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Global Commodity Prices Rise Again

Development of copper prices: The copper price was highly volatile in November: after scratching the $ 7,000 mark, it fell sharply. Overall, physical demand is proving to be robust: electronics, ICT and power generation are showing increasing demand. The market was also stimulated by investment demand: the number of trading contracts increased by more than half in November 2017. IKB expects demand in Eastern Europe and Russia to pick up again in 2018. Worldwide, the total demand will then amount to 24.3 million tons or an increase of 0.4 million tons compared to the current year. At best, 2017 should close with a minor supply deficit. By the end of the first quarter of 2018, the experts therefore predict a price of $ 6,600 per ton with a margin of $ 500 per ton around this value. arrow back arrow forward Image Zoom
Development of copper prices: The copper price was highly volatile in November: after scratching the $ 7,000 mark, it fell sharply. Overall, physical demand is proving to be robust: electronics, ICT and power generation are showing increasing demand. The market was also stimulated by investment demand: the number of trading contracts increased by more than half in November 2017. IKB expects demand in Eastern Europe and Russia to pick up again in 2018. Worldwide, the total demand will then amount to 24.3 million tons or an increase of 0.4 million tons compared to the current year. At best, 2017 should close with a minor supply deficit. By the end of the first quarter of 2018, the experts therefore predict a price of $ 6,600 per ton with a margin of $ 500 per ton around this value.
( Picture: see picture )
10/12
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