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Last update: Tue, 03 May 2016 05pm

Australia

Markets - Commodities - Australia

London copper hits highest in nearly 2 weeks as China imports surge MELBOURNE: London copper hit its highest in almost a fortnight on Wednesday and Shanghai metals surged as strong Chinese copper imports in March built on gains fueled by a falling dollar. China's March exports blew past analyst expectations, rising 11.5 pct from a year earlier, the first increase since June and the largest rise since Feb 2015, adding to encouraging signals in the world's second-biggest economy. China's copper imports shot up by more than a third from the same month last year to a monthly record-high. The stronger-than-expected import and export growth added to evidence of economic recovery in China, said analyst Helen Lau of Argnonaut Securities in Hong Kong."But (on copper) because exchange inventories are very high, that might indicate that China imported too much.Imports in April may come off because of the strong March levels," she said. Three-month copper on the London Metal Exchange had jumped 0.7 percent ...

Markets - Commodities - Australia

London copper hits one-month low as support crumbles MELBOURNE: London copper dropped to a one-month low on Thursday, as simmering demand concerns undermined prices that, having broken a key chart support, came under further selling pressure.Prices fell through support around $4,770 a tonne to the weakest since early March. Traders and analysts said there was no clear reason behind the move, but break-in support had triggered technical selling."Copper fell below $4,750 which triggered further selling pressure," said analyst Eugen Weinberg at Commerzbank.Copper prices ...

Markets - Commodities - Australia

London copper hits more than two-week low on slowdown worries MELBOURNE: London copper slipped to a more than two-week low on Wednesday on simmering concerns over global economic growth, although a softer dollar after the U.S. Federal Reserve chair stressed the need for caution on interest rate hikes checked losses.Fed Chair Janet Yellen said the U.S. central bank should proceed only cautiously as it looks to raise rates, pushing back on a handful of her colleagues who suggested another move may be just around the ...

Markets - Commodities - Australia

London copper slips but signs of China housing recovery support MELBOURNE: London copper edged lower on Wednesday as the dollar held firm but was underpinned by signs of a revival in China's housing market, with trade beginning to tail off ahead of Easter holidays later this week.Asian markets were consolidating gains on the back of a brightening economic outlook, despite a spike in risk aversion after several bomb blasts in Brussels.On a fundamental basis, supply cuts by firms like Glencore and Freeport McMoRan will help ...

Markets - Commodities - Australia

LME copper consolidates below four-month peak on China concerns MELBOURNE: London copper fell on Thursday, declining further from a four-month high reached last week, as rising Chinese inflation fanned concerns over its economic growth, offsetting support from a European monetary stimulus expected later today. A weaker dollar and a pledge by China to resolve its oversupplied industries had helped fuel a broad commodities rally, but that was shot down this week by poor Chinese trade data for February. "I think the complex has rallied ...

Markets - Commodities - Australia

Iron ore industry wavers between hope and reality: Russell PERTH: If the price of the product your company produced had just experienced a 20 percent price surge in one day, its biggest jump ever, it would be reasonable for you to be overjoyed. But maybe not if you are an iron ore miner. This month's leap in Asian spot iron ore prices coincided with the annual Global Iron Ore and Steel Forecast conference in Perth, capital of Western Australia state and home to the ...

Markets - Commodities - Australia

Corn rebounds from six-week low though supply caps gains SYDNEY/PARIS: US corn rose for the first time in three sessions on Monday, rebounding off a six-week low, though gains were checked by the U.S Department of Agriculture forecasting stocks at the end of next season at a 12-year high.Soybeans were little changed, having earlier hit their lowest in nearly three weeks, while wheat rose 0.5 percent.The Chicago Board of Trade's most-active corn contract climbed 0.5 percent to $3.61-1/4 a bushel by 1213 GMT, having ...