Daily FNArena News - Commodities

UBS tours China; aluminium supply reductions; steel industry adjustments; commodity recovery signals; sensitivities to a US$40/bbl oil price.

The stasis apparent in the uranium spot market all through December has continued into December.

The outlook for 2016 commodity prices is for more of the same subdued markets where supply continues to overwhelm demand, albeit declines are expected to be be more modest than in 2015.

Market analysts at FXCM look at the technicals for the oil price ahead of this week’s OPEC meeting.

While spot uranium volumes and prices remained subdued throughout November, term market activity ramped up.

Macquarie’s visit to China; Is there hope for base metals?; tin can trade lower; Credit Suisse extends weak forecasts for mineral sands; Deutsche Bank searches for resources upside.

The US holiday period has ensured low levels of activity in uranium markets while in the bigger picture, nuclear power continues to grow globally.

The mid-week Veterans Day holiday in the US ensured a quiet week for uranium markets.

Catalysts for iron ore; major miner dividend policy; and Japan’s future energy needs.

Utilities became more active in the spot and term uranium markets last week, leading to a slight uptick in price.