Industrial Metals Update What next for tin? The price of tin has risen since the start of the year in large part owing to temporary bottlenecks. However, we think the price gains will prove sustainable given more long-term constraints on supply... 8th June 2016 · 1 min read
Industrial Metals Update Stocks look comfortable, for now Exchange stocks of most metals have been falling. The exceptions are lead and tin stocks which have jumped recently, from a low starting point. The ease with which stocks of these two metals have been... 6th June 2016 · 1 min read
Commodities Weekly When bad news is good news… Metals prices bounced on Friday, led by silver, gold and copper, as the downbeat US payrolls report quashed expectations of a summer rate hike by the Fed and dragged the dollar lower again. This... 3rd June 2016 · 1 min read
Metals Chart Pack Investors turn more cautious The prices of almost all the industrial metals fell in May. A combination of an upward revision to US interest rate expectations, a stronger US dollar and renewed concerns about China’s demand weighed... 3rd June 2016 · 1 min read
Industrial Metals Update Cobalt prices should benefit from strong demand We have been positive on the outlook for cobalt demand for some time but, if anything, prospects are continuing to improve. Lithium-ion batteries, the majority of which contain cobalt, are rapidly... 31st May 2016 · 1 min read
Commodities Weekly Rising oil doesn’t necessarily lift all prices Oil prices have continued to recover, with Brent at least briefly topping $50, but this positivity was not replicated across the board. Indeed, the recovery in oil probably contributed to the weakness... 27th May 2016 · 1 min read
Metals Watch High stocks to weigh on the nickel price, for now Having underperformed in the first quarter, the price of nickel surged in April, only to fall back more recently. The rally did, however, raise the question of whether the four-year long downturn in... 25th May 2016 · 1 min read
India Chart Pack PM Modi's first two years end on a high note Two years on from his inauguration, Prime Minister Narendra Modi has arguably just enjoyed his most successful month in office. For a start, PM Modi's BJP secured two important legislative victories... 25th May 2016 · 1 min read
Industrial Metals Update Turning bearish on lead demand Back in February we said that we were cautiously positive on lead demand this year and next. While we remain confident about a tighter supply outlook, we now believe that lead’s demand prospects are... 23rd May 2016 · 1 min read
Industrial Metals Update China’s metals import demand remained strong in April The volume of China’s metals imports generally eased back last month from their March highs, but were still buoyant. With copper stocks starting to fall, signs of a cyclical pick-up in the economy and... 23rd May 2016 · 1 min read
Commodities Weekly Fed jitters take some of the steam out of the rally Commodity prices fell back in the past week after the release of the minutes from the April FOMC signalled that US interest rates could yet rise as soon as next month. The markets are still only... 20th May 2016 · 1 min read
Metals Data Response Global Steel Production (Apr.) World Steel Association (WSA) data, released this afternoon, show that global steel output rose by 0.5% year on year in April. However, after sharp falls in January and February, global steel output... 20th May 2016 · 1 min read
Metals Data Response Global Aluminium Production (Apr.) According to the International Aluminium Institute, global primary aluminium output declined by 0.6% y/y in April. But the headline figure does not tell the whole story. Indeed, apart from in the US... 20th May 2016 · 1 min read
Industrial Metals Update Is the rally in US steel prices sustainable? The price of steel in the US market has surged recently but it could be yet another commodity where premature price rises encourage additional supply. We caution that prices may fall from here as... 18th May 2016 · 1 min read
Commodities Weekly Oil up on supply outages, metals down on demand fears The stronger US dollar and renewed concerns about the robustness of the credit-led recovery in China’s economy weighed on metals prices this week. However, oil benefited from the disruptions to supply... 13th May 2016 · 1 min read
Commodities Watch Commodities Watch - WASDE more bearish than bullish for agriculturals In this new monthly publication, we intend to focus on key developments in agricultural commodities as well as draw on the more in-depth analysis from our Energy and Metals services. This month, we... 13th May 2016 · 1 min read
