Strong global economic recovery boost commodity prices(4/6/2010)
U.S. dollar and commodity prices over the past few showed the reverse trend and the trend shows that with the volatility, strong and sustained recovery in the global economy, supporting commodity prices continue to rise, commodity price changes affect the factors that are not only financial factors more important properties of its products.
Through the major economies PMI data show that the global economy has a strong and sustained recovery. Indeed, these good economic data underpinned commodity prices continue to rise. Because the economic recovery will lead to a substantial increase in energy demand, that is, commodities commodity attribute is the leading commodity price changes, the main factors. On the other hand, commodity prices continued to rise, but also proved that the market has confirmed that the global economic recovery has come true.
When product attributes rather than the dominant or the financial impact of property price movements of commodities, the commodity prices will not surge, but will show slowly rising trend of fluctuations. Of course, if there are repeated global economic recovery, this will affect commodity price changes, but just better able to explain product attributes has become a commodity price fluctuations affect the main factors.
(by China Leiyuan, 4/6/2010)