After weathering a tumultuous 2009; potash producers are holding their breath in anticipation of a better 2010. Analysts are confident that producers will get what they desire; predicting demand for potash will bounce back this year as purchasers return to the market.
The recent drawdown in potash inventories supports the suspected rebound. North American potash inventories [...]
Aluminum Investing News reports aluminum demand has improved in Japan.
Aluminum stockpiles in Japan dropped by 15 per cent in June from a month earlier to the lowest level since July last year. Inventories in Yokohama, Nagoya and Osaka ports fell to 207,600 metric tonnes at the end of last month compared with 243,300 tonens on [...]
Nickel Investing News reports nickel prices fell with other base metals this week.
The sharp losses in futures values hit all the base metals as another round of fear spread through the markets. Copper also dropped for the fourth day, heading for the longest losing streak since December, after weak US manufacturing data strengthened the dollar [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday.
Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
After nose-diving from a peak [...]
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Iron Investing News reports iron market moving towards a gloomy start.
“We need to recognise the fundamentals of the market. The market would show that it does need a downward adjustment this year,” said Sam Walsh, head of Rio’s iron ore division. But given the potential for a recovery in industrial demand at some stage and [...]
Copper Investing News reports copper price has rallied over the last quater and has become the top performer among metals.
Copper’s ascent has been fuelled by Chinese purchases depleting available inventories. Refined copper imports by China, the world’s biggest consumer, will also increase this quarter, Wang Chiwei, vice president of Jiangxi Copper Co., China’s largest producer, [...]
Crude Investing News reports investors see sign of economic growth with higher oil prices.
“It is almost as if the market wants to see oil rally,” says Phil Flynn, senior market analyst at Alaron Trading, a commodities trading firm, because of its status as a bellwether for the market. “Short term, the market is hoping for [...]
Copper Investing News reports copper not as popular as gold and silver as safe-haven investment.
Copper investments were not appealing. Copper, fundamental to the transfer of electricity for buildings, machinery, transportation and construction is often used to signal changes in economic activity; copper is a mirror of economic growth. With the global economy in shambles, copper [...]
Copper Investing News reports copper prices fell as inventory depletes.
Copper took a slight dip, falling $45 to $3,700, bit overall prices are still high. U.S. copper futures trading volumes shrunk as profit taking purchases dried up; recently, copper trading activity was high as stimulus related purchases from China had buyers worried that there would not [...]
Nickel Investing News reports in the past year, nickel did not perform very well; in fact it is the worst performing metal.
Prices will remain under pressure. Stocks are rising, and demand is dropping sharply. Analysts predict that $8,850 per tonne is a good downside target, at noon GMT Tuesday, LME three-month nickel price was indicated [...]
Thursday, February 18, 2010
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