Daily FNArena News - Commodities

The wet end to winter looks to be continuing, threatening to spoil bumper crops while contributing in small part to the surging coal price.

Last week saw the uranium spot price fall a further 8%, to mark a 14% fall in the month of September.

Oil supply outlook; Philippines mining audit developments; China’s policies on coal.

Morgan Stanley upgrades forecasts for bulk prices; surging coking coal; copper outlook brightens; time to engage with gold stocks.

Spot uranium demand from utilities has picked up of late but sellers are the more urgent party, leading to further price falls.

Pricing outlook for mining commodities; demand increases for bulks; positive trends for Oz coal and iron ore miners; Ord Minnett’s gold picks.

Sellers stepped up the pace last week, sending the spot uranium price down yet again.

A number of key factors have lined up in the coal market and the price canary has flown the cage, with coking coal surging significantly in August.

China’s policy and support for commodity prices; steel demand underpins iron ore and coking coal; stability in copper prices.

Uranium prices remain persistently low while sellers who need to offload product continue to do so.