World economic growth is likely to be close to 3.5 per cent growth in real terms in the 2017 calendar year, up from 3 per cent in calendar 2016 and it is slated to grow at 3.75 percent by 2020 according to World Bank. The recovery of commodity prices play an important role in the emerging world, and resource rich regions of the world, to stabilize.
An encouraging trend in international trade has occurred in the year despite ongoing political and economic uncertainty. Financial conditions have been led by high policy interest rates in the United States. The US dollar has softened from last six months against the currencies of commodity export nations.
In a market economy, price is determined by the interaction of supply and demand. Demand for a commodity represents how much people are willing to purchase at various prices. Thus, demand is a relationship between price and quantity, with all other factors remaining constant. Commodity prices are volatile, and volatility itself varies over time. This volatility makes investors jittery about whether to undertake a project investment or not.
Prices of natural resource products are of concern in both policy and business circles therefore it is imperative that firms and governments develop accurate price forecasts and therefore policymakers worldwide have long stressed the relevance of this issue.
Our Commodity Price Forecast reports helps producers, equity & commodity analysts and traders across global commodities markets to create more sophisticated commodity price scenarios. We provide our clients to answers:
- When to invest or divest in commodity markets?
- What is the impact of policy, technology and economic trends on commodity markets?
Commodity Dynamics Scope
In our commodity price forecasts we analyze a range of quarterly, monthly and annual trends, that are consistent with prospects for the global economy and are derived from our advanced Commodity Forecast Model. We follow various statistical models to forecast commodity price: Time Series Models, Econometric Models with a mix of qualitative models viz. Delphi Model for data validation. ANS MarketPro provides insights and analysis on more than 100 emerging, developing and developed countries across seven key growth industries.