Daily FNArena News - Commodities

With market fundamentals solid as ever and the US hurricane season ahead, Barclays Capital believes the price of oil is likely to go up.

China Steel Corp is the latest addition to the list of CVRD customers accepting a 19% price increase for iron ore fines, but don’t be fooled by the name as the company is Taiwan’s numero uno.

Merrill Lynch’s Vicky Binns repeats her view that alumina prices have peaked and the effect should be felt by aluminium in 3-6 months.

CVRD has announced yet another iron ore contract, but it is not with China’s Boasteel.

Chinese steel production has taken the lead role in the world, but this has not helped at the negotiation table for annual iron ore delivery contracts. Should China blame itself?

While Rio Tinto and CVRD continue signing 19% price increase agreements with their customers, Chinese steel mills continue to resist the proposed price increases

Citigroup commodity specialists see further support for their buoyant spot copper price forecasts in the sharp fall in treatment and refinery charges.

Increasing inflation is creating headwinds for commodities, but the longer term story remains intact, experts say.

Japanese agreement to a 19% iron ore fines price rise leaves China in a pickle.

It would seem like the Chinese are receiving a lesson in Western style contract negotiations from Brazil’s CVRD.