The copper star raw

Oil climbs again

Insensitive to calls for a "perfect price" of $ 80 a barrel, launched by OPEC, oil prices clung all week at the helm of $ 86. A barrel of light crude Texas (WTI) for May delivery has exceeded the 87 dollars for the first time since October 2008 last week.

The markets were quickly erased their losses Wednesday and Thursday, with a barrel qutour income of $ 85. Investors were then cooled by a rebound in the dollar and especially by a surprise increase in weekly unemployment registration. During the week of April 3, the latter amounted to 460,000 against 442,000 the previous week, according to the Department of Labor.An indicator that put the brakes on optimism the speed of recovery and hence the increase in oil demand.

On Friday, during fro above $ 86 a barrel in New York, enjoying a rebound in equity markets and a slight weakening of the dollar. A barrel of Brent North Sea crude for delivery in May stood at 85.74 dollars on the InterContinental Exchange (ICE) in London. "We needed a correction, we have had, then one starts to rise," noted Tom Bentz of BNP Paribas. "It's always the same story, it has small downturns, and buyers are returning. Buyers have been constantly rewarded when they took advantage of these folds and so it continues, "he noted.

According to analysts, "the courts seem to have found a floor around $ 85 a barrel.A sustained movement under $ 70 now seems much less likely that progress towards 90 dollars.

Copper, a leading base metals

After profit taking Thursday, the base metals markets are generally started to increase.

Copper shows a striking health, reaching its highest since August 2008 Tuesday to 8010 dollars per ton. Friday's trading at 7,794.50 dollars per tonne on the London Metal Exchange (LME). Since January first, the increase is 6.12% and 81.10% over one year. China is largely the cause of this infatuation. The country engulfed 40% of global demand. The World Copper Conference, held Wednesday and Thursday, has made it the starting point for discussions. According to participants, China should boost demand by 5.4% in 2010. Growth to 12% in the first quarter bodes well for the future.

Nickel also benefits from China's growth through the increase of the steel in the country. The production of stainless steel (two-thirds of nickel consumption) explodes in the country. After crossing the 25,000 dollars per tonne on April 1 (highest level since June 2008 on the LME) prices were around the 24,435 dollars Friday.

In their wake, aluminum climbed to 2,397 dollars per tonne on the LME, its highest level since October 2008. An upward, according to observers, would that point.

Precious metals: palladium in great shape

As for precious metals, gold has had a week of small but can increase to a rise of 2.68% over the last 5 days. Friday, for the first time since January 12, gold has taken the helm of 1150 dollars.After the first auction in London, per ounce in late morning trading at in 1156 dollars (863.009 euros) against 1148 dollars.

For its part, palladium continues upward, reaching its highest level since 2008. Strong growth still driven by the fear of insufficient supply while the automotive market (primary market) leaves. Palladium rating still around $ 500 an ounce.

In the aftermath, platinum is about 1.29% in one week in 1722 dollars an ounce Friday.

Agricultural raw materials: grains fall

Prices of wheat, corn and soybeans continued to fall this week. As expected, the U.S. Department of Agriculture (USDA) has left its forecast production virtually unchanged in its report released Friday.Thus, world production of wheat for the 2009/2010 marketing year amounted to 678.42 million tonnes (Mt) against 678.01 million tonnes expected this month. Global consumption is raised by 1 Mt to 647.83 Mt, the final inventory at the end of the 2009/10 campaign back to 195.82 million tonnes against 196.77 million tonnes estimated a month ago.

Friday, wheat dropped to 470.75 dollars in Chicago. A bushel of soybeans was $ 9.48 dollars while corn was trading at $ 3.49 a bushel.

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