Hledat v komentářích
Investiční doporučení
Výsledky společností - ČR
Výsledky společností - Svět
Týdenní přehledy

Detail - články
Oil price is set to post losses in 4th consecutive month

Oil price is set to post losses in 4th consecutive month

8.11.2013 13:12

The oil price continued to fall on Thursday and is therefore set to post losses in the fourth consecutive month. The price of the front-month contract on Brent (ICE) hit a 4-1/2 month low at 103.24 USD per barrel (USD/bbl) in the afternoon and today in early trading was even seen a touch below 103 USD/bbl level. Crude thus more or less ignored higher than expected China’s export data for October.

Base Metals
Copper outperformed its peers on Thursday as it was the only base metal that posted some (although minor) gains. Interesting piece of news came from the London Metal Exchange (LME) that published details of its package of measures intended to address long warehouse queues. Let us recall that the need for change of rules stemmed mainly from long loadout queues and record-high physical premiums in case of aluminium (but also zinc and copper).Unlike the proposal published at the beginning of July (which was opened for public discussions), the exchange decided to impose additional load-out requirements on warehouses with load-out queues exceeding 50 days (the original proposal was 100 days) and change load-out calculation formula so that it does not overly penalize warehouses with unevenly spread warrant creation.

Apart from that, the LME said it would examine the possibility to introduce a new contract that would allow participants to hedge “all-in” price of the metal (that is, physical premiums) and that it will launch new reports that will increase LME’s transparency; more detailed reports on stocks (on warehouse by warehouse basis) and a new “Commitment of Traders” report.

We believe that the new rules could contribute to better functioning of the LME as the market of last-resort and to its reconnection with physical markets. It might also help to clear the market that has been in surplus for several years - although this will represent a threat to producers who were benefiting from high physical premiums in recent years.

Nově na Patria.cz - obchodní signály na forexu podle technických indikátorů ADX, Williams R% a klouzavých průměrů!
Váš názor
Na tomto místě můžete zahájit diskusi. Zatím nebyl zadán žádný názor. Do diskuse mohou přispívat pouze přihlášení uživatelé (Přihlásit). Pokud nemáte účet, na který byste se mohli přihlásit, registrujte se zde.
Aktuální komentáře

Související komentáře
Nejčtenější zprávy dne
Nejčtenější zprávy týdne
Nejdiskutovanější zprávy týdne
Denní kalendář hlavních událostí
AvalonBay Communities Inc (09/16 Q3, Aft-mkt)
Luxottica Group SpA (09/16 Q3)
1:50JP - Zahraniční obchod, mld. JPY
2:30JP - PMI v průmyslu
7:00Koninklijke Philips NV (09/16 Q3)
9:30DE - PMI v průmyslu
10:00EMU - PMI v průmyslu
12:55VF Corp (09/16 Q3)
13:30Kimberly-Clark Corp (09/16 Q3)
13:30Sandvik AB (09/16 Q3)
13:30T-Mobile US Inc (09/16 Q3)
22:05Visa Inc (09/16 Q4)