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LME copper steady; aluminium, zinc hover near multi month tops SYDNEY: London aluminium and zinc hovered near multi-month highs on Tuesday as the outlook for demand improved, while copper steadied after worries about a Chinese probe into metals financing pushed prices to one-month lows the session before. Improving global demand prospects are helping support prices for zinc and aluminium in particular, led by stronger than expected consumption and tight supply - at least in the first half, said analyst Matt Fusarelli at AME Group. "Generally economic performance is going better than people have expected.And that will certainly help prices," he said. Chinese zinc demand is seen growing by 8 percent this year, the fastest since 2010, driven by auto sales.It is expected to push the market into a deficit for the first time in several years, he said. A small deficit in the aluminium market in the first half however, is expected to disappear, as large projects come on line, ...

Shanghai copper at one-month low on financing worries SYDNEY: Shanghai copper fell to its lowest in nearly a month on Monday and London copper also dropped, unsettled by concern that a probe into metals storage at China's third-largest port could squeeze financing and cut buying interest in metals. China's Qingdao Port International Co. Ltd. said on Friday the probe into suspected fraud involving copper and aluminium stored at the port would not impact its operations because the amounts involved were immaterial to its ...
London copper steady, global growth outlook supports SYDNEY: London copper was steady on Thursday, underpinned by robust US economic data and comments from China suggesting it had warded off a slowdown in growth. Shanghai copper prices calmed despite worries about a probe into metals financing at China's third largest port. "Demand globally is looking pretty good," said analyst Joel Crane at Morgan Stanley in Melbourne. "Obviously in China growth is lower than it was before but there is still growth. The problem ...
Soybeans firm as Chinese demand stokes US shortage worries SYDNEY: Chicago soybeans rose on Thursday, extending gains into a second session, as fresh orders from China added to concerns about US supplies that have already been depleted by heavy exports.Wheat rose for the first time in seven sessions as traders squared positions ahead of the end of the month, while corn edged down after gaining more than half a percent on Wednesday.Chicago Board of Trade July soybeans rose 0.5 percent to $15.05 a bushel ...
LME copper steady at near 3-month high; nickel firms SYDNEY: London copper steadied on Wednesday after hitting a near three-month peak the previous day with prices supported by improving demand in top consumer China, while London nickel firmed as unrest at a New Caledonian mine kept supply threats in focus.A moderate recovery in China's manufacturing health according to a private sector survey earlier this month suggests factories are gaining steam while utilisation rates at China's cable makers - a large user of copper - ...
Shanghai copper rises to 3-month peak in holiday-thinned trade SYDNEY: Shanghai copper climbed on Monday to its highest since late February as seasonally strong demand put pressure on tight supplies amid modest trading volumes given holidays in Britain and the United States. An improvement in risk appetite also buoyed metals, after exit polls in Ukraine gave Petro Poroshenko, a confectionery magnate with long experience in government, 55 percent of the vote in the presidential election, fuelling hopes that geopolitical tensions would ease. "It seems ...
London copper climbs on China, US hopes SYDNEY: London copper edged up on Thursday from a nine-day low hit the session before, supported by a robust reading of China's factory sector and signals US rate hikes were not likely in the near-term. China's factory sector turned in its best performance in this year in May, a preliminary HSBC survey showed, though overall manufacturing growth still contracted slightly.New export orders, a proxy for foreign demand, showed the biggest turnaround. In the United States, ...

 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln