Continuation or reduction of government stimulus measures worldwide, import and export data from major commodity consuming and producing countries and data from commodity end-using sectors is keeping most commodity markets in their grip. The good news is that Europe came out of its recession during Q2. And although economic growth in Europe is still relatively low, the path of recovery is encouraging for most commodity markets and commodity end-using sectors. The economies of the US and China perform relatively well.
In this weeks publication:
- Oil prices soften on weaking tension
- Steel price and price raw materials mixed
- Falls ahead in base metal prices on Fed