Energy Data Response US Weekly Petroleum Status Report US oil stocks grew again last week despite strong growth in refinery inputs, as a surge in imports overwhelmed higher demand. 2nd December 2015 · 1 min read
Metals Chart Pack PM prices slump on strong dollar and China fears The prices of the major precious metals continued to fall in November, weighed down by the strength of the US dollar and persistent concerns over a hard landing in China. While demand and supply... 2nd December 2015 · 1 min read
Commodities Update Ample supplies to keep corn prices under pressure While the US EPA’s finalised renewable fuel standard should boost demand for US corn next year, we think ample global supplies will continue to weigh on the price in the near term. 2nd December 2015 · 1 min read
Commodities Chart Pack No reprieve yet for commodities prices The prices of commodities continued to fall in November, pummelled by the strength of the US dollar and persistent concerns about a hard landing in China. While supply-side developments explain the... 1st December 2015 · 1 min read
Commodities Update Glimmers of hope on the demand side There are many factors behind the current weakness of commodity prices, including the overhang of supply from the previous boom, the strength of the US dollar, and poor investor sentiment. But there... 1st December 2015 · 1 min read
Energy Update Stronger economic growth to support oil demand A pick up in global growth over the next few years, especially in major oil consuming countries, should help demand for oil to remain strong rather than tail off. This in turn should support oil... 30th November 2015 · 1 min read
Industrial Metals Update More supply cuts, but are they enough? China’s metal refiners have been announcing output cuts in 2016. Although Chinese producers have a poor record on curtailing production, we think a combination of reduced raw material supply and... 30th November 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Oct.) Weaker Chilean activity data for October underscore the gradual nature of the economic recovery. Nonetheless, it too early to worry about a renewed slowdown in GDP growth in Q4. 30th November 2015 · 1 min read
Commodities Update Five factors that could shape grain & soybean prices in 2016 2015 has seen the prices of corn, wheat and soybeans fall sharply, dragged lower by a combination of large harvests, rising global inventories and weak currencies in a number of key producing and... 30th November 2015 · 1 min read
Commodities Weekly Precious metals struggle ahead of first US rate hike US dollar strength and the prospect of rising US interest rates continued to weigh on precious metals prices this week. In contrast, industrial metals prices were volatile, but generally ended the... 27th November 2015 · 1 min read
Industrial Metals Update How low could iron ore prices fall? Iron ore prices have weakened sharply since September and have recently fallen below $45 per tonne, weighed down by slower demand growth and excessive supply. Given these weak market conditions, we... 27th November 2015 · 1 min read
Metals Watch Are capex cuts enough to lift PGM prices? Persistently weak prices of platinum group metal (PGMs) have forced the three largest PGM miners in South Africa to undertake deep cuts to their capital expenditure, workforce and cost structure. At... 27th November 2015 · 1 min read
Energy Watch Hopes of Saudi led shift in OPEC policy to be disappointed The next meeting of the Organisation of the Petroleum Exporting Countries (OPEC), on 4 th December, is set to be much more interesting than the one in June. Indonesia will re-join the group for the... 26th November 2015 · 1 min read
Industrial Metals Update Deteriorating supply prospects should lift nickel prices The collapse in the nickel price this year is hard to justify based on fundamentals alone. Ultimately, we expect further constraints on supply, amid steady growth in demand, to boost prices in 2016. 26th November 2015 · 1 min read
Metals Data Response China’s gold imports (Oct.) Mainland China’s gold imports from Hong Kong fell in October following increases in the three previous months. We expect total imports by China to rise in the coming months and imports by India to... 26th November 2015 · 1 min read
Commodities Update Oil price recovery should limit further falls in crop prices The recent weakness of oil prices has weighed on the prices of major agricultural commodities, since oil is an important component of crop production costs and oil prices affect demand for agriculture... 26th November 2015 · 1 min read
