All
 

 

Just in:  

You are here: Home»Markets»Commodities»Australia

Australia

Archive

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 Futures Exchange had fallen as far as 13,300 yuan ($2,151) a tonne by 0219 GMT, down 0.8 percent to its lowest level since May 16. Chinese manufacturers have been exporting semi-processed aluminium shapes, sidestepping export tariffs and easing a supply shortage in the rest of the world. China exported 390,000 tonnes of unwrought aluminium and aluminium products, including primary, alloy and semi-finished aluminium products, in November, up from October's 380,000 tonnes. "We are hearing that ...

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 ...
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 ...

 



 
Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln