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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.
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.
thejakartapost.comYulia Savitri, Made Anthony Iswara5 feb 2020Na 10 eerdere neerwaarts ziekte-gebeurtenissen bewoog Palmolie zich mediaan +0,4% over 5 sessies (50% hoger; middelste helft -5,0% tot +1,3%), en -8,5% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Links the coronavirus-driven fall in Chinese demand to lower commodity prices including crude palm oil, consistent with a broad risk-off demand shock.
