Commodities Weekly Metals on a roll The prices of most commodities – notably industrial metals – rose this week. While fundamentals have been supportive, we think that the most recent rallies in prices have been exaggerated by... 25th August 2017 · 1 min read
Commodities Weekly Speculators give a boost to industrial metals prices The performance of commodities was mixed this week. Softer Chinese activity and construction data for July did little to cool the rally in industrial metals prices whilst increasing geopolitical risks... 18th August 2017 · 1 min read
Commodities Weekly Rising geopolitical tension takes its toll on prices After a strong start to the week, most commodity prices fell back on Friday as concerns about the inflammatory rhetoric between the US and North Korea prompted investors to move out of riskier assets... 11th August 2017 · 1 min read
Commodities Weekly Better economic news boosts industrial commodities A sharp rise in China’s July manufacturing PMI boosted the prices of most commodities last week, but we don’t think that the upturn in China’s economic activity will be sustained, given the increasing... 4th August 2017 · 1 min read
Commodities Weekly Oil and copper lead the way This week, the prices of most commodities benefited from a further weakening of the US dollar and data showing that China’s growth accelerated in Q2. But individual fundamentals also played a role. In... 28th July 2017 · 1 min read
Commodities Weekly The weaker dollar bolsters commodities This week started on a positive note for industrial commodities with strong June activity and investment data out of China. A weaker US dollar was also supporting commodity prices, more generally... 21st July 2017 · 1 min read
Commodities Weekly All good, for now … The prices of most commodities, with the exception of agriculturals, rose this week. Data showing strong Chinese import demand gave a boost to the prices of industrials, while a further drop in US... 14th July 2017 · 1 min read
Commodities Weekly The focus will be on US policy This week started on a positive note with news that both the official and unofficial China manufacturing PMIs turned up in June. However, a bumper increase in US June non-farm payrolls on Friday... 7th July 2017 · 1 min read
Commodities Weekly Dollar weakness helping to prop up prices It has been a relatively quiet week although the prices of most commodities rose, supported by a further depreciation of the US dollar. The precious metals were the relative underperformers, perhaps... 30th June 2017 · 1 min read
Commodities Weekly Oil slides on oversupply concerns The price of Brent fell below $45 per barrel this week, reflecting investor concerns about oversupply. In contrast, the prices of most industrial metals rose, despite little in the way of positive... 23rd June 2017 · 1 min read
Commodities Weekly The losing streak continues It has been a poor week for most commodity prices. The Fed’s decision to hike interest rates on Wednesday weighed on the prices of gold and industrial metals. Oil prices continued to drop, partly due... 16th June 2017 · 1 min read
Commodities Weekly Investor sentiment continues to sour Oil prices fell again this week on persistent concerns that the market remains oversupplied. Most metals prices also slipped, despite China’s May trade data showing robust growth in commodity imports... 9th June 2017 · 1 min read
Commodities Weekly A case of the jitters hits commodity markets Oil prices have continued to fall on fears that the OPEC supply cuts will not be sufficient to clear the excess in the market. In addition, a weak May unofficial PMI reading out of China on Thursday... 2nd June 2017 · 1 min read
Commodities Weekly Oil tanks on OPEC disappointment The big story this week was the 5% drop in the oil price on Thursday, despite the fact that OPEC extended its production cuts for nine months. It appears that investors were expecting deeper cuts... 26th May 2017 · 1 min read
Commodities Weekly All eyes on OPEC Commodity markets largely shrugged off soft activity and spending data out of China this week. Indeed, speculation around the outcome of next week’s OPEC meeting kept oil prices well supported. At the... 19th May 2017 · 1 min read
Commodities Weekly Commodities shrug off this week’s news Commodity prices traded in a relatively narrow range this week, despite M. Macron’s decisive win in the French Presidential election, weak commodity trade data out of China, a drop in US oil stocks... 12th May 2017 · 1 min read
