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Aluminium premiums expected to hit record high in 2015 SYDNEY: Global aluminium premiums are expected to reach fresh record highs by mid-2015 on a supply deficit in the United States and Europe, a Reuters survey showed.Premiums have surged this year, more than doubling in the United States, as a revival in auto demand spurred aluminium consumption, while smelter shutdowns and use of the metal in financing deals squeezed supply.But premiums next year will rise at a slower pace as new rules reduce queues at warehouses and as higher all-in prices encourage smelters to ramp up production.According to the survey of 11 sources from aluminium consumers, producers and trade houses - who declined to be named as they were involved in 2015 term deal talks - global premiums are most likely to hit records in the second quarter."The world, excluding China, will continue to be in short supply due to shut downs, production curtailments and strong demand in South America ...

Soybean prices edge higher, but South American output caps gains SYDNEY: US soybean futures rose on Thursday, rebounding from losses of more than 1.5 percent the day before, though gains were capped by forecasts of bumper Brazilian production.Wheat slid for a third consecutive session as global supply concerns eased, while corn edged higher, drawing some support from a lower than expected US Department of Agriculture ending stock forecast.Chicago Board of Trade January soybeans climbed 0.78 percent to $10.40 a bushel, having closed down 1.62 percent ...
Shanghai aluminium sinks to 7-month low as supply climbs SYDNEY: Shanghai aluminium plumbed its lowest level since May on Tuesday as growing overcapacity and the shaky outlook for demand in China curbed buying that had already begun to wane towards year-end. "Supply is growing steadily, with new capacity and idled plants (restarting)," said analyst Paul Adkins of consultancy AZ China in Beijing. "Demand is sputtering. It's a combination of weak macroeconomic signals and pre-year-end wind-down." The most traded February aluminium contract on the Shanghai ...
Soybeans fall as market readies for USDA report SYDNEY: US soybean futures fell for the first time in five sessions on Tuesday, edging back from a one-week high and snapping the longest winning streak in nearly four months as traders squared positions ahead of a widely watched US government report.Corn fell, extending losses into a second session, while wheat fell for the first time in four sessions.Chicago Board of Trade January soybeans, the front month contract, fell 0.36 percent to $10.40 a bushel, ...
Wheat falls 1pc as supply worries ease, soybeans near 1-week high SYDNEY: US wheat futures fell nearly 1 percent on Monday, losing all their gains from the previous session, as global supply concerns eased.Soybeans edged lower for the first time in four sessions, though prices continued to hover close to a one-week high on export demand and soymeal strength.Corn also fell for the first time in four sessions.Chicago Board of Trade March wheat futures fell 0.6 percent to $5.90-1/2 a bushel by 0217 GMT, having fallen ...
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 ...
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 ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln