bank said in research.Supply-side issues will ...

 



 
Index Closing Chg%
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln