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
OPEC Watch OPEC Monthly Oil Market Report (Oct.) OPEC’s oil production fell in September and, except for Libya, we expect output by individual member states to either stabilise or decline a touch in the coming months as prices remain weak. 13th October 2020 · 3 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
Commodities Focus COVID-19 to hasten peak oil demand In this Focus, we argue that the medium-term impact of the COVID-19 pandemic on both global economic growth and consumer behaviour has brought forward “peak oil demand” to around 2030. As a result, we... 8th October 2020 · 19 mins read
Long Run Focus COVID-19 to hasten peak oil demand In this Focus, we argue that the medium-term impact of the COVID-19 pandemic on both global economic growth and consumer behaviour has brought forward “peak oil demand” to around 2030. As a result, we... 8th October 2020 · 19 mins read
Energy Focus COVID-19 to hasten peak oil demand In this Focus, we argue that the medium-term impact of the COVID-19 pandemic on both global economic growth and consumer behaviour has brought forward “peak oil demand” to around 2030. As a result, we... 8th October 2020 · 19 mins read
Metals Chart Pack Staying cautiously positive on metals Industrial metals prices fell in September on the back of the appreciation in the US dollar and fears that the re-tightening of virus containment measures in Europe and elsewhere will dampen demand... 5th October 2020 · 7 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
Precious Metals Update Higher gold price and industrial rebound to lift silver A higher gold price, along with the ongoing recovery in industrial demand, particularly from China, means that the price of silver is likely to rise in the year ahead. 30th September 2020 · 3 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
Metals Data Response Global Steel Production (Aug.) Global steel production continued to recover in August. However, new regulatory measures affecting the property market in China – along with the re-introduction of virus-related restrictions elsewhere... 24th September 2020 · 2 mins read
Precious Metals Update Gold price to tick up by end-2021 Despite the recent falls in the prices of precious metals, we still expect the gold price to edge higher over the coming year as US real yields drift a little lower. 23rd September 2020 · 2 mins read
Industrial Metals Update China’s economic activity boom to support prices The rapid bounce-back in construction and industrial activity in China, reflected in our revamped China Activity Proxy, looks set to continue in the coming months as additional fiscal support is... 22nd September 2020 · 2 mins read
