Category: Commodities / FX

Chinese Steel Glut Intensifies
10. 9. 2023 No Responses

Chinese Steel Glut Intensifies

Chinese imports into the U.S. have fallen by 7.9% from August 2022, leading to concerns about sourcing steel and other metals. Chinese imports into the U.S. have fallen by 7.9% from August 2022, leading to concerns about sourcing steel and...
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Photovoltaic Grade Polysilicon Prices Crash
19. 6. 2023 No Responses

Photovoltaic Grade Polysilicon Prices Crash

Solar grade polysilicon prices crash amid global supply glut. Spot prices for the main ingredient in photovoltaic panels are crashing considerably and fast, fueled by a glut in China’s photovoltaic panel supply chain. Some companies manufacturing polysil...
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The discovery of a lithium mine in Iran
12. 6. 2023 No Responses

The discovery of a lithium mine in Iran

Iran’s lithium find is a potential game changer. The discovery of a lithium mine in Iran and its potential implications for the global production of lithium-ion batteries and electric vehicles is still one of the topics discussed in the world...
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Major global powers ditching the U.S. dollar
6. 4. 2023 No Responses

Major global powers ditching the U.S. dollar

The global trend of substituting the US dollar with local currencies in the trade of goods and transactions has been on the rise, with countries hoping to reduce their dependence on Washington and prevent it from further exploiting its power...
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Massive Downward Reductions In US Shale Oil Output
16. 3. 2023 No Responses

Massive Downward Reductions In US Shale Oil Output

EIA issued the March DPR: A massive downward reductions in US shale oil output.  In the March report, shale oil output from the key plays is reduced by 443,000 bpd for January and 250,000 bpd for February.  If we go...
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Commodity Traders Record $115 Billion In 2022 Profit
8. 3. 2023 No Responses

Commodity Traders Record $115 Billion In 2022 Profit

According to a new report from Oliver Wyman, commodity traders saw record gross margins of about $115 billion last year. According to the report, industry gross profit margins have roughly tripled from $36 billion in 2018, with those of independent...
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China’s Petro-Yuan Ambitions
7. 1. 2023 No Responses

China’s Petro-Yuan Ambitions

Credit Suisse’s Zoltan Pozsar said the de-dollarization of the global oil industry is in full swing–even if we can’t see the final end game from here. Some 40% of proven oil reserves belonging to OPEC+ members is owned by Russia,...
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Russian ‘De-Dollarization’ Escalates
1. 9. 2022 No Responses

Russian ‘De-Dollarization’ Escalates

Begins “strategic” plan to buy billions In “friendly” currencies. Ever since March 2018, when Moscow dumped practically all of its US Treasury holdings, Russia has been at the forefront of a global process of ‘de-dollarization&#82...
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Von Greyerz: Some numbers about the massive money creation
4. 7. 2022 No Responses

Von Greyerz: Some numbers about the massive money creation

The massive money creation by central and commercial banks in this century has resulted in a growth of global assets from $450 trillion in 2000 to $1,540 trillion in 2020. Debt To GDP Growth As the chart below shows US...
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Sri Lanka Asks Russians For Help, Suspends Fuel Sales Amid Economic Collapse
28. 6. 2022 No Responses

Sri Lanka Asks Russians For Help, Suspends Fuel Sales Amid Economic Collapse

A broken and extremely cash-strapped Sri Lanka halted all fuel sales except for essential services in a desperate attempt to manage a severe fuel shortage — allowing the government to buy some time and send two government officials to Russia...
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Russia Will Pay Its Foreign Debts in Rubles
24. 6. 2022 No Responses

Russia Will Pay Its Foreign Debts in Rubles

On June 23, Russian President Vladimir Putin signed a decree on the payment of foreign currency debt in rubles. Roughly speaking, transactions will be made through a ruble account at the domestic market rate. Payment of such debt on the...
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Saudi Arabia reportedly pressured to pump more oil
1. 6. 2022 No Responses

Saudi Arabia reportedly pressured to pump more oil

Saudi Arabia may agree to boost oil production to cool skyrocketing prices if Russia’s output falls significantly under the new EU sanctions, the Financial Times reported on Thursday. The Kingdom, the world’s largest oil producer, has repeatedly rejected d...
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China Has ‘Financial Nuclear Bombs’
7. 5. 2022 No Responses

China Has ‘Financial Nuclear Bombs’

China Has ‘Financial Nuclear Bombs’ If West Levies Russia-Style Sanctions, Beijing Warns Multiple analysts at Chinese state-linked think tanks and banks have weighed in on the Biden administration’s recent threats to punish the world’s ...
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Oil Prices Soar Despite Petroleum Reserve Release
1. 3. 2022 No Responses

Oil Prices Soar Despite Petroleum Reserve Release

Crude prices continued to rally on Tuesday morning despite the news of concerted SPR releases. The IEA Ministerial Meeting being held on Tuesday has resulted in an agreement of some of its members to release 60 million barrels of crude...
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Gundlach Warns Dollar Is “Doomed”
14. 7. 2021 No Responses

Gundlach Warns Dollar Is “Doomed”

It has been a while since DoubleLine Founder Jeffrey Gundlach sat for a lengthy interview with CNBC’s Scott Wapner, aka “the Judge”, during the network’s “Halftime Report”. Gundlach has at times clashed with various CNBC pe...
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