Commodities Weekly Oil prices begin to claw back lost ground Despite the re-introduction of lockdown measures in some US states, industrial commodities prices continued to rise this week on the back of ongoing hopes of a vaccine-induced economic boom next year... 11th December 2020 · 7 mins read
Commodities Weekly OPEC+ provides more questions than answers After much wrangling, this week OPEC+ agreed to a partial roll over of its current collective output cut into next year. But the obvious divisions between members of the group mean the question marks... 4th December 2020 · 7 mins read
Energy Chart Pack On the way up The prospect of effective COVID-19 vaccines gave a lift to most energy commodities in November as they have raised the prospect of higher demand in 2021. We anticipate a particularly strong rebound in... 4th December 2020 · 6 mins read
Commodities Chart Pack Vaccines mean higher commodity demand in 2021 A flurry of positive news surrounding effective COVID-19 vaccines gave a lift to most commodity prices in November, as a faster easing of virus containment measures next year should provide a lift to... 1st December 2020 · 7 mins read
Commodities Update China PMIs are unreservedly positive for commodities China’s November PMI readings surprised on the upside but were consistent with the rally in industrial metals prices last month. Given that fiscal stimulus is ongoing and export growth remains robust... 1st December 2020 · 2 mins read
Commodities Update Factoring a vaccine into our 2021 forecasts The prospect of effective COVID-19 vaccines has prompted us to raise our forecast of global economic activity in 2021, which has positive implications for commodity demand. We think oil demand and... 30th November 2020 · 3 mins read
Commodities Weekly OPEC+ unlikely to spring a surprise All eyes in the oil market will be on the OPEC and OPEC+ meetings on Monday and Tuesday next week. Given the renewed imposition of virus-related restrictions in Western economies, the near-term... 27th November 2020 · 7 mins read
Commodities Weekly Oil to tread water ahead of OPEC+ meeting Most commodity prices rose this week, buoyed by news of further progress on COVID-19 vaccines. A rapid roll out of an effective vaccine suggests that economic activity, particularly in the US and EU... 20th November 2020 · 7 mins read
Commodities Weekly Vaccine poses upside risk to forecasts Commodity prices benefitted from news of a potential vaccine for COVID-19 this week. The resulting boost to risk appetite pushed equities and most commodity prices higher, with the exception of... 13th November 2020 · 7 mins read
Commodities Update An effective vaccine will be a game-changer Reports of an imminent, and highly effective, vaccine against COVID-19 point to generally stronger commodities demand. Once there is more certainty on the vaccine, we will review our price forecasts. 11th November 2020 · 2 mins read
Commodities Update China’s commodity imports may be normalising China’s commodity import volumes remained high in October, although they eased back from September levels. We expect import volumes to remain solid in the coming months given the strength in economic... 9th November 2020 · 2 mins read
Commodities Weekly China to continue offsetting weakness elsewhere Commodity markets shrugged off the uncertainty surrounding the US election and took direction from equity markets and the US dollar this week. Most commodity prices rose as equities jumped and the... 6th November 2020 · 8 mins read
Commodities Weekly A Biden victory would have little impact on prices A lack of any detail in China’s Five-Year Plan and concerns about virus lockdown measures weighed on the prices of industrial metals this week. It now looks as though we will have to wait until Match... 30th October 2020 · 7 mins read
Industrial Metals Update China’s five-year plan is too barebones to move prices Commodity prices have largely shrugged off the conclusion of China’s Fifth Plenum and discussion of the 14 th Five-Year Plan (FYP). This is not so surprising as the main takeaway from the event is... 30th October 2020 · 3 mins read
Energy Update China’s five-year plan is too barebones to move prices Commodity prices have largely shrugged off the conclusion of China’s Fifth Plenum and discussion of the 14 th Five-Year Plan (FYP). This is not so surprising as the main takeaway from the event is... 30th October 2020 · 3 mins read
Commodities Update China’s five-year plan is too barebones to move prices Commodity prices have largely shrugged off the conclusion of China’s Fifth Plenum and discussion of the 14 th Five-Year Plan (FYP). This is not so surprising as the main takeaway from the event is... 30th October 2020 · 3 mins read
