Commodities Weekly Prices lifted by encouraging economic data This week was fairly quiet for commodities, with most prices rising slightly. In particular, energy prices in the US and Europe were boosted by the partial (albeit uneven) paring back of virus... 3rd July 2020 · 7 mins read
Commodities Chart Pack Strong Chinese recovery is good news The more industrial commodities performed particularly strongly in June on the back of the ongoing revival in global economic activity. We have become more positive on the outlook for industrial... 2nd July 2020 · 8 mins read
Commodities Weekly Despite the recent wobble, prices should rebound The prices of most industrial commodities fell this week owing primarily to concerns about the spread of the coronavirus, particularly in the south of the US. Falls in equity markets also weighed on... 26th June 2020 · 8 mins read
Metals Data Response China and India Gold Imports (May) Imports of gold into China and India in May were little changed from the previous month and continue to paint a grim picture for physical demand in the world’s top gold importing nations. We expect... 25th June 2020 · 2 mins read
Industrial Metals Update US-Canada aluminium spat could worsen oversupply Reports that the US is considering rescinding Canada’s exemption to its 10% tariff on aluminium this week are unlikely to have much of an impact on the metal’s price. But such moves have the potential... 24th June 2020 · 3 mins read
Metals Data Response Global Aluminium Production (May) Global aluminium output growth picked up a little pace in May. With demand in China now increasing quicker than we had previously expected, it is likely that Chinese aluminium output will continue to... 22nd June 2020 · 2 mins read
Commodities Weekly Revising up our metals forecasts as China rebounds Industrial commodity prices continued to claw back their virus-induced losses this week. These gains helped to extend the general rise in the prices of industrial commodities since late March... 19th June 2020 · 8 mins read
Commodities Weekly A pause for thought … The recent rally in most commodity prices stalled this week at least in part due to concerns about the scale of virus infections, particularly in the US. A stronger US dollar, falls in US equity... 12th June 2020 · 7 mins read
Precious Metals Update Fears of inflation unlikely to boost gold price This year’s rally in the gold price has come on the back of a coronavirus-led surge in safe-haven buying and a plunge in interest rate expectations. More recently, however, we suspect that the uptick... 10th June 2020 · 3 mins read
Commodities Weekly The green shoots of recovery taking hold The prices of most commodities prices rose this week, as signs emerged that developed economies may be past the worst of the initial economic hit from the coronavirus. Stronger-than-expected US... 5th June 2020 · 7 mins read
Metals Chart Pack Recovery in industrial metals has further to run May was a good month for metals prices. The ongoing revival in economic activity in China helped to lift the prices of most industrial metals, while investment demand for precious metals remained... 3rd June 2020 · 7 mins read
Commodities Chart Pack Prices to pick up as demand slowly revives The prices of most commodities rose in May on the back of the ongoing recovery in China’s economic activity and a gradual easing of lockdown conditions in the US and Europe. We think that most prices... 2nd June 2020 · 8 mins read
Commodities Weekly Renewed US-China tensions cloud price outlook The close of China’s National People’s Congress (NPC) yesterday brought with it little in the way of additional news, leaving the huge fiscal stimulus announced last Friday – which was unambiguously... 29th May 2020 · 7 mins read
Commodities Watch Chinese stimulus not enough to prompt a price rally China’s stimulus spending in 2009 in the wake of the Global Financial Crisis (GFC) prompted a dramatic recovery in commodity prices. In this Commodities Watch, we discuss the stimulus plans outlined... 29th May 2020 · 5 mins read
Commodities Weekly China NPC brings good news for commodities Most commodities prices rode the wave of a general uplift in investor sentiment this week. That said, prices have eased back slightly today despite encouraging signs from the National People’s... 22nd May 2020 · 7 mins read
Metals Data Response Global Aluminium Production (Apr.) Global aluminium output growth slowed further in April. However, with demand in China now picking up as its economy emerges from lockdown, the possibility of substantial output declines there appears... 20th May 2020 · 2 mins read
