Commodity investors could be forgiven for a huge sigh of relief that this week is over. The combination of the crisis in Greece and – especially – worries about the fallout from the slump in China’s stock market hit oil and metals prices hard, although sentiment began to improve as hopes of (yet another) Greek deal rose and Chinese equities stabilised. Among the biggest fallers, the price of iron ore hit our year-end target of $45 per tonne. However, we continue to see a partial recovery, to at least $60 in 2016, as the worst fears about demand prove to be exaggerated.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services