Industrial metal prices in the rebound

by: Casper Burgering , Hans van Cleef

Commo-Update-26-March-2014.pdf ()

Slow business activity and weak sentiment have dictated metal markets globally. But since the start of this week, prices have started to rebound. Hopes are up on possible Chinese supportive economic stimulus after a string of weak data. But Fed’s Yellen signalling that the era of low interest rates may be over, and some support for the US dollar added some pressure to commodity prices. Coffee saw a wave of profit taking after reaching a record high last week. European coal prices remain weak due to mild weather forecasts and an oversupply in stocks.