 Trends in the global commodities market in 2016 and prospects for 2017Conjunctura economiei mondiale / World Economic Studies, 2017, 221-228 Abstract: The article analyses the global commodities market development in 2016, 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 factors responsible for the downward price trend are the oversupply (increased volumes of production and stocks), as well as declining oil prices, 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 2017 show slight price increases both for oil and for non-oil commodities, followed by new declines in 2018, as the low price levels attained by most of commodities (as compared with the record prices of 2011-2012 ) have resulted in reduction of production capacities and discouraged new investments . On the other side, the demand increase depends on the recovery of the world economy growth. Keywords: commodities (oil; metals; agricultural raw materials); markets; prices; trends; policies; prospects (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2017:p:221-228 Access Statistics for this article Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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