Market Wrap For Daily Commodity

18-03-2011

MARKET WRAP FOR COMMODITY

• Copper rebounds to week-high
• LME copper stocks rise
• Japan still struggling to contain nuclear crisis
• Gold supported by inflation worries
• U.S. industrial output slips
• Oil rises over 3 pct on Middle East unrest


Copper hit it’s highest in over a week on Thursday as buyers moved back into the metal after Japan's nuclear crisis drove it to three-month lows this week, with positive U.S. data giving an additional lift to prices. Gold rose on Thursday, sustained by an increase in exchange traded product (ETP) holdings, stronger physical demand and a weaker dollar. Oil prices rallied by more than 3 percent on Thursday as unrest in the Middle East and North Africa added more worries about supply disruptions.
 
21-03-2011


MARKET WRAP FOR COMMODITY

• Copper failed to extend gains into a third day Friday
• LME copper inventories to their highest level since last July
• Aluminum LME stockpiles saw an outflow of 6,575 tonnes
• Gold up on safe-haven bid as Libya ceasefire questioned
• Oil prices slipped on Friday after two days of gains
• Natural gas trading near recent high

Gold rose for a third straight day on Friday after a unilateral ceasefire declared by Libyan leader Muammar Gaddafi failed to calm investor nerves as political tensions remained elevated across the Arab world. Copper failed to extend gains into a third day Friday, ending lower, as further tightening moves in China, Middle East unrest and Japan's nuclear crisis kept investor risk at a minimum. Oil prices slipped on Friday after two days of gains, as Libya declared a ceasefire, easing for the moment the threat of a Western air attack that could escalate the conflict and further damage oil facilities.
 
22-03-2011


MARKET WRAP FOR COMMODITY


• Gold prices held steady on Monday
• Copper prices edged lower on Monday
• Lead slips after making new multi week high
• Oil steadied on Monday
• Silver up on week starting


Gold prices held steady on Monday, supported by a weak dollar and firm oil prices, as the unrest in the Middle East and North Africa intensified and Japan continued its efforts to control the nuclear crisis. Copper prices edged higher in London on Tuesday, paring the previous session's 1 percent loss, but Shanghai futures extended losses after weak import data from the world's top commodity buyer and soft housing data in the United States. U.S. crude oil futures were steady on Monday as supply concerns triggered by the spreading unrest in the Middle East supported prices, but uncertainty about demand from the world's No. 3 consumer Japan capped gains.
 
23-03-2011


MARKET WRAP FOR COMMODITY


• Gold steady as dollar recovers
• Dollar is still hovering near 15-month lows
• Copper rose on Tuesday after a sell-off
• Copper stocks rise yet again
• Crude oil trading above 104$


Gold steadied on Tuesday after some respite in Middle East protests, an anticipated slowdown in Western air strikes on Libya eroded some of safe-haven demand for the metal, and as the dollar recovered. The dollar is still hovering near 15-month lows against a basket of major currencies, which should favour gold. Copper rose on Tuesday after a sell-off reinvigorated buying interest, but sentiment was fragile as fighting intensified in Libya, unrest simmered across the Middle East and Japan's nuclear crisis remained unresolved.
 
25-03-2011



MARKET WRAP FOR COMMODITY


• Copper prices ended lower on Thursday
• U.S. Feb durable goods orders, jobless claims fall
• Gold retreats after record high
• Silver has gained more than 40 percent since late January
• Crude oil trading near 105$


Gold hit record highs on Thursday as the resignation of Portugal's prime minister ahead of a summit of EU leaders on the European economy this week revived jitters over the euro zone sovereign debt crisis. Copper prices turned lower on Thursday, falling from almost three-week highs after new orders for U.S. manufactured goods fell unexpectedly last month, hinting at slowing activity in the world's largest economy
 
28-03-2011


MARKET WRAP FOR COMMODITY

• Commodities on the whole posted a small gain on Friday
• Gold falls as dollar rises
• Silver gained 0.2 percent to $37.21 an ounce
• Oil up nearly 5 pct on week due to supply squeeze fears
• Copper ended lower on Friday
• Aluminium rises to 2-1/2-year high

Copper ended lower on Friday, extending a phase of consolidation from this week's twoweek highs, as investors continued to weigh the economic impact from Japan's nuclear catastrophe and a worsening debt crisis in Europe. Oil prices edged lower in light profittaking on Friday, but ended higher on the week, as supply threats from the Middle East and Libya and the ongoing crisis in Japan sidelined many players. Gold reversed gains in high volume on Friday, hit by a dollar spike after several top U.S. Federal Reserve officials said the Fed is unlikely to extend its bond-buying stimulus program beyond a planned $600 billion.
 
29-03-2011

:)

MARKET WRAP FOR COMMODITY
• Gold keeps cutting loss as dollar retreats
• Euro erased losses against the dollar
• Oil felt pressure earlier by the stronger dollar
• Copper prices stumbled on Monday
• Copper stocks at highest since last July
Gold fell more than 1 percent on Monday, briefly dipping below $1,410 an ounce, as the dollar rose after hawkish comments from a Federal Reserve official last week and as impetus from unrest in the Middle East petered out. Oil retreated on Monday, with both U.S. and Brent crude futures slipping over a dollar, after Libyan rebels regained control of key oil towns and the dollar firmed on hawkish comments from a U.S. central banker. Copper prices stumbled on Monday as renewed worries about Japan's crisis, unrest in the Middle East and rising stocks persuaded investors to retreat from assets perceived to be risky.
 
30-03-2011


MARKET WRAP FOR COMMODITY
• Gold steadied near $1,420 an ounce on Tuesday
• Copper ends up but demand worries
• Aluminum hits fresh 2.5 yr high
• Natural gas slips almost 4% on Tuesday
• Oil prices turned positive on Tuesday
• Inventories of copper at the LME were down by 400 tonnes


Crude oil prices turned positive on Tuesday as investors eyed market technicals, an equities market bounce and reined in optimism about an early return of Libya's oil exporting capabilities. Gold steadied near $1,420 an ounce on Tuesday as violence in the Middle East boosted the metal's safe-haven appeal, but investors remain autious towards the metal amid expectations monetary policy is set to tighten. Copper recovered losses on Tuesday from a one-week low, mirroring a rise in equities on improved risk appetite, but small gains were capped by demand concerns, while aluminum hit a 2-1/2 year high.
 
31-03-2011


:D


MARKET WRAP FOR COMMODITY


• U.S. oil prices steadied above $104 a barrel
• U.S. crude inventories rose 2.95 million barrels last week
• Yen slipped across the board hitting fresh 10-month lows
• Gold edged down on Wednesday
• U.S. private employers added more than 200,000 jobs in March


Copper prices ended sharply lower on Wednesday U.S. oil prices steadied above $104 a barrel on Wednesday as higher-than-expected U.S. crude stocks helped balance support from unrest in Libya and the Middle East. Gold edged down on Wednesday as investors booked profits from a rally in the previous session, and trading was likely to be muted ahead of the release of Friday's U.S. jobs report.
 
01-04-2011


MARKET WRAP FOR COMMODITY

• Gold recovers as dollar slips
• The dollar fell 0.2 percent against a basket of major currencies
• Copper rose on Thursday as dollar weakness
• Aluminium near highest since Sept 2008
• Oil prices rose on Thursday


Gold was set for a tenth straight quarterly gain on Thursday, rising by nearly 1 percent as the dollar weakened and concern over euro zone sovereign debt and unrest across the Middle East encouraged buying. Copper rose on Thursday as dollar weakness attracted non-U.S. buyers after earlier hitting a two-week low on worries about soft Chinese demand.
 
05-04-2011

:)

MARKET WRAP FOR COMMODITY

• Copper rose on Monday but pared early gains
• Lead touches 3-year high
• Inventories of copper at the LME fell 950 tonnes
• Gold rose back above $1,430 an ounce on Monday
• Oil prices climb on Mideast, North Africa unrest

Gold rose back above $1,430 an ounce on Monday as oil prices climbed and the dollar eased, and as traders anticipate a rate hike from the European Central Bank may lead to further weakness in the U.S. currency. Copper rose on Monday but pared early gains as investors shifted their focus from upbeat U.S. economic data to recent softness in demand from China, where the markets will be closed until Wednesday
 
06-04-2011


MARKET WRAP FOR COMMODITY
• Gold rises to record above $1,450 on inflation fears
• Silver hits 31-year peaks
• Copper rose on Tuesday on prospects for improved demand in Asia
• Copper in LME warehouses at highest since July
• Oil prices rose to 2-1/2 year highs
• Lead hits new multi week high

Gold prices rose to all-time highs above $1,450 an ounce on Tuesday, as new peaks in crude oil and grains fueled inflation fears and a downgrade of Portugal's credit rating fed safe-haven demand. Silver has outperformed gold in recent months, rising 22 percent in the first quarter compared with gold's 0.7 percent. Copper rose on Tuesday on prospects for improved demand in Asia, recovering from losses earlier in the day after China announced an interest rate hike. Oil prices rose to fresh 2-1/2 year highs on Tuesday, with Brent crude topping $122 a barrel as unrest in oil exporting countries in the Middle East and Africa outweighed China's fourth interest rate hike since October
 
07-04-2011

:)

MARKET WRAP FOR COMMODITY
• Gold tops $1,460/oz ahead of euro zone rates meeting
• Silver hits 31-year peaks
• Copper rose to a one-week peak on Wednesday
• Aluminium rises to highest since Sept 2008
• Lead hits new multi week high
Gold hit a record high for a second straight session on Wednesday, powered by investor demand for safe-haven assets and a slide in the dollar in anticipation of a euro zone rate hike, while silver hit fresh 31-year peaks. Oil prices hit fresh peaks on Wednesday, rising to their highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar weakness ahead of an expected European Central Bank interest rate rise. Copper rose to its highest in about a week on Wednesday, as the euro scaled multi-month highs against the dollar and on prospects of better commodity imports data from top consumer China.
 
08-04-2011


MARKET WRAP FOR COMMODITY

• Gold hits record high after Trichet comments
• Silver consolidate near 31-year peaks
• ECB raised rates by 25 basis points to 1.25 percent
• Copper reached its highest price levels in about two weeks
• Lead hits new multi week high

Gold held near $1,460 an ounce in Europe on Thursday, just below the previous session's record high, ahead of a hotly anticipated European Central Bank news conference on interest rates. Copper reached its highest in about two weeks on Thursday, supported by bullish comments from a copper industry conference in Santiago, while tin closed in on record highs. U.S. May crude futures rose 56 cents to $109.39 a barrel, after having hit $109.56, highest in 30 months, helped by U.S. government data showing weekly claims for unemployment benefits fell slightly, adding to signs of a firming labor market conditions.
 
11-04-2011


MARKET WRAP FOR COMMODITY
• Gold hits record high after Trichet comments
• Silver consolidate near 31-year peaks
• ECB raised rates by 25 basis points to 1.25 percent
• Copper reached its highest price levels in about two weeks
• Lead hits new multi week high
Gold held near $1,460 an ounce in Europe on Thursday, just below the previous session's record high, ahead of a hotly anticipated European Central Bank news conference on interest rates. Copper reached its highest in about two weeks on Thursday, supported by bullish comments from a copper industry conference in Santiago, while tin closed in on record highs. U.S. May crude futures rose 56 cents to $109.39 a barrel, after having hit $109.56, highest in 30 months, helped by U.S. government data showing weekly claims for unemployment benefits fell slightly, adding to signs of a firming labor market conditions.
 
16-11-11


MARKET WRAP FOR COMMODITY

  • • Copper falls as euro zone debt woes resurface
  • • Nickel fell to near 6th week low
  • • Crude moved up above 99$
  • • Natural gas stays near multi week low
  • • Gold silver steady near recent high

Copper fell for the first time in three days on Tuesday after rising euro zone bond yields backed mounting concerns that the region's debt crisis will spread and disrupt the global recovery. Oil prices rose on Tuesday on supportive data that pointed to continued economic growth in the fourth quarter, sending U.S. crude to a 16-week peak and offsetting concerns that the euro zone debt crisis will keep spreading.
 
Gold extended an earlier slide on Wednesday

Euro fell for a third straight day against the dollar

Copper up as euro trims losses

Crude oil move up above 102$

Nickel moves more than 2%
 
21-11-11


MARKET WRAP FOR COMMODITY
  • • Gold down on weekly basis slide below 1730$
  • • Spot silver fell 7 percent last week
  • • Copper falls, euro crisis knocks risk appetite
  • • Crude oil slide below 98 $
  • • Lead and zinc move up more than 3%

Oil fell on Friday as a bout of profit-taking following big moves in spreads this week overtook early euro zone optimism. Copper posted its third consecutive weekly loss on Friday, reflecting an uneasy tone in global equities and mounting fears that the debt crisis in Europe could spread and crimp demand for industrial metals. U.S. crude oil demand in October rose as the economy showed some signs of growth, but gasoline consumption remained weak, the American Petroleum Institute said on Friday.
 
22-11-11

:)

MARKET WRAP FOR COMMODITY


  • Gold dropped more than 2 percent on Monday
  • Silver slides, China silver imports slump in October
  • Copper hit its lowest in nearly a month on Monday
  • Copper Stocks fell by 2,275 tonnes
  • Oil falls on global growth fears


Gold fell as much as 1.5 percent on Monday, swept lower by a rising dollar and falls in other financial markets as worries deepened about government debt in Europe and the United States. Brent crude oil fell below $107 per barrel on Monday on worries over the prospects for global economic growth as debt crises dominated headlines on both sides of the Atlantic. Copper hit its lowest in nearly a month on Monday as investors, already worried over Europe's debt, digested news that U.S. plans to combat debt are in disarray and took in warnings from China about gloomy global growth prospects
 
MARKET WRAP FOR COMMODITY : 24-11-11
  • Gold fell on Wednesday driven by worries about the euro
    [*] The dollar rallied to its highest
    [*] Silver slide almost 4% on Wednesday
    [*] Copper slide almost 3%
    [*] Nickel hit new low on Wednesday
    [*] Crude oil inventory slide by -6.2M
Oil fell on Wednesday, dented by weak economic data from across the world, and as euro zone debt worries were underscored by one of the worst German bond sales since the launch of the euro. Gold fell on Wednesday driven by worries about the euro zone debt crisis, which weakened the single European currency against the dollar, mitigating the impact of safe-haven bullion buying. The euro zone woes and prospect of a hard landing in China, the world's second largest economy, weighed on gold as well. Silver fell 3.7 percent to $31.46 an ounce, alongside both gold and the base metals, which came under pressure after the Chinese manufacturing data
 
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