Daily FNArena News - Commodities

With no settlement yet on outstanding term contract tenders and little demand evident in the spot market, sellers bottled last week to send the uranium price tumbling.

Iron ore price rally; large bounce in sugar prices; bear case for thermal coal; zinc outlook brightens; and is Indonesia’s ore export ban set to reverse?

There were no transactions reported at all in the spot uranium market last week. Various countries have reassessed their nuclear power plans.

Sellers still expect uranium buying interest to emerge but buyers see a well-supplied market. Last week saw increased activity but a lower spot price.

Outlook for commodities; rally in gold; and expectations for the upcoming reports from miners and energy companies.

The mid-term contract price of uranium has ticked up even as the spot price continues to sag.

Metals likely the first to turn up; copper outlook; alumina outlook; seasonal rally in oil; and has peak steel passed?

Longer term global uranium demand might look healthy but near term activity remains muted.

Uranium prices might be subdued but in the commodity market in general at present, this is a big win.

Oil price fixation; commodity outlook may get worse; ranking metal demand; and some benefits flowing for steel producers.