Commodity: JP Morgan forecasts crude oil & gold to lead a rally in commodities as prodn fails to keep pace with demand. House believes that oil supply will trail consumption in 2H11 as Opec & other producers would not increase output fast enough. Ultimately, the long-term fundamental supply & demand of commodities is still pointing to higher prices. Rabobank expects shortages in corn & cotton this year while Barclays Capital is predicting deficits in copper, nickel, tin, lead & platinum.
BlackRock also remains positive on the sector, noting that the fundamentals of commodities are supportive. Views the trends of more M&A activity are firmly in place & we anticipate still more to come. This can only present more opportunities for Noble & Olam
No comments:
Post a Comment