Commodities Chart Pack Commodity prices to take a breather in the near term A rise in new coronavirus infections in many parts of the world, including Europe and India, weighed on investor sentiment in commodity markets in March. However, all the signs point to a rapid... 7th April 2021 · 7 mins read
Metals Chart Pack Rally in industrial metals unlikely to last Most metals prices advanced in February, with the exception of gold and silver. However, we suspect that the current prices of industrial metals look overextended, especially given the recent run of... 3rd March 2021 · 6 mins read
Energy Chart Pack Oil catch-up still has some way to go Oil prices have managed to claw back their lockdown-induced losses from last year, and we think that they will rise in the coming months as demand continues to revive. Meanwhile, natural gas and coal... 3rd March 2021 · 6 mins read
Commodities Chart Pack Investor optimism may prove short-lived Most commodity prices rose in February encouraged by falling COVID-19 infections and the vaccine rollout, which point to a recovery in economic activity and higher commodities demand later in the year... 1st March 2021 · 7 mins read
Metals Chart Pack Risk appetite to support base metals prices for now The prices of industrial metals continued to surge in December, capping off a strong 2020. However, we expect that prices will fall this year as growth in China’s demand slows on the back of the... 8th January 2021 · 6 mins read
Energy Chart Pack Energy continues to play catch-up Energy commodity prices for the most part ended 2020 on a high, buoyed by strong seasonal demand, an increase in investor risk appetite and a weaker US dollar. And while energy commodities were the... 7th January 2021 · 6 mins read
Commodities Chart Pack Commodity prices starting 2021 on a high Commodity prices rose in December in spite of a tightening of COVID-19 restrictions in a number of developed economies, which will weigh on commodities demand at the start of this year. Markets seem... 5th January 2021 · 8 mins read
Metals Chart Pack Metals on a tear, for now Industrial metals prices rallied in November. While we expect demand growth to stay strong in the months ahead, on the back of robust economic activity in China, we think that it will slow in 2021 as... 4th December 2020 · 6 mins read
Energy Chart Pack On the way up The prospect of effective COVID-19 vaccines gave a lift to most energy commodities in November as they have raised the prospect of higher demand in 2021. We anticipate a particularly strong rebound in... 4th December 2020 · 6 mins read
Commodities Chart Pack Vaccines mean higher commodity demand in 2021 A flurry of positive news surrounding effective COVID-19 vaccines gave a lift to most commodity prices in November, as a faster easing of virus containment measures next year should provide a lift to... 1st December 2020 · 7 mins read
Energy Chart Pack Oil demand fears back in the spotlight Some energy commodities such as natural gas and coal benefitted from a seasonal uplift in demand in September, but oil prices fell. We think that oil and natural gas prices will make a little more... 6th October 2020 · 6 mins read
Metals Chart Pack Staying cautiously positive on metals Industrial metals prices fell in September on the back of the appreciation in the US dollar and fears that the re-tightening of virus containment measures in Europe and elsewhere will dampen demand... 5th October 2020 · 7 mins read
Commodities Chart Pack Commodity prices to grind higher An uptick in COVID-19 cases in India and in developed economies knocked back many commodity prices in September, with few left in positive territory for the month. And although September’s price... 1st October 2020 · 8 mins read
Metals Chart Pack Metals prices on a roll Industrial metals rallied strongly in August on the back of encouraging economic data out of China and some depreciation of the US dollar. By contrast, the price of gold eased back, after hitting an... 4th September 2020 · 7 mins read
Energy Chart Pack Oil prices going nowhere fast Energy prices continued to recover in August, but they are still trailing other commodity asset classes as well as other risky assets, such as US equities. We expect that prices for the most part will... 3rd September 2020 · 6 mins read
Commodities Chart Pack On the way up, but we expect bumps in the road Ongoing fiscal stimulus in China, coupled with the recent depreciation of the US dollar, is boosting commodity prices. China’s commodity imports are also growing strongly, but we suspect that the pace... 2nd September 2020 · 7 mins read
