Emirates NBD Research
Choose your website / عربي Choose your website and language
Commodities Forecasts
| Energy | 26-Sep-22 | Sep-22 | Dec-22 | Mar-23 | Jun-23 | Sep-23 | Dec-23 | Mar-24 |
|---|---|---|---|---|---|---|---|---|
| Brent: USD / b | 85.59 | 100.00 | 100.00 | 95.00 | 100.00 | 110.00 | 115.00 | 115.00 |
| WTI: USD / b | 78.29 | 95.00 | 90.00 | 90.00 | 95.00 | 95.00 | 100.00 | 100.00 |
Source: Bloomberg, Emirates NBD Research.
| Precious Metals | 26-Sep-22 | Sep-22 | Dec-22 | Mar-23 | Jun-23 | Sep-23 | Dec-23 | Mar-24 |
|---|---|---|---|---|---|---|---|---|
| Gold: USD / troy oz | 1,646.81 | 1,730.00 | 1,650.00 | 1,650.00 | 1,700.00 | 1,750.00 | 1,800.00 | 1,900.00 |
| Silver: USD / troy oz | 18.73 | 19.00 | 20.00 | 20.00 | 18.00 | 17.50 | 17.00 | 17.00 |
| Platinum: USD / troy oz | 863.10 | 890.00 | 800.00 | 750.00 | 800.00 | 825.00 | 850.00 | 900.00 |
| Palladium: USD /troy oz | 2,092.10 | 2,070.00 | 1,900.00 | 1,800.00 | 1,800.00 | 1,850.00 | 1,900.00 | 2,000.00 |
Source: Bloomberg, Emirates NBD Research.
| Industrial Metals | 26-Sep-22 | Sep-22 | Dec-22 | Mar-23 | Jun-23 | Sep-23 | Dec-23 | Mar-24 |
|---|---|---|---|---|---|---|---|---|
| Aluminium: USD / tonne | 2,165.00 | 2,400.00 | 2,200.00 | 2,000.00 | 1,900.00 | 2,000.00 | 2,100.00 | 2,200.00 |
| Copper: USD / tonne | 7,433.00 | 7,500.00 | 7,250.00 | 7,000.00 | 7,000.00 | 7,250.00 | 7,500.00 | 7,850.00 |
| Lead: USD / tonne | 1,804.00 | 1,970.00 | 1,937.17 | 1,903.77 | 1,903.77 | 1,937.76 | 1,971.17 | 2,063.16 |
| Nickel: USD / tonne | 23,411.00 | 22,000.00 | 22,000.00 | 20,000.00 | 20,000.00 | 22,500.00 | 22,000.00 | 22,000.00 |
| Tin: USD / tonne | 20,243.00 | 25,000.00 | 22,000.00 | 20,000.00 | 21,000.00 | 23,000.00 | 24,000.00 | 25,000.00 |
| Zinc: USD / tonne | 3,008.00 | 3,047.42 | 2,945.84 | 2,844.26 | 2,844.26 | 2,945.84 | 3,047.42 | 3,189.64 |
Source: Bloomberg, Emirates NBD Research.