Comoditiies prices are dropping! A case of more supply than demand!

Posted by Tobby > 2022-06-20 12:34 | Report Abuse

Investment!

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5 comment(s). Last comment by Tobby 2022-06-20 15:58

Tobby

7,397 posts

Posted by Tobby > 2022-06-20 12:36 | Report Abuse

Just like everything else, it's supply and demand! Hedge funds most probably hijack comodities in early part of this year thinking there would be desperate buyers as Covid era almost over!
Behold! They were wrong! It seems demand are not as robust! And supply actually rising! Including oil!

Tobby

7,397 posts

Posted by Tobby > 2022-06-20 12:36 | Report Abuse

So we should see easing of commodities in coming days!

ahbah

6,238 posts

Posted by ahbah > 2022-06-20 13:18 | Report Abuse

The easing of commodities is just transitory only ?

The prices of commodities will skyrocket up again ?

Tobby

7,397 posts

Posted by Tobby > 2022-06-20 15:56 | Report Abuse

Ahbah! Based on current data, supply is more than enough! Seems major slowdown in China contribute to lack of demand! Beside, China is selling more EVs now so use of fuel getting less and less!

Tobby

7,397 posts

Posted by Tobby > 2022-06-20 15:58 | Report Abuse

China not spending! US who cares! Already spend trillon on so called infras but build nothing! All used up already! So who is spending! Maybe Indonesia and Vietnam!

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