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
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
Commodities Weekly A Biden victory would have little impact on prices A lack of any detail in China’s Five-Year Plan and concerns about virus lockdown measures weighed on the prices of industrial metals this week. It now looks as though we will have to wait until Match... 30th October 2020 · 7 mins read
Energy Outlook Prices to rebound in line with the economic recovery Energy demand and prices have continued to recover from their virus-induced lows, but they remain depressed. However, we expect the revival in energy demand to pick up pace in 2021 as developed... 28th October 2020 · 18 mins read
Metals Outlook China-led rally is running out of road Industrial metals prices have been among the biggest beneficiaries of the stimulus-fuelled recovery in China’s economy. But given how far prices have risen already, and that we think demand outside of... 26th October 2020 · 19 mins read
Commodities Weekly All eyes on China’s Five-Year Plan Data showing that the Chinese economy continued to rebound last quarter and that growth was accelerating heading into Q4 gave a lift to most industrial metals prices this week. Given China’s share of... 23rd October 2020 · 7 mins read
Commodities Outlook Recovery to continue, but a bull run is unlikely Commodity prices will continue to benefit from the stimulus-fuelled recovery in China’s economy over the next year. At the same time, a gradual revival in growth in advanced economies should give a... 22nd October 2020 · 23 mins read
Commodities Weekly A pause for breath After a rollercoaster few weeks, it was a more muted affair for commodity markets this week. Indeed, there was little in the way of big price moves, which we think reflects a couple of factors. First... 16th October 2020 · 7 mins read
Energy Data Response US Weekly Petroleum Status Report The suspension of production in the Gulf of Mexico ahead of Hurricane Delta largely explains the decline in US crude stocks last week. But most of this production has already been restarted and the... 15th October 2020 · 2 mins read
Commodities Update Surge in China’s commodity imports has further to run The ongoing fiscal-led boost to domestic demand and a stronger renminbi propelled China’s commodity imports higher last month. This tallies with our long-held view that a rapid rebound in the Chinese... 13th October 2020 · 2 mins read
Commodities Weekly Oil price recovery to stay in a low gear The prices of most commodities rose this week, supported by a pick-up in risk appetite towards risky assets, such as US equities. Oil prices were the top performer, increasing by around 10% in part... 9th October 2020 · 7 mins read
Energy Chart Pack Oil demand fears back in the spotlight Some energy commodities such as natural gas and coal benefitted from a seasonal uplift in demand in September, but oil prices fell. We think that oil and natural gas prices will make a little more... 6th October 2020 · 6 mins read
Commodities Weekly Worries about demand continue to grow The prices of most major industrial commodities, including oil, fell this week seemingly owing to lingering fears about commodity demand. Concerns are growing about the financial health of some major... 2nd October 2020 · 7 mins read
Commodities Chart Pack Commodity prices to grind higher An uptick in COVID-19 cases in India and in developed economies knocked back many commodity prices in September, with few left in positive territory for the month. And although September’s price... 1st October 2020 · 8 mins read
Metals Focus End of decade to herald a new dawn for aluminium We expect the aluminium market in the decade ahead to be characterised by stubbornly low prices, as economic growth in top consumer China eventually slows and begins to drag on demand. But as... 30th September 2020 · 15 mins read
Commodities Weekly Fears of a W-shaped recovery to hold back prices It was another wobbly week in commodity markets as prices generally fell, largely on the back of a deterioration in investor risk appetite. Most equity markets sold off and the US dollar strengthened... 25th September 2020 · 7 mins read
