Daily FNArena News - Commodities

Spot uranium is suffering from a rush of traders trying to unload unwanted material by year-end.

Jonathan Barratt of Barratt’s Bulletin suggests renewed violence in Libya implies an otherwise bearish view on oil must be tempered for the time being.

Thermal coal supply, the untangling of Canada’s crude networks and price directions for aluminium and zircon.

Uranium sellers unable to secure buyers decided to hit the spot market this week, pushing down the spot price.

Jonathan Barratt of Barratt’s Bulletin contemplates whether ongoing ETF sales return us to past days of continuous gold sales.

With very little activity being registered in spot uranium, the spot price has remained unchanged all month.

Coal market still in oversupply, iron ore pricing looks firm, Australia’s steel market is cautiously optimistic and nickel prices may get much-needed support.

The uranium market is unfortunately in relative demand-supply balance, participants concluded at a conference. No change to weekly prices.

China’s seasons matter more these days to commodities, uranium remains under pressure and Macquarie thinks nickel prices have turned a corner.

Jonathan Barratt of Barratt’s Bulletin notes US inflation is waning again. The new Fed chair may yet provide more gold-positive stimulus.