Commodities Correspondent
Pratima's Feed
Mar 7, 2011

Warehousing firm C. Steinweg plans to stay independent

LONDON, March 7 (Reuters) – Rotterdam-based warehousing firm
C. Steinweg is planning to stay independent and is not
negotiating to sell itself or parts of its business, a source at
the company said on Monday.

News that Glencore, the world’s largest commodity trader,
wants to boost its presence in warehousing by combining its
recently acquired Pacorini unit with an outside partner has
increased speculation that the target would be Steinweg.
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Mar 7, 2011

Would Glencore IPO herald end of commodity boom?

LONDON (Reuters) – Investors have a good reason to question whether Glencore’s prospective share listing heralds the end of the commodity bull run.

The reputation of the world’s biggest commodities trader for having a sharp sense of timing and of where markets are heading, fed by a global web of on-the-ground intelligence, is making investors uneasy about future returns.

Mar 7, 2011

Analysis: Would Glencore IPO herald end of commodity boom?

LONDON (Reuters) – Investors have a good reason to question whether Glencore’s prospective share listing heralds the end of the commodity bull run.

The reputation of the world’s biggest commodities trader for having a sharp sense of timing and of where markets are heading, fed by a global web of on-the-ground intelligence, is making investors uneasy about future returns.

Feb 15, 2011

Camera material germanium dioxide hits 2-yr high

LONDON, Feb 15 (Reuters) – Spot prices of germanium dioxide
jumped to their highest levels in Europe in more than two years
this month as supplies of the material from China fell short of
demand, traders said.

Germanium dioxide GERM-DIOX-LON, used in speciality glass
for wide-angle camera lenses, has jumped to around $950 a kg,
the highest since early November 2008. Later that same month,
prices plummeted as consumers feared the financial crisis would
lead to a drop-off in demand and slashed their stocks.

Feb 15, 2011

Analysis – China the wild card for commodity prices

LONDON (Reuters) – A strengthening global economy and growth in demand are likely to keep commodity prices high in coming months, but there is a risk China could slam on the monetary brakes and trigger a reversal.

Low inventories make copper and corn favourite bets for investors this year as long as prices stay strong.

Feb 15, 2011

Spot ferrochrome in Europe hits highest since Nov 2008

LONDON, Feb 15 (Reuters) – Benchmark ferrochrome prices on
the European spot market have jumped to their highest in more
than two years on strong demand for the material valued for its
anti-corrosive properties.

High carbon ferrochrome FECRO-HC-RU is trading at around
$1.35 a lb this month from last month’s $1.20 a lb.

Feb 4, 2011

Buy or sell – Mileage for investors in tin?

LONDON (Reuters) – Tin prices have hit record highs on worries about short supplies from the top world exporter Indonesia, where rain has hampered production.

Prices of the metal — used for soldering and in electronic equipment — on the London Metal Exchange hit an all-time high of $30,920 a tonne on Thursday, a gain of about 15 percent so far this year after a surge of 58 percent last year.

Feb 2, 2011

Copper surges close to $10,000 as investors pile in

LONDON (Reuters) – Copper surged to record highs on Wednesday to within a whisker of the key $10,000 level as investors scrambled to buy on worries of supply shortages and market deficits.

A key gauge of economic growth, copper has gained more than 60 percent since last June when markets tumbled, fearing sovereign default in euro zone countries such as Greece.

Jan 5, 2011

Copper could breach $12,000 by end-June

LONDON (Reuters) – Industrial metal copper could climb above $12,000 a tonne by the end of June as the market factors in a supply shortage, Peter Fertig, a consultant at Quantitative Commodity Research told Reuters.

Fertig forecast $7,525 a tonne for the average cash copper price for last year on the London Metal Exchange. Cash prices of the metal used in power and construction averaged $7,543 a tonne last year.

Dec 14, 2010

JPMorgan denies it holds 90 pct of LME copper stocks

LONDON (Reuters) – U.S. investment bank JPMorgan said it does not hold more than 90 percent of copper stock warrants in London Metal Exchange warehouses, but declined on Tuesday to comment on whether it had a smaller position.

A single holder, recently controlling 50-80 percent of copper stocks and cash contracts in London Metal Exchange warehouses, appears to have raised the position to above 90 percent, latest data from the world’s biggest metals market showed.