Daily FNArena News - Commodities

Call it the “super-cycle”, call it “stronger for longer” or call it neither, but post-GFC analysts are back arguing strong upside for commodity prices from here.

Gold and silver continue displaying bearish signals on price charts.

Brazil’s Vale is reportedly demanding a price rise of 114% and this is likely to provide iron stocks with a boost today.

Barclays Capital attended a stainless steel conference in China and left with the view traders remain optimistic about the outlook for nickel prices.

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.