The global commodities market. Increased uncertainty

Maria Cartas

Conjunctura economiei mondiale / World Economic Studies, 2016, 197-208

Abstract: The article analyses the global commodity market development in 2015, pointing out to the continuation of the declining prices for most of commodities and especially for oil ( trend that started in 2012, after about a ten year price boom). The main factor responsible for the downward price trend is the oversupply (increased volumes of production and stocks), but also the slow demand increase, on the ground of the slow world economy growth and especially in China, the major consumer of natural resources. Prospects for 2016 are uncertain, as the low price levels attained by most of commodities (as compared with the record prices of 2011-2012 ) have resulted in reducing production capacities and have discouraged new investments. On the other side, the demand increase depends on the recovery of the world economy growth.

Keywords: commodity (oil; metals; agricultural raw materials); markets; prices; trends; policies; prospects (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2016:p:197-208

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