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Investigating the growth of commodity prices in the global market

شناسه : 47772 ۲۱ اردیبهشت ۱۴۰۰ - ۱۶:۳۰
The growth of commodity prices has continued significantly in the past few weeks. Economic, political and social reasons have contributed to the unprecedented rise in commodity prices, most notably the trade tensions between China and Australia and the weakening dollar in financial markets such as Forex. This trend seems to be continuing in the global stock market.
Investigating the growth of commodity prices in the global market
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Assessing the trading indices of global stock exchanges shows that many markets have seen price growth. Meanwhile, steel and mineral markets have seen more growth than other commodity markets. In practice, in the current conditions of global markets, it can be acknowledged that prices will stabilize at these levels. Iron ore with the highest price growth in recent days has taken the first place Sharp price and coal transactions is in the second place. In this report, we will evaluate the growth of commodity prices in the global market. Please be with Artan Press.

*** Growth of commodity prices in the world market

The continuing flight of global commodity prices is still evident and ongoing. In the last trading day, we saw that iron ore + 6.37%, coke + 2.4%, coal + 3.25%, rebar + 1.1%, hot rolled sheet + 2%, copper 2.7%, Aluminum + 3%, + 2.5% zinc recorded growth, which is unprecedented in the commodity markets since the beginning of the year. But events and currents are taking place at the political, economic and social levels in the world that justify the growth of commodity prices. China’s Shanghai and Dalian stocks rose under pressure from China-Australia relations as buyers worried that Australia would restrict exports of key iron ore and minerals to China. This strongly affected the demand side of international stock exchanges.

*** The role of the Sino-Australian trade war in the rise in commodity prices

The Sino-Australian trade war is one of the most inflammatory factors in international stock exchanges. In practice, the reciprocal treatment of China and Australia is similar to that of the Cold War. On Thursday, we saw China cancel its trade agreement with Australia. Large volumes of Australian and Chinese iron ore are supplied to the world through mutual trade. This has led to a rise in global commodity prices due to inflammation in the demand side. On the other hand, with the weakening of the US dollar, we are witnessing the entry of new capital into the commodity sector, and most products in this field, with a significant distance from the 200-day moving average, are still witnessing price growth.

*** Continued growth of copper prices on the world stock exchange

Along with the growth of prices in the steel and iron ore sectors, the growth of prices in the copper sector in the global stock market is very significant. In between, copper has a special position. China’s imports fell 11 percent last month despite high domestic demand, and the world is facing limited copper production and supply. In addition, the move of countries towards electricity consumption and distance from fossil fuels clarifies the demand for copper in the coming years. This issue has caused more and more financial institutions in the world today to forecast their copper prices this year. Increase to over ten thousand dollars, which will make more buyers lucky. Therefore, the sum of all these variables has made copper an active player in the growth of commodity prices. It seems that despite the relative slump in global commodity trading, prices are at their ten-year high.

*** Bloomberg’s view of commodity price growth

The Bloomberg Commodity Spot Index, which tracks 23 raw materials, rose 0.8 percent on Tuesday, its highest level since 2011. Commodity prices were boosted by the recovery of the world’s largest economies, which boosted demand for food, energy and metals. And damage to crops from unfavorable weather conditions and transportation constraints has reached its highest level in nearly a decade, and managing this dichotomy between global raw material inflation and the recession will be among investors’ biggest challenges this year. The rise in commodity prices has taken place at a time when global markets are unable to pinpoint a specific direction for prices. This uncertainty in the domestic markets of Iran is also evident for its own reasons.

*** Iron ore’s flagship commodity price growth

In the commodity market, however, the price of iron ore has taken a different path. The price growth in the iron ore sector is much higher than the price growth of other commodities. The reason for this can be the trade tensions between China and Australia and the depreciation of the dollar against other currencies. Iron ore prices in international markets at the beginning of yesterday’s trading continued its upward trend and reached a new record. According to Artan Press, quoted by Bloomberg, at the same time with the opening of world markets on Monday, iron ore prices hit a record. The declining trend has reached a new price level. According to the report, the growing growth of Chinese demand and limited supply and rising prices of other commodities due to the improvement of the world economic situation, has had a great impact on rising iron ore prices.

*** ۱۰% growth in iron ore prices in the Shanghai market

Iron ore prices rose 10 percent to more than $ 226 a ton in the first minutes of trading in the Shanghai market. The price of iron ore last week was able to enter the $ 200 channel. According to economic analysts, the growth of Chinese demand has been the main reason for the significant increase in iron ore prices. It is expected that the upward trend in iron ore prices will continue, and this price increase will be until Chinese steel demand declines. But the big question is when Chinese steel demand will fall sharply.

*** Hot steel sheet price jump in China Commodity Exchange


The price of hot rolled steel sheet on the Shanghai Commodity Exchange SHFE in China on Monday saw demand rise and jumped + 6% to the daily price limit. The Shanghai rebar also experienced a + 6% jump. The shock of rising iron ore prices is shifting to steel prices, and the effects of yesterday’s fluctuations on steel markets inside China and the world are emerging.With China’s domestic billet price rising again, the growth rate of raw material prices has also intensified.

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