Commodities Weekly Gold goes for gold and breaks record The rally in the spot price of gold this week to a new record high of over $2,170 per ounce was the result of several financial and macro drivers that should generally keep prices elevated over 2024... 8th March 2024 · 6 mins read
Commodities Update China’s commodity imports holding up The preliminary China trade data released today suggest that China’s commodities demand was robust in the first two months of the year. Crude imports should stay elevated, but iron ore and coal... 7th March 2024 · 3 mins read
Energy Update North America electricity trade to grow Although the US’ trade in electricity with Canada and Mexico is small compared to its overall energy trade, it should grow as clean energy capacity rises and grid connections improve. Canada should... 28th February 2024 · 3 mins read
Industrial Metals Update Global Steel Production (Jan. 2024) The year-on-year contraction in global steel production in January masks a sizeable monthly increase in output in China and India. Production in both countries should grow further over the next few... 23rd February 2024 · 2 mins read
Event Commodities Drop-In: China trade data and the commodities demand outlook 7th March 2024, 8:00AM GMT How strong was Chinese commodities demand at the start of 2024? What do official growth and spending targets signal about demand over the coming year? Where will demand be strongest in commodities...
Event EM Drop-In: Russia election 2024 – War, sanctions and commodities 12th March 2024, 3:00PM GMT The outcome of Russia’s presidential election is a forgone conclusion. But there are big questions about what will happen in Vladimir Putin’s fifth term to the course of the war in Ukraine, to Russia…
Commodities Weekly Natural gas and grains prices give way The plunge in natural gas prices breathed some life into what was otherwise a relatively quiet week in commodity markets. Prices have fallen heavily in most major gas markets as stocks remain high for... 16th February 2024 · 6 mins read
Energy Update US natural gas price collapses, revival to come by Q4 The precipitous drop in US natural gas prices won’t persist for the rest of the year. Prices should rise by Q4 as US production growth slows and LNG exports rise. 14th February 2024 · 2 mins read
Commodities Update Global sugar rush to slowly fade away After a sweet start to the year, sugar prices should take on a more sour note over the rest of 2024. Prices will fall back as El Niño comes to an end and the supply outlook improves but any relaxation... 8th February 2024 · 3 mins read
Commodities Chart Pack Commodities Overview Chart Pack (Feb. 2024) Oil prices are likely to remain buffeted by supply fears as long as the conflict in the Middle East continues. However, we think there will be support on the demand side later in the year as monetary... 6th February 2024 · 1 min read
Energy Chart Pack Energy Chart Pack (Feb. 2024) Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments. Energy prices have so far shrugged off disruptions to shipping in the Red Sea and the risk of wider... 5th February 2024 · 1 min read
Commodities Weekly LNG frozen out of Red Sea, but gas prices to fall further Natural gas prices fell sharply this week, despite Qatar's decision to avoid sending LNG tankers through the Red Sea. We think the relative calm in the natural gas market reflects the fact that gas... 19th January 2024 · 4 mins read
Green Transition Chart Pack Green Transition Chart Pack (Jan. 2024) Our Green Transition Chart Pack has been updated with the latest data and our analysis of recent developments. Following a period of upward pressure on renewable and battery costs in recent years, the... 18th January 2024 · 1 min read
Macro in a more dangerous world, UK CPI preview, bond vigilantes, and the US energy export surge 12th January 2024 Listen Now
Commodities Weekly Middle East tensions to keep a floor under oil prices The Middle East continued to be the focus of commodity markets, although most prices ended the week either flat or lower. That said, the escalation of Houthi attacks on shipping and subsequent... 12th January 2024 · 4 mins read
Energy Focus The US energy export surge is far from being over The surge in US exports of energy over the coming five years will ensure that the US remains a major supplier of fossil fuels to the rest of the world. A large proportion of these exports will be LNG... 10th January 2024 · 14 mins read
