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
Energy Chart Pack Oil slumps as supply fears fade Oil prices plummeted in October on the back of clear signs of a pick-up in supply, rising US crude stocks and concerns about slower global growth. US sanctions on Iran’s oil may bolster prices in the... 2nd November 2018 · 1 min read
Commodities Chart Pack Sugar on a real high, but oil prices slump Commodity prices, including oil, fell on concerns about softer economic growth and some appreciation of the US dollar. We expect a weaker demand outlook to continue to weigh on the prices of the more... 1st November 2018 · 1 min read
Metals Chart Pack Demand weakness means rally is on borrowed time Metal prices rebounded strongly in September, in a relief rally, as the latest round of US-Chinese tariffs were lower than initially feared. However, slower growth in Chinese manufacturing and the... 5th October 2018 · 1 min read
Energy Chart Pack Oil at a four-year high Oil prices have surged in the last month as the market priced in a slump in Iran’s production due to the re-imposition of US sanctions. However, there are now clear signs of weaker demand, which... 5th October 2018 · 1 min read
Commodities Chart Pack Industrial commodities rally, but too good to last Commodity prices jumped in the second half of the month despite a stronger US dollar. Concerns about Iranian production and news that OPEC didn’t increase output at one of its technical meetings meant... 2nd October 2018 · 1 min read
