Trends and prospects of international major commodity prices

Maria Cartas

Revista de Economie Mondiala / The Journal of Global Economics, 2013, vol. 5, issue 2

Abstract: Trends and prospects of international major commodity prices. In 2012, the international commodity markets have seen declining prices, especially during the first half of the year, with some improvement mainly in the last quarter. On the whole, most of major commodity prices declined, following generally weaker demand and the uncertain global economic situation. The short term outlook shows broad declines of prices for all major commodity groups, including oil and excepting metal prices, which are expected to be sustained by the global economic recovery and increasing demand, mainly in China. This country represents a major player, with a great contribution to the movement of prices on most of international commodity markets, as she has a great role in the world consumption and trade of commodities, as well as in the world production of some of these goods, on the one hand, and enjoys huge financial resources, on the other.

Keywords: international prices; quotations; raw materials; metals (aluminium; copper; lead; zinc; nickel; tin; gold; silver; platinum; paladium); agro-food products (wheat; corn; sugar; edible vegetable oils; meats; coffee; cocoa); cotton; crude oil and oil produc (search for similar items in EconPapers)
JEL-codes: E39 F19 (search for similar items in EconPapers)
Date: 2013
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