Energy Data Response US Weekly Petroleum Status Report Crude oil stocks rose sharply last week as imports and output increased and inputs to refineries fell. But product stocks declined by even more, as demand edged higher. 8th March 2017 · 1 min read
Commodities Update China’s commodity imports holding up well China’s commodity import volumes remained strong in February, despite generally higher prices. However, we are reluctant to read too much into the data given the usual seasonal distortions. 8th March 2017 · 1 min read
Commodities Weekly Commodity prices brace themselves for Fed tightening The big news this week was the ratcheting up of expectations of an imminent rate hike by the Fed, which weighed on most commodity prices. That said, the prices of US grains and soybeans rose, on... 3rd March 2017 · 1 min read
Metals Chart Pack Metals prices consolidate at a higher level The prices of some industrial metals eased back in February, but the bigger picture is that they broadly held on to the gains made in January. A combination of optimism about demand, notably in the US... 3rd March 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories increased again last week, for the eighth consecutive week. On the other hand, gasoline and distillate stocks fell. 1st March 2017 · 1 min read
Latin America Economics Update Peru: 2016 likely to be as good as it gets for the economy Peru’s economy is likely to weaken in 2017 as the one-off boost from a surge in copper production fades and a gradual tightening of policy weighs on the non-mining sector. After expanding by 3.9% in... 1st March 2017 · 1 min read
Commodities Update China’s PMIs are not all good news for commodities Both the official and unofficial February manufacturing PMIs for China surprised on the upside. However, much of the growth was driven by higher export orders, which we think are unlikely to be... 1st March 2017 · 1 min read
Commodities Chart Pack Commodities hold on to their gains, despite uncertainty Most commodity prices traded in a narrow range last month, in the absence of clarity on developments in China (owing to the Lunar New Year Holiday) and on US policy direction. That said, the price of... 1st March 2017 · 1 min read
Metals Data Response China and India’s gold imports (Jan.) The latest import data out of China and India show weak demand for gold in the two largest consumers. While China’s data could be distorted by the timing of the New Year, in India the liquidity crunch... 27th February 2017 · 1 min read
Commodities Weekly Commodities still looking for direction Commodity prices were broadly unchanged this week, aside from a few notable exceptions. Cobalt was the star performer as concerns about supply and expectations of strong demand led to a surge in... 24th February 2017 · 1 min read
Industrial Metals Update Investors remain positive, for now Optimism about demand, fuelled by a pick-up in China’s activity data and the prospect of fiscal stimulus in the US, continues to buoy investor sentiment in the industrial metals markets. However... 24th February 2017 · 1 min read
Industrial Metals Update A weak start to the year for China’s metals imports China’s metals imports were broadly weak in January. This is in line with the most recent activity data which show that the Chinese economy, while still holding up well, may have lost some momentum in... 24th February 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories increased last week, marking seven weeks of consecutive gains, though at a slower rate. On the other hand, gasoline stocks fell. 23rd February 2017 · 1 min read
Energy Watch What could Trump’s trade policies mean for energy markets? Donald Trump’s proposed restrictions and tariffs on trade could cause turmoil in both the domestic and international energy markets if enacted. This Energy Watch takes a first look at what some of the... 22nd February 2017 · 1 min read
Metals Data Response Global Steel Production (Jan.) World Steel Association (WSA) data, released this afternoon, show a 7% y/y rise in global steel output in January. Production in all major producing regions rose, which is in stark contrast to the... 21st February 2017 · 1 min read
Middle East & North Africa Chart Pack Gulf’s non-oil sectors show signs of recovery The latest activity data suggest that non-oil sectors in the two largest Gulf economies, Saudi Arabia and the UAE, are starting to recover from their slumps in early 2016. Both countries have been... 20th February 2017 · 1 min read
