Daily FNArena News - Commodities

Commonwealth Bank analysts take a look at the vast cheap coal resources which are key to the significant growth in Chinese aluminium capacity.

Jonathan Barratt of Barratt’s Bulletin will not call a bottom for gold just yet but makes the argument as to why a bottom may have been found.

Danske Bank sees commodity prices improving this quarter, but believes it will be a long time before they can catch back up with equities.

While most of the uranium world gathered for the World Nuclear Fuel Cycle conference last week in Singapore, slim volumes helped push prices lower.

Oz coal juniors are underperforming and coal prices are under pressure. Oil prices tighten as tensions increase while Chile is losing competitiveness in copper.

Price forecasts are cut for base metals as supply starts to exceed demand and BHP’s plans for coal production should limit price upside.

Jonathan Barratt of Barratt’s Bulletin suggests more downside for copper may only be a precursor to a return to strength.

Tim Price of PFP Wealth Management ponders whether to stimulate or not stimulate, that is the question.

The pressure is on for copper, iron ore and nickel producers and BA-Merrill Lynch finds most miners are trading at deep discounts to NPV.

Last week was another quiet one in the uranium market, with participants battening down the hatches ahead of the World Nuclear Fuel Cycle conference.