Industrial Metals Update Copper still waiting in the wings The price of copper has not risen by as much as the prices of other metals in recent months. But we think the underlying outlook for demand is strong and that there are risks on the supply side. As... 10th May 2016 · 1 min read
Commodities Update China’s commodity import demand remains robust The sharp year-on-year decline in China’s import values in April has attracted some negative headlines but largely reflects distortions around the timing of the Lunar New Year and the slump in... 9th May 2016 · 1 min read
Commodities Weekly Investor exuberance wanes For the most part, commodity prices fell this week. This was not too surprising as the prices of many commodities, particularly the more industrial ones, appeared to have moved ahead of fundamentals... 6th May 2016 · 1 min read
Metals Chart Pack Precious metals rally on dollar weakness Precious metals prices rallied in April, flattered by the recent dollar weakness. We have been positive on the outlook for precious metals since the start of the year owing to the prospect of lower... 6th May 2016 · 1 min read
Energy Watch Oil price rally could be sowing seeds of its own destruction The recent rally in oil prices has been stronger than even we had anticipated. However, prices have already fallen back slightly from their recent peak and we would not be surprised to see some... 5th May 2016 · 1 min read
Metals Chart Pack A note of caution on the recent price rallies The prices of most industrial metals rose in April, although prices have eased back in the last week. A weaker US dollar, as market expectations of US interest rate rises were scaled back, was a key... 5th May 2016 · 1 min read
Precious Metals Update Is the recent rally in PGM prices sustainable? The recent rally in platinum group metals (PGM) prices has been stronger than we had anticipated and may not be sustainable. Indeed, prices have already retraced slightly from their recent peak of a... 4th May 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose again last week despite US oil production experiencing its largest weekly decline this year, and a rise in inputs to refineries. 4th May 2016 · 1 min read
Commodities Chart Pack It’s all about the dollar Commodity prices rose again in April on a combination of persistent weakness in the US dollar and investor optimism about a recovery in Chinese demand. While our long-held view has been that... 3rd May 2016 · 1 min read
Energy Chart Pack Oil leads the way up Oil prices continued to rally in April as sentiment improved further on the back of hopes that the oil market will rebalance later in the year. Indeed, better economic data out of China supported the... 29th April 2016 · 1 min read
Commodities Weekly Almost all news is good news Commodities rallied further in the past week, notably oil, helped by positive investor sentiment and further dollar weakness. Gold and (particularly) silver were again among the biggest gainers... 29th April 2016 · 1 min read
Commodities Outlook Medium-term prospects remain bright The recent rebounds in many commodity prices have been stronger than even we had anticipated and may be premature. We would not therefore be surprised – or that worried – to see some temporary pull... 29th April 2016 · 1 min read
Latin America Chart Pack Conditions improve, but activity remains depressed The latest activity data from across Latin America have been encouraging, but the bigger picture is that the region’s economy is still struggling. Industrial and retail output in Brazil fell at a... 28th April 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose again last week despite a slump in net-imports and another small decline in US oil production. 27th April 2016 · 1 min read
Industrial Metals Update Investors cannot ignore oversupply of iron ore much longer The large speculative element in the recent rally in iron ore prices suggests that prices are especially vulnerable to any waning in the enthusiasm of Chinese investors, perhaps prompted by a further... 27th April 2016 · 1 min read
