# Coronavirus drags down commodity prices as demand from China drops - Business - The Jakarta Post

> Prices for commodities including natural rubber, coal and crude palm oil fell in February as demand from China weakened. The Wuhan coronavirus outbreak is expected to push prices lower further during the Chinese New Year slowdown.

- Date: 2020-02-05 · published 2020-02-05T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/4957-coronavirus-drags-down-commodity-prices-as-demand-from-china-drops-business-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Reduced Chinese industrial and consumer demand weighs on regional commodity exports, including palm oil. Lower import demand from China pressures Southeast Asian vegetable oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-03 | 5 | -12.8% | -4.9 | Links the coronavirus-driven fall in Chinese demand to lower commodity prices including crude palm oil, consistent with a broad risk-off demand shock. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-05 | [Commodity Tracker: Coronavirus and commodity markets \| S&P Global](https://feedsoft.ai/events/7412-commodity-tracker-coronavirus-and-commodity-markets-s-and-p-global.md) | +1.3% | -8.5% |
| PALMOIL | 2020-02-05 | [Temporary drop on local palm oil prices due to coronavirus](https://feedsoft.ai/events/4960-temporary-drop-on-local-palm-oil-prices-due-to-coronavirus.md) | +1.3% | -8.5% |
| PALMOIL | 2020-02-19 | [Palm oil extends losses on weak demand  - The HinduBusinessLine](https://feedsoft.ai/events/10641-palm-oil-extends-losses-on-weak-demand-the-hindubusinessline.md) | -2.4% | -16.6% |
| PALMOIL | 2020-02-04 | [Malaysia bets instant noodles will sustain palm oil demand in virus-hit China](https://feedsoft.ai/events/4954-malaysia-bets-instant-noodles-will-sustain-palm-oil-demand-in-virus-hit-china.md) | +4.6% | -11.1% |
| PALMOIL | 2020-02-25 | [News Archives for Markets - 2020-02-25 - Business Recorder](https://feedsoft.ai/events/12193-news-archives-for-markets-2020-02-25-business-recorder.md) | -13.3% | -15.6% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2020/02/05/coronavirus-drags-down-commodity-prices-as-demand-from-china-drops

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.