- Analytics
- News and Tools
- Market News
- Commodities are likely set for a bumpy ride – ANZ
Commodities are likely set for a bumpy ride – ANZ
FXStreet reports that strategists at ANZ Bank discuss commodities prospects.
“China is actively looking to limit coal consumption, which is already resulting in a boom for LNG imports. China is also increasing its efforts to limit the impact of heavy industry on the environment. Steel and aluminium are two of the sectors that have been targeted with recent curbs on output. However, Beijing is also looking to limit exports in an effort to reduce emissions. The use of scrap metal in the production process, a more energy efficient process, will also be encouraged. The impact on the commodity market is unlikely to be uniform. Global steel and aluminium markets (ex-China) could tighten, pushing prices higher. However, increased use of scrap could weigh on certain raw materials. The rising cost of this energy transition could also further raise inflation concerns and heighten fears of tightening monetary conditions.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
