Market Overview oil 30.07.09
Dynamics
Quotations in the oil market on Thursday, July 30, nearly played last fall at a rally in stock markets and enabling data to reduce the number of repeated requests for unemployment benefits in the United States for the past week.
At the New York Stock Exchange NYMEH cost of the September futures for U.S. light crude oil rose to 3.57 dollars and its price, therefore, amounted to 66.92 dollar per barrel.
At the ISE Stock Exchange in London mark Brent oil price rose to 69.81 dollars per barrel.
Causes
On Thursday 30 July, trading in the market of black gold began quietly enough. Published makrostatistika put pressure on the U.S. currency, and to resume a positive trend in the stock sites, thereby bringing the oil market to grow. Block quarterly reports, as well as an increase in the metals market has supported a rising momentum on oil.
news worth noting that the Norwegian company DNO International examines the work of the first month in the Iraqi oil field Tauke, put into service June 1st, 2009 the June average production is estimated at 22,840 barrels per day, 17,914 of which is exported . In accordance with the regional government of Kurdistan, production and exports will increase: in July, gross production will reach 40,000 barrels per day, of which exports expected to send about 32,000 barrels. Until June, the field trial was conducted in the production volumes of 1908 barrels /day in 1 st quarter and 5965 barrels per day in the 2 nd quarter. The sharp increase in production occurred after the authorization of the central government of Iraq, the transportation of oil deposits on the Iraqi national pipeline.
What to expect?
The rapid recovery in oil prices has prompted analysts to re-optimistic projections for the end of the year. In their view, mark Light Sweet crude oil will reach the value of 85 dollars per barrel by year's end, as negative factors that contributed to collapse, would be temporary.
What is fear?
rapid stabilization of quotations in the market of black gold will lead us to a long-standing issues of balancing supply and demand, which in recent times does not make up for the better. Also to add fuel to the fire declaration Trade Commission United States commodity futures, which officially recognized that oil prices in the last year and swing speculative capital.
Review precious metals market for 30.07.09
Dynamics
On Thursday 30 July, at the tender quotes for precious metals turned and showed a moderate increase in price due to weakening of the dollar position of the basket of world currencies and rising oil prices.
As a result of trades on the COMEX, division New York commodity exchange (NYMEX), quotes on gold rose by 7.7 to 934.90 dollars per troy ounce, the price of silver rose to 13.25 dollars per ounce.
Causes
On Thursday 30 July at the auction market for precious metals has ceased to decline and, with support from the oil sector, resumed its positive movement. Investment attractiveness of gold as a zone of anti-inflationary investment also increased due to the loss of the positions of American currency on the FOREX market after data that showed that the total number of repeat applications for unemployment benefits in the United States declined for the past week to 6.197 million (6.300 million forecast) with 6.225 million a week earlier.
From the news it may be noted that the JSC Polymetal has announced production results for the quarter and six months ended June 30, 2009 gold production fell by 11% compared with the second quarter of 2008 due to lower content fields Dukat and Hakandzhinskom. In the third quarter, the company expects a significant improvement due to higher concentrations of oxidized ore at Vorontsov field and growth of the factory at Dukat. The production of silver rose by 2% compared with the second quarter of 2008 due to higher concentrations in the lunar and Hakandzhinskom fields. In the second half of the year is expected to further increase production through the end of the project to expand the production capacity of factories Dukat. The company reaffirmed its plans for 2009 to 280-300 thousand ounces (8,7-9,3 tons) of gold and 17-18 million ounces of silver (528-560 tons).
What to expect?
the positive mood on trading floors on Friday may be supported by yield positive makrostatistiki, as well as the liquidation of short positions in anticipation of the weekend and following the end of the month.
What is fear?
But do not relax, because the situation may change radically. The reason for this may be the mood of investors in the foreign exchange market, but it is their attitude to risk, as well as the situation in equity markets associated with the corporate records.
non-ferrous metals market review for 30.07.09
Dynamics
On Thursday 30 July, at the tender quotes for non-ferrous metals has added to the price of a devaluation of American currency, the positive dynamics of the stock sites, as well as growth in contiguous markets.
At the London Metal Exchange LME aluminum closed at a price of 1818 dollars per ton.
Copper at the close of the Exchange cost 5496 dollars per ton.
Nickel in the tender price was 16,845 dollars per tonne.
Causes
On Thursday 30 July, quotes on non-ferrous metal regained its losses, but with the results of trading session added to the price mainly because of the news related to China. Thus, on 30 July, the representative of the People's Bank of China said that the tightening of policy will be soft, but the main objective of the bank is to maintain sustained and rapid growth of national economy. In addition, the data raised some confidence from Japan. According to statistics, in June, industrial production in the country increased by 2,4% compared to May, and for the II quarter increased by 8.3%. Growth in the oil market, as well as the stock pads support the positive initiatives metals market.
news worth noting message Metal Bulletin, the Chilean copper producer Compania Minera Zaldivar, of plans to invest 38 million dollars in expansion and modernization. According to the project to obtain a license Zaldivar increase the rate of ore extraction medesoderzhaschey to 260 tons per day from the current 220 tons per day. Construction work on the project will start in the I quarter of 2010 and will take about eight months: the production lines will be modified and additional logistics complexes in the Chilean region of Antofagasta. In 2008, Zaldivar has made 133,5 thousand tons of fine copper ore. In January-May this year, the development of fine-grained ore company reached 57,6 thousand tons, a 6.1% increase compared to 54.3 thousand tons of ore produced during the same period of 2008
What to expect?
According to analysts the value of non-ferrous metals will increase the demand on expectations of recovery in the 2 nd half due to growth promproizvodstva in the world. Copper, went to the beginning of the year to 83% on the London Metal Exchange, is the most attractive metal because of the long-term conservation of the supply shortage of copper in the coming years.
What is fear?
Many metals have not been able to overcome a technically strong level, which suggests a possible consolidation, gently rolling on down trend. Restoring the positions of the dollar in the foreign exchange market will cause investors to record profits and even greater pressure on the prices of all commodities.
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Analyst Ratings
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Course of purchase dollar fell - the morning review of cash markets
Yushchenko is convinced perniciousness IMF does not support reform in Ukraine
Buffett earned $ 1 billion in Chinese hybrids
Government vputalos online
Stoxx 600, on Thursday reached a maximum of 8 months for good reporting companies
SP 500 on Thursday reached a peak in November futures on Friday as growing
The most notable influx of funds to remain in the foundations of Russia, during the week, investors have invested nearly $ 107 million
In the near future, the Russian currency on the international FX is able to demonstrate an increase of quotations
Publication of preliminary GDP data for the United States for 2 months will determine the closing of the week and beyond the world's sites
The positive mood on trading floors on Friday may be supported by yield positive makrostatistiki
Market Overview oil 30.07.09
Dynamics
Quotations in the oil market on Thursday, July 30, nearly played last fall at a rally in stock markets and enabling data to reduce the number of repeated requests for unemployment benefits in the United States for the past week.
At the New York Stock Exchange NYMEH cost of the September futures for U.S. light crude oil rose to 3.57 dollars and its price, therefore, amounted to 66.92 dollar per barrel.
At the ISE Stock Exchange in London mark Brent oil price rose to 69.81 dollars per barrel.
Causes
On Thursday 30 July, trading in the market of black gold began quietly enough. Published makrostatistika put pressure on the U.S. currency, and to resume a positive trend in the stock sites, thereby bringing the oil market to grow. Block quarterly reports, as well as an increase in the metals market has supported a rising momentum on oil.
news worth noting that the Norwegian company DNO International examines the work of the first month in the Iraqi oil field Tauke, put into service June 1st, 2009 the June average production is estimated at 22,840 barrels per day, 17,914 of which is exported . In accordance with the regional government of Kurdistan, production and exports will increase: in July, gross production will reach 40,000 barrels per day, of which exports expected to send about 32,000 barrels. Until June, the field trial was conducted in the production volumes of 1908 barrels /day in 1 st quarter and 5965 barrels per day in the 2 nd quarter. The sharp increase in production occurred after the authorization of the central government of Iraq, the transportation of oil deposits on the Iraqi national pipeline.
What to expect?
The rapid recovery in oil prices has prompted analysts to re-optimistic projections for the end of the year. In their view, mark Light Sweet crude oil will reach the value of 85 dollars per barrel by year's end, as negative factors that contributed to collapse, would be temporary.
What is fear?
rapid stabilization of quotations in the market of black gold will lead us to a long-standing issues of balancing supply and demand, which in recent times does not make up for the better. Also to add fuel to the fire declaration Trade Commission United States commodity futures, which officially recognized that oil prices in the last year and swing speculative capital.
Review precious metals market for 30.07.09
Dynamics
On Thursday 30 July, at the tender quotes for precious metals turned and showed a moderate increase in price due to weakening of the dollar position of the basket of world currencies and rising oil prices.
As a result of trades on the COMEX, division New York commodity exchange (NYMEX), quotes on gold rose by 7.7 to 934.90 dollars per troy ounce, the price of silver rose to 13.25 dollars per ounce.
Causes
On Thursday 30 July at the auction market for precious metals has ceased to decline and, with support from the oil sector, resumed its positive movement. Investment attractiveness of gold as a zone of anti-inflationary investment also increased due to the loss of the positions of American currency on the FOREX market after data that showed that the total number of repeat applications for unemployment benefits in the United States declined for the past week to 6.197 million (6.300 million forecast) with 6.225 million a week earlier.
From the news it may be noted that the JSC Polymetal has announced production results for the quarter and six months ended June 30, 2009 gold production fell by 11% compared with the second quarter of 2008 due to lower content fields Dukat and Hakandzhinskom. In the third quarter, the company expects a significant improvement due to higher concentrations of oxidized ore at Vorontsov field and growth of the factory at Dukat. The production of silver rose by 2% compared with the second quarter of 2008 due to higher concentrations in the lunar and Hakandzhinskom fields. In the second half of the year is expected to further increase production through the end of the project to expand the production capacity of factories Dukat. The company reaffirmed its plans for 2009 to 280-300 thousand ounces (8,7-9,3 tons) of gold and 17-18 million ounces of silver (528-560 tons).
What to expect?
the positive mood on trading floors on Friday may be supported by yield positive makrostatistiki, as well as the liquidation of short positions in anticipation of the weekend and following the end of the month.
What is fear?
But do not relax, because the situation may change radically. The reason for this may be the mood of investors in the foreign exchange market, but it is their attitude to risk, as well as the situation in equity markets associated with the corporate records.
non-ferrous metals market review for 30.07.09
Dynamics
On Thursday 30 July, at the tender quotes for non-ferrous metals has added to the price of a devaluation of American currency, the positive dynamics of the stock sites, as well as growth in contiguous markets.
At the London Metal Exchange LME aluminum closed at a price of 1818 dollars per ton.
Copper at the close of the Exchange cost 5496 dollars per ton.
Nickel in the tender price was 16,845 dollars per tonne.
Causes
On Thursday 30 July, quotes on non-ferrous metal regained its losses, but with the results of trading session added to the price mainly because of the news related to China. Thus, on 30 July, the representative of the People's Bank of China said that the tightening of policy will be soft, but the main objective of the bank is to maintain sustained and rapid growth of national economy. In addition, the data raised some confidence from Japan. According to statistics, in June, industrial production in the country increased by 2,4% compared to May, and for the II quarter increased by 8.3%. Growth in the oil market, as well as the stock pads support the positive initiatives metals market.
news worth noting message Metal Bulletin, the Chilean copper producer Compania Minera Zaldivar, of plans to invest 38 million dollars in expansion and modernization. According to the project to obtain a license Zaldivar increase the rate of ore extraction medesoderzhaschey to 260 tons per day from the current 220 tons per day. Construction work on the project will start in the I quarter of 2010 and will take about eight months: the production lines will be modified and additional logistics complexes in the Chilean region of Antofagasta. In 2008, Zaldivar has made 133,5 thousand tons of fine copper ore. In January-May this year, the development of fine-grained ore company reached 57,6 thousand tons, a 6.1% increase compared to 54.3 thousand tons of ore produced during the same period of 2008
What to expect?
According to analysts the value of non-ferrous metals will increase the demand on expectations of recovery in the 2 nd half due to growth promproizvodstva in the world. Copper, went to the beginning of the year to 83% on the London Metal Exchange, is the most attractive metal because of the long-term conservation of the supply shortage of copper in the coming years.
What is fear?
Many metals have not been able to overcome a technically strong level, which suggests a possible consolidation, gently rolling on down trend. Restoring the positions of the dollar in the foreign exchange market will cause investors to record profits and even greater pressure on the prices of all commodities.
Your grade will be the first!
Analyst Ratings
Course of purchase dollar fell - the morning review of cash markets
Yushchenko is convinced perniciousness IMF does not support reform in Ukraine
Buffett earned $ 1 billion in Chinese hybrids
Government vputalos online
Stoxx 600, on Thursday reached a maximum of 8 months for good reporting companies
SP 500 on Thursday reached a peak in November futures on Friday as growing
The most notable influx of funds to remain in the foundations of Russia, during the week, investors have invested nearly $ 107 million
In the near future, the Russian currency on the international FX is able to demonstrate an increase of quotations
Publication of preliminary GDP data for the United States for 2 months will determine the closing of the week and beyond the world's sites