Price Movements in Commodity Markets in 2013 and Prospects for 2014

Maria Cartas

Conjunctura economiei mondiale / World Economic Studies, 2014

Abstract: The article analyses the main developments of the world commodity markets in 2013, a difficult year for the world economy, and short-term prospects. The slowing economic growth, both at the world level and particularly in emerging China, the main global commodity consumer, had a great impact over prices, pushing them to lower levels, away from the upward trend ending in 2011. The most affected were metals, with prices declining sharply, as a result of increasing offer (due to the sustained investment policies during the past price boom) and declining demand (pushed downwards by the slowing economic growth), trend supposed to go on. The oil and agricultural raw materials prices remained at relatively high levels, but prospects were for a declining trend, based upon the markets oversupply.

Keywords: commodity (oil; metals; agricultural raw materials); markets; prices; trends; policies; 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: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2014:id:2822000009586091

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