The Main Trends of the Price Movement in the Global Commodity Market

Maria Cartas

Conjunctura economiei mondiale / World Economic Studies, 2015

Abstract: The article analyses the global commodity market development in 2014, pointing out to the two major market drivers: the general trend of declining prices, mainly for oil, and a sharp movement of the dollar exchange rate. The commodity markets, marked by sharp declining oil prices, as well as metal prices, had a common feature, namely the major role played by the large offer, reflecting increased production capacities based upon active investment policies from the price boom period. On the part of demand size, the trend was of downward adjustment caused by the slowing world and mainly China's economic growth. Prospects for 2015 and onward show the maintenance of downward price trend, but also possible short term corrections.

Keywords: commodity (oil; metals; agricultural raw materials); markets; prices; trends; policies; prospects (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2015:id:2822000009593003

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