Commodities Chart Pack Commodities hold on to their gains, despite uncertainty Most commodity prices traded in a narrow range last month, in the absence of clarity on developments in China (owing to the Lunar New Year Holiday) and on US policy direction. That said, the price of... 1st March 2017 · 1 min read
Metals Data Response China and India’s gold imports (Jan.) The latest import data out of China and India show weak demand for gold in the two largest consumers. While China’s data could be distorted by the timing of the New Year, in India the liquidity crunch... 27th February 2017 · 1 min read
Commodities Weekly Commodities still looking for direction Commodity prices were broadly unchanged this week, aside from a few notable exceptions. Cobalt was the star performer as concerns about supply and expectations of strong demand led to a surge in... 24th February 2017 · 1 min read
Industrial Metals Update Investors remain positive, for now Optimism about demand, fuelled by a pick-up in China’s activity data and the prospect of fiscal stimulus in the US, continues to buoy investor sentiment in the industrial metals markets. However... 24th February 2017 · 1 min read
Industrial Metals Update A weak start to the year for China’s metals imports China’s metals imports were broadly weak in January. This is in line with the most recent activity data which show that the Chinese economy, while still holding up well, may have lost some momentum in... 24th February 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories increased last week, marking seven weeks of consecutive gains, though at a slower rate. On the other hand, gasoline stocks fell. 23rd February 2017 · 1 min read
Energy Watch What could Trump’s trade policies mean for energy markets? Donald Trump’s proposed restrictions and tariffs on trade could cause turmoil in both the domestic and international energy markets if enacted. This Energy Watch takes a first look at what some of the... 22nd February 2017 · 1 min read
Metals Data Response Global Steel Production (Jan.) World Steel Association (WSA) data, released this afternoon, show a 7% y/y rise in global steel output in January. Production in all major producing regions rose, which is in stark contrast to the... 21st February 2017 · 1 min read
Middle East & North Africa Chart Pack Gulf’s non-oil sectors show signs of recovery The latest activity data suggest that non-oil sectors in the two largest Gulf economies, Saudi Arabia and the UAE, are starting to recover from their slumps in early 2016. Both countries have been... 20th February 2017 · 1 min read
Metals Data Response Global Aluminium Production (Jan.) According to the International Aluminium Institute (IAI), global primary aluminium output rose by 11.4% y/y last month, up from 7.8% y/y in December, led by a 19% y/y surge in China’s production. 20th February 2017 · 1 min read
Commodities Weekly Commodities consolidate While a slight weakening of the US dollar provided some support to prices this week, individual demand and supply fundamentals were the main drivers. Oil prices fell as a further rise in US stocks... 17th February 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories continued to rise last week, albeit at a slower rate than in the previous one. Gasoline stocks also increased, after a small reduction a week earlier. 15th February 2017 · 1 min read
Precious Metals Update Silver mine supply could bounce back Oversupply has been plaguing the silver market for the past ten years. However, the latest data show that production cuts across the industrial and precious metal industries are starting to take their... 15th February 2017 · 1 min read
Global Markets Update Will rising metals prices continue to boost EM equities? The latest rise in industrial metals prices has provided a welcome fillip to emerging market equities, which are now at their highest level for more than a year and a half. However, we think that this... 15th February 2017 · 1 min read
Commodities Update Investors still in love with commodities The prices of most commodities have risen since the start of the year, boosted by optimism about demand and, in some cases, disrupted supply. A period of weakness in the US dollar has helped, but the... 14th February 2017 · 1 min read
Energy Update Will a slowdown in efficiency gains curtail US shale oil output? Oil price increases following production cuts by OPEC and non-OPEC countries stand to be partially tempered by higher US shale oil output. Improved efficiency in the industry means that oil producers... 14th February 2017 · 1 min read
