Chinese destocking of base metals will conclude in June, says Barclays Capital, and imports will return “en masse”.
At a time when the RSPT threatens Australian LNG projects, more bad news may stem from the Chinese government raising domestic gas prices, Macquarie suggests.
A glance through the latest expert views and predictions about commodities with higher prices for coal, a 33% increase for Brazilian iron ore and mixed demand for gold.
Industry consultant TradeTech notes more aggressive pricing by sellers has seen the spot uranium price fall by US25c over the past week.
A glance through the latest expert views and predictions about commodities, with reasons to like Aussie iron ore plays and an update on the feriliser market.
A glance through the latest expert views and predictions about commodities, while some positive signs for oil prices, mixed views on gold and Merrills seeing little downside for uranium.
A glance through the latest expert views and predictions about commodities, with Barclays seeing oil price risk to the upside at current levels and the super tax impact on iron ore examined.
A glance through the latest expert views and predictions about commodities, with iron ore prices under pressure for the next couple of quarters and Oz steel earnings boosted by a weaker Oz dollar.
RBS notes the world has been overlooking the quiet return to oil production in Iraq which could “monumentally” impact on the oil market.
Hopes for a rebound in the spot uranium price this week fell foul of European jitters.