Daily FNArena News - Commodities

September is jewellery month, and traders are expecting a return to traditional demand coming out of India and China.

Propsed capacity expansions in the US steel market lead industry consultant MEPS to caution there is a chance of the market moving into an oversupply position.

Large liquidations in futures longs have exacerbated oil’s fall, but one hurricane does not a season make. And is it all over in Iran?

A US survey shows economists expect the oil price to rise over the next year, while alternative energy sources should continue gaining acceptance.

Copper consumption is falling in China, Chinese aluminium production is surging, and the US steel market is weakening. Short term?

National Australia Bank’s monthly oil update suggests recent market tightness is likely to be an ongoing issue as supply upside is far from certain and demand is set to continue growing.

Someone has been selling at lot of gold at each price fix recently, but the figures just don’t add up. Will it continue?

There is a growing belief the oil price is inflated by investor inflows and could collapse at any moment. This is rubbish.

While coal prices have been reasonably stable this year the likelihood of increased supply has led to downward revisions in price forecasts for 2007.

As the Lebanon crisis settles down, and the US summer comes to an end, fundamentals look bearish for oil. But there’s still Iran.