Daily FNArena News - Commodities

Industry consultant points out re-stocking is in place and thus demand, and prices, could fall again soon.

Technical charts feed gold’s relentless momentum, even after breaching the US$700/oz level. A new all time high may well come within reach sooner than anticipated.

An unexpected surplus of carbon credits in Europe has caused a price collapse that will likely flow through to higher Asian coal prices.

Industry consultant finds crude steel production is growing faster in nearly all regions.

Citigroup analysts believe the commodities market has priced in all of the possible good news without any of the risks. This suggests that even taking a super cycle as a given, things can’t go much higher from here. What then should investors consider in sector selection?

A price correction for copper seems more likely now, UBS says, while silver should still be able to make further gains.

Warren Buffet is believed to have sold his silver holdings – too soon so he missed out on a potentially highly profitable position.

At a time when even supercyclists believe spot prices for commodities may be a bit too high, one of the skeptics puts its voice to the expert debate.

No sooner had we noted Citigroup’s belief that analysts’ oil price forecasts were soon be reviewed on the upside, we have our first cab off the rank.

Citigroup’s Asian oil analyst believes the market seems ripe for another round of increased oil price forecasts, possibly over the next few weeks.