The dependence on the most technologically advanc countries to increase internal production. In this article we will see how the Coronavirus has affect the commodity market and for what reasons. We will not only outline a descriptive report but we will also try to understand how large companies and companies can move on such rough terrain trying to limit the damage as much as possible. Precarity and commodities How to fix it Digital Transformation and commodity market Precarity and commodities The current economic equilibrium is rather unstable and companies particularly those that produce commodities must exploit the latest technologies to avoid succumbing.
Flights in and out of China have been cancell
In this context of widespread uncertainty companies cannot afford to wait days or weeks to analyze market developments and make New Zealand Telegram Number Data decisions. The virus was initially a serious problem for the Chinese economy but within a couple of months it took on the connotation of a global health emergency . A sort of cascade effect hit the commodity market interrupting the trade that China had with the rest of the world. Following the spread of the Coronavirus the commodity market was significantly affect lowest point. Lets remember that.
China is the largest oil importer in
The world The Organization of the Petroleum Exporting Countries OPEC is free to extend current oil production cuts until at least June while Russia Telegram Number considering more decisive measures if oil demand is hit even more severely. causing jet fuel prices and manufacturing margins to plummet in Asia. This has also hurt refineries and fuel exporters Palm oil prices plummet as traders react to the emerging situation in China by closing offices shopping malls and factories. China is the second largest importer of palm oil in the world Prices of major industrial raw materials such as copper iron ore nickel aluminum and liquid natural gas have fallen sharply Base metals fell as.