The global commodity market is set to be influenced by several key trends, including a surge in coffee prices, a silver shortage, and higher natural gas costs for Europe. Here are five charts to keep an eye on:
1. Coffee Prices: Premium Arabica bean prices have been rising sharply, potentially impacting the cost of morning coffee.
2. Silver Demand: Global demand for silver is outpacing supply, leading to increased prices and concerns about a shortage.
3. European Natural Gas: As Europe prepares for winter, it’s drawing down its natural gas stockpiles, which could lead to more expensive imports from other regions.
These charts highlight the key trends shaping global commodity markets, and traders will be watching them closely as the week begins.
Source: https://www.bloomberg.com/news/articles/2024-11-24/five-key-charts-to-watch-in-global-commodity-markets-this-week