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 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
Commodities Weekly All eyes on China’s Five-Year Plan Data showing that the Chinese economy continued to rebound last quarter and that growth was accelerating heading into Q4 gave a lift to most industrial metals prices this week. Given China’s share of... 23rd October 2020 · 7 mins read
Commodities Weekly A pause for breath After a rollercoaster few weeks, it was a more muted affair for commodity markets this week. Indeed, there was little in the way of big price moves, which we think reflects a couple of factors. First... 16th October 2020 · 7 mins read
Commodities Weekly Oil price recovery to stay in a low gear The prices of most commodities rose this week, supported by a pick-up in risk appetite towards risky assets, such as US equities. Oil prices were the top performer, increasing by around 10% in part... 9th October 2020 · 7 mins read
Commodities Weekly Worries about demand continue to grow The prices of most major industrial commodities, including oil, fell this week seemingly owing to lingering fears about commodity demand. Concerns are growing about the financial health of some major... 2nd October 2020 · 7 mins read
Commodities Weekly Fears of a W-shaped recovery to hold back prices It was another wobbly week in commodity markets as prices generally fell, largely on the back of a deterioration in investor risk appetite. Most equity markets sold off and the US dollar strengthened... 25th September 2020 · 7 mins read
Commodities Weekly What a difference a week makes Oil prices surged by around 10% this week on the back of not very much. Admittedly, OPEC declared that it would clamp down on non-compliant members and re-iterated that it would do what it takes to... 18th September 2020 · 7 mins read
Commodities Weekly Oil prices facing an uphill battle Concerns about demand and a move away from ‘risky’ assets, including equities, dragged both energy and industrial metal commodity prices lower this week. In the oil market, we think that any further... 11th September 2020 · 7 mins read
Commodities Weekly China to save the day! Despite further signs of strength in China’s manufacturing sector, the prices of most industrial commodities – as well as gold and silver – fell this week owing in large part to an appreciation of the... 4th September 2020 · 7 mins read
Commodities Weekly Prices may stutter if the economic revival loses steam The Fed’s move to a “flexible form of average inflation targeting” announced at this week’s Jackson Hole is broadly positive for commodities prices. It points to ultra-loose US monetary policy for... 28th August 2020 · 8 mins read
Commodities Weekly Recovery in demand running into roadblocks Industrial metals prices pushed higher this week, while the prices of oil and gold were broadly flat. For now, the robust recovery in Chinese demand for metal still seems to be enough to offset weaker... 21st August 2020 · 7 mins read
Commodities Weekly Rally in precious metals taking a breather The nine-week, gold-led rally in the precious metals faltered this week. We had warned that gold was looking a bit expensive, and that prices were vulnerable to a slight correction. While real bond... 14th August 2020 · 7 mins read
Commodities Weekly Downside risks building Upbeat manufacturing data from the US and China bolstered risk appetite this week, helping the prices of industrial commodities record another strong week. However, precious metals prices also did... 7th August 2020 · 8 mins read
