Thu, Apr 24, 2014
A A A
Welcome kbr175@gmail.com
RSS
Commodities Briefing 08.Jan 2013

Posted on 08 January 2013 by VRS |  Email |Print

Assets in global exchange-traded products tracking commodities rose 17 percent to $199.8 billion at the end of 2012, driven by an increase in gold investments, according to ETF Securities Ltd.
The assets rose by $29.1 billion from $170.7 billion a year earlier, ETF Securities said today in an e-mailed report. Assets in gold ETPs rose to $146.6 billion from $122.5 billion, the report said………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

Standard & Poor’s Ratings Services has published an FAQ article titled, “Global Metals And Mining Sector Could Have It Tough In 2013,” which discusses the difficulties it believes that sector will encounter throughout the year. Standard & Poor’s believes economies in many regions remain fragile and demand for commodities such as steel has weakened as a result.
“While this overall outlook won’t necessarily translate into sharply declining credit quality, we could downgrade some of the borrowers we rates unless business conditions improve significantly in the near term,” said Standard & Poor’s credit analyst Michael Scerbo………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

Standard Chartered Bank (StanChart) is mildly bullish about investing in commodities this year, with an upbeat outlook for gold and base metals but neutral on energy commodities, said its global head of commodities research Hsi Han Pin.
“Commodity moves this year will probably be a little bit different from 2012 where we saw bullish and bearish moves across the complex. This year we’ll see more divergence; some commodities will perform better and others will probably not perform as well,” he said……………………………………….Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

Before you could even say Hallelujah about the US government meeting its Jan. 1 fiscal cliff deadline, the mainstream financial media put us on the edge again, this time, with the food price cliff.
Here’s how the usual experts explain this next looming economic escarpment: Increasing inflation has combined with rising global demand, emerging market growth, and supply shortages to create a perfect storm for runaway prices of natural resources and commodities………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

Strong oil prices combined with higher production to push OPEC’s income to its highest ever level in 2012 and the UAE was expected to have remained the second largest earner within the 12-nation group.
From a record high of around $1,026 billion in 2011, the collective crude export earnings of the 12-nation Organization of Petroleum Exporting Countries were likely to have climbed to another peak of nearly $1,154 billion in 2012, its highest level since the group was created more than four decades ago………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

As Western sanctions have started to take real effect on Iran’s oil exports its production volumes have been reduced sharply throughout 2012, which allowed Iraq to overtake Iran as the second largest producer in OPEC.
Iran’s oil minister, Rostam Qasemi, said that in order to try and maintain a decent position in the OPEC table, and keep the corresponding influence that the position brings, Iran has had to invest $25 billion on upstream oil and gas production since last March, and will need to keep this level of investment up in the future………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

When compared to its counterpart, West Texas Intermediate (WTI), Brent crude had a solid 2012. While WTI was down almost 10 percent, Brent was up in the single digits. Below, the Commodity Investor outlines the growing discrepancy between Brent and WTI, also presenting an analysis of why Brent may very well be the top-performing commodity in 2013.
Brent and WTI have been the dominant benchmarks in global oil markets for decades. However, this year Brent overtook WTI as not only the most traded oil futures contract, but also as the benchmark most used to trade oil globally………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

Some industry veterans believe it’s the biggest development in the energy game since 1859, when the first US oil well gushed from beneath the earth in Titusville, Pennsylvania.
In changes that would have been unthinkable just five years ago, the US is set to become a net energy exporter in the next few years, thanks to the controversial process of fracking that is re-wiring geopolitics and the world of energy………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

Despite a relatively down year with respect to investment and production capacity expansion, the biofuels industry grew modestly in 2012, continuing a shift from first generation facilities to next generation, advanced biorefineries.
Although it was a year of challenges for corn starch ethanol production in particular, the industry proved its mettle against persistent drought across the U.S. Midwest that led the UN to call for a scale back of biofuel production mandates……………………………………….Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

More than 8,000 jobs have been stripped from Australia’s coal sector in the past 6 months and heading into 2013 the industry continues to feel the pressure. Australian coal companies are struggling to compete on the global stage, facing increasing competition from the United States, a drop in coal prices, a high Aussie dollar and rising operation costs.
However, some are hoping that India’s crippling energy problems and hunger for coal will bring Australia’s coal industry out of these dark days………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

A shrinking global economy took a heavy toll on producers of nonprecious metals in 2012. Prices for base and industrial metals like copper, iron ore, and aluminum fell sharply as demand nearly collapsed.
Some companies tried to buy their way out of the problems by taking stakes in energy production projects. When Freeport McMoRan Copper & Gold Inc. agreed to buy McMoRan Exploration Co. and Plains Exploration & Production Co. for total consideration of $20 billion, the deal was criticized from a number of standpoints………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

Speculators returned to building their bullish exposure to gold and copper futures and options contracts as prices rose, according to U.S. government data released Friday. Speculators added to bullish positions in gold and copper, two markets that saw bullish positions slashed in mid-to-late December, in both the legacy and disaggregated weekly commitment of traders reports released by the U.S. Commodity Futures Trading Commission for the week ended Dec. 31.
However, speculators are narrowing bullish positions in silver and platinum, while funds are back to loading up with palladium after mixed action in the previous report………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

While silver’s drop last month might be the overlying memory for those looking back at silver in 2012, we mustn’t forget its stellar performance since June lows of $26.13 rising to above $33 in early December. According to a survey carried out by Bloomberg, analysts, traders and investors see the silver price rising around 29% in 2013.
Back in November we outlined how we expected Barack Obama’s re-election to impact the gold price. While we didn’t look at silver as well, we fully expect this political event to have exactly the same impact, silver was after all one of the best performing financial assets in Obama’s first term……………………………………….Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

Gold may have been the darling of exchange-traded product investors last year, but its sheen could tarnish a tad in 2013 if global economic conditions continue to improve, ETF Securities said Monday.
Global commodity ETP assets under management rose by $29 billion to reach a record year-end high of $199.8 billion last year, almost double the level seen at the end of 2009, the London-based ETP provider said in a quarterly report on the sector. At $146.6 billion, gold ETPs accounted for 73% of total commodity ETP assets in 2012, growing by $24.1 billion during the year, the firm said………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

The value of physical inflows into gold exchange-traded product funds in the fourth quarter once again exceeded quarterly inflows of other commodity ETPs, according to data that fund provider ETF Securities released Monday.
Gold ETPs saw Q4 net inflows of $4.5 billion, far outdistancing the $445 million in crude oil ETPs and $410 million for broadly diversified commodity ETPs, said ETF Securities analyst Nicholas Brooks. Overall, energy ETPs saw Q4 inflows totaling $682 million, compared with net Q3 outflows of $627 million, while precious metal ETPs saw Q4 inflows totaling $4.95 billion compared with $8.3 billion in the previous quarter………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

In Mathematics, there is a method when you have to exclude and discard first all the wrong solutions before ending up with the correct solution to a problem. In Investing, the equivalent method is when an investor stays far from specific companies which have increased odds to impact negatively the yield of his portfolio.
As a New Year starts, we all place our bets for a high yielding portfolio rejecting the potential laggards and loading the potential winners. After checking my database of 2000 companies, I decided to write an article about the companies that I will not put into my shopping list for 2013 providing also the rationale behind my decision………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

The yen and dollar face a tough 2013 as the Japanese and US central banks print money furiously to stimulate their economies, making the euro and sterling unlikely relative winners despite Europe’s gloomy prospects.
With a global economic recovery looking shaky, analysts say the major central banks will be happy to see their currencies weaken this year if it helps their exporters to become more internationally competitive……………………………………….Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

In the global rice market, a big and surprising buyer has emerged: China. For decades, China’s booming rice production enabled it to sell far more rice than it bought. But the world’s biggest consumer of the grain has become a major importer.
In 2012, the country bought a record 2.6 million tons of milled rice, according to the U.S. Department of Agriculture. That was a sharp acceleration of a trend started in 2011, when China bought 575,000 tons. China had been a net importer of rice in just four of the previous 50 years………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

The worth of traded EU carbon allowances and UN greenhouse gas emissions credits fell by 36% in 2012, although trading reached record levels. The value dropped from €95bn in 2011 to a reported €61bn last year, representing the first annual contraction to be suffered by the sector since 2008, according to Bloomberg New Energy Finance.
However, trading across the world’s carbon markets grew by 26% in 2012, to reach 10.7bn tonnes, which is equivalent to one third of the world’s total emissions of carbon dioxide………………………………………..Full Article: Source

Posted on 08 January 2013 by VRS |  Email |Print

The value of the world’s carbon market fell by 36% last year, according to Bloomberg New Energy Finance, the first annual contraction to hit the CO2 reduction mechanism since 2008.
The worth of traded EU carbon allowances and UN emissions credits fell from €95 billion in 2011 to a reported €61 billion. Analysts blame a near halving of the average price of carbon allowances from €11.2 a tonne in 2011 to €6.4 a tonne by the end of 2012………………………………………..Full Article: Source

See more articles in the archive

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930