Thu, Aug 28, 2014
A A A
Welcome kbr175@gmail.com
RSS
Commodities Briefing 04.Jan 2013

Posted on 04 January 2013 by VRS |  Email |Print

Agri commodities outperformed industrial consumables with an impressive margin in 2012 due to strong fundamental support from the American continent. While the drought in Brazil and Argentina kept the global sentiments firm, the Indian government’s decision to raise the minimum support price ( MSP) of agri produce helped the price remain on a firm footing.
On the other hand, demand for industrial commodities remained low due to the prevailing uncertainty in the global economy. Commodities like cardamom offered returns of 70 per cent followed by turmeric and soybean with 38 per cent and 29 per cent, respectively………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Worldwide growth has seen commodity prices rocket over the past decade as expanding populations and emerging market prosperity have created an unprecedented demand for raw materials. This, coupled with recent stock market volatility and high UK inflation rates, has driven investors towards tangible assets.
China’s rapid GDP growth and middle-class boom has played a key role in the commodity ‘super cycle’. Over the past 10 years its residents have seen their annual earnings quadruple, which in turn has resulted in urbanisation projects, massive redevelopment and a flourishing middle-class that have begun consuming luxury goods………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Credit Suisse lowered its 2013 average price forecasts for West Texas Intermediate (WTI) crude oil by over 5 percent to $102.75 per barrel from $106.00, while leaving its forecast for Brent crude unchanged at $115.
It cut its forecast for gold, also by over 5 percent to $1,740 per oz from $1,840, and revised its 2013 price outlooks for various base metals. It left forecasts unchanged for other commodities including natural gas, wheat, corn and soybeans………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

In an increasingly resource limited world, a growing global economy will likely result in accelerating price pressures in practically all major commodity segments. But at the same time, the threat of a slow-growing or decelerating global economy also creates the possibility of commodity deflation, especially from saturated developed economies.
For investors, it creates a classic “What is it worth?” puzzle, with the opportunity for significant investment gains paired with the potential for significant losses and volatility along the way………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

That’s what it looks like after the one-day boom-let on the London Metal Exchange on the fiscal cliff avoidance. Up all the base metals went — aluminium by 4.2 per cent, copper by 3.3 per cent and tin by 4.5 per cent. And, last night, they all came down again, not quite losing all the previous night’s gains.
But give them time. Zinc was the biggest loser overnight, shedding 2.4 per cent to close at $US2088 a tonne. However, copper was still looking surprisingly strong at $US8164/tonne and tin positively muscular at $US23,980/tonne………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

OPEC production fell below 31 million barrels a day last month for the first time since October 2011, according to a Wall Street Journal survey of industry sources and analysts.
Crude-oil production from the Organization of the Petroleum Exporting Countries averaged 30.933 million barrels a day in December, down about 110,000 barrels a day from 31.043 million barrels a day in November………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Major bullion bank HSBC cut its 2013 average gold price forecast to US$1,760 an ounce from US$1,850. It kept its 2014 gold forecast at US$1,775 an ounce and introduced a 2015 forecast of US$1,675 an ounce.
The bank left its 2013 and 2014 silver, platinum and palladium forecasts unchanged………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Gold traders expect prices to rebound from the longest weekly losing streak in eight years as mounting that concern that U.S. lawmakers are doing too little to control the budget deficit spurs demand for a protection of wealth.
Twenty analysts surveyed by Bloomberg expect prices to rise next week, five were bearish and a further two were neutral. While hedge funds cut bullish bets to a four-month low last week as prices slid for a fifth week, investors are holding a near- record amount in gold-backed exchange-traded products that are now valued at $138.8 billion, data compiled by Bloomberg show………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Silver has been the biggest gainer in the precious-metals complex after U.S. lawmakers reached an agreement on taxes but delayed other decisions such as the debt ceiling and government spending, said Triland Metals in a commodity snippet.
Shortly before the Comex pit close, March silver was 95.3 cents, or 3.2%, stronger at $31.18. “The kicking of the fiscal cliff can down the road for two months has induced a risk-on rally across the globe,” they added………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Fitch Ratings forecasts that copper consumption will grow about 4% annually through 2014, based on a soft landing in China and a slow recovery in developed nations. European copper consumption is expected to remain depressed through this year.
“Fairly balanced markets are expected for 2013, while 2014 could show better supply,” said Fitch analysts. Copper supply is expected to grow at about 3% annually through 2014 as production recovers from 2011 labor disruptions and new projects ramp up, offsetting lower grades in older mines………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Gold bugs say the global economy could collapse any day now. But what about investors who see continued growth in emerging economies and a steady, if slow, U.S. recovery? Look to base metals, recommends Haywood Analyst Stefan Ioannou. He expects price runs for 2013–2015, especially for zinc, which is facing a serious supply squeeze.
Strong fundamentals underpin the copper price going into 2013. Despite a tough copper equity market in 2012, the metal price itself has been pretty solid, averaging around $3.60 per pound ($3.60/lb)………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Exchange-traded funds give investors an easy way to place bets covering a broad array of assets at once. But in the commodities sector, as with other asset classes, there are now funds dedicated to increasingly narrow market slices.
The widest-ranging commodities offerings lump together gold, natural gas, soybeans and other basic goods under the same ticker symbol. Then there are funds that focus on one major area of the sector, such as energy or agriculture………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Gold ETFs shined once again in 2012 as the price of the metal rose for its twelfth consecutive years . With uncertainty in the economic environment, investors generally opt for safe havens such as gold, to invest in, even though the stock market generally saw a solid performance for the trailing one year period.
Apart from acting as a safe haven at times of economic uncertainty, gold has been performing well in the past few years as central banks across the globe strive to stimulate economic growth and investors seek gold acts as an inflation hedge or a safeguard against a debased currency………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

Commodities had net investment inflows of $20.6 billion last year through Dec. 25, compared with net outflows of $12.3 billion for all of 2011, Citigroup Inc. estimated.
Energy-related investments were $9 billion followed by precious metals at $6.6 billion and agriculture at $1.2 billion, Aakash Doshi, a strategist at Citigroup Global Markets, said………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

The currencies of eastern Europe have emerged as the best performers of 2012 in the forex market, shrugging off both weaker growth in the eurozone and domestic funding issues as investors flocked to higher interest rates in Hungary and Poland.
The Hungarian forint and the Polish zloty have both risen 11 per cent against the US dollar in the past 12 months, making them the strongest performing of the world’s major currencies this year………………………………………..Full Article: Source

Posted on 04 January 2013 by VRS |  Email |Print

The value of global carbon market transactions plunged 36 per cent last year as European Union permit prices fell and United Nations emission credits dropped to records, according to Bloomberg New Energy Finance.
The market’s value declined to 61 billion euros ($76 billion) from 95 billion euros in 2011, New Energy Finance said in an e-mailed statement. The value of UN offset trading decreased 64 per cent to 6 billion euros. Total trading volume jumped 26 per cent to 10.7 billion metric tons, equivalent to a third of the world’s total carbon-dioxide emissions………………………………………..Full Article: Source

See more articles in the archive

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31