30.08.2012 - Forecasting commodity prices for 2016
Independent operator CRU Group (formally the Commodities Research Unit) regularlyanalyses the markets of over 75 commodities across the mining, metal and fertiliser sectors. The Group has recently updated its 2016 price forecasts across 24 markets including steel raw materials, base metals and fertilisers. Percentage movements are marked from a base of June quarter average prices. CRU warns that in the case of forecasts suggesting higher prices by 2016, the implication is not for a steady increase, and vice versa on the downside. Volatility will clearly come into play, so readers should view percentage price movements as representing at 2016rather than up/down to 2016..............................................Full Article: Source
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