Commodities Weekly Oil market in wait-and-see mode The prices of industrial metals surged again this week, in large part due to investor buying. In contrast, the price of gold fell further as the dollar appreciated and the minutes of the November FOMC... 25th November 2016 · 1 min read
Industrial Metals Update Weakness in China’s metals imports could prove temporary China’s metals imports remained subdued in October as higher dollar prices and some further depreciation of the renminbi weighed on volumes. 25th November 2016 · 1 min read
India Chart Pack Anti-corruption drive has further to run The government’s shock demonetisation announcement earlier this month was its boldest measure yet to tackle corruption and formalise large parts of the shadow economy, but it is unlikely to be the... 24th November 2016 · 1 min read
Metals Data Response Global Steel Production (Oct.) World Steel Association (WSA) data, released this afternoon, show a 3.3% y/y rise in global steel output in October, as higher Asian output more than offset lower production at US steelmakers. After a... 21st November 2016 · 1 min read
Industrial Metals Update China Industrial Metals Output Monitor (Sep./Oct.) China’s refinery output continued to grow in October, bolstered by rising prices. However, we think producers are overestimating demand, in which case production could fall back in coming months. 21st November 2016 · 1 min read
Metals Data Response Global Aluminium Production (Oct.) According to the International Aluminium Institute (IAI), global primary aluminium output rose by 1.5% y/y in October, boosted by higher y/y production in India, China and Russia. 21st November 2016 · 1 min read
Commodities Weekly Commodities take stock After last week’s wild swings, the prices of most commodities stabilised this week. That said, positive comments from OPEC and Russian officials on the prospects for output cuts gave oil prices a... 18th November 2016 · 1 min read
Industrial Metals Update Trump victory proves divisive Industrial metals prices were already rising ahead of Donald Trump’s election to the US Presidency, but his victory appeared to provide new grounds for optimism as markets focussed on his plans for... 17th November 2016 · 1 min read
Commodities Update Investors turn positive on metals The prices of industrial metals have risen strongly in the last month on optimism about demand and a surge in investor buying. In contrast, sentiment has turned negative in the oil market as investors... 15th November 2016 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Oct.) China’s industrial production held steady in October, but metals-intensive sectors continued to do well and there was a sharp rebound in construction starts. That said, our analysis suggests that the... 14th November 2016 · 1 min read
Commodities Weekly Commodities swing wildly on Trump victory Although the prices of industrial commodities initially plunged and gold rose on the news of Donald Trump’s victory in the US election, sentiment reversed very quickly as the President-elect Trump... 11th November 2016 · 1 min read
Commodities Update Trump rally may be a triumph of hope over reality Commodity markets seem to believe US President-elect Trump will quickly deliver the one thing that he probably can’t – a surge in infrastructure spending – and are ignoring all the bad stuff that... 11th November 2016 · 1 min read
Industrial Metals Update A note of caution on the rally in copper prices Yesterday, the US dollar price of copper shrugged off the uncertainty created by the surprise victory for Donald Trump in the US Presidential election and rose by another 3%. But while the... 10th November 2016 · 1 min read
Commodities Update China’s commodity imports dip in October China’s commodity import volumes declined last month, despite signs of a pick-up in activity data. We think this reflected disruptions caused by the week-long holiday, higher commodity prices and some... 8th November 2016 · 1 min read
Commodities Weekly US election taking centre-stage Energy and agricultural prices took a tumble this week, but for the most part industrial and precious metals performed well. Although the dollar fell, the depreciation was driven by uncertainty over... 4th November 2016 · 1 min read
Metals Chart Pack Industrials continue to outperform The strength of the US dollar and the likelihood that the Fed will raise interest rates next month weighed on the prices of most metals, but notably precious, in October. That said, some industrial... 2nd November 2016 · 1 min read
