Commodities Update China’s trade data provide some grounds for optimism While the headlines have focused on the falls in export and import values, China’s trade data actually show commodity import volumes holding up well. What’s more, the record trade surplus will support... 9th November 2015 · 1 min read
Precious Metals Update Hit to gold and silver prices from Fed hike to be short-lived In the wake of the strong US employment report we are reinstating the dips in gold and silver priceswe had previously forecast for the end of Q3. Nonetheless, we continue to expect both metals... 6th November 2015 · 1 min read
Precious Metals Update Is the renewed interest in bitcoin a serious threat to gold? The recent weakness in the price of gold has coincided with a surge in the price of bitcoin, prompting a few to suggest that the electronic currency is again challenging the precious metal as a... 6th November 2015 · 1 min read
Commodities Update Rising incomes remain key to China’s future food demand The end of China’s one-child policy raises a number of questions about future demand for agricultural commodities. However, we think that economic growth and rising incomes will remain the key... 6th November 2015 · 1 min read
Precious Metals Update Global central banks continue to add gold to their reserves Global central banks increased their gold reserves in September, with China and Russia once again particularly active. We expect further official purchases to continue to be one of several factors... 6th November 2015 · 1 min read
Precious Metals Update Will Lonmin’s call for cash impact PGM prices? Under pressure from labour unrest, rising costs and weak platinum prices, Lonmin said this week that it will cease trading if its plan to raise capital in a rights issue of new shares is unsuccessful... 5th November 2015 · 1 min read
Metals Data Response Indonesia Tin Exports (Oct.) Indonesia’s tin exports rose strongly in October, but we expect volumes to drop sharply from November as new export regulations take effect. Lower Indonesian production and exports next year should be... 5th November 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks rose once again last week. However, despite an increase in crude production, the stock build was much smaller than the previous week’s, as refinery inputs continued to pick up and... 4th November 2015 · 1 min read
Metals Chart Pack Fed inaction drives gold and silver prices lower The performance of the major precious metals continued to diverge in October. While the platinum price was buoyed by strong euro-zone auto sales, gold and silver prices remained tied to the... 4th November 2015 · 1 min read
Commodities Update Sentiment improves as investors cut short positions As changing weather forecasts in key growing regions shape markets’ expectations for production, some sharp price increases in October saw investors rush to reduce their short futures positions. By... 4th November 2015 · 1 min read
Energy Chart Pack Back on the roller-coaster Volatility returned to the oil market in October with prices being pushed and pulled by swings in sentiment towards China, changes in the value of the dollar and the outlook for demand in the US. The... 4th November 2015 · 1 min read
Metals Chart Pack Producers have started cutting supply Many metals markets have been in comfortable surplus this year, which has been a factor weighing on prices. However, in October there were signs that supply cuts in response to low prices are starting... 3rd November 2015 · 1 min read
Commodities Chart Pack Supply prospects diverge again Dollar strength and fears about demand, particularly from China, continued to overshadow commodity markets last month, but the biggest moves in prices can largely be explained by supply-side... 2nd November 2015 · 1 min read
Industrial Metals Update Aluminium prices weaken as output remains strong Aluminium prices have continued their rapid decline, reaching a six-year low. Production has still not responded to lower prices though, and Chinese output is growing particularly strongly. Therefore... 2nd November 2015 · 1 min read
Commodities Update What does the latest news from China mean for commodities? Recent positive developments in China – including signs of recovery in the equity market and in themanufacturing sector, renewed stability in the renminbi, and additional policy stimulus – support... 2nd November 2015 · 1 min read
Commodities Weekly Focus to shift back (at least briefly) to China The key drivers of commodity prices in the past week have been the ebb and flow of expectations for US interest rates and speculation of tighter supply – the latter boosting US crude oil prices and... 30th October 2015 · 1 min read
