Industrial Metals Update Strong Asian electronics exports to support prices The recent strength in Asian exports reflects sustained growth in global electronics demand, which has been a factor underpinning the recent rally in industrial metals prices. We expect electronics... 4th November 2020 · 2 mins read
Industrial Metals Update Weighing up the relative prospects for energy & metals We think that energy commodities will claw back a bit of the ground that they have lost relative to industrial metals over the next two years or so, as some cyclical factors linked to COVID-19 which... 3rd November 2020 · 4 mins read
Energy Update Weighing up the relative prospects for energy & metals We think that energy commodities will claw back a bit of the ground that they have lost relative to industrial metals over the next two years or so, as some cyclical factors linked to COVID-19 which... 3rd November 2020 · 4 mins read
Commodities Update Weighing up the relative prospects for energy & metals We think that energy commodities will claw back a bit of the ground that they have lost relative to industrial metals over the next two years or so, as some cyclical factors linked to COVID-19 which... 3rd November 2020 · 4 mins read
Energy Update Asia LNG price rally to peter out in months ahead We suspect that the rapid recovery in Asia LNG prices will run out of road in the coming months, as supply returns and LNG cargoes are potentially diverted away from Europe. 3rd November 2020 · 2 mins read
Commodities Update Keeping a close eye on La Niña In the past, La Niña weather conditions in the Pacific Ocean have had a significant impact on agricultural crops and prices. In this Update we consider the risks that the development of La Niña over... 3rd November 2020 · 5 mins read
Commodities Update China PMIs paint positive picture for commodities China’s October PMI data add weight to our view that Chinese economic growth will continue to accelerate, even though we estimate that the economy is already back to its pre-virus trend. This will... 2nd November 2020 · 2 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
Commodities Update Surge in China’s commodity imports has further to run The ongoing fiscal-led boost to domestic demand and a stronger renminbi propelled China’s commodity imports higher last month. This tallies with our long-held view that a rapid rebound in the Chinese... 13th October 2020 · 2 mins read
Commodities Update Commodity prices can take heart from China’s PMIs China’s September PMI readings suggest that the economy is now entering a period of above-trend growth, which is indisputably good news for the prices of commodities, particularly industrial metals. 30th September 2020 · 2 mins read
Precious Metals Update Higher gold price and industrial rebound to lift silver A higher gold price, along with the ongoing recovery in industrial demand, particularly from China, means that the price of silver is likely to rise in the year ahead. 30th September 2020 · 3 mins read
Energy Update US oil production may have peaked Although WTI crude oil prices have partially rebounded from their second-quarter nadir, oil production in the US has yet to recover. We suspect that low prices and producers struggling to source... 29th September 2020 · 3 mins read
Commodities Update China’s “buying spree” suits its needs China is ramping up its purchases of US energy and agricultural products as promised in the Phase One trade deal. But instead of reflecting a desire to meet its obligations to the US, we think China’s... 28th September 2020 · 3 mins read
Commodities Update A vaccine could give oil prices a shot in the arm Although a vaccine against COVID-19 may not dramatically alter the near-term economic outlook, we expect it would structurally improve the demand prospects for many commodities and therefore boost... 24th September 2020 · 3 mins read
