Metals Data Response Global Steel Production (Mar.) The strength of global steel production in the first quarter looks unsustainable given that we think global economic activity will remain subdued. What’s more, high iron ore prices are undermining... 29th April 2019 · 1 min read
Metals Data Response China and India Gold Imports (Mar.) While the latest trade data suggest that Indian demand for gold strengthened further in March, China’s imports remained in the doldrums. Despite the fact that both countries’ imports were probably... 29th April 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A surge in net imports and the recovery in domestic production led crude stocks higher last week. However, we expect stocks to start to be drawn down in the coming weeks as the refinery maintenance... 24th April 2019 · 1 min read
Metals Data Response Global Aluminium Production (Mar.) Power problems and weak prices have held back aluminium output so far this year. But we think that rising capacity and lower raw material costs will cause production to rise in the coming months. 23rd April 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report The collapse in US net imports drove crude oil stocks lower last week. We expect further slides in crude stocks as the maintenance season for refineries ends. 17th April 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report The decline in net imports was one reason why US crude stocks surged again this week. However, we don’t think that this trend will continue as we expect the maintenance season for refineries to end... 10th April 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Jumps in net imports and US production meant that US crude stocks showed a stellar build this week. However, we expect that stocks will fall in the months ahead as refineries come back online. 3rd April 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose this week as the refinery rate ticked down and net imports picked up. We don’t think that this trend will continue as we believe that OPEC exports to the US will continue to fall. 27th March 2019 · 1 min read
Metals Data Response Global Steel Production (Feb.) Today’s data show that rising Chinese output led to robust global production growth in February, but we think weak demand and high iron ore prices mean that steel mills will cut output sooner rather... 26th March 2019 · 1 min read
Metals Data Response China and India Gold Imports (Feb.) Even looking through the Lunar New Year distortions to China’s imports, the latest trade data still point to very weak gold demand from India and China in February. While China and India’s imports are... 26th March 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US stocks slumped again. The drivers were an increase in the refinery rate and a huge jump in exports. What’s more, this occurred despite production rising. We expect that as refineries come out of... 20th March 2019 · 1 min read
Metals Data Response Global Aluminium Production (Feb.) Global aluminium production has stuttered so far in 2019, but we think that this will merely be a lull, as new capacity comes on stream and pollution controls end in China. 20th March 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks fell sharply and we expect them to continue to fall in the coming weeks as refineries come out of maintenance. However, higher refinery activity should also start to stabilise gasoline... 13th March 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks jumped, largely owing to an increase in net imports. In contrast, product stocks fell, which is partly a seasonal phenomenon but does suggest that US consumer demand is holding up well... 6th March 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude inventories recorded a significant draw, which was impressive considering US production continued to tick up and is now at a record-high. 27th February 2019 · 1 min read
Metals Data Response Global Steel Production (Jan.) Today’s data show global steel output stuttered out of the starting blocks at the beginning of 2019 and we expect output growth to remain lacklustre this year. 26th February 2019 · 1 min read
