FocusEconomics Launches Commodities Report with Price Forecasts for 33 Raw Materials
We are pleased to announce the publication of the new Commodities Consensus Forecast report. The report includes the latest price forecasts for 30 commodities in the energy, metals and agricultural sectors from leading local and global economic institutions, such as BMI Research, Goldman Sachs, Oxford Economics, Deutsche Bank and HSBC, to name just a few.
Click the infographic to open a full-sized version
The report comprises commodity price projections by quarter for 2 years out and annual forecasts for 5 years out, including details on each analysts’ projections and the Consensus Forecast, as well as maximum and minimum forecasts. It includes price outlook and written analysis for 33 commodities across 4 categories:
- ENERGY: Brent Crude Oil, WTI Crude Oil, Coking Coal, Ethanol, Gasoil (European market), Gasoline (U.S. benchmark), Natural Gas, Thermal Coal, Uranium
- INDUSTRIAL METALS: Alumina, Aluminium, Aluminium Alloy, Copper, Iron Ore, Lead, Nickel, Steel (European and U.S. markets), Tin, Zinc
- PRECIOUS METALS: Gold, Silver, Palladium, Platinum
- AGRICULTURAL: Cocoa, Coffee, Corn, Cotton, Oats, Soybeans, Sugar, Wheat, Wool
According to the inaugural edition of the report, on 12 February, Brent Crude Oil prices were down 16.7% from the beginning of the year, while an annual comparison showed that prices had fallen 45.6%.
“The renewed drop in global oil prices resulted from increasing concerns among investors that global economic growth continues to show signs of weakness, particularly due to a substantial deceleration in key emerging economies. China’s economy has hit the lowest growth rate in a generation, and this will further limit demand for oil,” said Ricardo Aceves, Senior Economist at FocusEconomics.
Economists surveyed this month consider that, on average, oil prices will start to increase in the second half of the year. This month’s Consensus Forecast projects prices to average USD 49.4 per barrel in Q4 2016. Analysts see prices rising further and averaging USD 58.3 per barrel in Q4 2017.
Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the opinion of FocusEconomics S.L.U. Views, forecasts or estimates are as of the date of the publication and are subject to change without notice. This report may provide addresses of, or contain hyperlinks to, other internet websites. FocusEconomics S.L.U. takes no responsibility for the contents of third party internet websites.
Date: February 17, 2016
Tagsscotiabank Unemployment rate Venezuela USA South Africa Housing Market India Latin America Economic Crisis Nigeria European Union Infographic Asean Colombia Base Metals France Africa Israel Bitcoin Commodities Central America Exchange Rate TPS Base Metals Commodities OPEC Russia Copper Trade Political Risk Ukraine Emerging Markets Australia Italy Major Economies Asian Financial Crisis Portugal Argentina economic growth Company News public debt Cannabis United States Germany Economists Investment Brazil GDP Consensus Forecast Asia IMF Precious Metals Commodities Oil Forex Tunisia interview precious metals Agricultural Commodities Eurozone Costa Rica; GDP; Budget Spain oil prices Banking Sector Canadian Economy Draghi Resource Curse Economic Growth (GDP) chile Canada G7 Energy Commodities Cryptocurrency MENA Sub-Saharan Africa Inflation Iran China Vietnam United Kingdom Healthcare Lagarde Japan Eastern Europe Palladium Brexit election Nordic Economies CIS Countries Mexico Exports Economic Debt Greece Gold Turkey Euro Area Budget deficit UK TPP
Following two global crises in quick succession, public debt-to-GDP ratios in many countries are now at multi-decad… https://t.co/WYmjrbycxF
1 day ago
Base metals posted the weakest increase in prices since April 2020 in June, following China's announcement that it… https://t.co/NW1R30219S
2 days ago
After years of chronic downturn, the Venezuelan economy appears set to shrink at a significantly softer rate this y… https://t.co/3rUhH4VTqO
5 days ago
Unemployment in Central America and the Caribbean soared last year as Covid-19 restrictions bit hard and vital tour… https://t.co/sTX41IBUG1
6 days ago
The Colombian peso weakened notably against the U.S. dollar in early July, weighed on by social unrest and ongoing… https://t.co/PnDn2BKr54
1 week ago