Commodity Prices | Forex Trading


Steel Demand Won’t Recover Before Second Half, Fitch Predicts

Bloomberg, 12:36:30.828 GMT 05-Jan-2009
By Mark Herlihy
Jan. 5 (Bloomberg) — Steel demand won’t recover before the second half and annual contract prices for iron ore will decline 20 to 40 percent, Fitch Ratings said.
Prices for steel and the raw materials used to make it may improve before then, Monica M. Bonar and Sean T. Sexton, analysts [...]

Commodity Prices - January 5, 2009

Gold N.Y. Spot $ 846.20
Silver N.Y. Spot $ 10.86
Lead LME Cash $ 0.4894
Copper LME Cash $ 1.4066
Zinc LME Cash $ 0.5604
Nickel LME Spot $ 5.62
Aluminum LME Spot $ 0.6872
Platinum N.Y. Spot [...]

Commodities: Great, Then Ugly (Year-End Review Of Markets & Finance 2008)

The Wall Street Journal 02-Jan-2009
By Carolyn Cui
The wild gyrations in commodities last year were a brutal reminder of how volatile and dicey this market can be, especially when the economy turns sour.
It was a classic boom-to-bust cycle. Prices that seemed to defy gravity in the first half had trouble finding a floor later in the [...]

Commodity prices to bottom in 2009: banks

The Northern Miner 30-Dec-2008
By Ron Mandel
While TD Bank sees the commodities market starting to rebound in the second half of 2009, followed by more pronounced price increases in 2010, the World Bank believes that, over the long term, commodity prices will remain substantially below recent bull market highs.
“The commodity market boom has come to [...]

2009 price for steelmaking material seen plummeting

Purchasing/Steel Flash Report, p. 5 30-Dec-2008
Reduced global steelmaking in 2009 will cut demand, push supply into surplus and halve the price of coking coal, forecast analysts Alan Heap and Alex Tonka at Citigroup Global Markets. They forecast that global steel production will fall 4.2% next year-to an estimated 1.403 billion metric tons-as mills continue to [...]

Commodity Prices - December 29, 2008

Gold N.Y. Spot $ 879.90
Silver N.Y. Spot $ 10.94
Lead LME Cash $ 0.4082
Copper LME Cash $ 1.2891
Zinc LME Cash $ 0.5015
Nickel LME Spot $ 4.42
Aluminum LME Spot $ 0.6620
Platinum N.Y. Spot [...]

Commodity Prices -December 22, 2008

Gold N.Y. Spot $ 845.70
Silver N.Y. Spot $ 10.86
Lead LME Cash $ 0.3969
Copper LME Cash $ 1.3197
Zinc LME Cash $ 0.5126
Nickel LME Spot $ 4.52
Aluminum LME Spot $ 0.6695
Platinum N.Y. Spot [...]

Commodity Price - December 19, 2008

Gold N.Y. Spot $ 853.00
Silver N.Y. Spot $ 11.10
Lead LME Cash $ 0.4286
Copper LME Cash $ 1.3086
Zinc LME Cash $ 0.4835
Nickel LME Spot $ 4.29
Aluminum LME Spot $ 0.6486
Platinum N.Y. Spot [...]

Commodity Prices - December 17, 2008

Gold N.Y. Spot $ 869.40
Silver N.Y. Spot $ 11.42
Lead LME Cash $ 0.4384
Copper LME Cash $ 1.3594
Zinc LME Cash $ 0.4740
Nickel LME Spot $ 4.40
Aluminum LME Spot $ 0.6489
Platinum N.Y. Spot [...]

Commodity Prices - December 15, 2008

Gold N.Y. Spot $ 836.55
Silver N.Y. Spot $ 10.52
Lead LME Cash $ 0.4604
Copper LME Cash $ 1.3948
Zinc LME Cash $ 0.4822
Nickel LME Spot $ 4.58
Aluminum LME Spot $ 0.6536
Platinum N.Y. Spot [...]