Commodities Forecasts

 

View other forecasts

Energy 27-Apr-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23
Brent: USD / b 105.35 120.0 120.0 115.0 110.0 100.0 100.0 90.0
WTI: USD / b 101.86 115.0 115.0 110.0 100.0 95.0 95.0 90.0

Source: Bloomberg, Emirates NBD Research.

Precious Metals 27-Apr-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23
Gold: USD / troy oz 1,899.83 2,000.00 2,000.00 1,950.00 1,950.00 1,900.00 1,850.00 1,800.00
Silver: USD / troy oz 23.57 25.00 25.00 22.00 20.00 18.00 17.50 17.00
Platinum: USD / troy oz 926.46 1,100.00 1,100.00 1,000.00

950.00

950.00 900.00 900.00
Palladium: USD /troy oz 2,209.25 3,000.00 3,250.00 3,500.00 3,500.00 3,250.00 3,250.00 3,000.00

Source: Bloomberg, Emirates NBD Research.

Industrial Metals 27-Apr-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23
Aluminium: USD / tonne 3,064.50 3,500.00 3,500.00 3,250.00 3,000.00 2,900.00 2,850.00 2,500.00
Copper: USD / tonne 9,860.00 10,000.00 10,000.00 10,000.00 9,000.00 8,500.00 8,500.00 8,000.00
Lead: USD / tonne 2,320.00 2,345.64 2,345.64 2,345.64 2,228.36 2,166.46 2,166.46 2,102.74
Nickel: USD / tonne 33,076.00 30,000.00 35,000.00 30,000.00 27,500.00 25,000.00 22,500.00 22,000.00
Tin: USD / tonne 40,543.00 40,000.00 45,000.00 33,000.00 32,750.00 32,500.00 32,500.00 32,000.00
Zinc: USD / tonne 4,183.50 3,686.87 3,686.87 3,686.87 3,318.18 3,133.84 3,133.84 2,949.49

Source: Bloomberg, Emirates NBD Research.