Daily FNArena News - Commodities

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?

Uranium producers are in the box seat as buyers clamour for the tidbits on offer.

Analysts suggest the oil market remains tight, but capacity exists to avoid sudden price shocks.