Energy Data Response US Weekly Petroleum Status Report Another fall in US crude stocks means that inventories are now about 30 million barrels below last year’s level. Crude stocks are likely to continue to fall over the next few months as demand remains... 23rd August 2017 · 1 min read
Latin America Economic Outlook Recovery to strengthen over coming year After a torrid couple of years, the economies of Latin America have turned a corner and we expect growth to strengthen over the rest of 2017 and into 2018. Inflation has fallen in most countries and... 23rd August 2017 · 1 min read
Industrial Metals Update No shortage of tin now! The ongoing surge in ShFE tin stocks was the main story in the last month. In fact, inventories of most ShFE metals have risen in the last four weeks, while stocks of nearly all the LME metals have... 23rd August 2017 · 1 min read
Asia Chart Pack Will other central banks follow Bank Indonesia? Despite the current subdued rates of inflation across most of Emerging Asia, we don’t expect many of the region’s central banks to copy Bank Indonesia, which yesterday surprised markets by cutting... 23rd August 2017 · 1 min read
Energy Watch Growing supply will limit any gains in oil prices this year Crude oil prices have risen over the last month as demand has picked up and stocks have tumbled. However, supply, especially from Nigeria, Libya and the US has risen rapidly. This Energy Watch looks... 23rd August 2017 · 1 min read
Commodities Focus What are the implications of geopolitical risk for commodities? The increasing frequency of terrorist attacks and international conflicts has prompted a spike in geopolitical risk in recent years. We find that, among commodities, gold and Brent offer the best... 22nd August 2017 · 1 min read
Commodities Update North Korea sanctions should not have much market impact Some commentators are justifying the recent surge in a number of industrial commodity prices on the prospect of lower available supply as a result of the latest sanctions on North Korea. However, we... 21st August 2017 · 1 min read
Metals Data Response Global Aluminium Production (Jul.) According to the International Aluminium Institute (IAI), global primary aluminium output rose by just 1% y/y last month, down from 7.1% y/y a month earlier. 21st 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
Energy Update Brent backwardation should help to reduce oil stocks The recent backwardation in the Brent futures curve will encourage traders to continue to draw down stocks over the next few months, which should support spot prices. 17th August 2017 · 1 min read
Commodities Watch Bittersweet year for sugar The price of sugar has plummeted by 33% since the start of the year on expectations of a global surplus in the 2017/18 season (October-September). In this Commodities Watch, we discuss recent trends... 17th August 2017 · 1 min read
Commodities Update Commodities weather the storm Commodity prices held their own in the last month amid the escalation in geopolitical tensions involving the US and North Korea. The depreciation of the US dollar helped to support prices, along with... 16th August 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Persistent strength in refinery runs led to the biggest weekly decline in commercial crude oil inventories so far this year. We expect stocks to continue to fall, which should support oil prices. 16th August 2017 · 1 min read
Industrial Metals Update Iron ore’s last hurrah? The price of iron ore has staged an impressive rally since late June, fuelled by a combination of strong growth in China’s steel output and speculative activity. However, with steel demand and... 15th August 2017 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Jul.) China’s July activity and investment data showed a marked downturn and reversed most of the gains recorded towards the end of the second quarter. We had always expected policy tightening to translate... 14th 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
