Daily FNArena News - Commodities

Uranium prices might be subdued but in the commodity market in general at present, this is a big win.

Oil price fixation; commodity outlook may get worse; ranking metal demand; and some benefits flowing for steel producers.

Spot uranium is not participating in the global sell-off, instead posting steady price increases on low volumes.

The spot uranium price has suffered its biggest weekly fall since April, following six weeks of stagnation.

The uranium market continues to stagnate, as the spot price yet again remains unchanged.

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.