Commodities news

Commodities markets summary
Commodities news from around the world.
Commodity prices fall to 9.5 year low
After a 1.1 per cent fall in October, the RBA's foreign currency commodity price index is at its lowest level since March 2006.
WA's financial health hit by commodities
Western Australia's financial health has taken a turn for the worse as the resources state suffers from a multi-billion dollar revenue hit.
ANZ downgrades iron ore and coal prices
ANZ has downgraded its price forecasts for iron ore and coking coal for the next two years as it lowers Chinese growth predictions amid weak steel demand
NZ commodity prices fall for fifth month
The ANZ Commodity Price Index is 23.5 per cent below year earlier levels after five months of declines.
Commodity prices fall further in August
Commodity prices were down 3.1 per cent in August, and 20.9 per cent in annual terms, weighed down by weaker iron ore and oil prices.
Global oil demand growth to increase
OPEC predicts that the growth in global oil demand will continue into 2016 as the world economy picks up but oil output will also continue to increase.
Oil prices little changed
Oil prices barely moved as the International Energy Agency forecast slower growth for global demand next year.
Global oil demand growth to slow: IAE
In its first estimates for 2016, the IEA forecasts oil demand will slow next year to 1.2 million barrels per day, compared with 1.4 million bpd this year.
Commodity prices bounce in June
Commodity prices rose 0.7 per cent in June and were up 17.9 per cent in annual terms, weighed down by weaker coal and oil prices.