Prices of aluminium, copper and zinc unlikely to rise further: ICRA
The Dollar Business Bureau The prices of base metals including aluminium, zinc and copper are unlikely to rise further due to higher production which results in excess markets in 2016, according to a report. The prices of base metal had gradually strengthened earlier in the initial nine months of this year as a result of the shortfalls in the demand-supply balances of the base metals globally, except some positive sentiments on overall demand scenario in China, said credit rating agency ICRA in a report. “During the said period, the prices of zinc, aluminium and copper have increased by 53%, 13%, and 4% respectively,” it added. Among the given three base metals, the deficit in the market of zinc has been the broadest, therefore the prices ...
Commodity export earnings forecast to dip due to low prices: World Bank
Bidhu Bhushan Palo | @TheDollarBiz Exporters of commodities are likely to face sluggish growth and low returns in the remaining months of 2014 and most of 2015 due to surplus stocks and uneven economic growth in Europe and emerging economies, the World Bank (WB) says in its October 2014 Commodity Markets Outlook. There are multiple factors behind the weakening of commodity prices in Q3 2014, including a growing concern over a slowdown in the Euro Area and emerging economies, a resurgent US dollar, surplus oil production and good prospects for most crops. Prices of a majority of “most primary commodities” (energy, metals, agriculture, precious metals and fertiliser), particularly oil and gold, are expected to remain weak in Q4 2014 and through ...
