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LME nickel up 4pc on supply worries, copper at 2-month top SYDNEY: London nickel jumped nearly 4 percent on Monday, extending a winning streak that has fuelled gains of more than 12 percent this month as investors and consumers buy the metal on prospects of a worsening supply shortfall later in the year. LME copper hit the highest in two months, fuelled by steady buying and short-covering on the LME May contract, traders said. Nickel prices have soared by nearly 50 percent since January due to a ban on ore shipments from top exporter Indonesia that has triggered hoarding, while speculation sanctions against Russia may hit top nickel producer Norilsk Nickel have poured fuel on the bullish sentiment. "It's on the back of the Ukraine and continuing supply constraints from Indonesia," said James Glenn, analyst at National Australia Bank in Melbourne. "If there is a large (speculative) factor at play...you might see some of that start to unwind with the Chinese ...

London copper eases, nickel rallies on return from holiday SYDNEY: London copper edged lower on Tuesday in thin trading as markets reopened after a long holiday weekend, while dwindling nickel supplies after Indonesia's ban of ore exports pushed that metal back towards 15-month highs. London copper has been underpinned by steady second-quarter demand from top consumer China, although it has struggled to find momentum since dropping to its weakest since mid-2010 at $6,321 a tonne on March 19.Still, signs that a US recovery is ...
Nickel prices near 15 month high on supply concerns SYDNEY: London nickel hovered close to 15-month highs on Wednesday, supported by rising prices for nickel ore as Chinese nickel pig iron producers run down their stockpiles after Indonesia banned exports in January.Prices for nickel ore in China have surged this year after Indonesia banned shipments of the raw material which is used to make nickel pig iron (NPI) - a substitute for refined nickel in the country's giant stainless steel industry. Some stainless steel ...
London copper eases, nickel up 1 percent on return from holiday SYDNEY: London copper edged lower on Tuesday in thin trading as markets reopened after a long holiday weekend, while dwindling nickel supplies after Indonesia's ban of ore exports pushed that metal to its loftiest in more than a week on the LME. London copper has been underpinned by steady second quarter demand from top consumer China, although it has struggled to find momentum since dropping to its weakest since mid-2010 at $6,321 a tonne on ...
Wheat jumps 3pc as hot weather sparks production fears SYDNEY: US wheat futures rose as much as 3 percent on Monday to an 11-month high on fears that recent hot, dry weather will curb production in the United States, the world's largest exporter.Corn edged lower for a third straight session, while soybeans also eased slightly.Chicago Board of Trade July wheat futures rose 2.3 percent to $7.32 a bushel by 0023 GMT, just below the session peak of $7.40-1/2 a bushel, the highest since late ...
Shanghai copper climbs to near two-month top after holiday SYDNEY: Shanghai copper edged up on Monday to near its highest in two months, supported by steady local demand as markets returned from a two-day holiday and tracking gains in London copper prices that climbed on hopes of the US economy gaining speed. Demand for copper in China improved in the past month, boosted by a shortfall of metal in the domestic market and steady second-quarter consumption, typically the peak season for usage.The outlook for ...
Nickel poised for 14pc gains in April on supply threats SYDNEY: London nickel edged up on Wednesday and was set to post a 14 percent gain for April on supply concerns, spanning from ore in Indonesia to sanctions on Russia, although traders said momentum could fade in May. London copper was on track to end higher for the first month in four, underpinned by tight credit conditions in top consumer China and as volumes drop ahead of a string of economic data and a series ...

 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29





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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