Daily FNArena News - Commodities

Turnaround in resources nigh?; Chinese steel supply; met coal prices; UBS holds the line on gold prices, downgrades copper and nickel.

Several brokers assess the factors at play in the gold sector and favour those stocks exposed to Australian dollar weakness.

Market analysts at FXCM suggest the overnight rally in West Texas crude returning to above the US$50/bbl mark.

Spot and term uranium prices slipped last week as another prospective producer decided against proceeding with its project.

When Indonesia announced a future ban on nickel exports some two years ago expectations were for a mounting deficit in the metal. Now, ANZ analysts calculate that prospective deficit is fast diminishing.

Deutsche Bank and Morgan Stanley downgrade commodity prices and review the outlook for miners; tin pressured by supply; lead outlook comparatively better; several factors weighing on steel.

The outlook for energy, industrial metals and bulk commodities; platinum and Volkswagen; China’s grain imports.

As three utilities continue to consider term delivery offers, the uranium market remains devoid of any price-setting indicators.

Iron ore prices have stabilised and even rallied a little. Is it time to become more bullish? Several brokers assess the prospects.

As utilities continue to consider tenders for term supply contracts, the spot market has slowed ahead of pricing indicators being revealed.