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Copper firms on China GDP data, nickel rallies LONDON: Copper rose on Wednesday, recouping some of the last session's deep losses, on relief that top consumer China posted slightly higher-than-forecast first quarter growth.Nickel rallied to its highest in 14 months, supported by escalating tensions between the West and Russia over the crisis in Ukraine.China's economy grew 7.4 percent in the first quarter, from a year earlier, pipping forecasts of 7.3 percent.Other more commodity-specific Chinese data was weak, however, with March industrial output and January to March fixed asset investment a shade under estimates.Also, at 7.4 percent, China growth is at its slowest in 18 months, which has already prompted limited government action. China consumes about 40 percent of the world's copper."Chinese consumption is not going to 'wow' but it won't fall off a cliff. Copper is going to be trading range bound essentially," said Macquarie analyst Vivian Lloyd.She added: "Gains should be capped by the incoming surplus ... ...

Gold steadies above $1,300, supported by Ukraine crisis LONDON: Gold prices steadied on Wednesday after falling nearly 2 percent in the previous session, underpinned by escalating tensions in Ukraine and dollar softness but still under pressure from a weak chart picture and concerns over a slowdown in Chinese demand.Ukrainian government forces and separatist pro-Russian militia staged rival shows of force in eastern Ukraine amid escalating rhetoric on the eve of crucial four-power talks in Geneva on the former Soviet country's future.That helped gold ...
Liquid oils ease with CBOT on talk of China defaults ROTTERDAM: Liquid oils on the European vegetable oils market eased on Friday because of technical selling in CBOT soyoil on the back of talk of Chinese cancellations of U.S. and Brazilian soybean contracts."Bearish sentiment pressured prices and kept many buyers firmly on the sidelines, waiting to see when and where the market will bottom out," one broker said.At 1730 GMT CBOT soyoil futures were between 0.29 and 0.47 cents per lb down on technical selling, ...
Rapemeal down on technical selling ROTTERDAM: Rapemeal on the European meals and feeds market dropped on Friday on technical selling as worries over tight global oilseed supplies faded due to Chinese cancellations of a substantial amount of US and Brazilian soybean contracts."Sentiment in the market was bearish and led to a sell-off in rapemeal, while soymeal remained dull and indecisive," one broker said.EU rapemeal was offered between three and eight euros per tonne down following Chicago soymeal and weaker rapeseed ...
Ukraine sees 2014 sugar output rising to 1.7-1.8mn tonnes KIEV: Ukraine's output of white sugar made from beet could rise to 1.7-1.8 million tonnes this year from 1.2 million tonnes in 2013, the head of Ukraine's sugar producers association Ukrtsukor said on Friday.Mykola Yarchuk told Reuters that farms were likely to increase the sugar beet sowing area to 350,000 hectares this from 270,000 a year earlier. "This year output will ensure local needs and we will have some volume for exports, taking into account ...
Gold steady on risk aversion; set for best week in a month LONDON: Gold steadied below 2-1/2 week highs on Friday, heading for its best week in a month on sagging risk appetite and increasing hopes the US Federal Reserve will hold off on raising interest rates as soon as early next year. A day earlier, bullion hit its highest since March 24 at $1,324.40 an ounce bolstered by the Fed's March meeting minutes which showed officials were not keen on increasing interest rates straight after unwinding ...
Nickel at 13-month high, eyes best week since Feb 2013 LONDON: Nickel hit a 13-month high on Friday as Indonesia's ban on ore exports kept market supplies tight, though risks are rising that lofty prices will encourage buyers to look for cheaper sources of supply. Aluminium prices were also set for their third weekly gain in a row on a UK court ruling that halted a London Metal Exchange plan to release backlogged stocks of the metal, while copper continued to consolidate after recent 3-1/2 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln