Commodities Update Malaysia Monthly Palm Oil Data (Oct.) Data released earlier today by Malaysia’s Palm Oil Board show that palm oil production rose in October, helping to push inventories higher. 11th November 2015 · 1 min read
Commodities Update Brazil Sugar Production (16th Oct. – 1st Nov.) Figures released today by Brazil’s Sugarcane Industry Association, UNICA, show that 38.4 million tonnes of cane were harvested in the second half of October in the main South-Central cane-growing... 10th November 2015 · 1 min read
Industrial Metals Update Cobalt supply unlikely to keep pace with demand Demand for cobalt looks set to grow rapidly for the foreseeable future given its use in rechargeable batteries. But the supply outlook is deteriorating, suggesting scope for prices to rally strongly. 10th November 2015 · 1 min read
Energy Update What do China’s statistical revisions mean for coal prices? Whilst the latest revisions to China’s coal demand statistics raise more questions about the reliability of official data, we don’t think they change the big picture of falling coal demand and weaker... 10th November 2015 · 1 min read
Energy Update What does the Keystone XL veto mean for oil prices? The recently-vetoed Keystone XL pipeline would have provided a relatively cheap means for Canadian producers to transport oil to refineries in the US where it could be processed for sale. As such, the... 9th November 2015 · 1 min read
Global Markets Update Markets look set to take first Fed rate hike in their stride The relatively calm reactions to Friday’s strong US employment report support our view that the gradual return of US interest rates towards more normal levels is unlikely to be the seismic shock that... 9th November 2015 · 1 min read
Metals Data Response US silver imports and exports (Aug.) US exports of semi-manufactured silver remained subdued in August, suggesting that global industrial demand is yet to recover. Meanwhile, investors continued to buy into falling prices, boosting... 9th November 2015 · 1 min read
Commodities Update China’s trade data provide some grounds for optimism While the headlines have focused on the falls in export and import values, China’s trade data actually show commodity import volumes holding up well. What’s more, the record trade surplus will support... 9th November 2015 · 1 min read
Precious Metals Update Hit to gold and silver prices from Fed hike to be short-lived In the wake of the strong US employment report we are reinstating the dips in gold and silver priceswe had previously forecast for the end of Q3. Nonetheless, we continue to expect both metals... 6th November 2015 · 1 min read
Precious Metals Update Is the renewed interest in bitcoin a serious threat to gold? The recent weakness in the price of gold has coincided with a surge in the price of bitcoin, prompting a few to suggest that the electronic currency is again challenging the precious metal as a... 6th November 2015 · 1 min read
Commodities Update Rising incomes remain key to China’s future food demand The end of China’s one-child policy raises a number of questions about future demand for agricultural commodities. However, we think that economic growth and rising incomes will remain the key... 6th November 2015 · 1 min read
Precious Metals Update Global central banks continue to add gold to their reserves Global central banks increased their gold reserves in September, with China and Russia once again particularly active. We expect further official purchases to continue to be one of several factors... 6th November 2015 · 1 min read
Precious Metals Update Will Lonmin’s call for cash impact PGM prices? Under pressure from labour unrest, rising costs and weak platinum prices, Lonmin said this week that it will cease trading if its plan to raise capital in a rights issue of new shares is unsuccessful... 5th November 2015 · 1 min read
Metals Data Response Indonesia Tin Exports (Oct.) Indonesia’s tin exports rose strongly in October, but we expect volumes to drop sharply from November as new export regulations take effect. Lower Indonesian production and exports next year should be... 5th November 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks rose once again last week. However, despite an increase in crude production, the stock build was much smaller than the previous week’s, as refinery inputs continued to pick up and... 4th November 2015 · 1 min read
Metals Chart Pack Fed inaction drives gold and silver prices lower The performance of the major precious metals continued to diverge in October. While the platinum price was buoyed by strong euro-zone auto sales, gold and silver prices remained tied to the... 4th November 2015 · 1 min read
