Pricesformostindustrialcommoditiesstrengthenedfurther
inthefirstquarterof2017(q/q),whileagriculturalprices
remainedbroadlystable.Crudeoilpricesareforecasttoaverage
$55perbarrelin2017from$43/bblin2016.Theoilforecastis
unchangedsinceJanuaryandreflectsbalancingforces:upward
pressureonpricesfromproductioncutsagreedbyOrganization
ofPetroleumExportingCountriesandnon-OPECproducing
countries,anddownwardpressurefrompersistentlyhigh
stocks,supportedbythereboundoftheU.S.shaleoilindustry.
Metalspricesareprojectedtoincrease16percentasaresult
ofstrongdemandinChinaandvarioussupplyconstraints,
includinglaborstrikes,contractualdisputes,environmentaland
tradepolicies.Agriculturalcommodityprices,whichgained1
percentinthefirstquarter,areanticipatedtoremainbroadly
stablein2017,withmoderateincreasesinoilsandmealsand
rawmaterialsbalancedbydeclinesingrainsandbeverages.
TheWorldBank’sCommodityMarketsOutlookispublished
quarterly,inJanuary,April,July,andOctober.Thereport
providesdetailedmarketanalysisformajorcommoditygroups,
includingenergy,metals,agriculture,preciousmetals,and
fertilizers.Priceforecaststo2030for46commoditiesarealso
presentedtogetherwithhistoricalpricedata.Commodityprice
dataupdatesarepublishedseparatelyatthebeginningofeach
month.
Thereportanddatacanbeaccessedat:
www.worldbank.org/commodities |
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