Commodity Markets Outlook, July 2015

Most commodity prices declined in the second quarter of 2015 due to ample supplies and weak demand, especially in industrial commodities (Figure 1). One main exception was the price of crude oil which rebounded early in the quarter on stronger demand but has since weakened owing to a still large...

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Main Author:	World Bank Group
Format:	Report
Language:	en_US
Published:	World Bank, Washington, DC 2015
Subjects:	price forecasts oil market supply conditions mining capacity commodity consumption global demand food commodity prices commodity trade balances
Online Access:	http://hdl.handle.net/10986/22278

id	okr-10986-22278
recordtype	oai_dc
spelling	okr-10986-222782017-12-13T12:52:34Z Commodity Markets Outlook, July 2015 World Bank Group price forecasts oil market supply conditions mining capacity commodity consumption global demand food commodity prices commodity trade balances Most commodity prices declined in the second quarter of 2015 due to ample supplies and weak demand, especially in industrial commodities (Figure 1). One main exception was the price of crude oil which rebounded early in the quarter on stronger demand but has since weakened owing to a still large global surplus. These trends are expected to persist for the rest of the year, with a modest recovery in 2016 (Figure 2). This issue’s Special Focus looks at China’s and India’s commodity consumption patterns. It concludes that demand from China, and to a lesser extent India, significantly raised global demand for metals and energy—especially coal—and less so for food commodities. This pattern reflected the countries’ different growth models and the way in which consumption responds to income growth. 2015-07-23T14:14:41Z 2015-07-23T14:14:41Z 2015-07 Report http://hdl.handle.net/10986/22278 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	price forecasts oil market supply conditions mining capacity commodity consumption global demand food commodity prices commodity trade balances
spellingShingle	price forecasts oil market supply conditions mining capacity commodity consumption global demand food commodity prices commodity trade balances World Bank Group Commodity Markets Outlook, July 2015
description	Most commodity prices declined in the second quarter of 2015 due to ample supplies and weak demand, especially in industrial commodities (Figure 1). One main exception was the price of crude oil which rebounded early in the quarter on stronger demand but has since weakened owing to a still large global surplus. These trends are expected to persist for the rest of the year, with a modest recovery in 2016 (Figure 2). This issue’s Special Focus looks at China’s and India’s commodity consumption patterns. It concludes that demand from China, and to a lesser extent India, significantly raised global demand for metals and energy—especially coal—and less so for food commodities. This pattern reflected the countries’ different growth models and the way in which consumption responds to income growth.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Commodity Markets Outlook, July 2015
title_short	Commodity Markets Outlook, July 2015
title_full	Commodity Markets Outlook, July 2015
title_fullStr	Commodity Markets Outlook, July 2015
title_full_unstemmed	Commodity Markets Outlook, July 2015
title_sort	commodity markets outlook, july 2015
publisher	World Bank, Washington, DC
publishDate	2015
url	http://hdl.handle.net/10986/22278
_version_	1764450690295398400

Commodity Markets Outlook, July 2015

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