Daily FNArena News - Commodities

The oil market continues to display tight fundamentals and this is expected to support prices, with analysts adjusting price expectations for expected conditions.

David Bicchetti and Nicolas Maystre of UNCTAD suggest as commodity markets becomes more financialised they are becoming more prone to external destabilising effects.

BA-Merrill Lynch sees many China-related reasons for near term iron ore upside while JP Morgan reviews Australia’s iron ore mid-caps.

China’s copper demand apparently remains robust, which is at odds with recent economic data. The practice of borrowing cash against copper stockpiles suggests some misled assumptions with regard to supply-demand.

With little pressure on sellers, the spot uranium price managed to tick up slightly last week.

A glance through the latest expert views and predictions about commodities with arguments prices are not reflecting demand, expectations for more volatility and updates to forecasts and ratings.

Jonathan Barratt of Barratt’s Bulletin warns that while news may have gone quiet from Iran, the risk of heightened tensions has increased.

A glance through the latest expert views and predictions about commodities with updates on Chinese commodity markets, why nickel may be cheap, upside for PGMs, met coal and broker updates.

A bit of late end-of-quarter buying saw a slight spot price rise last week for uranium but it was an otherwise uninspired March quarter.

Jonathan Barratt of Barratt’s Bulletin looks at the prospects for corn, wheat, soybeans and cotton.