Commodities Chart Pack Commodities keep their cool Commodity prices were remarkably stable in January, considering the flurry of executive orders by the new US president, Donald Trump. Data showing that China ended 2016 on a strong note was a key... 1st February 2017 · 1 min read
Metals Watch Metals to take a breather in 2017 While we had always been positive on the outlook for metals in 2016, even we were surprised by the scale of the rally. Indeed, we are now concerned that the prevailing optimism about demand for... 30th January 2017 · 1 min read
Commodities Weekly Industrials continue to do well The prices of the more industrial commodities generally fared better this week, with a few notable exceptions in nickel and palladium. Optimism about demand continues to support prices. Indeed, this... 27th January 2017 · 1 min read
Commodities Update Optimism prevails, for now For the most part, commodity prices have started the year strongly, buoyed by persistent optimism about demand and some weakness in the US dollar. However, we are concerned that, in some cases, prices... 26th January 2017 · 1 min read
Industrial Metals Update Global Steel Production (Dec. & 2016) After a weak start to the year, global steel production recovered and was growing briskly at 5.5% y/y in December, encouraged by high prevailing prices. In our view, the steel market is more than... 25th January 2017 · 1 min read
Industrial Metals Update China Industrial Metals Output Monitor (Nov./Dec.) China’s refinery output continued to grow in December, encouraged by higher prices and signs of a more general revival in the economy. However, we think optimism about demand will fade over the course... 24th January 2017 · 1 min read
Metals Data Response Global Aluminium Production (Dec. & 2016) According to the International Aluminium Institute (IAI), global primary aluminium output rose by 7.8% y/y last month, up from 3% y/y in November, led by a whopping 14.2% y/y jump in China’s... 23rd January 2017 · 1 min read
Industrial Metals Update China’s metals imports reflect mine supply trends The pattern of China’s trade in industrial metals and ores in 2016 was determined in part by trends in global mine supply. Lower mine output of some ores was a factor curbing imports, but higher US... 23rd January 2017 · 1 min read
Commodities Weekly Commodity prices take a breather The prices of most commodities eased back this week. Agricultural commodities fared slightly better, primarily on the back of weather-related concerns about supply. Data released on Friday confirming... 20th January 2017 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Dec.) China’s activity data for December show the economy finishing the year on a strong note. That said, there were signs of somewhat slower growth in output last month and the downturn in state-led... 20th January 2017 · 1 min read
India Economics Update Decent start to 2017 Financial markets in India have made a relatively bright start to 2017. The rupee and bond yields have been stable, while equities have rallied so far in January. Looking ahead however, prospects are... 19th January 2017 · 1 min read
Commodities Weekly Volatility returns to commodity markets After a quiet start to 2016, commodity markets have sprung into life. Late in the week, comments by OPEC members that they would deepen output cuts and possibly extend them until the end of 2017... 13th January 2017 · 1 min read
Commodities Weekly Commodities looking for direction It has been a quiet start to 2017 in commodity markets. Investors appear to be taking a wait-and-see approach, ahead of the inauguration of President-elect Trump and more clarity on his policy... 6th January 2017 · 1 min read
Metals Chart Pack Metals prices come off the boil in December The prices of most metals rose last year, but industrial metals substantially outperformed precious. While we had always been positive on the outlook for metals in 2016, even we were surprised by the... 5th January 2017 · 1 min read
Commodities Chart Pack Oil price rally fails to lift wider sentiment The prices of many commodities slipped back in December, despite the rise in the oil price and encouraging economic data out of China. While the falls in industrial metals may have been the result of... 3rd January 2017 · 1 min read
Metals Watch Nickel market to tighten, but will that be enough? The prospect of reduced mine supply from the Philippines was a key driver of the rally in nickel prices in the second half of 2016. However, the price of nickel still underperformed its base metal... 3rd January 2017 · 1 min read
