Commodities Chart Pack Softer demand, but supply to remain tight Non-energy commodities prices generally fell in June on the back of concerns about the outlook for demand amid global monetary tightening and slower economic growth. Energy prices may also fall a... 6th July 2022 · 13 mins read
Commodities Weekly Demand concerns to weigh on prices for a while yet Prices struggled to find direction this week as concerns about demand deepened at a time of still constrained supply of many commodities. The price of Brent crude fell sharply on Thursday in response... 1st July 2022 · 5 mins read
Commodities Update Where could we be wrong on agricultural prices? We expect that the prices of agricultural commodities will fall back gradually over this year and next, but remain historically high. However, the volatility of prices in recent months and the... 30th June 2022 · 3 mins read
Commodities Update The outlook for staple agricultural commodities We think the prices of agricultural commodities will fall back in the coming months, but most will remain historically high owing to tight supply, concerns about future supply and high energy prices. 24th June 2022 · 4 mins read
Commodities Weekly Non-energy prices only have so much more to fall Most commodity prices fell this week as demand concerns picked up due to ongoing monetary policy tightening by major central banks. Speaking to the US Senate Banking Committee on Wednesday, Federal... 24th June 2022 · 6 mins read
Commodities Weekly Supply concerns to dominate in gas markets European natural gas prices surged this week on renewed supply concerns, as Russia once again cut gas supplies to Europe and the US Freeport LNG export facility closed for six months. The huge price... 17th June 2022 · 6 mins read
Commodities Weekly Lockdowns are only part of China’s subdued demand The supply risks associated with the war in Ukraine have not gone away, but there has been more market attention in recent weeks on the outlook for commodities demand. In the very near term, the... 10th June 2022 · 6 mins read
Commodities Chart Pack Supply concerns to dominate for some time yet Energy and agricultural prices continued to rise in May as concerns about supply more than offset signs that demand, at least for energy, could soften. We expect prices to remain historically high but... 7th June 2022 · 13 mins read
Commodities Watch Lessons from the spike in agriculture prices in 2007-12 The last time the prices of agricultural commodities rose as sharply as they have done in recent months was in the run up to the Global Financial Crisis and in 2011-12. During these times fears of... 31st May 2022 · 8 mins read
Commodities Weekly Waiting for clarity on the EU’s oil import embargo A persistent theme in energy markets is uncertainty about the outlook for the EU’s imports of energy from Russia. It does appear that some sort of embargo of oil imports will be announced, maybe as... 27th May 2022 · 6 mins read
Commodities Update Risk of tighter agricultural export restrictions growing The recent tightening of export restrictions has been limiting the supply of staple agricultural commodities available to global markets and pushing up prices. In light of the ban on wheat exports... 23rd May 2022 · 3 mins read
Commodities Weekly Easing of lockdown lifts metals prices, for now… The prices of many industrial metals (IM) picked up this week on news of an easing of COVID-19 restrictions in China. However, we think weak demand and improved supply in China will send IM prices... 20th May 2022 · 6 mins read
Commodities Update Auto sector woes to weigh on natural rubber prices After a post-pandemic rebound in 2021, we expect growth in global demand for natural rubber (NR) to slow this year in tandem with a downturn in industrial activity, notably in the NR-intensive auto... 18th May 2022 · 4 mins read
Commodities Weekly Energy prices no longer appear to be “lifting all boats” Most commodity prices fell this week amid a general sell-off in risky assets and a stronger US dollar. That said, we think the days of higher energy prices leading to an all-encompassing rally in... 13th May 2022 · 6 mins read
Commodities Weekly Demand and supply pull prices in opposing directions Energy prices continue to be pummelled by upward pressure related to fears of supply shortages and downward pressure from signs of slower economic growth, tighter monetary policy and a stronger US... 6th May 2022 · 6 mins read
Commodities Update Not just Indonesia export ban boosting palm oil prices We expect Indonesia’s latest ban on palm oil exports to be short-lived, but constrained supply and the high prices of other edible oils, coupled with elevated oil prices, will support the price of... 5th May 2022 · 3 mins read
