Daily FNArena News - Commodities

In the view of Barclays Capital commodity markets generally are in a period of consolidation before the uptrend resumes.

Oil has been range-bound in the US$70 neighbourhood for more than a month now and should stay there for a while yet.

The world’s largest gold miner has finally decided to buy back its hedge book.

The natural propensity for central banks to sell gold is giving way to a more buy-side oriented global policy.

After twelve months of painful declines, the outlook for stainless steel seems to be on the mend.

Steel industry researcher MEPS believes the tide has definitely turned for all kinds of steel products.

Barclays Capital suggests markets are watching commodities for signs of a growth rebound, which would push prices higher.

While Chinese demand is strong it isn’t enough to cut into current stockpiles.

Barclays Capital suggests the market may be too bearish on a slowdown in Chinese commodity demand in coming months and with other markets picking up it expects the uptrend to continue.

The price of sugar may have soared to new multi-decade highs, it is still 70% below its peak from the mid-seventies.