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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 on Tuesday.Shanghai zinc hit its highest in 17 months.Zinc has rallied 13 percent since the beginning of June as forecasts of deficits have attracted buyers, and now the circle of buyers seems to be widening, said Nic Brown, head of commodities research at Natixis."It may be that the improvement in zinc prices is a re-rating for commodities more generally among the investment community as we get further and further into the economic cycle," he said, ...

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 ...
German 2014 wheat crop up on year, rapeseed unchanged: farmers HAMBURG: German farmers' association DBV said on Monday it estimates Germany's 2014 winter wheat crop will reach almost 25 million tonnes, up from 24.6 million tonnes in 2013.The association said it estimates Germany's 2014 winter rapeseed crop at about 5.7 million tonnes, unchanged from 2013.Copyright Reuters, 2014 ...
Gold slips as dollar firms on strong US data, rate hike talk LONDON: Gold fell on Monday as the dollar firmed on speculation over an earlier-than-expected hike in U.S. interest rates following strong job data, which dented investment demand for the metal.Gold has been under pressure since data on Thursday showed U.S. employment growth jumped in June and that the jobless rate closed in on a six-year low, evidence of brisk economic growth.The data led investors to bring forward their views on timing of the first rate ...


Index Closing Chg%
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