Business Standard

Metals may recover on positive oil demand-supply equation in 2019: Experts

Iron ore and steel have headwinds, which may keep the commodities under pressure

Commodity, commodity prices
Premium

Commodity, commodity prices

Rajesh Bhayani
After a year of downturns, resource commodities are expected to recover largely on the back of China’s economy recovering in 2019 on the back of government-infused stimulation and extension of production cuts by oil producing countries. 

Metals are likely to recover on positive demand-supply equation, while experts say crude oil may have bottomed out, even as the annual average price may be lower than in 2018. Iron ore and steel have headwinds, which may keep the commodities under pressure.

In 2018, all base metals, except tin lost between 12-22 per cent, while crude oil was also down around 20 per cent from

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 31 2018 | 12:14 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com