Results 1 to 2 of 2

Thread: OPEC Says Commodity Supercycle Waning, Little Upside

  1. #1
    New Member
    Join Date
    Jul 2013
    Location
    Gurgaon, Haryana, India
    Posts
    4
    Thanks
    1
    Thanked 0 Times in 0 Posts

    OPEC Says Commodity Supercycle Waning, Little Upside

    OPEC (the Organization of the Petroleum Exporting Countries) joined a chorus of analysts who have been warning for several months that the era of high prices for commodities is ending.

    The commodity market’s “supercycle” of strong growth is waning, OPEC said on Wednesday, with commodity prices currently in transition mode to slower growth rates.

    OPEC (the Organization of the Petroleum Exporting Countries) joined a chorus of analysts who have been warning for several months that the era of high prices for commodities is ending.

    The group cited a slowdown in emerging economies, in particular China, coupled with decelerating foreign investment in those markets, as an explanation.

    “It seems that emerging economies will continue to grow at lower rates than in the past years. China is currently forecast to grow by 7.7 percent this year and next year, considerably lower than its average growth over the past decade,” OPEC said. “This should lead to somewhat lower relative demand changes in the future, and while a decline of commodity prices seems unlikely in general, it also points to slower expected price rises in the future.”

    Read more: http://tradingtipsexpert.wordpress.c...little-upside/

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,980
    Thanks
    3,055
    Thanked 2,462 Times in 2,067 Posts
    Blog Entries
    12
    No particular evidence to suggest oil might follow suit, though
    The trouble with opportunity is it normally comes dressed up as work.

  3. Thanks given for this post:

    harreymartin (13-Jul-13)

Similar Threads

  1. Understanding the commodity boom
    By Dave A in forum Business Finance Forum
    Replies: 7
    Last Post: 13-Sep-08, 09:54 PM

Tags for this Thread

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •