Daily FNArena News - Commodities

Another slow, low volume week on the uranium market saw the spot price slip a little further.

A glance through the latest expert views and predictions about commodities with Chinese economic indicators seen as capping base metals, and updates on gold, iron ore, base metals and thermal coal.

Jonathan Barratt of Barratt’s Bulletin cites US summer demand, harricanes and ongoing geopolitical tensions as reasons oil remains supported.

A glance through the latest expert views and predictions about commodities with Danske Bank revising commodity forecasts, analysis of the lead and zinc markets and how China’s aluminium market is dealing with Indonesia’s export ban.

With Europe and China continuing to impact on commodity markets, forecasts across the sector have been revised.

World stainless steel output should rise this year but expectations for future Chinese steel demand growth appear optimistic, with pressure on the steel market to impact on iron ore.

Jonathan Barratt of Barratt’s Bulletin reports on an expanding US drought, falling crop expectations, and potential for even higher prices.

A glance through the latest expert views and predictions about commodities, with expectations for weak August prices to be followed by gains later this year and updates on aluminium, copper and de-rating in gold stocks.

The uranium spot market was a little busier last week than the week prior, but pressure to sell has taken another slice off short term pricing.

Comex short positions in gold are elevated and this is often followed by a rally in price, while ETF demand is seen as a key support for the price of the metal.