Energy Data Response US Weekly Petroleum Status Report (20th Jul. 16) Higher demand from refineries helped to pull down crude stocks last week. But greater production of gasoline caused motor fuel inventories to rise. 20th July 2016 · 1 min read
Metals Data Response Global Aluminium Production (Jun.) According to the International Aluminium Institute, global primary aluminium output declined by 1.2% y/y. However, daily average production continues to recover in response to rising prices. 20th July 2016 · 1 min read
Commodities Update Commodities benefit from greater risk appetite The metals, both industrial and precious, have been the star performers this month as investor sentiment improved. Meanwhile, the return of supply that had been lost to unanticipated outages weighed... 19th July 2016 · 1 min read
Industrial Metals Update The nickel price rally could lose steam The price of nickel has surged in recent weeks, primarily on concerns about lower supply due to greater regulation of ore mining in the Philippines. However, stocks remain high and demand is subdued... 18th July 2016 · 1 min read
Commodities Weekly Hopes of policy stimulus boost industrial metals The prices of riskier assets, including industrial metals as well as equities, have been boosted by hopes of additional fiscal and monetary support to mitigate any global fallout from the UK’s vote to... 15th July 2016 · 1 min read
Metals Data Response South Africa’s Mine Production (May) South Africa’s overall mine production remained subdued in May, but PGM output grew strongly. This perhaps reflects producers building up their stocks in preparation for the wage negotiations with... 14th July 2016 · 1 min read
Africa Economics Update South Africa: Economy probably dodged recession in Q2 Activity data for May suggest that South Africa’s economy has improved after contracting in Q1. We expect that the economy returned to growth in Q2, narrowly missing a technical recession. 14th July 2016 · 1 min read
Middle East & North Africa Economics Update Strains in Saudi Arabia’s balance of payments starting to ease Saudi Arabia’s current account position deteriorated at the start of this year due to lower oil prices, but even taking this into account the underlying balance of payments position improved. We... 14th July 2016 · 1 min read
Latin America Economics Focus Making the most of weaker currencies? The weakening of most Latin American currencies has helped the region’s economies adjust to the terms of trade shock caused by the drop in global commodity prices. But while weaker currencies mean... 13th July 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (13th Jul. 16) While inventories of US crude fell again last week on the back of falling net imports, sizeable increases in gasoline and distillate fuel stocks grabbed the headlines. 13th July 2016 · 1 min read
Energy Update Fewer disruptions to oil supplies should limit price gains The return of production from Canada and Nigeria along with a potential increase in output from Libya over the next few months should put some downward pressure on prices. 13th July 2016 · 1 min read
Commodities Update Another strong month for China’s commodity imports China’s commodity import volumes continued to grow strongly in June, despite relatively subdued activity indicators. In some cases, arbitrage opportunities are encouraging Chinese buying but it also... 13th July 2016 · 1 min read
China Data Response Trade (Jun 2016) China’s trade data for June point to further tepid growth in global demand and steady growth in imports in volume terms, helped by continued healthy growth in demand for commodities. 13th July 2016 · 1 min read
Metals Watch Slower global growth to weigh on PGM prices Platinum group metals (PGMs) are primarily used in the automobile sector as catalysts for air pollution abatement in light- and heavy-duty vehicles. Auto sales in the three biggest markets, China, the... 12th July 2016 · 1 min read
Africa Data Response South Africa Manufacturing Output (May) Strong May manufacturing figures add to the evidence that South Africa’s economy avoided a recession in Q2. The sector seems to be benefiting from the weak rand. 12th July 2016 · 1 min read
Canada Economics Weekly Business investment not coming to the rescue The latest Bank of Canada surveys support our view that falling business investment, particularly in the oil and gas sector, will weigh on the economy in the second half of the year. Making matters... 8th July 2016 · 1 min read
