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Industry - Commodity Price Forecasts - Commodity Price Forecasts

Publisher Oxford Economics
Published May 11, 2022
Length 14 Pages
SKU # OFE17168297

Description

Industry - Commodity Price Forecasts - Commodity Price Forecasts

Geopolitical tensions and supply concerns continue to support to commodity prices, especially energy. However, demand headwinds are gathering pace. High energy prices are taking their toll on economic activity globally. In China, industrial activity is weakening, and lockdowns have further curbed mobility and economic activity. Meanwhile, the Fed is ratcheting up rates at a pace not seen in decades, further weighing on growth, and pushing the dollar higher.

Table of Contents

14 Pages
Global: Supply concerns support energy, demand woes weigh on metals
Oil Overview
Geopolitical concerns keep prices high
Russia forecast cut offsets US upgrade
Chinese and Russian demand outlook cut
Brent forecast at $100pb in 2022
Gas Overview
US gas price rises as Europe stabilises
Iron & Steel Overview
Lockdowns in China weigh on iron ore
Global steel prices expected to fall
Base Metals Overview
Base metals see big price swings
Precious Metals Overview
Hawkish Fed puts dampener on gold
Risks
Russian invasion of Ukraine
China slowdown
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