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Commodity Price Forecast report March 2016

  • March 2016
  • -
  • Oxford Economics
  • -
  • 19 pages

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China emerged from its lunar New Year holiday in mid-February with a burst of positive energy, catching many traders and analysts by surprise and leading to restocking and sharply higher prices across a number of key markets. Iron ore led the way higher once more with a strong rally. Underlying steel markets also bounced, while Brent oil prices were helped by some sign of progress in addressing oversupply. It is still too early to be sure that the tide has turned for the commodities complex, particularly given the normal seasonal trend of these markets to improve in H1 and then fall back in H2. 



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