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The Collapse Of Prices - A Major Trend Of The Global Commodity Market. Causes And Effects. Prospects

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  • Maria Cartas

Abstract

The world commodity market continued to see, for the fourth consecutiveyear, in 2015, a general trend of declining prices, stronger on the oil market, but also on themetal or food raw materials markets.The main drivers of the continuous commodities prices decline, in order of theirimportance, are: the large offer of goods, due to a large extent to the policies of increasinginvestments, during the price boom 2002-2012, in enlarging production capacities, and alsothe severe drop in demand, as a result of the slowing world economic growth and especiallyin China, the main world consumer of natural resources, mainly metals.The prognoses relative to the prospects of commodities prices evolution show thatthese prices will remain at low levels, expressing the large offer volume and weak prospectiveglobal economic growth.

Suggested Citation

  • Maria Cartas, 2015. "The Collapse Of Prices - A Major Trend Of The Global Commodity Market. Causes And Effects. Prospects," Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), Institute for World Economy, Romanian Academy, vol. 10.
    • Handle: RePEc:iem:imptrs:v:10:y:2015:id:2822000009590039
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