Daily FNArena News - Commodities

National Australia Bank suggests the oil price may consolidate short-term but longer-term it expects further gains.

After weeks of stellar increases, spot uranium is retreating again.

Rio Tinto and Nippon Steel have agreed to lower iron ore price by 33-44% this year, but how will the Chinese respond to this?

After weeks of continuous rises the spot U3O8 price retreated the past week in the absence of any deals concluded.

A move to better fuel economy in cars and trucks in the US may reduce gasoline demand but Barclays Capital suggests any change won’t impact on the global oil market balance.

According to GaveKal the recent run in the oil price is not supported by fundamentals but Barclays Capital has a different view.

Poor harvests in India and elsewhere should offset higher Brazilian output and so keep upward pressure on sugar prices.

Aluminium prices have risen from recent lows as sentiment has improved but according to Barclays Capital there are reasons to remain bearish on the metal in coming months.

In theory coal prices moving lower places a floor under natural gas prices but according to Barclays Capital the reality is somewhat different.

Longer-term higher Chinese demand suggests upward pressure will continue for commodity prices, even if prices ease in coming months.