Large stockpiles drive commodities down

Commodities Jan 13, 2015 No Comments

Commodities“Supply has been outstripping demand not because demand has been particularly weak, but because there was too much supply,” said Stephen Briggs, commodities analyst at BNP Paribas SA . “It looks like this won’t change anytime soon.”

Years of high commodity prices fueled a boom in investment around the globe by companies extracting resources – and by the many others, big and small, that depend on them. The ensuing slump has been devastating. Commodities markets from oil to coal to sugar took a beating last year, with many prices falling to multiyear lows. The turmoil has led to job cuts, mine closures and losses for investors.

Via Commodities Fall as Stockpiles Mount Up – WSJ

Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

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