Metals Chart Pack Settling in for some near-term weakness December was a relatively strong month for both precious and industrial metals, with prices rising almost across the board. A weaker US dollar and safe-haven buying buoyed gold prices, while base... 9th January 2020 · 7 mins read
Energy Chart Pack Natural gas and coal prices to fall further in 2020 The easing of US-China trade tensions and the escalation of US-Iran geopolitical tensions has caused oil prices to surge in recent weeks. In contrast, the prices of natural gas and coal have slumped... 9th January 2020 · 6 mins read
Commodities Chart Pack December’s moves point to better times ahead The prospect of a ‘Phase One’ trade deal between the US and China buoyed commodity prices in December. Although we expect trade tensions to remain elevated, we think that most commodity prices will... 6th January 2020 · 7 mins read
Energy Chart Pack Rising supply to weigh on natural gas prices Warmer-than-expected weather, amid subdued global economic growth, put downward pressure on the prices of coal and LNG since the start of November. In contrast, the price of oil rose on the back of... 9th December 2019 · 5 mins read
Metals Chart Pack Awaiting direction Despite somewhat more encouraging economic data releases, industrial metals prices struggled to find direction in November mainly owing to the ongoing uncertainty surrounding US-China trade... 5th December 2019 · 7 mins read
Commodities Chart Pack Commodities not in party mode Commodity prices struggled to find direction in November despite the release of somewhat stronger economic data. Meanwhile, developments on the US-China trade front remained a key driver of sentiment... 3rd December 2019 · 7 mins read
Metals Chart Pack October’s price gains a false dawn A cocktail of an apparent softening of US-China trade tensions coupled with several supply outages pushed the prices of most base metals higher in October. Perhaps somewhat unusually, the price of... 6th November 2019 · 7 mins read
Energy Chart Pack Oil prices to tread water, for now Despite signs that the global economy continued to slow in October, only coal prices fell. While we expect global growth to remain subdued in the year ahead, we think that a recession will be avoided... 5th November 2019 · 5 mins read
Commodities Chart Pack October’s optimism set to fade The apparent thaw in the US-China trade dispute gave a lift to the prices of most industrial commodities in October. However, we are sceptical that a lasting resolution to the trade conflict will be... 31st October 2019 · 7 mins read
Metals Chart Pack Melancholy to persist this year After some fleeting optimism on the back of an apparent easing in US-China trade tensions in September, the recent run of weak US survey data saw demand concerns return to the fore. We think that... 3rd October 2019 · 7 mins read
Energy Chart Pack Seasonal factors to boost gas and coal prices in Q4 Energy prices diverged in September. There were strong gains in European gas and coal prices in part owing to strikes at France’s utilities at a time when seasonal demand is also picking up. Meanwhile... 3rd October 2019 · 6 mins read
Commodities Chart Pack Still too soon to turn positive Oil prices dipped in September despite the attacks on Saudi Aramco. In contrast, the prices of most other commodities increased owing to a rise in investor risk appetite. However, we expect US... 1st October 2019 · 7 mins read
Energy Chart Pack Natural gas demand to prove resilient Oil prices continued to fall last month on concerns about a slowing global economy and rising US-China protectionism, but we expect them to stabilise in the coming months given supply constraints. In... 6th September 2019 · 6 mins read
Metals Chart Pack Demand concerns to continue driving prices We expect worries about the escalating US-China trade war and prospects for the global economy to continue to drive metals prices in the coming months. Precious metals are benefitting from the... 6th September 2019 · 7 mins read
Commodities Chart Pack US-China trade war to continue to weigh on prices The escalation in US-China trade tensions led to investors becoming more risk averse, which boosted the prices of gold and silver but depressed the prices of agricultural and industrial commodities... 4th September 2019 · 7 mins read
Metals Chart Pack From bad to worse Despite sharp declines in recent days, we expect the prices of most industrial metals to fall further this year as demand falters in the wake of slower global economic growth. We are particularly... 6th August 2019 · 7 mins read