Market Strategy - BMI Commodity Indices: Core Views Through A New Lens - AUG 2017


BMI View: Charting BMI ' s new commodity price indices illustrates some of our key views o n commodity prices . We expect only gradual price gains over the coming years, with agricultural commodities and energy outperforming, while industrial metals underperform.

Commodity Prices Will Only Grind Higher

  • After a significant rebound over 2016, commodity prices will only post gradual gains in the coming years. We forecast our aggregate price index, which is equal-weighted between energy, industrial metals, agricultural commodities and gold, to increase by just 1.7% in 2018 after strong gains 2017 (6.6%).

  • Only Gradual Gains Ahead
    BMI Commodities Price Index
    e/f = BMI estimate/forecast. Source: Bloomberg, BMI

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