Daily FNArena News - Commodities

As conditions continue to weaken brokers are continuing to reduce their commodity price forecasts.

The price of a pound of yellow cake continues to drop.

Assets under management in the commodities sector may have fallen, but it’s from lower prices not lower investor interest.

While aluminium prices will again be demand driven once the market’s current volatility ends, Standard Chartered suggests here the outlook is not good as Chinese demand continues to fall.

Short term weakness will prevail, but Goldman Sachs sees longer term opportunities.

Weaker economic conditions are creating a cyclical downturn in the oil market and analysts are lowering their price expectations accordingly.

Falling oil prices, a firmer USD and slowing demand signals continued weakness for coal prices.

Spot iron ore prices are coming under pressure from a combination of weaker demand and higher stockpiles.

The global supply of Chromium, Gold, Manganese, Palladium, Platinum, Vanadium and even Uranium is under threat.

Steel prices have peaked according to Westpac and as a result the bank is cautious on the outlook for iron ore prices.