Commodities Weekly Commodity price rally stalls The prices of many industrial commodities, including oil, fell this week despite the ongoing depreciation of the US dollar. The dollar was volatile, but ended the week lower. On Thursday, the... 19th January 2018 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Dec.) China’s activity and investment held up well in December, although growth was markedly slower than earlier in the year. We expect the slowdown to continue in the coming months. 19th January 2018 · 1 min read
Industrial Metals Update Stock movements point to a tighter zinc market A surge in cancelled warrants on LME stocks can explain some of the rally in the price of zinc. That said, inventories of most other metals have risen over the last month, suggesting markets are amply... 15th January 2018 · 1 min read
Commodities Weekly Commodities shrug off weak Chinese imports The prices of most commodities edged higher this week. Industrial metals rallied despite Chinese trade data showing that domestic demand had weakened at the end of 2017. Meanwhile, heightened... 12th January 2018 · 1 min read
Metals Watch Have we got too excited about EVs? Electric vehicle sales have skyrocketed over the past few years. As a result, the sector has become a growing source of demand for metals. In this Metals Watch, we look at the latest trends in... 11th January 2018 · 1 min read
Commodities Weekly A cautious start to the year The prices of most commodities trended higher this week, supported by a weaker US dollar. Falling US stocks and heightened geopolitical risk pushed the oil price higher. In contrast, industrial metals... 5th January 2018 · 1 min read
Industrial Metals Update Aluminium still in comfortable supply Aluminium production in China is likely to continue to fall over the next few months as the Chinese authorities impose output cuts. While this would give the impression of a tighter market, Shanghai... 5th January 2018 · 1 min read
Metals Chart Pack Industrials outperform precious metals in 2017 The prices of most metals rallied in 2017, bolstered by strong Chinese economic growth, a weaker dollar and, in some cases, supply concerns. But, overall, industrial metals outperformed precious... 4th January 2018 · 1 min read
Metals Data Response Global Steel Production (Nov.) World Steel Association (WSA) data showed a 3.7% y/y increase in global steel production in November and a 5.2% rise in the year-to-date with all major steel-producing countries recording increases... 20th December 2017 · 1 min read
Metals Data Response Global Aluminium Production (Nov.) The latest output data for November point to a tighter aluminium market. We had always expected this to happen as the planned closures in China began last month. However, growth in demand has also... 20th December 2017 · 1 min read
Industrial Metals Update Lower stocks justify some of the strength in prices Total exchange stocks of most metals fell in 2017 on a combination of constrained supply and solid growth in China’s demand in the first half of the year. We expect stocks to build over the course of... 18th December 2017 · 1 min read
Commodities Weekly Metals return to the party It has been a good week for industrial metals, with prices rising on the back of data showing relatively stable industrial activity and solid growth in investment spending in China. The Fed’s rate... 15th December 2017 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Nov.) China’s latest activity and investment data point to more subdued metals demand than earlier in the year. Despite curbs on supply, we still think prices are reflecting undue optimism about demand. 14th December 2017 · 1 min read
Metals Chart Pack Metals starting to look vulnerable The prices of most metals fell in November, reflecting concerns about somewhat softer economic data out of China. The outlier was the ferrous sector, where prices surged on the prospect of Chinese... 5th December 2017 · 1 min read
Metals Watch Copper supply not a problem, for now There has been much chatter about an imminent tightening in the copper market, partly as a result of a shortfall in supply but also because of strong demand growth associated with the green economy... 5th December 2017 · 1 min read
Industrial Metals Update Will India’s steel industry continue to boom? India has experienced a period of uninterrupted growth in steel production for more than a decade, unmatched by any other major producer. But the country faces challenges in creating a competitive... 1st December 2017 · 1 min read
