Commodities Weekly Energy supply concerns take a back seat… for now Energy markets took centre stage this week as demand concerns outweighed supply concerns, dragging prices down. Even the decision by OPEC+ on Monday to cut oil output quotas for October by 100,000 bpd... 9th September 2022 · 6 mins read
Commodities Weekly Supply concerns take a back seat, for now Growing fears about demand hit all commodity groups hard this week as China tightened restrictions in response to renewed virus outbreaks. Energy prices took a big leg down from their highs reached... 2nd September 2022 · 6 mins read
Commodities Weekly Natural gas and coal prices to stay higher for longer We’ve raised our near-term natural gas and coal price forecasts across the board this week to account for the recent slump in Russian natural gas exports to Europe, the likelihood that those exports... 26th August 2022 · 6 mins read
Commodities Weekly Natural gas price knows no bounds It was another week of soaring natural gas prices as LNG demand from Asia appears to have picked up and the energy crisis in Europe deepens by the day. Ultra-dry and hot weather across Europe is... 19th August 2022 · 6 mins read
Commodities Weekly Pressure from rising Treasury yields likely to resume This week the prices of most commodities got a boost as investors pared back expectations for rate hikes in the US, following lower than expected inflation data. That said, we still expect a further... 12th August 2022 · 6 mins read
Commodities Weekly Oil prices fall, but supply risks remain In a week of relative financial market calm, there was a pause in the large, sentiment-driven swings that have characterised most commodity prices in recent weeks. Instead, prices seemed to take... 5th August 2022 · 6 mins read
Commodities Weekly Prices rally, but room for further gains is limited The prices of most commodities across energy, metals and agriculturals rose this week. The common driver was investors dialling back their expectations of the aggressiveness of US monetary policy... 29th July 2022 · 6 mins read
Commodities Weekly Dollar strength likely to return and weigh on prices It was a more positive week for prices, in large part owing to some softness in the US dollar. Otherwise, the news was not particularly positive for prices given the ECB’s surprise decision to hike... 22nd July 2022 · 6 mins read
Commodities Weekly Demand fears in the driving seat, for now Most commodity prices fell this week as global monetary tightening and fears about economic growth intensified. The high June inflation reading in the US nails on another large rate hike at the FOMC’s... 15th July 2022 · 6 mins read
Commodities Weekly Strong US dollar to remain a headwind for prices There was no clear direction in commodity prices this week, even within the same types of commodities. The takeaway is that commodity prices were dancing to their own tunes. Take energy, for example... 8th July 2022 · 6 mins read
Commodities Weekly Demand concerns to weigh on prices for a while yet Prices struggled to find direction this week as concerns about demand deepened at a time of still constrained supply of many commodities. The price of Brent crude fell sharply on Thursday in response... 1st July 2022 · 5 mins read
Commodities Weekly Non-energy prices only have so much more to fall Most commodity prices fell this week as demand concerns picked up due to ongoing monetary policy tightening by major central banks. Speaking to the US Senate Banking Committee on Wednesday, Federal... 24th June 2022 · 6 mins read
Commodities Weekly Supply concerns to dominate in gas markets European natural gas prices surged this week on renewed supply concerns, as Russia once again cut gas supplies to Europe and the US Freeport LNG export facility closed for six months. The huge price... 17th June 2022 · 6 mins read
Commodities Weekly Lockdowns are only part of China’s subdued demand The supply risks associated with the war in Ukraine have not gone away, but there has been more market attention in recent weeks on the outlook for commodities demand. In the very near term, the... 10th June 2022 · 6 mins read
Commodities Weekly Waiting for clarity on the EU’s oil import embargo A persistent theme in energy markets is uncertainty about the outlook for the EU’s imports of energy from Russia. It does appear that some sort of embargo of oil imports will be announced, maybe as... 27th May 2022 · 6 mins read
Commodities Weekly Easing of lockdown lifts metals prices, for now… The prices of many industrial metals (IM) picked up this week on news of an easing of COVID-19 restrictions in China. However, we think weak demand and improved supply in China will send IM prices... 20th May 2022 · 6 mins read
