Commodities Weekly Commodities dodge a bullet Most industrial commodity prices rose this week, as the US and China announced that they had reached a phase-one trade deal. The agreement cancels the tariffs scheduled to come into effect this Sunday... 13th December 2019 · 7 mins read
Commodities Weekly OPEC still has work to do The announcement that OPEC+ will deepen output cuts by 0.5m bpd in the first quarter of 2020 boosted oil prices this week. While the decision means that the market will be a bit tighter next year than... 6th December 2019 · 8 mins read
Commodities Weekly OPEC+ to roll over, but not deepen, output cuts Commodities prices were little changed this week. Prices were initially boosted by President Trump’s comments that the US and China were in the “final throes” of a trade deal. But they pared their... 29th November 2019 · 7 mins read
Commodities Weekly Commodities still on the sidelines The prices of most industrial commodities traded in a narrow range this week in part owing to stronger-than-expected PMI data from the US and elsewhere. However, the bigger picture is that global... 22nd November 2019 · 7 mins read
Commodities Weekly It’s still all about trade The prices of industrial commodities tumbled this week amid uncertainty about whether a “Phase One” trade deal between the US and China will be signed and further signs of weakness in China’s... 15th November 2019 · 7 mins read
Commodities Weekly Investors still not convinced … Commodity price moves were surprisingly muted this week considering the news that the “Phase One” trade deal between the US and China may involve the lifting of some of the tariffs already in place... 8th November 2019 · 7 mins read
Commodities Weekly Trade talks remain the key to investor sentiment There were few big moves in commodity prices this week despite some encouraging data out of China and the US, and a 25bp cut in the Fed Funds rate. Admittedly, the economic data were not uniformly... 1st November 2019 · 7 mins read
Commodities Weekly All eyes on the Fed This week has been relatively quiet in commodity markets, but there could be some bigger moves in prices in the next seven days given that the Fed meets on Thursday and a raft of economic data is... 25th October 2019 · 7 mins read
Commodities Weekly Demand fears taking the reins once again Despite the much-vaunted “mini-deal” on US-China trade, most industrial commodity prices fell this week. Uninspiring activity data across major commodity consumers, notably for the US and China... 18th October 2019 · 7 mins read
Commodities Weekly Trade talk optimism could prove misguided With little in the way of major economic data releases this week, most commodity prices rose on the back of news that the US and China may agree a “mini deal” as part of ongoing trade talks. This... 11th October 2019 · 7 mins read
Commodities Weekly Growth concerns to the fore Most industrial commodity prices fell this week as concerns about global economic growth intensified. A raft of weak economic data from the US and the euro-zone seems to suggest that the recent... 4th October 2019 · 7 mins read
Commodities Weekly Little on the horizon to lift investor sentiment As the fall-out from the attacks on Aramco began to fade, the spotlight swung firmly back to concerns about global economic activity this week with falls in the prices of most industrial commodities... 27th September 2019 · 7 mins read
Commodities Weekly Geopolitics back in focus There was a rude awakening for the oil market last weekend as a missile and drone attack on Saudi oil facilities, allegedly backed by Iran, removed around 50% of Saudi capacity. As the dust settled... 20th September 2019 · 7 mins read
Commodities Weekly Price gains lack fundamental support The apparent thaw in US-China trade relations gave most industrial commodity prices a lift, but we have seen these sort of ‘goodwill’ gestures before and doubt that the two sides are any closer to... 13th September 2019 · 7 mins read
Commodities Weekly Much too soon to call a recovery Although the prices of most industrial commodities rose this week, we think that a sustained and broad-based recovery is still some way away. A trio of factors were responsible for this week’s rise... 6th September 2019 · 7 mins read
Commodities Weekly Any boost to prices is unlikely to last long While the US-China trade war has continued to escalate, commodity prices have clawed back a little of their lost ground since the trough at the end of last week. This was aided in part by President... 30th August 2019 · 7 mins read
