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Copper slips on weak Chinese copper imports LONDON: Copper prices declined on Thursday as traders cashed-in recent gains after disappointing Chinese copper import figures, but further falls were prevented by shrinking supplies and lingering optimism about demand for industrial metals.Benchmark London Metal Exchange (LME) copper slipped 0.6 percent to trade at $7,087 a tonne at 0958 GMT.The prospects for global economic recovery have gathered pace following last week's encouraging U.S. jobs data and upbeat factory numbers from China that reinforced expectations of a pickup in demand for industrial metals.Prices for the metal used in power and construction hit a 4-1/2 month high earlier this week at $7,212 a tonne.In top copper consumer China, data showed its trade performance improved in June but still missed market forecasts, reinforcing expectations that Beijing will have to unveil more stimulus measures to stabilise the economy.In a bearish sign for copper, China's copper imports fell in June to the lowest since April ...

Gold climbs above $1,320/oz ahead of Fed minutes LONDON: Gold prices firmed on Wednesday, climbing back above $1,320 an ounce, as fresh inflows into bullion-backed funds indicated rising investor confidence the metal ahead of the release of the latest Federal Reserve minutes.The world's largest gold exchange-traded fund, New York-listed SPDR Gold Shares, reported a second straight session of inflows on Tuesday, taking its holdings above 800 tonnes for the first time since mid-April.The markets waited for the release of minutes of the Federal ...
Zinc gains 1pc on forecast for shortages, global growth LONDON: Zinc climbed more than 1 percent on Wednesday as investors extended buying on forecasts of shortages of the metal due to mine closures and as a proxy for recovering global growth.Copper prices hovered near their highest in almost five months, while aluminium matched a 13-month top.Three-month zinc was the strongest performer on the London Metal Exchange (LME), climbing 1.1 percent to $2,308 a tonne by 1001 GMT, approaching a three-year high of $2,318.50 touched ...
Copper hovers around 4-1/2-month high, zinc races to 3-year peak LONDON: Copper prices hovered near their loftiest in more than four months on Tuesday, underpinned by a brightening outlook for the global economy, while zinc raced to its highest in nearly three years on expectations of tightening supplies.Benchmark London Metal Exchange (LME) copper rose to a session high of $7,182 a tonne, a touch below a 4-1/2-month peak of $7,190 hit last week. At 0853 GMT it traded at $7,173, up 0.7 percent.Prospects for economic ...
Sugar dips, cocoa eases, awaits grind data LONDON: ICE sugar futures eased on Monday as the market readjusted after the U.S. Independence Day holiday, while cocoa dipped and was in sight of last week's near three-year high, with a focus on European grind data.ICE coffee edged up due to uncertainty over the impact of drought on crops in top producer Brazil.ICE raw sugar futures adjusted lower after Liffe white sugar prices edged down on Friday, a holiday for the ICE market.With the ...
Copper slips off 4-month peak, tight supply limits fall LONDON: Copper edged further off 4-month peaks on Monday as investors took profit and stocks rose for a second day running, though lingering supply concerns put a strong floor under prices.London Metal Exchange data showed stocks rose by 2,850 tonnes - a second straight day of gains - though overall, stocks remain near their lowest levels in six years, supporting prices. Also, the market was ripe for a bout of profit-taking, traders said. Comex copper ...
Turkey tenders to buy 235,000 T wheat, 200,000 T barley: trade HAMBURG: Turkey's state grain agency TMO has issued an international tender to purchase and import up to 235,000 tonnes of milling wheat and 200,000 tonnes of animal feed barley, European traders said on Monday.The tender sought optional origin and closes on July 15, traders said.The tender sought the wheat in two shipment periods between Aug. 25-Sept. 20 and between September 25-October 20.The barley was also sought in two shipment periods, between July 25-Aug. 20 and ...


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Foreign Debt $60.9bn
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