Industrial Metals Update China’s metals imports point to strong demand so far in 2017 China’s detailed trade data, released yesterday, revealed that metals demand was strong in the first six months of the year, which helps to explain the recent price rallies. That said, we expect... 25th July 2017 · 1 min read
Commodities Watch Second half of the year bodes well for coffee Last month, the spread between arabica and robusta coffee prices fell to its lowest level in over ten years. Elsewhere, France recently announced that it will curb the use of palm oil in biofuels... 25th July 2017 · 1 min read
Emerging Markets Economics Chart Pack EM consumers bouncing back EM retail sales growth picked up for a third consecutive month in May and is now running at a 12-month high. What’s more, the improvement has been widespread across different EM regions. In Russia and... 24th July 2017 · 1 min read
Commodities Outlook All good, for now Commodity prices have held up well over the last quarter, encouraged by positive economic data out of China, falling expectations of US interest rate rises and signs that crude oil stocks are finally... 24th July 2017 · 1 min read
Commodities Weekly The weaker dollar bolsters commodities This week started on a positive note for industrial commodities with strong June activity and investment data out of China. A weaker US dollar was also supporting commodity prices, more generally... 21st July 2017 · 1 min read
Middle East & North Africa Chart Pack Worst fears over Qatar crisis fade Diplomatic efforts have failed to bring an end to the stand-off between Qatar and the so-called Anti-Terror Quartet (Saudi Arabia, UAE, Egypt and Bahrain). Encouragingly, though, there are signs that... 21st July 2017 · 1 min read
Energy Update Four key risks facing the oil market The oil market’s attention is firmly on rising production in the US and the outlook for stocks there. However, there are a number of risks elsewhere which are potentially being overlooked and which... 20th July 2017 · 1 min read
Metals Data Response Global Steel Production (Jun.) World Steel Association (WSA) data showed a 4.5% y/y rise in global steel production in the first half of 2017, which compares favourably with the 0.8% rise in 2016. 20th July 2017 · 1 min read
Metals Data Response Global Aluminium Production (Jun.) According to the International Aluminium Institute (IAI), global primary aluminium output rose by 7.1% y/y last month, up from 4.8% y/y a month earlier. 20th July 2017 · 1 min read
Commodities Update Commodities back in favour Investors have turned more positive on the outlook for commodity prices in the last month, reflected in a general rise in net-long futures positions. Sentiment has improved on the back of strong... 19th July 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Another large drop in crude stocks provides further evidence that the market is slowly starting to rebalance. Gasoline stocks also fell as output from refineries dropped back. 19th July 2017 · 1 min read
India Economics Update Bond market takes RBI intervention in its stride The bond market has taken the Reserve Bank of India’s (RBI’s) surprise announcement of increased open market sales of government securities in its stride, with yields on local-currency debt remaining... 19th July 2017 · 1 min read
Energy Update Government intervention in the coal market could backfire Coal prices have been boosted recently by a series of temporary factors. However, supply is growing quickly, which is raising the risk of a sharp drop in prices once demand drops back. 18th July 2017 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Jun.) There was across-the-board strength in China’s June activity and investment data, which helps to explain the recent resilience of industrial metals prices. However, we still expect ongoing policy... 18th July 2017 · 1 min read
Commodities Weekly All good, for now … The prices of most commodities, with the exception of agriculturals, rose this week. Data showing strong Chinese import demand gave a boost to the prices of industrials, while a further drop in US... 14th July 2017 · 1 min read
Energy Watch Will US gasoline demand recover from its weak start? US gasoline prices have been volatile so far this year but have generally followed oil prices lower. This Energy Watch examines the prospects for US gasoline demand over the rest of this year and into... 14th July 2017 · 1 min read
