| Softs & Hards |
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Softs & Hards focuses on the oil market, the base metals copper and aluminium and wheat. Individual sections are updated when required ? please see below for the date of the most recent update. Our research includes comments on and illustrations of the supply and demand situation as well as recommendations for risk management clients. |
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Metals: Focus on risk aversion [16/11/11] |
| *Copper: We anticipate slightly increasing copper prices from the present levels at 12-month term.
*Aluminium: We anticipate slightly increasing aluminium prices from the present levels at 12-month term. |
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Softs & Hards - September 2011 [07/09/11] |
| *We still expect to see slightly rising oil price over the next year or so due to positive growth in the global economy.
*We revise down our estimates a bit but expect still to see rising copper prices ? particularly supported by demand from China.
*Demand from China and limited physical availability support our expectations of rising aluminium prices. |
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Softs & Hards - July 2011 [05/07/11] |
| *Growing concerns about global growth and hence oil demand contributed to pressure on the oil price. We lower our price expectations for the coming quarters.
*Throughout June, the copper price has stayed in the range of $8,900 - $9,200, yet with a slight downward trend. We maintain our price expectations of the coming quarters.
*The aluminium price has fallen in line with most other commodities. We still foresee a slightly increasing price potential over the coming quarters. |
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Softs & Hards - June 2011 [07/06/11] |
| *The WTI oil price fell steeply in early May from USD 113 and has over the rest of the period fluctuated at about USD 100.
*After having traded in the range of USD 9,200 ? USD 9,800 in April, the copper price fell in mid-May and has since then been at about USD 9,000.
*Like other commodity prices, the aluminium price fell in May. |
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Softs & Hards - May 2011 [04/05/11] |
| *Unrest in the Middle East and a depreciated dollar have contributed to increased oil prices in April.
*Increasing inventories and monetary-policy tightening measures in China continue to put downward pressure on the cobber price.
*The aluminium price is still supported by the higher oil price and the Fed?s decision to maintain the low interest rates. |
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The recommendations stated on this page are based on information which Jyske Bank finds reliable. Jyske Bank does not assume any responsibility for transactions made on the basis of these recommendations, which can be changed without notice. The information stated on this page may not be copied or published elsewhere.
