Metals Data Response Global Aluminium Production (Aug. 16) According to the International Aluminium Institute (IAI), global primary aluminium output fell by 0.2% y/y in August. So far this year, output in the World ex China has risen, while China’s production... 20th September 2016 · 1 min read
Commodities Watch Bulging stocks to weigh on the prices of grains & soybeans Supply of the main grains and soybeans looks set to rise in 2016/17, after adverse weather –notably in Latin America – dented harvests in 2015/16. That said, many analysts suspect that the United... 19th September 2016 · 1 min read
Commodities Weekly Attention to return to the Fed The price of oil has taken a hit this week as hopes faded of an OPEC-led agreement between producers to freeze output. However, other industrial commodities performed somewhat better, buoyed by the... 16th September 2016 · 1 min read
Energy Update Spare oil production capacity ample for now We think that concerns about the lack of spare capacity in the oil market are overdone as supply is already ample and stocks are high. However, as the market tightens over the next few years, low... 15th September 2016 · 1 min read
Industrial Metals Update Rising stocks weigh on copper prices The ongoing surge in LME copper stocks was the key development last month and contributed to renewed bearish sentiment towards the metal. In contrast, stocks of all the other metals have fallen over... 15th September 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (14th Sep. 16) US inventories of crude oil fell last week as imports rebounded by less than expected after the previous week’s hurricane-related disruptions. On the other hand, stocks of gasoline and distillates... 14th September 2016 · 1 min read
Metals Watch Oversupply to weigh on the price of iron ore Iron ore prices have been on a bit of a rollercoaster this year, rising on waves of optimism about China’s demand, before slipping back on persistent growth in supply. In this Metals Watch, we argue... 14th September 2016 · 1 min read
Middle East & North Africa Economics Update Will economic pain prompt a shift in Saudi oil policy? The slowdown in Saudi Arabia’s economy has prompted the authorities to soften their opposition to a deal to freeze oil output. While a deal is more likely than it was earlier this year, there are... 14th September 2016 · 1 min read
Latin America Economics Update Falling mining output to drag on regional recovery Q2 GDP data released across Latin America over the past month revealed that the mining sector was a key drag on growth in a number of economies. This looks set to continue as the lagged impact of... 13th September 2016 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Aug.) Metals prices received a boost today as August activity data out of China surprised on the upside. There is now clear evidence that the monetary and fiscal stimulus enacted earlier in the year is... 13th September 2016 · 1 min read
Energy Watch OPEC’s past form points to disappointment in Algiers Speculation about a potential deal to freeze output at the unofficial OPEC meeting at the end of September has been largely responsible for the increase in oil prices over the past month. This Energy... 13th September 2016 · 1 min read
OPEC Watch OPEC pushes back market rebalancing OPEC production remained at near-record highs in August. What’s more, the group revised up its estimate of non-OPEC output for both this year and next. 12th September 2016 · 1 min read
Precious Metals Update Why are central banks giving a cold shoulder to gold in 2016? Since 2010 central banks have become major buyers of gold, accounting on average for about 10% of total gold demand over the past five years. However, demand from the official sector has been... 12th September 2016 · 1 min read
Commodities Weekly A roller-coaster week for oil The price of oil has alternately surged and plunged this week, buffeted by a sharp (but probably temporary) fall in US stocks and speculation about prospects for supply. Indeed, stability in prices... 9th September 2016 · 1 min read
Emerging Markets Trade Monitor EM exports stumble, but recovery will continue We think that one-off disruptions explain most of the fall in EM exports in July. More timely data already suggest that EM export growth was stronger in August. 9th September 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (8th Sep. 16) US crude stocks fell by the second largest amount on record last week. However, this was almost entirely due to a drop in imports which may rebound next week. 8th September 2016 · 1 min read
