Daily FNArena News - Commodities

Sugar prices have fallen heavily over the past few weeks but Commonwealth Bank sees scope for a short-term bounce.

Barclays expects supply side issues will support platinum prices through the rest of 2010.

It is probably a fair assumption that spot U3O8 prices have seen their bottom with this week recording another rise.

According to Barclays Capital the market is underestimating Chinese oil demand growth, which it sees as supporting prices and eroding oil inventories.

Sellers have tried to raise their prices but their move pretty much brought the U3O8 spot market to a standstill last week.

Prices seldom fall forever, not even for uranium.

According to Barclays Capital the global oil market is moving closer to a new pricing phase in a range of US$80-$90 per barrel.

UxC has gone one step further than TradeTech this week.

Steel researchers at MEPS forecast higher prices, and higher production for stainless steel products this calendar year.

Short term trendlines have fallen below long term trendlines for uranium stocks around the globe. Meanwhile, spot prices continue falling.