Learn more about our insights on the turbulent commodity prices and prediction for the future Web results Turbulent Commodity Prices
Commodity prices are moving higher, according to the IHS Markit Material Price Index. During the week of 18 April, commodity prices rose for the fourth consecutive week on positive momentum in mainland China and the hope that the worst of COVID-19 is behind us. While most of the higher price pressure is coming from oil, other commodities are showing a stabilizing and higher trend as well. This takes the recent commodity price rally to 10% from the late-April low, although prices are still down 20% year to date.
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