Metals Data Response China and India Gold Imports (Jan.) The latest trade data for India and China were a mixed bag. On the one hand, China’s gold imports bounced back, pointing to strong demand ahead of the New Year holiday. On the other hand, India’s... 27th February 2018 · 1 min read
Metals Data Response Global Steel Production (Jan.) World Steel Association (WSA) data showed a 0.8% y/y increase in global steel production in January led by higher output in the EU, India and Turkey. US production remained weak, which is one reason... 26th February 2018 · 1 min read
Metals Data Response Global Aluminium Production (Jan.) Global aluminium output continued to grow strongly in January, led by increases in China and other Asian countries. With no apparent shortage of supply, we expect prices to ease back in 2018. 26th February 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil slumped last week. However, this was mainly due to a drop in net imports which are notoriously volatile. As such, we think that stocks could rebound in the coming weeks, which... 22nd February 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of both crude oil and gasoline rose again last week. Meanwhile, production in the US continued to grow. We expect the surge in US output to push the market back into a surplus this year... 14th February 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Production increased dramatically last week, mainly due to revisions to the historical data. However, output is growing much more quickly than many expected which should continue to put downward... 7th February 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A slump in demand for oil from refineries and another increase in production combined to boost US crude inventories last week for the first time since mid-November. At least part of the recent surge... 31st January 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report The fall in crude stocks last week was overshadowed by rising US output, lower refinery runs and ballooning gasoline inventories. Indeed, US oil production is now within touching distance of 10m bpd... 24th January 2018 · 1 min read
Metals Data Response Global Steel Production (Dec. & 2017) World Steel Association (WSA) data showed a 3.9% y/y increase in global steel production in December and a 5.3% rise in 2017 as a whole. Expectations that the capacity closures in China would prompt a... 24th January 2018 · 1 min read
Metals Data Response Global Aluminium Production (Dec. & 2017) Global aluminium output bounced back last month, led by a jump in China’s production. It seems likely that refineries ramped up output to benefit from high prices and the capacity closures in parts of... 22nd January 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A larger-than-expected draw in crude stocks last week is somewhat at odds with the rebound in production and fall in refinery runs. But what is clear is that gasoline stocks have continued to build on... 18th January 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks continued to fall last week but product stocks have increased sharply since November as demand from refineries has not been matched by higher product consumption. This may pressure... 10th January 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Persistent strength in demand from refineries and an increase in exports pushed US crude stocks lower last week. However, petroleum product stocks jumped as demand plummeted during the holiday season... 4th January 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks fell sharply again last week as refineries churned out more products and net imports dropped back. However, stocks of petroleum products are still rising meaning that some refineries... 20th December 2017 · 1 min read
Metals Data Response Global Steel Production (Nov.) World Steel Association (WSA) data showed a 3.7% y/y increase in global steel production in November and a 5.2% rise in the year-to-date with all major steel-producing countries recording increases... 20th December 2017 · 1 min read
Metals Data Response Global Aluminium Production (Nov.) The latest output data for November point to a tighter aluminium market. We had always expected this to happen as the planned closures in China began last month. However, growth in demand has also... 20th December 2017 · 1 min read
