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Aluminium up as funds buy, Zinc hits 4-week high, LONDON: Zinc climbed to a four-week high and aluminium neared an 18-month peak on Tuesday in markets driven by momentum-based speculators and computer-driven funds. But analysts cautioned that both zinc and aluminium prices were moving ahead of supply/demand fundamentals as inventory levels remain high. Aluminium prices, which have gained 13 percent over the past two months, have also been supported recently by one investor holding a large position of inventories and short-dated futures. Three-month zinc on the London Metal Exchange closed at $2,378, up 0.9 percent, after touching a session high of $2,391.25, the strongest since Aug. 5. "The big issue for me is that you've been seeing Chinese refined zinc production surging quite sharply since June, yet you have a relatively weak end-user sector in terms of construction activity," David Wilson, an analyst at Citi in London, said."Zinc has probably one of the biggest exposures to residential construction activity ...

ICE coffee hits one-month high as supply outlook tightens LONDON: Arabica coffee futures on ICE rose to a one-month high on Tuesday boosted by a tightening supply outlook while sugar also advanced but cocoa suffered a setback.December arabica coffee futures was 3.65 cents or 1.8 percent higher at $2.0485 per lb by 1411 GMT after earlier hitting a one-month high of $2.0975.The market has been supported by concerns that dry weather in Brazil will reduce production both this year and in 2015, potentially leading ...
EU wheat down with Chicago but Ukraine crisis supports PARIS: European wheat tracked the US market lower on Tuesday, albeit to a lesser extent, and was supported by tensions between Ukraine and Russia which could hurt their exports at a time when the euro is at one-year lows against the dollar.A drop in Black Sea exports would benefit European Union wheat, notably on key international markets in the Middle East.By 1527 GMT, November wheat on Paris-based Euronext futures was 0.4 percent down to 173.00 ...
Gold falls nearly 1pc as equities, dollar firm LONDON: Gold prices fell on Tuesday, breaking through key support at $1,280 an ounce as stock markets firmed and the dollar hit a one-year high against the euro ahead of a European Central Bank meeting this week.The metal has been underpinned by worries over the stand-off between Russia and the West over Ukraine and persistent unrest in the Middle East, but strength in stocks and the dollar, plus weak physical demand from China and India, ...
Zinc hits 4-week peak, aluminium up as funds buy LONDON: Zinc rose to a four-week high and aluminium neared an 18-month peak on Tuesday in markets driven by momentum-based speculators and computer-driven funds.But analysts cautioned that both zinc and aluminium prices were moving ahead of supply/demand fundamentals as inventory levels remain high.Aluminium prices, which have gained 13 percent over the past two months, have also been supported recently by one investor holding a large position of inventories and short-dated futures.Three-month zinc on the London ...
Gold hits 2-1/2 month low as equities, dollar strengthen LONDON: Gold fell to its lowest in 2-1/2 months on Tuesday, breaking through key support at its August lows as stock markets rose and the dollar hit a one-year high against the euro ahead of a European Central Bank meeting this week.The metal has been underpinned by worries over the stand-off between Russia and the West over Ukraine and persistent unrest in the Middle East, but strength in stocks and the dollar, plus weak physical ...
ICE coffee hits one-month high on tighter supply outlook LONDON: Arabica coffee futures on ICE rose nearly four percent to a one-month high on Tuesday boosted by a tightening supply outlook while sugar edged higher and cocoa eased slightly.December arabica coffee futures rose 7.20 cents or 3.6 percent to $2.0840 per lb by 1154 GMT after earlier hitting a one-month high of $2.0880.The market has been supported by concerns that dry weather in Brazil will reduce production both this year and in 2015, potentially ...

 



 
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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