review the oil market for 04.09.09
Dynamics
Quotes of the oil market on Friday, September 4 slightly increased in value against the backdrop of continuing concerns about weak demand for oil in the U.S. and high stocks, and also because of wide-band trades in the U.S. dollar in the foreign exchange market, FOREX.
At the New York Stock Exchange NYMEH the October futures price of U.S. light crude rose by 0.06 and its price, therefore, amounted to 68.02 dollar per barrel.
The exchange ICE in London, Brent oil price fell 0.30 to 66.82 dollars per barrel.
Causes
On Friday, September 4 quotes in the market of black gold continued the general gradual decline, but the resulting closed with a slight increase. At the end of the week in the price of oil has lost 6,5% against the backdrop of continuing fears of high stocks and low demand for oil caused by the weak economy. Wide-band trades in the U.S. dollar in the foreign exchange market, FOREX, as well asa modest increase in U.S. stock quotes in the stock markets maintained a slight increase in oil prices.
From news worth noting that the new name of the Lithuanian oil refinery Mazeikiu nafta - Orlen Lietuva was registered in the Register of Legal Entities. Change of name - is consistent and logical step, the appropriate policy group. In December 2006, PKN Orlen acquired nearly 90% stake in Mazeikiu nafta, and in April 2009 became the sole shareholder of this company. Changing the name - it is not only a change of signboards. The new name brings over the past years, the company changes: restructured, equipped with the new technical equipment has changed the quality of products - all of this clearly indicates that the company has reached an internal maturity. With the name change and logo. Now in the logo only in the Baltic countries, the refinery will show off a stylized eagle and a red sign ORLEN, and next to the word Lietuva, written in silver letters. Trademark Orlen Lietuva already known in Lithuania, so called gas station, owned by a Polish company. The company notes that changing only the name, the company will not be reorganized. ID of a legal entity, tax identification number and legal address of the company remain the same. The company will continue its activities, retaining all the rights and obligations.
What to expect?
oil market participants are trying to avoid opening new positions in anticipation of the holiday Labor in the United States and the meeting of the Organization of Petroleum Exporting Countries, which will be held on Wednesday in Vienna. Taking into consideration that oil prices hold near $ 68 a barrel, but stocks are still well above normal levels, it is expected that the OECD will maintain its oil production quotas unchanged.
Why worry?
Some analysts believe that oil prices will remain under pressure due to weak economy and the expected further decline of stock price. It is also expected that due to high stocks of oil refineries will reduce the processing that will reduce demand for oil and keep the pressure on prices.
Overview of precious metals market for 04.09.09
Dynamics
On Friday, September 4 at the tender quotes for gold and silver showed a slight but sure upward trend due to weaker U.S. dollar on the currency market FOREX, but also against the backdrop of moderate growth stocks in the stock markets.
As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes on gold decreased by 1.00 to 996.70 dollar an ounce, the price of silver fell 2 cents to 16.28 dollars per ounce.
Causes
On Friday, September 4 quotes for precious metals market showed a slight increase after some profit-taking by market participants. In anticipation of the long weekend on the occasion of Labor Day in the United States, many market participants were in a confused and did not want to open new long positions, but the weakening of the dollar in the FOREX market and moderate growth stocks in the stock markets have brought some optimism to the market of precious metals, supporting the view most quotes.
From the news it may be noted that the Canadian Rusoro Mining Ltd has increased during the 2 nd quarter of 2009, gold production in 1,9 times, to 48.523 million ounces compared with the same period in 2008 when this gold mining in 2 nd quarter increased compared to the 1 st quarter of 2009 to 22,8%. Sales of gold during the 2 nd quarter of 2009 amounted to 18.484 million ounces, and decreased by 49% over the same period in 2008 and by 55% compared to the 1 st quarter of 2009, cost in the 2 nd quarter of 2009 . amounted to 322 dollars per ounce against 652 dollars perounce during the 2 nd quarter of 2008 on the Choco-10 deposit, Chile, during the 2 nd quarter was produced 40.739 million ounces of gold at a cost of 313 dollars /ounce. In 2009, the deposit is expected to produce 135 thousand ounces of gold. In the field Isidora, Venezuela, production in the 2 nd quarter amounted to 7.784 million ounces at a cost of 369 dollars /ounce. In 2009, the company plans to make the deposit of 70 thousand ounces of gold. Rusoro owns projects Chocó-10 (Rusoro owns 95%), Isidore (Rusoro share of 50%) and other gold deposits in Venezuela. About 20% of the company belongs to the family of origin Russia Agapovs, 35% - Gold Fields, the rest - institutional and private investors.
What to expect?
positive factor for the precious metals market is that market participants are buying gold metal as an asset - shelter, trying to protect their investments against the backdrop of economic uncertainty, as well as insuring against sharp currency fluctuations on the currency market FOREX. Spoke in favor of growth and investment interest, as indicated by the dynamics of the reserves of mutual funds based on gold. Thus, reserves SPDR Gold Trust rose immediately to 14,65 tons.
Why worry?
negative factor in the market of precious metals in favor technical picture, namely the fact that many of the indicators included in the overbought zone and quotes are at their peak, thus forcing the market participants to record profits.
non-ferrous metals market review for 04.09.09
Dynamics
On Friday, September 4 non-ferrous metals ended the day with mixed results, losing part of the price advances due to wide-band trades in the FOREX market and in the oil sector.
At the London Metal Exchange LME aluminum price closed at 1,815 dollars per tonne.
Copper at the close of the exchange was worth 6275 dollars per ton.
Nickel bidding up the price of 17950 dollars per tonne.
Causes
On Friday, Sept. 4 prices for nonferrous metals showed opposite tendencies. Trading session was marked by growth, but later on some metals having losses. Inventories of copper in London and Shanghai in the previous week rose to its highest level. Uncertainties in the market of nonferrous metals have brought wide-band trades in the foreign exchange market, FOREX, and modest declines in the oil sector.
From the news it is worth noting that the workers and the leadership of the Chilean public Spence copper mine owned by BHP Billiton plc., will begin Sept. 7, 2009 of negotiating new labor contracts, as well as current due to expire on September 30. Mine workers' union demanded that the management of 5,5% the first increase in wages and social benefits and linking bonuses to world prices for copper, that BHPB has put forward counter-proposals, based on local labor laws. Management does not foreclose the prospect of a strike at the mine. At the Spence mine annually produces about 165 tons of copper cathodes.
What to expect?
Currently, the price fluctuations for non-ferrous metals exhibit the dependence on general economic trends. World demand for raw materials begins to recover, although it remains modest. Investor demand for base metals as an alternative to the volatile U.S. dollar and the stock market, analysts said, could offset the still low demand from industry.
Why worry?
Negative market of non-ferrous metals can bring economic makrostatistika that goes on this week and will be decisive for the risk appetite in the coming months.
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Analyst Ratings
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Naftogaz: Russia is ready to seek solutions to the parity issue of gas consumption by Ukraine
Supreme Arbitrage denies calculation of Naftogaz for the obligations due to emission of hryvnia
Forex - Asia
Prices for many stocks go to the edge, and it may fairly strong movement in both directions
The technical analysis of shares in Sberbank
Recommendations on the shares of Gazprom, Gazprom Neft, MMC Norilsk Nickel and RusHydro
Plant Tatneft production of glass in the SEZ Alabuga earn in November 2009
In August 2009, Russia's international reserves rose by $ 7.621 billion to $ 409.6 billion
In the Labor Day holiday should
Negative on the market of non-ferrous metals can bring economic makrostatistika that goes on this week
review the oil market for 04.09.09
Dynamics
Quotes of the oil market on Friday, September 4 slightly increased in value against the backdrop of continuing concerns about weak demand for oil in the U.S. and high stocks, and also because of wide-band trades in the U.S. dollar in the foreign exchange market, FOREX.
At the New York Stock Exchange NYMEH the October futures price of U.S. light crude rose by 0.06 and its price, therefore, amounted to 68.02 dollar per barrel.
The exchange ICE in London, Brent oil price fell 0.30 to 66.82 dollars per barrel.
Causes
On Friday, September 4 quotes in the market of black gold continued the general gradual decline, but the resulting closed with a slight increase. At the end of the week in the price of oil has lost 6,5% against the backdrop of continuing fears of high stocks and low demand for oil caused by the weak economy. Wide-band trades in the U.S. dollar in the foreign exchange market, FOREX, as well asa modest increase in U.S. stock quotes in the stock markets maintained a slight increase in oil prices.
From news worth noting that the new name of the Lithuanian oil refinery Mazeikiu nafta - Orlen Lietuva was registered in the Register of Legal Entities. Change of name - is consistent and logical step, the appropriate policy group. In December 2006, PKN Orlen acquired nearly 90% stake in Mazeikiu nafta, and in April 2009 became the sole shareholder of this company. Changing the name - it is not only a change of signboards. The new name brings over the past years, the company changes: restructured, equipped with the new technical equipment has changed the quality of products - all of this clearly indicates that the company has reached an internal maturity. With the name change and logo. Now in the logo only in the Baltic countries, the refinery will show off a stylized eagle and a red sign ORLEN, and next to the word Lietuva, written in silver letters. Trademark Orlen Lietuva already known in Lithuania, so called gas station, owned by a Polish company. The company notes that changing only the name, the company will not be reorganized. ID of a legal entity, tax identification number and legal address of the company remain the same. The company will continue its activities, retaining all the rights and obligations.
What to expect?
oil market participants are trying to avoid opening new positions in anticipation of the holiday Labor in the United States and the meeting of the Organization of Petroleum Exporting Countries, which will be held on Wednesday in Vienna. Taking into consideration that oil prices hold near $ 68 a barrel, but stocks are still well above normal levels, it is expected that the OECD will maintain its oil production quotas unchanged.
Why worry?
Some analysts believe that oil prices will remain under pressure due to weak economy and the expected further decline of stock price. It is also expected that due to high stocks of oil refineries will reduce the processing that will reduce demand for oil and keep the pressure on prices.
Overview of precious metals market for 04.09.09
Dynamics
On Friday, September 4 at the tender quotes for gold and silver showed a slight but sure upward trend due to weaker U.S. dollar on the currency market FOREX, but also against the backdrop of moderate growth stocks in the stock markets.
As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes on gold decreased by 1.00 to 996.70 dollar an ounce, the price of silver fell 2 cents to 16.28 dollars per ounce.
Causes
On Friday, September 4 quotes for precious metals market showed a slight increase after some profit-taking by market participants. In anticipation of the long weekend on the occasion of Labor Day in the United States, many market participants were in a confused and did not want to open new long positions, but the weakening of the dollar in the FOREX market and moderate growth stocks in the stock markets have brought some optimism to the market of precious metals, supporting the view most quotes.
From the news it may be noted that the Canadian Rusoro Mining Ltd has increased during the 2 nd quarter of 2009, gold production in 1,9 times, to 48.523 million ounces compared with the same period in 2008 when this gold mining in 2 nd quarter increased compared to the 1 st quarter of 2009 to 22,8%. Sales of gold during the 2 nd quarter of 2009 amounted to 18.484 million ounces, and decreased by 49% over the same period in 2008 and by 55% compared to the 1 st quarter of 2009, cost in the 2 nd quarter of 2009 . amounted to 322 dollars per ounce against 652 dollars perounce during the 2 nd quarter of 2008 on the Choco-10 deposit, Chile, during the 2 nd quarter was produced 40.739 million ounces of gold at a cost of 313 dollars /ounce. In 2009, the deposit is expected to produce 135 thousand ounces of gold. In the field Isidora, Venezuela, production in the 2 nd quarter amounted to 7.784 million ounces at a cost of 369 dollars /ounce. In 2009, the company plans to make the deposit of 70 thousand ounces of gold. Rusoro owns projects Chocó-10 (Rusoro owns 95%), Isidore (Rusoro share of 50%) and other gold deposits in Venezuela. About 20% of the company belongs to the family of origin Russia Agapovs, 35% - Gold Fields, the rest - institutional and private investors.
What to expect?
positive factor for the precious metals market is that market participants are buying gold metal as an asset - shelter, trying to protect their investments against the backdrop of economic uncertainty, as well as insuring against sharp currency fluctuations on the currency market FOREX. Spoke in favor of growth and investment interest, as indicated by the dynamics of the reserves of mutual funds based on gold. Thus, reserves SPDR Gold Trust rose immediately to 14,65 tons.
Why worry?
negative factor in the market of precious metals in favor technical picture, namely the fact that many of the indicators included in the overbought zone and quotes are at their peak, thus forcing the market participants to record profits.
non-ferrous metals market review for 04.09.09
Dynamics
On Friday, September 4 non-ferrous metals ended the day with mixed results, losing part of the price advances due to wide-band trades in the FOREX market and in the oil sector.
At the London Metal Exchange LME aluminum price closed at 1,815 dollars per tonne.
Copper at the close of the exchange was worth 6275 dollars per ton.
Nickel bidding up the price of 17950 dollars per tonne.
Causes
On Friday, Sept. 4 prices for nonferrous metals showed opposite tendencies. Trading session was marked by growth, but later on some metals having losses. Inventories of copper in London and Shanghai in the previous week rose to its highest level. Uncertainties in the market of nonferrous metals have brought wide-band trades in the foreign exchange market, FOREX, and modest declines in the oil sector.
From the news it is worth noting that the workers and the leadership of the Chilean public Spence copper mine owned by BHP Billiton plc., will begin Sept. 7, 2009 of negotiating new labor contracts, as well as current due to expire on September 30. Mine workers' union demanded that the management of 5,5% the first increase in wages and social benefits and linking bonuses to world prices for copper, that BHPB has put forward counter-proposals, based on local labor laws. Management does not foreclose the prospect of a strike at the mine. At the Spence mine annually produces about 165 tons of copper cathodes.
What to expect?
Currently, the price fluctuations for non-ferrous metals exhibit the dependence on general economic trends. World demand for raw materials begins to recover, although it remains modest. Investor demand for base metals as an alternative to the volatile U.S. dollar and the stock market, analysts said, could offset the still low demand from industry.
Why worry?
Negative market of non-ferrous metals can bring economic makrostatistika that goes on this week and will be decisive for the risk appetite in the coming months.
Your score will be the first!
Analyst Ratings
Naftogaz: Russia is ready to seek solutions to the parity issue of gas consumption by Ukraine
Supreme Arbitrage denies calculation of Naftogaz for the obligations due to emission of hryvnia
Forex - Asia
Prices for many stocks go to the edge, and it may fairly strong movement in both directions
The technical analysis of shares in Sberbank
Recommendations on the shares of Gazprom, Gazprom Neft, MMC Norilsk Nickel and RusHydro
Plant Tatneft production of glass in the SEZ Alabuga earn in November 2009
In August 2009, Russia's international reserves rose by $ 7.621 billion to $ 409.6 billion
In the Labor Day holiday should