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.

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 

Commodity OIL News 02 - NOV - 2011

More On Oil & Oilseeds News

• Sustainable palm oil market uptakes at 70% in Sept: RSPO 
• Three reasons why soybeans are trading high on NCDEX
• Palm oil tariffs: If Indonesia can, why can't India?
• CBOT soybean rally on Chinese imports, supply scarcity
• Pork industry now swings wildly in China: Rabobank
• Malaysia crude palm oil futures gain on India festive demand, US market cues
• Bio-diesel demand promoting UK rapeseed farming
• Commodity bull rally is back!
• China's ZCE to introduce methanol Futures soon
• CPO prices may go down as Indonesia plans to expand exports of RPO
• Jim Rogers on the great advantage & disaster of commodity investing
• India edible oil prices may weaken on extension of export ban

US Agriculture to get boost from Asian markets

In 2011, China moved ahead of Mexico and Canada as the United States' number one market for U.S. agricultural goods. Vietnam is one of the world's fastest growing economies and an important market for U.S. agricultural products, now valued at $1.3 billion. In the past decade, Vietnam jumped from the fiftieth (50) to fifteenth (15) position as a market for U.S. farm exports.

Kudzu bug threatens US soybean crops

US soybean crops finds new threat from Kudzu bug-- the bug which was considered the remedy for the threat from kudzu plant--turns out to be cancer for the legume.

Mustard seed, chana climbs on spot prices, festive demand

NCDEX mustard seed is climbing as spot prices rule high and festive demand continues. Mustard seed October contract has climbed 2.4% to touch Rs.2894 on the NCDEX during the evening session.

Silver news 02 - NOV - 2011

SILVER NEWS FOR SILVER TRADER 

·         Silver is a very ductile and malleable metal used for thousands of years for ornaments and utensils, for trade, and as the basis for many monetary systems. Its value as a precious metal was long considered second only to gold. In Ancient Egypt and Medieval Europe, it was often more valuable than gold.

·         

·         Silver mining was a driving force in the settlement of western North America, with major booms for silver and associated minerals (primarily lead) in the galena ore silver is most commonly found in.  source:- www.commodityonline.com

Commodity News on 02 - NOV - 2011

 Copper, other base metals to trade lower on weak China manufacturing data

·         COMEX Copper declines on strong dollar

·         'Chinese aluminium imports advance 40% y/y in September'

·         Iron ore prices will fall further: China Steel Association

·         US Zinc to raise zinc oxide and dust prices by 5-7%

·         German steel industry loses momentum, blast furnace closures likely

·         Will commodity relief rally sustain?

·         Collahuasi copper mine strike ends, Chile production falls 1.9%

·         Mixed trend in LME prices; Lead advances 1.7%

·         COMEX Copper posts biggest weekly rally in over 30 years

·         Metals-Energy Update: Copper, silver gain over 7% as commodities rally

Base metals to be impacted by both bullish and bearish factors

Zinc market to be in deficit in 2012

Zinc prices have been weak due to a surplus in zinc markets. However, this might be about to change as one analyst claims that the zinc markets may be in deficit in 2012

Metals, energy weaken on China data, MF Global collapse

On Tuesday Brent Crude prices have fallen 1.5% to $107.89 a barrel while WTI crude prices have falen 1.79% to $91.52 per barrel. US copper futures have fallen 2.12% to $3.55/lb. .

LME prices in red; zinc the only base metal in green

The Base metals and Steel billets futures declined on the London Metal Exchange on Friday. Aluminium Alloy, aluminium, copper, nickel, lead, tin and steel closed in negative while zinc remained the only base metal to gain at 1918 a metric ton. source:- www.commodityonline.com

Commodity News on 28-Oct-2011

• MCX cardamom tumbles 2.68% on arrival pressure
• Cardamom futures traded down on Friday due to rising arrivals from the fresh crop amid
• NCDEX chana drops 1.09% on profit taking
• India soybean weakens on ample supply
• NCDEX November jeera jumps 1.53%
• NCDEX wheat plunges 1.73% on production concerns
• NCDEX jeera edges higher on bargain buying
• Gold set to crash to $1000/oz in 3 years on potential surplus
• MCX gold trades lower on positive US Q3 GDP
• Bullish factors remain dominant for gold: Martin Murenbeeld
• ‘Gold prices to shoot up from $1723.8 to $1,900/oz in 2012
• Exxon Mobil Q3 profit surges 40% to $10.33 billion on higher oil prices
• Is US biofuel production going to double in a decade?
• WTI crude oil to hit $105: BofAML
• U.S. could provide 71% of world's Biofuels by 2021

India GDP growth to beat China by 2013: Ernst&Young

With the Indian GDP slowing down and inflation rising, some may not believe the India Story, but by 2013, India could actually overtake China in terms of GDP growth. A report by Ernst& Young forecasts Indian GDP to be at 9.5% in 2013 and 9% in 2014 while China slows down to 9% and 8.6% respectively.

'Gold miners Q3 results to attract investors'

The end of 2011 is a golden opportunity to participate in an anticipated upside for mining equities, says Tocqueville Asset Management Senior Managing Director John Hathaway. In this exclusive interview, Hathaway predicted that once investors realize higher gold prices will stick, they will take a chance on the big upside waiting in the junior and senior space.

Gold set to crash to $1000/oz in 3 years on potential surplus

Gold may be headed downward to $1000 an ounce within three years as a potential surplus in the commodity will see lower prices as investor demand saps off, according to Christoph Eibl, founding partner of Tiberius Asset Management said in an interview to Reuters