Metals Watch Picking apart the silver price Silver is often described as having a strong price correlation with the business cycle, owing to its numerous industrial applications. Others cite its safe-haven appeal. In this Metals Watch, we... 18th May 2020 · 9 mins read
Commodities Weekly China to the rescue? This week has provided further tentative signs of a revival in commodities demand. China’s industrial production bounced back in April and weekly data in the US suggest that the pick-up in gasoline... 15th May 2020 · 7 mins read
Commodities Weekly Investors may have got ahead of themselves Industrial commodities prices posted strong gains this week on the back of signs of a relaxation of quarantine measures in Europe and the US, which fuelled hopes that demand would recover soon... 7th May 2020 · 7 mins read
Metals Watch Are aluminium stocks set for a re-run of the GFC? In this Metals Watch, we take a closer look at whether the global aluminium market is set for a re-run of the global financial crisis (GFC), when a surge in exchange stocks depressed prices for... 6th May 2020 · 6 mins read
Commodities Chart Pack Prices to tread water for now The prices of most commodities struggled in April against a backdrop of moribund global demand. That said, the performance of energy commodities was mixed: while Brent crude and Henry Hub gas rose in... 5th May 2020 · 8 mins read
Commodities Weekly Still a bumpy road ahead Despite a raft of terrible economic data, industrial commodity prices ended the week broadly flat, except for oil prices which rose sharply. Attention is turning to the potential relaxation of... 1st May 2020 · 8 mins read
Metals Outlook The long road to recovery Measures designed to contain the spread of coronavirus have dealt a heavy blow to metals demand. Assuming that these measures are lifted at a global level in the second half of the year, we expect a... 27th April 2020 · 17 mins read
Commodities Weekly No respite for oil yet Well-placed fears that the world is fast running out of storage for crude buffeted oil prices this week. On an extraordinary day of trading, the spot price of WTI fell deep into negative territory on... 24th April 2020 · 7 mins read
Commodities Outlook It can only get better At the time of writing, economic activity has ground to a halt around the world owing to virus containment measures. For the most part, commodities prices have plunged given the collapse in demand. We... 24th April 2020 · 19 mins read
Metals Data Response Global Steel Production (Mar.) Global steel output declined in March in year-on-year terms. And all the signs suggest that worse is yet to come. As we had previously argued, the first global contraction in steel production for five... 22nd April 2020 · 2 mins read
Commodities Weekly Too soon to call a recovery News of a record 9.7m bpd cut to output by OPEC and its allies failed to prop up oil prices, which fell again this week. As long as virus-containment measures continue to depress demand, we expect oil... 17th April 2020 · 7 mins read
