Commodities Chart Pack Gas & coal surge to support other commodity prices Natural gas and coal prices soared in September. In turn, this has raised the output costs of industrial metals, most notably those which are especially energy intensive such as aluminium and steel... 5th October 2021 · 12 mins read
Commodities Weekly Energy prices surge as rally looks overdone Commodity prices generally rose this week, but especially energy prices, which continued to surge on constrained supply, unseasonably high demand and low stocks. That said, we think the supply... 1st October 2021 · 5 mins read
Commodities Watch Latest natural gas price surge will unwind At the time of writing, global natural gas prices are soaring. Dramatic moves in global natural gas prices are nothing new and not even very surprising given the extreme weather over the past year or... 1st October 2021 · 7 mins read
Commodities Update China’s power shortage curbs metal supply & demand China’s manufacturing PMIs for September diverged, but both still point to subdued commodities demand. What’s more, the surveys were conducted before power shortages started to constrain activity... 30th September 2021 · 2 mins read
Commodities Weekly Downward pressure on prices is mounting Commodity prices held up well this week, despite the hawkish tone of the Federal Reserve and continued worries over a messy default by Evergrande, the Chinese property developer. Notably, European... 24th September 2021 · 5 mins read
Metals Data Response Global Steel Production (Aug.) Despite high prices, global steel output contracted in August. And given that the authorities in China are proactively encouraging lower output there, further falls in the coming months appear likely. 23rd September 2021 · 2 mins read
Global Economics Update Surge in gas prices adds to near term price pressure In this Update, we answer six key questions about the surge in natural gas prices. The key point is that it will keep inflation in DMs and many EMs above central bank targets for a few months longer... 21st September 2021 · 6 mins read
Commodities Weekly Three key developments to keep an eye on Most commodity prices ground higher this week. And, stepping back, we think events this week highlight three key themes to watch in the months ahead. First, natural gas prices show no sign of easing... 17th September 2021 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report There were hefty falls in both crude and petroleum product stocks, reflecting closed production capacity due to damage caused by Hurricane Ida. Implied gasoline demand also dropped back but it is... 15th September 2021 · 2 mins read
Commodities Weekly More of the same Commodity markets have been relatively quiet over the last few weeks, with many prices trading in a narrow range. There are a few exceptions, most notably the prices of natural gas and coal, which... 10th September 2021 · 5 mins read
Energy Data Response US Weekly Petroleum Status Report There was a small draw in crude stocks last week, despite a dramatic drop in refinery utilisation as many refineries closed ahead of the Hurricane Ida. Notwithstanding, US gasoline demand remained... 9th September 2021 · 2 mins read
Commodities Commodity prices on increasingly shaky ground After sharp falls in the middle of the month, most commodity prices ended August broadly flat. However, we doubt it will be long before the downward pressure on prices intensifies again. After all... 3rd September 2021 · 11 mins read
Commodities Weekly Looking for direction There wasn’t a clear direction in commodity markets this week, with most prices driven by commodity-specific factors. Natural gas and coal prices continued to surge, while the prices of some... 3rd September 2021 · 6 mins read
Commodities Weekly Dollar depreciation unlikely to last There was a dramatic turnaround in the fortunes of commodities prices this week, with across-the-board gains as risk appetite picked up and the US dollar eased back. Fed Chair, Jerome Powell, was... 27th August 2021 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report Crude oil stocks fell again last week and implied gasoline demand rose, in broadly positive news for oil prices. For now, US consumers appear to be shrugging off the spread of the Delta variant of... 25th August 2021 · 2 mins read
Metals Data Response Global Steel Production (Jul.) A slump in China’s steel production in July led to a dramatic slowdown in growth in global steel output. While China’s production may stabilise or rebound a little in the coming months, it appears... 24th August 2021 · 2 mins read
