Commodities Update Brazil Sugar Production (16th Sep. – 1st Oct.) Data released today by Brazil’s Sugarcane Industry Association, UNICA, showed that sugarcane harvesting in Brazil’s main South-Central region was back on track in the second half of September after... 8th October 2015 · 1 min read
Industrial Metals Update Consensus is moving towards a copper deficit next year Planned and unplanned cuts to copper supply now make it increasingly likely that the market will be in deficit next year (and possibly this year), even with very subdued demand projections. This... 8th October 2015 · 1 min read
Precious Metals Update What’s holding back gold? The price of gold has rallied, helped by the Fed’s reluctance to raise US interest rates, but still looks likely to end the year some way below January’s peak of around $1,300 per ounce. However, gold... 8th October 2015 · 1 min read
Commodities Update TPP impact on agricultural markets likely to be limited TPP is the largest trade deal to be negotiated for more than 20 years. But given the relatively small share of world imports of key agricultural commodities by the 12 signatories and many existing... 7th October 2015 · 1 min read
Industrial Metals Update Can tin prices continue to outperform? Tin prices have risen recently, defying the generally negative sentiment towards metals. As we move into 2016, we expect stronger growth in demand to lead to further price gains. 7th October 2015 · 1 min read
Commodities Update Sugar price rally likely to falter soon The US dollar price of sugar has recently surged as a result of a hike in fuel prices in Brazil. But with the price of sugar already much higher in terms of Brazilian real, and the possibility of... 6th October 2015 · 1 min read
Precious Metals Update US trade in silver bullion boosted by strong coin demand US imports and exports of silver bullion and doré picked up in July, as government mints across the world struggled to keep up with unexpectedly strong demand for silver coins. In contrast, trade of... 5th October 2015 · 1 min read
Energy Update Cuts in investment to help oil prices recover Lower investment in oil exploration and production will lead to a sharp drop in growth in non-OPEC output over the next few years, especially from unconventional sources such as deep water and tar... 5th October 2015 · 1 min read
Commodities Update US stocks don’t indicate any market shortage The latest US grain stocks estimates continue to signal that grain and oilseed supplies are plentiful. With weak currencies boosting the competitiveness of key exporters, we think dollar prices are... 1st October 2015 · 1 min read
Commodities Update Glencore’s woes may have silver lining for commodities We would not be surprised if the well-publicised problems at Glencore actually mark a trough for the prices of many industrial commodities. This (perhaps rather counter-intuitive) conclusion is based... 30th September 2015 · 1 min read
Commodities Update Soybean prices have further to fall The price of soybeans has fallen by around 15% in US dollar terms so far this year. However, the bigger picture is that the price has been in a downward trend since peaking close to 1,750 US cents per... 30th September 2015 · 1 min read
Industrial Metals Update Zinc’s fall from favour should be short-lived An unexpected spike in LME inventories in the last month has raised concerns about oversupply and contributed to a sharp drop in the price of zinc. However, stocks remain historically low and, with... 30th September 2015 · 1 min read
Precious Metals Update Platinum plummets as VW scandal engulfs Audi and Skoda The platinum price is trading close to the lowest level in over six years in response to revelations that Volkswagen (VW) was not alone in cheating on emissions tests for its diesel cars in the US and... 29th September 2015 · 1 min read
Commodities Update China’s carbon trading to curb coal demand further China’s new national carbon cap-and-trade scheme constitutes yet another blow to the prospects for coal demand and prices. In contrast, lower production of steel, aluminium and some petroleum products... 28th September 2015 · 1 min read
Precious Metals Update What does the VW scandal mean for PGMs? Last week, Volkswagen (VW), the biggest European car maker, was engulfed in a scandal for using a hidden software to deceive American regulators when measuring emissions from its diesel-engine cars... 25th September 2015 · 1 min read
Commodities Update Brazil Sugar Production (1st Sep. – 16th Sep.) Data released today by Brazil’s Sugarcane Industry Association, UNICA, showed that sugar cane harvesting in Brazil’s main South-Central region was severely disrupted by rain in the first half of... 24th September 2015 · 1 min read
