Arabica coffee prices can vertical pin up to a record $ 4 a pound

Arabica coffee prices can establish a "vertical pin up"to a record $ 4 a pound at the end of the first quarter with a daily profit of 50 cents per pound after surging to a 13 year old boy a week Last, the researcher said Shawn Hackett.

Coffee is no longer a "commodity value" and roasters face a "demand rationing orgy panic, " wrote Hackett, president of Hackett Financial Advisors Inc. in Boynton Beach, Florida, in a report dated 18 December. Robusta coffee prices traded in London may rise to $ 2,500 per tonne on the growing demand in Asia and the lack of production growth in Vietnam, the world's largest producer of grains, Hackett said via email yesterday.

The rains in Latin America is likely to maintain coffee production output over the past two years, according to Hackett. Arabica coffee will probably end the year at $ 3 a pound, said Hackett.

Coffee futures in New York on Dec. 17 jumped to 13 year high of $ 2,267 a pound. Robusta coffee in London closed the week at $ 1,986 a tonne.

Rice, cocoa, timber, milk and natural gas are products that still have "pockets of value, " according to Hackett. Continued Commodity Index of 17 commodity futures likely to rise to a record year-end, said yesterday in e-mail. The index closed at 603.35 on December 17 and the high is 615.04 on 3 July 2008.

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Copper rose more in a week in New York amid speculation

Copper rose more in a week in New York amid speculation that the U.S. economy is recovering and after hedge funds bet on the metal more profit.

U.S. Department of Commerce on December 22 may revise its estimate of third quarter growth at an annualized rate of 2.8 percent versus a previous estimate of 2.5 percent. Hedge funds have the largest net-long positions, or bets on higher prices in New York in five years, government data.

"The enterprise market is entering the final year," said David Thurtell, analyst at Citigroup Inc. in London. "Hedge funds want to keep them high to get good performance numbers and probably also anticipate good tickets New Year."

Copper futures for March delivery added 4.7 cents, or 1.1 percent, to close at $ 4.206 a pound at 1:01 pm on the Comex in New York. That's the biggest one day gain for a most-active contract since Dec. 13. The metal has risen 46 percent since July 1, in part by demand from emerging markets.

Speculative long positions, or bets prices of copper will rise, outnumbered short positions by 30,268 contracts on the Comex division of the New York Mercantile Exchange in the week ended Dec. 14, Washington-based Commodity Futures Trading Commission said on 17 December. That was the highest net long since March 2005.

On the London Metal Exchange, copper for delivery in three months rose $ 131, or 1.4 percent, to $ 9,201 per ton (4.17 dollars per pound).

Tin, aluminum, zinc and lead also won in London. Nickel fell.

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The crude oil trading near the highest levels in two years

The crude oil trading near the highest levels in two years, is likely to "escape" to $ 94 a barrel if prices remain above $ 87 bracket, according to Chart Partners Group Ltd.

Commodities such as oil, gold and copper is optimistic short-term trends going into January, and that "flirting" with a "cycle of opposition, correction" in the long term, said Thomas Schroeder, CEO of partners Graphics, a company based in Bangkok in technical research. The level of $ 87 per barrel is a turning point and was the highest of the year a few months ago, Schroeder said. Crude oil futures settled above $ 87 a barrel, three times in November before rebounding above $ 88 a barrel in December.

"It appeared more than $ 87, turned down and had a severe fall, turned over $ 87.'s Having trouble deciding whether to keep that level," said Schroeder. "While the support is $ 87, I think we'll have some more significant peaks in January to treat."

Crude for January delivery gained 48 cents, or 0.6 percent to $ 88.50 a barrel in electronic trading on the New York Mercantile Exchange and was at $ 88.36 a barrel at 8:46 am Singapore time. By November, futures settled above $ 87 a barrel in October 2008.

An oil rally next month will be his "last race of force before a downslope of the cycle develops," said Schroeder. Table of crude oil is also showing divergence bear, where the peaks in the Relative Strength Index and Moving Average Convergence / Divergence of the indicators are getting ever higher, unlike the upward trend in oil prices, said .

"The indicators are not confirming a new record, which means oil up insurance, the rally is short term," said Schroeder. "That usually means ordering around the world throughout the world, is waiting for someone else to buy and no one ever does. That is a sign of underlying weakness that I think will start to come through in January."

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World zinc mining companies can pay 15 to 20 percent

World zinc mining companies can pay 15 to 20 percent less than the foundries of the raw material for processing into refined metal next year after fees were reduced in the cash market, according to Macquarie Group Ltd.

"Assuming a zinc base price of $ 2,000 a metric ton, we could see a base treatment charge of about $ 200 - $ 210 per dry metric tonne," the bank said in a report released today. This would be a reduction of about $ 40 - $ 50 per ton of reference for this year of $ 253 per tonne at a base price of $ 2,000 a tonne, the bank said.

Mining companies including Teck Resources Ltd., and foundries, and Korea Zinc Co. and Mitsui Mining & Foundry Co., are negotiating rates for next year. The producers seek lower rates when the raw material, or concentrate are called, in case of shortage. Zinc is used to galvanize steel.

The current differential between the terms of place and reference point is $ 125 to $ 145 a tonne, it said. The reference rates "will fall sharply in 2011, given the differential between the terms of reference, period," he said.

treatment costs are fees paid by miners to smelters for processing metal concentrates to produce and pay per dry metric tonne of zinc concentrate processed.

Miners typically pay a premium over market conditions in place to ensure reliable customers for concentration. The "differential of three digits would be very generous," the bank said.

Court Escalator

Zinc for delivery in three months advanced 0.8 percent to $ 2,293.50 a ton on the London Metal Exchange at 4:56 pm Tokyo time. Refined zinc production obtained at 1.1 million tonnes in October, surpassing the demand for 1.036 million tons, the International Lead and Zinc Study Group said Dec. 15. Production in September was 1.095 million tonnes against the demand of 1.07 million tonnes, the report said.

Rates also have "price participation" clauses allowing smelters to benefit from higher prices. An escalator is a percentage increase in the rate base treatment for each dollar increase in the price of zinc on the LME over the base price.

Mining companies can promote a new cut in the escalators and escalators called the reference point of 2011, the bank said. the participation of this year prices had been reduced to the narrow range of at least 20 years, he said.

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Natural gas rose for a second day in New York

Natural gas rose for a second day in New York on forecasts of below-normal temperatures in the eastern U.S. that can increase demand for fuel.

Gas futures gained as much as 2.3 percent as the weather can be colder than normal in the east coast and the Great Lakes region from December 27 through January 2, according to the National Weather Service . Earlier forecasts had shown above-normal temperatures in New England during that period.

"It seems we'll have another attack of cold," said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. "I think the market has found support at $ 4 after last week flush and seems to be recovering a little."

Natural gas for January delivery rose 7.8 cents, or 1.9 percent, to $ 4,144 per million British thermal units at 12:24 in the New York Mercantile Exchange after climbing to $ 4,158. Futures have dropped 26 percent this year.

The low temperature in New York on December 27 can be 26 degrees Fahrenheit (-3 degrees Celsius), three degrees below normal, according to AccuWeather Inc. in State College, Pennsylvania. The low temperature in Chicago may be 15 degrees Celsius, four degrees below normal.

"Next week it has tended most coldest day this more general, temperatures below normal expectations," said Stephen Strum, president of Frontier time in Tulsa, Oklahoma, in a note to customers today.

Heating increased demand

heating demand in the U.S. can be 18 percent above normal for December 26 through December 30, according to Weather Derivatives in Belton, Missouri.

There may be storms in "Christmas and New Year then" on the east coast, according to Time Commodity Group LLC in Bethesda, Maryland.

About 52 percent of U.S. households the use of natural gas for heating, according to the Department of Energy.

Gas also rose on speculation a rebound in U.S. economy boost industrial demand.

Data scheduled for release on December 22 will probably show U.S. Gross domestic product grew 2.8 percent in the third quarter, versus a previous estimate of 2.5 percent.

The Thomson Reuters / Jefferies CRB Index of 19 commodities gained 0.8 percent to 323.07.

The Energy Department reported last week that 164 million cubic feet of gas were withdrawn from the inventories for the week ending 10 December, above the five-year average decline of 153 million dollars. Total stocks 3561000000000 cubic feet, 1 percent below last year's level and 9.9 percent above the five year average.

gas reserves will reach 1.833 trillion cubic feet at the end of the winter season in March, about 171 million cubic feet higher than at the end of March 2010, the Energy Department said on 7 December in its report Monthly short-term Energy Outlook.

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