Latin America Chart Pack Argentina teeters on the brink of another default With talks between Buenos Aires and holdout bondholders seemingly having stalled, it appears increasingly likely that Argentina will be prevented from making an interest payment that is due on... 25th July 2014 · 1 min read
Commodities Update PMIs to provide only limited support to commodity prices Despite the rise in the PMIs in both China and the euro-zone in July, the near-termoutlooks for industrial commodity and oil prices remain weak. Indeed, there arelingering concerns that the euro-zone... 24th July 2014 · 1 min read
Commodities Update Should we be worried by the fall in shipping costs? Freight costs, as measured by the Baltic Dry Index (BDI), have fallen 68% since the beginning of 2014,largely reflecting the oversupply of vessels. However, in our view, the recent falls in the BDI... 24th July 2014 · 1 min read
Commodities Outlook Prospects for metals prices brightening The combination of stronger growth but less stimulatory monetary policy in the US is more likely tobe a net positive for commodity prices – especially industrial metals – than for those of other... 21st July 2014 · 1 min read
Commodities Update Why tin should be the next metal to stage a price rally Tin prices have barely moved this year, probably because unofficial stocks are being drawn down tomeet demand. However, in our view, there remains a strong case for prices to rally as demand appearsto... 21st July 2014 · 1 min read
Commodities Update The implications of the latest twist in the Ukraine crisis Russia is a vital source of global supply of a wide range of commodities, from energy to metals andgrains. At the time of writing, the likely repercussions of the shooting down of a civilian aircraft... 18th July 2014 · 1 min read
Commodities Update Slump in cotton prices not over yet Extraordinarily high levels of stocks, excessive production and increasing competition from man-madefibres should all put further downward pressure on the price of cotton over the next few years. 18th July 2014 · 1 min read
Asia Economics Weekly How much do commodities matter to Malaysia? As one of the region's few net commodity exporters, there are some concerns that Malaysia is vulnerable to a fall in commodity prices. But Malaysia is not as dependent on commodities as is often... 18th July 2014 · 1 min read
Commodities Update Risks to the copper price remain on the downside, for now We expect renewed weakness in the copper price later this year as mine supply picks up and Chinese copper imports continue to fall due to waning demand from financing deals. However, we expect prices... 11th July 2014 · 1 min read
Commodities Update China’s industrial metals imports likely to fall further China’s imports of key commodities were weak in June reflecting the slowdown in the property sector as well as lower import activity related to financing deals. In our view, these factors are likely... 10th July 2014 · 1 min read
Commodities Update Is Libyan oil output set to rebound? We are cautiously optimistic about the reopening of some Libyan oil fields and ports. Although previous attempts at restarting production have ended in failure, the deal this time around seems like a... 9th July 2014 · 1 min read
Commodities Update Is China’s steel industry set to shrink, at last? The latest batch of emerging market (EM) PMIs suggests that the rebound in EM manufacturing gatheredpace in June. The best performers are still in Asia and Central Europe, as well as Mexico, but there... 4th July 2014 · 1 min read
Commodities Update Zinc price rally is premature That the zinc market will tighten in 2014-15 owing to the closure of some large mines appears inevitable. But, for now, stocks (official and unofficial) are high and while consumption growth appears... 3rd July 2014 · 1 min read
Commodities Update What would higher US interest rates mean for commodities? We are forecasting that the Fed will hike US interest rates sooner and raise them further than the markets currently anticipate. A tightening of policy by the world’s most important central bank might... 2nd July 2014 · 1 min read
Commodities Update High prices cause surge in soybean planting Large stocks of corn, high crop quality ratings and a surge in soybean planting have pulled down grain and soybean prices in recent months. In the absence of a period of adverse weather over the... 1st July 2014 · 1 min read
Commodities Chart Pack Iraq crisis boosts oil prices Industrial commodity prices were supported by stronger Chinese data in June, whilst further unrest in the Middle East lifted oil prices and boosted safe-haven demand for gold. However, the supply... 1st July 2014 · 1 min read
