Prices
October 15, 2020
CRU: Multi-Commodity Outlook: Fundamental Disconnect?
Written by Zanna Aleksahhina
By CRU Multi-Commodity Analysts Zanna Aleksahhina and Will Young
Over the summer and into Q3 2020 commodity prices staged a remarkable recovery from Q2 lows and in October many prices are comfortably above where they started the year. Given that the major economies are still struggling to control the spread of Covid-19, underlying demand is weak, the recovery is slowing, and a vaccine remains distant, are commodity prices disconnected from market fundamentals?
