Metals Chart Pack Supply concerns provide price support, for now The prices of industrial metals generally held on to year-to-date gains in March, due to supply fears coupled with investor optimism around a successful resolution to US-China trade talks. Even if a... 3rd April 2019 · 1 min read
Energy Chart Pack Shaky fundamentals to derail oil price rally Oil prices saw their strongest quarterly gain in almost ten years in Q1 2019. However, we expect that this recent upturn will begin to subside and that the fundamentals of elevated US supply and... 2nd April 2019 · 1 min read
Commodities Chart Pack Energy price divergence to unwind The prices of most commodities struggled to find direction in March, although oil made some further gains. If a US-China trade deal is signed in April, prices may revive but we suspect that any rally... 1st April 2019 · 1 min read
Energy Chart Pack Boost to oil from lower supply unlikely to last The price of oil continued to climb in February as the US and China inched towards a trade deal, and Saudi Arabia announced that it would cut output further. However, we still think that prices will... 6th March 2019 · 1 min read
Metals Chart Pack Risk appetite likely to fade Increasing signs of a US-China trade deal prompted a return of risk appetite and led to the prices of many industrial metals hitting multi-month highs and a sell-off in gold and silver. However, even... 6th March 2019 · 1 min read
Commodities Chart Pack Boost from trade talks to prove temporary Oil and industrial commodity prices rose in February on hopes of a US-China trade deal. However, even if there is a deal, we forecast that prices will fall back owing to lower demand as global... 28th February 2019 · 1 min read
Metals Chart Pack Widespread rally, but too good to last Prices of base and precious metals, along with iron ore, have risen robustly so far in 2019 but we believe that prices will diverge sooner rather than later. We expect the prices of industrial metals... 5th February 2019 · 1 min read
Energy Chart Pack Oil output cuts are working, for now The price of oil rose strongly in January and is likely to remain supported in the coming months by the OPEC+ output cuts and the risk of severe disruption to Venezuela’s production. However, we think... 4th February 2019 · 1 min read
Commodities Chart Pack New year bounce to lose momentum Signs that the Fed was adopting a more dovish tone weighed on the US dollar in January, but boosted the prices of riskier assets, including commodities. However, we expect signs of slower global... 1st February 2019 · 1 min read
Metals Chart Pack Gold to remain the star performer We suspect that there will be further falls in industrial metals prices as global economic growth slows and investors continue to flee from riskier assets. That said, economic and financial... 4th January 2019 · 1 min read
Energy Chart Pack Energy prices remain under pressure Oil prices continued to fall last month and we expect them to remain subdued given that, for now at least, the market is more than comfortably supplied. That said, the production cut announced by OPEC... 3rd January 2019 · 1 min read
Commodities Chart Pack More of the same in 2019 Clear signs of a slowdown in China’s economy, coupled with falls in global equity markets, weighed on the prices of most energy and industrial commodity prices in December. In contrast, the prices of... 2nd January 2019 · 1 min read
Energy Chart Pack Surging supply weighs on oil prices Oil prices slumped in November as rising production in the US, Russia and Saudi Arabia prompted fears of oversupply. The market is now hoping that OPEC and its allies will agree to cut output, which... 6th December 2018 · 1 min read
Metals Chart Pack Slowing Chinese growth does not bode well for prices Steel and iron ore prices fell precipitously in November, as the reality of slowing Chinese demand growth finally filtered through into softer prices. We think that global demand will continue to... 5th December 2018 · 1 min read
Commodities Chart Pack Demand concerns to the fore We continue to expect that slower economic growth in two of the largest consuming economies – the US and China – will weigh on commodity prices in 2019, even if China and the US manage to reach an... 3rd December 2018 · 1 min read
Metals Chart Pack Precious outperform base After strong gains in September, most base metals prices fell in the past month, as global growth concerns made investors more risk averse. Against this backdrop, precious metals generally gained... 6th November 2018 · 1 min read
