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The Main Trends in the Movement of the International Commodity Prices

Maria Cartas

Conjunctura economiei mondiale / World Economic Studies, 2012

Abstract: The article analyses the main developments of the world commodity markets in 2011 and short-term prospects. At he end of a decade of price boom, due mainly to the sustained demand growth in the emerging economies and especially China, India and Russia, towards the end of 2011 the raw materials prices stood at high levels. Energy and metals, by instance, recorded average prices by 3 times higher, in real terms, compared to the levels they had at the beginning of the last decade. However, the growing uncertainty regarding the short term prospect of the world economy led to a slowing down of these prices growth. The foreseen maintenance of slow growth rates of the world economy in 2012-2013 shows generally unchanged commodity price levels in 2012.

Keywords: commodity (oil; metals; agricultural raw materials); markets; prices; trends; prospects (search for similar items in EconPapers)
JEL-codes: F01 F02 F59 F63 O53 Q02 Q11 Q31 Q41 (search for similar items in EconPapers)
Date: 2012
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Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD

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