Strengthening demand and potential supply side disruptions support the view of the Commonwealth Bank and Barclays Capital the oil price has further to run.
Molybdenum gains when steel markets are strong so its fundamentals look solid this year, though China is the swing factor in terms of the supply-demand balance.
Both India and South Africa are clamping down on chromite exports to China, which could well lead to a chromium price jump.
Is silver’s outperformance versus gold about to come to an end? Barclays Capital is bullish on palladium, and on gold, but not so on silver.
Industry consultant MEPS points out higher nickel prices mean higher alloy surcharges and with oversupply emerging stainless steel prices appear headed lower in both North America and Europe.
Where to, the nickel price? If it’s down then Minara is in big trouble. It if it’s up than Rio will be left behind by BHP.
The latest review from GFMS shows gold hedging continuing to decline, while factors supportive to the gold price outlook remain in place.
Last night’s sell-off in gold has only steeled the bullish resolve of its fans.
The Iran situation, jewellery demand, reduced production and central bank diversification all point to gold pushing through US$700/oz as many have expected.
An unexpected strong rebound in demand from China has made the seaborne thermal coal market tighter than expected. Is a contract price surprise in the making?