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Asian demand pushes up commodity prices

  • Economic Trends
  • Published:
Intereconomics

Abstract

Dollar prices for industrial raw materials have increased along a wide front, and oil prices are almost as high as they were before the Iraq war. Due to the weak dollar, however, consumers in the euro area have been relatively unaffected so far. Demand for raw materials will remain strong. Must we brace ourselves for a further sharp increase in commodity prices?

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References

  1. Cf. Sebastian Sachs, Tobias Bayer: Spekulanten halten Preis in Schach, in: Financial Times Deutschland, 3.3.2004.

  2. Estimate of the US Energy Ministry for February. Cf. http://www.eia.doe.gov/emeu/steo/pub/3atab.html

  3. Cf. Carola Hoyos: Oil companies ordered to cut output, In: Financial Times, 1.3.2004.

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Authors and Affiliations

  1. Department of International Macroeconomics, Hamburg Institute of International Economics (HWWA), Germany

    Klaus Matthies

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  1. Klaus Matthies
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Matthies, K. Asian demand pushes up commodity prices. Intereconomics 39, 109–112 (2004). https://doi.org/10.1007/BF03032105

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  • DOI: https://doi.org/10.1007/BF03032105

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