Commodities Update Natural rubber price to hold up … for now Strong demand from China together with constrained production should support the price of natural rubber through the first half of next year. That said, we think that prices will start to fall back by... 12th November 2020 · 3 mins read
OPEC Watch OPEC Monthly Oil Market Report (Nov.) OPEC’s oil production jumped in October as Libyan output surged. But we expect that OPEC and its allies will extend their current level of supply cuts into early 2021, which will keep ex-Libya supply... 11th November 2020 · 3 mins read
Precious Metals Update Gold prices to hold up despite possible vaccine While the positive developments in finding an effective vaccine against COVID-19 have boosted investor risk appetite, we still think that gold prices will remain high in the year ahead. 11th November 2020 · 2 mins read
Commodities Update An effective vaccine will be a game-changer Reports of an imminent, and highly effective, vaccine against COVID-19 point to generally stronger commodities demand. Once there is more certainty on the vaccine, we will review our price forecasts. 11th November 2020 · 2 mins read
Energy Update Vaccine would aid oil price recovery, but risks remain News of a vaccine sent oil prices surging on Monday on the back of expectations that this will enable demand to recover more quickly than previously thought. But higher prices also increase the... 11th November 2020 · 3 mins read
Commodities Update China’s commodity imports may be normalising China’s commodity import volumes remained high in October, although they eased back from September levels. We expect import volumes to remain solid in the coming months given the strength in economic... 9th November 2020 · 2 mins read
Energy Update Fresh lockdowns to weigh on European oil demand New national lockdowns in Europe have led us to revise down our oil demand forecasts for Q4. But the decline is likely to be much smaller than in Q2, not least because the economic hit will be less... 6th November 2020 · 2 mins read
Commodities Weekly China to continue offsetting weakness elsewhere Commodity markets shrugged off the uncertainty surrounding the US election and took direction from equity markets and the US dollar this week. Most commodity prices rose as equities jumped and the... 6th November 2020 · 8 mins read
Industrial Metals Update Political gridlock will rein in any Green New Deal The apparent failure of the Democratic Party to win a ‘clean sweep’ in this week’s US election means that many of the policy initiatives and spending proposals made by presidential hopeful, Joe Biden... 6th November 2020 · 3 mins read
Energy Update Political gridlock will rein in any Green New Deal The apparent failure of the Democratic Party to win a ‘clean sweep’ in this week’s US election means that many of the policy initiatives and spending proposals made by presidential hopeful, Joe Biden... 6th November 2020 · 3 mins read
Commodities Update Political gridlock will rein in any Green New Deal The apparent failure of the Democratic Party to win a ‘clean sweep’ in this week’s US election means that many of the policy initiatives and spending proposals made by presidential hopeful, Joe Biden... 6th November 2020 · 3 mins read
Energy Update No light at the end of the tunnel for thermal coal Despite a small revival in thermal coal prices ahead of winter in the Northern Hemisphere, we doubt it will be long before they start to test historic lows again. And if, as we expect, the COVID-19... 5th November 2020 · 4 mins read
Energy Data Response US Weekly Petroleum Status Report The plunge in US commercial stocks largely reflects a hurricane-related drop in output, rather than strong demand. And with virus cases rising, demand should remain subdued in the coming weeks. 4th November 2020 · 2 mins read
Energy Update Asia LNG price rally to peter out in months ahead We suspect that the rapid recovery in Asia LNG prices will run out of road in the coming months, as supply returns and LNG cargoes are potentially diverted away from Europe. 3rd November 2020 · 2 mins read
Commodities Update Keeping a close eye on La Niña In the past, La Niña weather conditions in the Pacific Ocean have had a significant impact on agricultural crops and prices. In this Update we consider the risks that the development of La Niña over... 3rd November 2020 · 5 mins read
Commodities Update China PMIs paint positive picture for commodities China’s October PMI data add weight to our view that Chinese economic growth will continue to accelerate, even though we estimate that the economy is already back to its pre-virus trend. This will... 2nd November 2020 · 2 mins read
