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
Energy Chart Pack Oil demand fears back in the spotlight Some energy commodities such as natural gas and coal benefitted from a seasonal uplift in demand in September, but oil prices fell. We think that oil and natural gas prices will make a little more... 6th October 2020 · 6 mins read
Metals Chart Pack Staying cautiously positive on metals Industrial metals prices fell in September on the back of the appreciation in the US dollar and fears that the re-tightening of virus containment measures in Europe and elsewhere will dampen demand... 5th October 2020 · 7 mins read
Commodities Chart Pack Commodity prices to grind higher An uptick in COVID-19 cases in India and in developed economies knocked back many commodity prices in September, with few left in positive territory for the month. And although September’s price... 1st October 2020 · 8 mins read
Metals Chart Pack Metals prices on a roll Industrial metals rallied strongly in August on the back of encouraging economic data out of China and some depreciation of the US dollar. By contrast, the price of gold eased back, after hitting an... 4th September 2020 · 7 mins read
Energy Chart Pack Oil prices going nowhere fast Energy prices continued to recover in August, but they are still trailing other commodity asset classes as well as other risky assets, such as US equities. We expect that prices for the most part will... 3rd September 2020 · 6 mins read
Commodities Chart Pack On the way up, but we expect bumps in the road Ongoing fiscal stimulus in China, coupled with the recent depreciation of the US dollar, is boosting commodity prices. China’s commodity imports are also growing strongly, but we suspect that the pace... 2nd September 2020 · 7 mins read
Energy Chart Pack On the way up … Energy prices continued to recover in June, but they remain significantly lower than at the start of the year. What’s more, we do not expect them to recover to pre-virus levels until 2022 at the... 7th July 2020 · 6 mins read
Metals Chart Pack A brighter backdrop ahead for industrial metals June was another good month for industrial metals. The prices of base metals made further gains, although those used in steel alloys (e.g. zinc and nickel) performed less well as wet weather in... 3rd July 2020 · 6 mins read
Commodities Chart Pack Strong Chinese recovery is good news The more industrial commodities performed particularly strongly in June on the back of the ongoing revival in global economic activity. We have become more positive on the outlook for industrial... 2nd July 2020 · 8 mins read
Energy Chart Pack Oil gallops ahead of other energy commodities The gradual easing of coronavirus-related lockdown restrictions around the world, along with falling global production, has supported the price of oil recently. By contrast, persistent oversupply and... 5th June 2020 · 6 mins read
Metals Chart Pack Recovery in industrial metals has further to run May was a good month for metals prices. The ongoing revival in economic activity in China helped to lift the prices of most industrial metals, while investment demand for precious metals remained... 3rd June 2020 · 7 mins read
Commodities Chart Pack Prices to pick up as demand slowly revives The prices of most commodities rose in May on the back of the ongoing recovery in China’s economic activity and a gradual easing of lockdown conditions in the US and Europe. We think that most prices... 2nd June 2020 · 8 mins read
Commodities Chart Pack Prices to tread water for now The prices of most commodities struggled in April against a backdrop of moribund global demand. That said, the performance of energy commodities was mixed: while Brent crude and Henry Hub gas rose in... 5th May 2020 · 8 mins read
Energy Chart Pack Oil prices to remain low even if OPEC+ cut supply Despite the prospect of a massive Saudi Arabian-led production cut, the price of oil has remained low in recent weeks amid a coronavirus-related collapse in demand. By contrast, coal and natural gas... 6th April 2020 · 6 mins read
