Now Tec BlogNow Tec Blog

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Securing public trust in science while countering threats to planet and humanity is top priority – Irish Times

    June 8, 2023

    The strange reality of internet connectivity in North Korea

    June 8, 2023

    How much plastic is in our oceans? | Environmental News

    June 8, 2023
    Facebook Twitter Instagram
    • Home
    • Business

      Outdoor events canceled due to New York smoke

      June 7, 2023

      GameStop fires CEO, shares drop 20%

      June 7, 2023

      Taylor Swift’s Eras Tour Benefits Local Economy

      June 7, 2023

      With Chris Licht leaving CNN, all of America’s major news outlets are headed by women

      June 7, 2023

      Saudi Arabia’s football push could burst MLS bubble

      June 7, 2023
    • Gadgets

      Reddit says some accessibility apps will no longer have to pay for APIs

      June 7, 2023

      Amazon is reportedly planning ad slots for Prime Video

      June 7, 2023

      Paradox Interactive refunds physical pre-orders for ‘Vampire: The Masquerade – Bloodlines 2’

      June 7, 2023

      New York City sues Hyundai for negligence after TikTok car theft

      June 7, 2023

      The best smart light bulbs for 2023

      June 7, 2023
    • Tech

      The strange reality of internet connectivity in North Korea

      June 8, 2023

      Fire Age Comes to America’s East Coast

      June 8, 2023

      The success of Diablo IV is a welcome distraction for Activision Blizzard

      June 7, 2023

      Deepmind’s AI is learning the art of coding

      June 7, 2023

      Google DeepMind Gameplay AI Discovers Another Way To Speed ​​Up Your Code

      June 7, 2023
    • World

      How much plastic is in our oceans? | Environmental News

      June 8, 2023

      China’s backlash against ‘The Little Mermaid’ exposes Hollywood’s ties | Entertainment

      June 8, 2023

      Trump’s target for classified documents investigation, prosecutors tell lawyers | Donald Trump News

      June 8, 2023

      West Ham beat Fiorentina 2-1 in European Conference final | Football News

      June 8, 2023

      U.S. School Shooting Omission Defendant Co-Defendant Trial Begins | Gun Violence News

      June 8, 2023
    • AI

      Details of DGA deal on AI, leftovers revealed – The Hollywood Reporter

      June 8, 2023

      Myst Creator’s Latest Game Uses ‘AI-Assisted Content’, Funders Furious

      June 8, 2023

      Bill Gates believes the next big thing in AI will come from an obscure startup

      June 7, 2023

      Lawmakers Focus on AI, Insulin Costs and Pandemic Preparedness in DC Policy Debate

      June 7, 2023

      UK hosts major AI summit of ‘like-minded’ nations – POLITICO

      June 7, 2023
    • Apple

      Fans were stunned when they spotted Arctic Monkey drinking from a spoon

      June 7, 2023

      Apple finally reveals it plans to stop automatic correction to ‘duck’

      June 7, 2023

      macOS Sonoma Skips These MacBooks and Macs: Check Compatibility Now

      June 7, 2023

      NEXT LEVEL SPATIAL COMPUTING

      June 6, 2023

      P!NK Celebrate Daughter’s Birthday With ‘Miss Manchester’

      June 6, 2023
    • ChatGPT

      Boy uses ChatGPT for homework.this is what let him go

      June 8, 2023

      AI and humans collaborate on first ChatGPT designed robot

      June 8, 2023

      Understanding the Potential Role of ChatGPT in Healthcare – RACmonitor

      June 7, 2023

      How AI bots like ChatGPT can help victims and prevent suicide | Nationwide

      June 7, 2023

      Mark Walters sues ChatGPT for embezzlement ‘hallucinations’

      June 7, 2023
    • Cyber Security

      Op-Ed: Reducing Ransomware Recovery Time and Complexity

      June 8, 2023

      Key Factors Driving Enterprise Demand for New Cybersecurity Technologies

      June 8, 2023

      Delinea wins award for cybersecurity mitigation solution

      June 8, 2023

      ACT Government Suffers Cybersecurity Breach

      June 8, 2023

      Remote Access Cybersecurity: New CISA Best Practices

      June 7, 2023
    • Computing

      How in-memory computing is driving innovation in the telecommunications industry

      June 8, 2023

      Security Challenges and Solutions in Fog Computing

      June 8, 2023

      Growing Importance of Fog Computing in Medicine

      June 8, 2023

      A powerful combination for data security

      June 8, 2023

      Zettascale Computing Deep Dive: Architecture, Technology, Trends

      June 8, 2023
    • Science

      Securing public trust in science while countering threats to planet and humanity is top priority – Irish Times

      June 8, 2023

      A program that offers free marine science experiences

      June 8, 2023

      Alaskan rocks photographed over 33 years

      June 8, 2023

      Top Charity Seniors Driven by Love for Science | Richmond & Hopkinton

      June 8, 2023

      Super high school student graduates from North Carolina School of Science and Mathematics

      June 8, 2023
    Facebook Twitter Instagram
    Now Tec BlogNow Tec Blog
    • Home
    • Business

      Outdoor events canceled due to New York smoke

      June 7, 2023

      GameStop fires CEO, shares drop 20%

      June 7, 2023

      Taylor Swift’s Eras Tour Benefits Local Economy

      June 7, 2023

      With Chris Licht leaving CNN, all of America’s major news outlets are headed by women

      June 7, 2023

      Saudi Arabia’s football push could burst MLS bubble

      June 7, 2023
    • Gadgets

      Reddit says some accessibility apps will no longer have to pay for APIs

      June 7, 2023

      Amazon is reportedly planning ad slots for Prime Video

      June 7, 2023

      Paradox Interactive refunds physical pre-orders for ‘Vampire: The Masquerade – Bloodlines 2’

      June 7, 2023

      New York City sues Hyundai for negligence after TikTok car theft

      June 7, 2023

      The best smart light bulbs for 2023

      June 7, 2023
    • Tech

      The strange reality of internet connectivity in North Korea

      June 8, 2023

      Fire Age Comes to America’s East Coast

      June 8, 2023

      The success of Diablo IV is a welcome distraction for Activision Blizzard

      June 7, 2023

      Deepmind’s AI is learning the art of coding

      June 7, 2023

      Google DeepMind Gameplay AI Discovers Another Way To Speed ​​Up Your Code

      June 7, 2023
    • World

      How much plastic is in our oceans? | Environmental News

      June 8, 2023

      China’s backlash against ‘The Little Mermaid’ exposes Hollywood’s ties | Entertainment

      June 8, 2023

      Trump’s target for classified documents investigation, prosecutors tell lawyers | Donald Trump News

      June 8, 2023

      West Ham beat Fiorentina 2-1 in European Conference final | Football News

      June 8, 2023

      U.S. School Shooting Omission Defendant Co-Defendant Trial Begins | Gun Violence News

      June 8, 2023
    • AI

      Details of DGA deal on AI, leftovers revealed – The Hollywood Reporter

      June 8, 2023

      Myst Creator’s Latest Game Uses ‘AI-Assisted Content’, Funders Furious

      June 8, 2023

      Bill Gates believes the next big thing in AI will come from an obscure startup

      June 7, 2023

      Lawmakers Focus on AI, Insulin Costs and Pandemic Preparedness in DC Policy Debate

      June 7, 2023

      UK hosts major AI summit of ‘like-minded’ nations – POLITICO

      June 7, 2023
    • Apple

      Fans were stunned when they spotted Arctic Monkey drinking from a spoon

      June 7, 2023

      Apple finally reveals it plans to stop automatic correction to ‘duck’

      June 7, 2023

      macOS Sonoma Skips These MacBooks and Macs: Check Compatibility Now

      June 7, 2023

      NEXT LEVEL SPATIAL COMPUTING

      June 6, 2023

      P!NK Celebrate Daughter’s Birthday With ‘Miss Manchester’

      June 6, 2023
    • ChatGPT

      Boy uses ChatGPT for homework.this is what let him go

      June 8, 2023

      AI and humans collaborate on first ChatGPT designed robot

      June 8, 2023

      Understanding the Potential Role of ChatGPT in Healthcare – RACmonitor

      June 7, 2023

      How AI bots like ChatGPT can help victims and prevent suicide | Nationwide

      June 7, 2023

      Mark Walters sues ChatGPT for embezzlement ‘hallucinations’

      June 7, 2023
    • Cyber Security

      Op-Ed: Reducing Ransomware Recovery Time and Complexity

      June 8, 2023

      Key Factors Driving Enterprise Demand for New Cybersecurity Technologies

      June 8, 2023

      Delinea wins award for cybersecurity mitigation solution

      June 8, 2023

      ACT Government Suffers Cybersecurity Breach

      June 8, 2023

      Remote Access Cybersecurity: New CISA Best Practices

      June 7, 2023
    • Computing

      How in-memory computing is driving innovation in the telecommunications industry

      June 8, 2023

      Security Challenges and Solutions in Fog Computing

      June 8, 2023

      Growing Importance of Fog Computing in Medicine

      June 8, 2023

      A powerful combination for data security

      June 8, 2023

      Zettascale Computing Deep Dive: Architecture, Technology, Trends

      June 8, 2023
    • Science

      Securing public trust in science while countering threats to planet and humanity is top priority – Irish Times

      June 8, 2023

      A program that offers free marine science experiences

      June 8, 2023

      Alaskan rocks photographed over 33 years

      June 8, 2023

      Top Charity Seniors Driven by Love for Science | Richmond & Hopkinton

      June 8, 2023

      Super high school student graduates from North Carolina School of Science and Mathematics

      June 8, 2023
    Now Tec BlogNow Tec Blog
    Home»World News»What supercycle? Commodity bulls take a bruise this month | Business and Economy News
    World News

    What supercycle? Commodity bulls take a bruise this month | Business and Economy News

    eduardo_alves38By eduardo_alves38June 18, 2021Updated:June 18, 2021No Comments5 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The commodities boom took a hit this month, and while there are plenty of reasons to still bet on a so-called supercyle, it’s unlikely to be clear.

    Broad stimulus measures, the reopening of economies after the pandemic and strong demand from China have caused commodity prices to skyrocket this year, with some reaching record highs. Yet they have collapsed over the past two weeks – with some wiped out gains for the year – on a more hawkish US monetary policy tone, China’s attempt to calm inflationary pressures and better weather for crops. .

    While this has swept away some of the speculative scum from the market, the big question is whether the latest commodity bull run has passed its peak or is just taking a break.

    Regardless, the direction may not be broad, with each market having its own individual pushing and pulling levers. Copper traders need to balance a short-term cooling in China with long-term green energy prospects. The drop in oil could be limited by declining inventories and supply issues, iron ore is truncated by Chinese policies, while gold will be largely at the mercy of the Federal Reserve’s start to cut.

    “I still see a lot of inflationary pressures in the supply chain, and the reality is that they are increasing,” said Michael Widmer, head of metals research at Bank of America Merrill Lynch in London. “From a commodity price perspective, I can see the structural argument for prices to stay high or increase in the future.”

    Copper

    The yearlong rally to a record high in May was sparked by the surge in Chinese demand, but there are signs that manufacturer orders are starting to decline.

    Bulls is confident the rest of the world will pick up the slack, as investments in renewables and electric vehicles create a dramatic shift in demand in Europe and North America. Still, it could be some time before the expense ends up in factory order books, and weaker demand in the meantime could embolden the bears who say the current high prices are not justified by The fundamentals.

    Iron-ore

    It could be particularly difficult to predict the trajectory of iron ore, the most volatile raw material today. It hit a record high, slumped into a bear market, then rebounded into a bull market within weeks, as traders grappled with the bleak outlook for demand in major Chinese consumers.

    Bulls and bears are closely watching China’s simultaneous goals of containing inflationary pressures stemming from high commodity prices and making its vast steel sector greener. The country’s steel production is still on track to break another record this year, which could prompt authorities to take further steps to restrict production and again iron ore.

    Agriculture

    Showers in the US cornbelt and uncertainty over biofuel policy have helped push crop markets down lately, but it will take a lot more rain to ensure bumper crops at one of the world’s major suppliers. . More than a third of America’s corn and soybean acreage suffers from drought after record heat waves.

    It’s a story of China on the demand side, with the country’s huge imports driving crop and pork futures soaring in the past year. Major traders like Cargill Inc. and Viterra say crop markets are in a “mini-supercycle” that could last half a decade, driven by increased demand for biofuels and continued Chinese purchases.

    Oil

    Attention is already focused on the sharp recovery in demand during the summer. While there are signs that the United States is leading the way in reopening Western economies, the spread of the delta variant of the coronavirus, first identified in India, is raising new concerns about the path of the virus. consumption in parts of Asia.

    For now, it looks like the market will need additional supply in the second half of the year. The OPEC + group has yet to confirm its production plans beyond July, as U.S. shale producers continue to preach discipline as they earn money again. All the more reason, then, that the attention is so intense on when the market will see the return of Iranian supply as talks with the United States continue.

    Gold

    Bullion is more sensitive to Federal Reserve actions than perhaps any other commodity. It fell to its lowest since early May after the US central bank signaled that monetary policy tightening could start sooner than expected and the dollar surged.

    Although the precious metal is often bought as an inflation hedge, the Fed signaled this week that higher than expected inflation would not be allowed to persist, opening the door for a faster reduction in stimulus measures. This weighs on the attractiveness of non-interest bearing gold. UBS Group AG is forecasting prices at $ 1,600 an ounce by the end of the year, compared to around $ 1,780 today.

    -With help from Annie Lee, Alex Longley, Megan Durisin and Eddie Spence.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    eduardo_alves38
    • Website

    Related Posts

    How much plastic is in our oceans? | Environmental News

    June 8, 2023

    China’s backlash against ‘The Little Mermaid’ exposes Hollywood’s ties | Entertainment

    June 8, 2023

    Trump’s target for classified documents investigation, prosecutors tell lawyers | Donald Trump News

    June 8, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Editors Picks

    Boy uses ChatGPT for homework.this is what let him go

    June 8, 2023

    AI and humans collaborate on first ChatGPT designed robot

    June 8, 2023

    Understanding the Potential Role of ChatGPT in Healthcare – RACmonitor

    June 7, 2023

    How AI bots like ChatGPT can help victims and prevent suicide | Nationwide

    June 7, 2023
    Top Reviews
    Advertisement
    Demo
    Now Tec Blog
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    • About us
    • DMCA
    • Privacy Policy
    © 2023 nowtecblog. Designed by nowtecblog.

    Type above and press Enter to search. Press Esc to cancel.