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Price Movements in Commodity Markets in 2013 and Prospects for 2014

Author

Listed:
  • Maria Cartas

Abstract

The article analyses the main developments of the world commodity markets in 2013, a difficult year for the world economy, and short-term prospects. The slowing economic growth, both at the world level and particularly in emerging China, the main global commodity consumer, had a great impact over prices, pushing them to lower levels, away from the upward trend ending in 2011. The most affected were metals, with prices declining sharply, as a result of increasing offer (due to the sustained investment policies during the past price boom) and declining demand (pushed downwards by the slowing economic growth), trend supposed to go on. The oil and agricultural raw materials prices remained at relatively high levels, but prospects were for a declining trend, based upon the markets oversupply.

Suggested Citation

  • Maria Cartas, 2014. "Price Movements in Commodity Markets in 2013 and Prospects for 2014," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
  • Handle: RePEc:iem:conjun:y:2014:id:2822000009586091
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    More about this item

    Keywords

    commodity (oil; metals; agricultural raw materials); markets; prices; trends; policies; prospects;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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