Commodities Chart Pack It’s all about the dollar Commodity prices rose again in April on a combination of persistent weakness in the US dollar and investor optimism about a recovery in Chinese demand. While our long-held view has been that... 3rd May 2016 · 1 min read
Energy Chart Pack Oil leads the way up Oil prices continued to rally in April as sentiment improved further on the back of hopes that the oil market will rebalance later in the year. Indeed, better economic data out of China supported the... 29th April 2016 · 1 min read
Commodities Weekly Almost all news is good news Commodities rallied further in the past week, notably oil, helped by positive investor sentiment and further dollar weakness. Gold and (particularly) silver were again among the biggest gainers... 29th April 2016 · 1 min read
Commodities Outlook Medium-term prospects remain bright The recent rebounds in many commodity prices have been stronger than even we had anticipated and may be premature. We would not therefore be surprised – or that worried – to see some temporary pull... 29th April 2016 · 1 min read
Latin America Chart Pack Conditions improve, but activity remains depressed The latest activity data from across Latin America have been encouraging, but the bigger picture is that the region’s economy is still struggling. Industrial and retail output in Brazil fell at a... 28th April 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose again last week despite a slump in net-imports and another small decline in US oil production. 27th April 2016 · 1 min read
Industrial Metals Update Investors cannot ignore oversupply of iron ore much longer The large speculative element in the recent rally in iron ore prices suggests that prices are especially vulnerable to any waning in the enthusiasm of Chinese investors, perhaps prompted by a further... 27th April 2016 · 1 min read
Latin America Economics Update Peru’s copper boom set to continue Surging copper production will continue to boost GDP growth in Peru over the next couple of years and, while growth is likely to ease in 2018 as mining output stabilises, we expect a recovery in other... 27th April 2016 · 1 min read
Metals Watch Autocatalyst demand to boost PGM prices In other publications we have addressed at length how falling mine supply should boost platinum group metals (PGMs) prices. But this is only part of the story. Developments on the demand side are... 26th April 2016 · 1 min read
Metals Watch Has the rally in zinc prices got further to go? In recent years, zinc has periodically been a favourite of investors, based on the premise of falling supply as a result of mine closures. However, earlier price rallies have fizzled out, primarily... 26th April 2016 · 1 min read
Metals Data Response China and India’s gold imports (Mar.) Gold imports by both China and India slumped in the first quarter. While imports have been undeniably weak so far in 2016, we expect buying to pick up later in the year in part due to the release of... 26th April 2016 · 1 min read
China Economics Update When will pork price inflation peak? Pork price inflation in China surged in March, bringing echoes of 2007 and 2011, when spikes in pork prices caused headline consumer price inflation to jump above 6%. However, we think the upward... 26th April 2016 · 1 min read
Emerging Europe Chart Pack Oil rally helps to lift pessimism over Russia Some of the gloom surrounding Russia’s economy seems to have lifted over the past month. The rise in oil prices has triggered a rally in local financial markets – the ruble is up by 12% against the... 25th April 2016 · 1 min read
Commodities Weekly Investor enthusiasm drives prices higher The prices of almost all commodities have risen this week, fuelled by the ongoing improvement in investor sentiment and renewed weakness in the US dollar. The rally in oil prices was perhaps somewhat... 22nd April 2016 · 1 min read
Commodities Update A mixed bag for Chinese agricultural imports in Q1 The detailed Chinese import data for March indicate that import demand picked up for some agricultural commodities in the first quarter of the year. Yet imports of some other commodities continued... 21st April 2016 · 1 min read
Energy Update Will Saudi Arabia flood the oil market again? Looking beyond the headlines from the failed deal in Doha over the weekend there are two interesting points which are worth considering. First, the suggestion that Saudi Arabia could turn on the taps... 21st April 2016 · 1 min read
