Daily FNArena News - Commodities

Commodity demand improves in April; temporary respite for oil; gold apathy; urea under pressure; more rationing needed for iron ore.

The recent slip in the spot uranium price became a plunge last week as selling outstripped buying interest. Term contract prices have also fallen

Manganese has suffered a similar fate to iron ore in the slowing of steel production growth but the upcoming South32 de-merger has reinvigorated interest in the outlook for the metal.

Oil production decline in US; China’s thermal coal exports; copper supply diversifies; gold under pressure; platinum demand lacklustre.

Sellers are being forced to lower prices in the face of a lack of spot market buying interest from utilities.

Supply constraints in copper; nickel trough likely; Evolution Mining deal a sign of more M&A to come; and oil market themes.

Macquarie believes uranium inventories are building across the globe, suggesting near term downside risk for the spot uranium price.

Ahead of the Herd’s Rick Mills discusses unfettered population growth and its impact on food, water and air.

Commodity trough may be nigh; balance emerging in copper; aluminium supply lifts; nickel supply crunch; iron ore blues; gold loses its lustre for Citi.

Subdued mineral sands; Chinese iron ore miners; China’s steel output; UBS revamps oil outlook; Credit Suisse more optimistic on nickel; rural confidence improves.