Commodities Weekly Commodities swing wildly on Trump victory Although the prices of industrial commodities initially plunged and gold rose on the news of Donald Trump’s victory in the US election, sentiment reversed very quickly as the President-elect Trump... 11th November 2016 · 1 min read
Commodities Update Trump rally may be a triumph of hope over reality Commodity markets seem to believe US President-elect Trump will quickly deliver the one thing that he probably can’t – a surge in infrastructure spending – and are ignoring all the bad stuff that... 11th November 2016 · 1 min read
Industrial Metals Update A note of caution on the rally in copper prices Yesterday, the US dollar price of copper shrugged off the uncertainty created by the surprise victory for Donald Trump in the US Presidential election and rose by another 3%. But while the... 10th November 2016 · 1 min read
Commodities Update China’s commodity imports dip in October China’s commodity import volumes declined last month, despite signs of a pick-up in activity data. We think this reflected disruptions caused by the week-long holiday, higher commodity prices and some... 8th November 2016 · 1 min read
Commodities Weekly US election taking centre-stage Energy and agricultural prices took a tumble this week, but for the most part industrial and precious metals performed well. Although the dollar fell, the depreciation was driven by uncertainty over... 4th November 2016 · 1 min read
Metals Chart Pack Industrials continue to outperform The strength of the US dollar and the likelihood that the Fed will raise interest rates next month weighed on the prices of most metals, but notably precious, in October. That said, some industrial... 2nd November 2016 · 1 min read
Commodities Chart Pack Good news for industrials Clear signs of a cyclical pick-up in China boosted the price of the more industrial commodities last month and more than offset the negative impact of US dollar appreciation. In contrast, the price of... 1st November 2016 · 1 min read
Commodities Weekly Commodities looking for direction It was a relatively quiet week in commodity markets but the price of oil took a tumble as investors swung round to our more sceptical view on OPEC’s ability to reach an agreement on curbing production... 28th October 2016 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Sep.) Although the broad measure of China’s industrial production eased back in September, metals-intensive sectors continued to do well. However, we would caution that the recent rallies in the prices of... 27th October 2016 · 1 min read
Industrial Metals Update Another weak month for China’s metals imports China’s metals imports remained weak in September as higher prices, supply constraints and stronger domestic output weighed on volumes. 25th October 2016 · 1 min read
Industrial Metals Update A bright future for cobalt prices We have been positive on the outlook for cobalt prices for some time now but, if anything, prospects are continuing to improve. Ongoing concerns over artisanal mining in the DRC and strong demand from... 25th October 2016 · 1 min read
India Chart Pack Core price pressures remain elevated Much of the focus both before and after the RBI’s decision to cut the repo rate by 25bp (to 6.25%) in early October has been on the sharp fall in headline inflation over the past couple of months. But... 25th October 2016 · 1 min read
Commodities Weekly Commodities pause for breath Most commodity prices were little changed this week despite strong activity data from China. Indeed, the only industrial metals to record gains were tin and lead whose prices were buoyed by ongoing... 21st October 2016 · 1 min read
Metals Data Response Global Steel Production (Sep.) World Steel Association (WSA) data, released this afternoon, show a 2% y/y rise in global steel output in September, slightly stronger than the 1.9% y/y growth a month earlier. After a weak start to... 20th October 2016 · 1 min read
Metals Data Response Global Aluminium Production (Sep.) According to the International Aluminium Institute (IAI), global primary aluminium output rose by 1.2% y/y in September. However, in a reversal of the trend that has prevailed for much of this year... 20th October 2016 · 1 min read
Industrial Metals Update Fed drives a wedge between metals prices The performance of industrial and precious metals prices has diverged in the last month. Industrial metals have benefited from more positive economic data out of China while precious metals have... 20th October 2016 · 1 min read
