Daily FNArena News - Commodities

Iron ore prices have continued to come under pressure in recent weeks and no sustained rally is expected before macroeconomic conditions stabilise.

In the view of Barclays Capital the global oil market continues to tighten, which should support prices prices averaging US$115 per barrel in 2012.

Jonathan Barratt of Barratt’s Bulletin analyses the implications of suprisingly large copper stockpiles.

A glance through the latest expert views and predictions about commodities with updates on supportive factors for oil and tin, China’s under-reporting of steel production and a correction in iron ore prices.

A glance through the latest expert views and predictions about commodities with ANZ and Barclays updating on commodity expectations, issues for steel and oil and a note on palladium.

An ongoing disconnect in the spot uranium market kept players on the sidelines last week.

A glance through the latest expert views and predictions about commodities with increases to nickel price forecasts but cuts to oil estimates and a review of Australian gold plays and global peers.

The spot uranium price ticked higher last week despite material on offer from the US Energy Commission.

Using factors such as the level of linkage to economic cyles and emerging market demand, Barclays has ranked the vulnerability of various commodities assuming a global recession.

Despite the recent price correction, analysts have either maintained or even increased some pretty elevated gold price forecasts for 2012.