Base metals to remain bullish in 2018

The year 2017 was a year of rally for almost all resource and industrial commodities. Experts say 2018 is also expected to see a rally in the prices of base metals. Coal, iron ore and steel might see some moderation in the first quarter of 2018.

In the year that just ended, metals, steel and crude oil went up by 20-30 per cent. Iron ore and coal were also bullish, which together pulled up the Baltic dry bulk index, reflecting the rising shipping freight rates. The latter index has risen a little over 40 per cent in 2017 and 70 per