Silver investor interest ticks higher but not enough to drive prices higher yet- 08-Aug.-2012

Silver investor interest is picking up but is not enough to drive prices higher just yet, said a commodities research note.

mine supply continues to grow on a year-on-year basis while industrial demand is down year-on-year. However, speculative net length by non-commercial futures traders has picked up to the highest level in nearly three months, although it remains below a year ago.

Meanwhile, including closed-end products, inflows into physically backed silver exchange-traded products have reached nearly 730 metric tons for the year to date.“Metal held in trust across all ETPs has climbed to its highest since early May last year.

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China commodity imports in May beat expectations - 11/06/2012

China's imports of key commodities in May confounded expectations of a fall, with crude oil shipments at a record high and both copper and iron ore imports unexpectedly rising more than 10% from a month ago, data showed on Sunday.

Still, analysts cautioned against drawing excessively optimistic conclusions, as actual demand from users remained weak and the bulk of oil and copper shipments in May was likely to have been moved into storage.

Other data also implied that China's economy is struggling domestically, as prices, output and sales at home flagged while trade stayed buoyant.

China, world's second biggest energy consumer, imported a record 25.48 million tonne, or 6 million barrels per day of crude oil in May, up 18.2% from a year ago. However, implied oil demand inched up only 0.4% in May year-on-year, after April's first yearly decline in over three years.

"For both April and May we reported negative growth in our sales of diesel oil, as industrial fuel consumptions declined," said a fuel marketing official with state-run Sinopec, Asia's largest refiner.

A rebound in Iran crude oil loadings after Beijing and Tehran resolved contract disputes in late March, as well as increases in West African oil imports due to attractive pricing may have contributed to the surge in crude shipments, said a Beijing-based crude oil trader.

Imports of copper, of which China is the world's largest buyer, climbed to 419,741 tonne, 11.9% more than April and 65% above year-earlier level.

The rise surprised traders and analysts who had expected that weak demand, high stocks and strong spot prices on the London Metal Exchange would cut arrivals for a third month.

"I can only think of one reason: Players relocated some copper from the United States to Shanghai and the metal arrived in May," said Xiao Jing, an analyst at Beijing Capital Futures, referring to refined copper.

MCX News for 13-12-2011

Saudi pumps record 10mbpd crude oil in November, OPEC meeting looms

Updated 12:05:00 IST 13 Dec 2011

Saudi Arabia has pumped an amazing 10 million barrels of crude oil per day in November at a time when countries like Iran and Venezuela are calling for reduced output in order to keep oil prices above $100/barrel

India gold sales jump a massive 30% since September

Investment demand for Gold Bars has risen in India and this is despite jewelry sales appearing subdued given the high price of the precious metal and the separate making charges involved with each piece of jewelry. Investors who had purchased Gold Bars two months ago are dipping into their savings yet again and purchasing bars and coins, said traders.

Commodities may rally after Christmas, fundamentals not so bullish

For the coming week in non ferrous complex copper may remain buoyant as rising cancelled warrants and expectation of higher imports in December due to good arbitrage opportunity may lend support to red metal which may test levels of Rs.420/kg.

India turmeric to remain lower on higher stocks, weak exports

Turmeric futures expected to extend downtrend on Tuesday due to higher stocks from the fresh crop, weak export demand and on expectations of higher production in the next year.

source- commodityonline.com

Free Agri Commodity tips on your mobile 28-11-2011

Bullion News

'Think about silver before investing'

When I first discovered why I should buy silver and protect myself from the coming devaluation of our currencies, it still took me a few months to act because there is a lot of misinformation surrounding this precious metal.

'Gold stocks bounce back and outperform silver in 2012'

Gold stocks may have been under performing investor expectations for many months, but that could be changing very soon. Silver had that intermediate top early in the year with a parabolic blowoff move. Since then I've been focusing more on gold. In the near term and into next year it looks like gold is going to outperform silver. The larger gold stocks have been showing better performance than silver stocks and juniors, said Jordan Roy-Byrne in this exclusive interview.

India silver imports to be lower in 2011: Scotia Mocatta

Silver imports into India may be lower in 2011 as higher prices keep buyers at bay, an official of Scotia Mocatta said on Thursday. 2010 imports had stood at around 3030 tonnes.

Why a $1500/oz gold is on the cards

Traders are driving gold prices down in the knowledge that many positions are geared (leveraged) and exposed to margin calls. Other positions are protected by 'stop loss' instructions, so can be triggered by prices moving down through support levels.

Metals News

Commodities weaken on significant negative news flow

Lead has been the weakest metal since the start of the year compared to other metals as China has reduced the usage and production of lead-acid batteries due to environmental issues in the country. I expect prices to remain under pressure for the coming quarter.

'Supply surplus likely to keep tarnish on nickel'

Nickel is heading into a period of structural supply surplus and will also be affected by the vagaries of the global economy, said BNP Paribas in a briefing.

Mineral deposits under ocean not vast enough: Expert

The vast minerals deposits under the ocean is not expected to meet the world demand for metals, according to a study by Mark Hannington, the University of Ottawa’s Goldcorp Chair in Economic Geology.

Japan rolled copper output declines fourth straight month

Japan's October rolled copper output recorded the fourth straight Year-on-Year (YoY) decline, the Japan Copper and Brass Association reported. October output fell by 11.5% YoY to 64,318 tonnes. On a Month-on-Month basis, output is down 8% from September.

Oil & Oilseeds News

China's soybean imports dip on weak demand, high stock piles

On the back of higher stockpiles and weak demand for soybean, the imports of the commodity by China may dip for the first time since 2004.

Soybean farmers to have rust resistant seed variety soon

Soybean farmers may get new variety of genetically modified seeds in near term, which are rust resistant.

Argentina's soy bean production to gain 0.6% for 2011-12

Argentina, the third largest producer of soybean has estimated the production for 2011-12 to increase to around 49.5 million tons (mt) compared to 49.2 million tons in 2010-11, according to Rosario Grain Exchange.

India to import 9 mn tons of edible oil in 2011-12

Vegetable oil imports of India likely to rise by 9 million tons in 2011-12 to meet the growing domestic demand for the commodity, according to Solvent Extractors’ Association (SEA) source:-commodityonline.com 

MCX Tips- 04-Nov.-2011

Gold targets $2350 as Wave 5 begins, $1680 critical

It’s been several weeks since I’ve written about Gold and we have had a wild ride since the $1910-$1920 highs in August. At the time as we approached I forecasted a major correction was due and we were shorting the rise from $1862-$1910 prior to a huge $208 drop that took place over just a few days. We covered our short at $1725 and then Gold rallied back to a double top at $1920 and then fell back to $1531.

India festival season to see blossoming of silver demand

The October-December quarter is expected to bring 250-300 tonnes of silver demand from India alone, a 50% increase over 2010 levels. Gold, which is significantly more expensive in nominal terms, especially after fears of a European Debt Crisis contagion event, is expected to see a smaller 30-40% increase in demand.

'Gold price to pullback to $1,900/oz levels'

Michael Berry turns his high-powered analysis toward the European debt crisis and what it means for gold in this exclusive interview.

More On Bullion News

• MCX Gold and Silver outlook for November 3
• ‘Silver hits record levels of mine production since 2004’
• Marc Faber’s 'Rule of 25': Allocate 25% each for gold, equities
• MF Global collapse haunts Indian investors too
• Gold falls into bad times on both fundamentals and technicals
• MCX Gold and Silver fundamental outlook for November 2, 2011
• Silver to face the wrath of the 'Death Cross' ?
• Royal Canadian Mint launches gold exchange traded receipts
• Why copper, platinum and silver look appealing now
• 75 Gold and diamond ATM machines to be rolled out in India
• 'Gold poised for a move significantly higher'
• Royal Canadian Mint unveils silver coin to commemorate the Highway of Heroes