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Higher price forecasts due to China reopening

China’s rapid reopening and the likelihood of policy stimulus there has improved the macro-economic backdrop for commodities in 2023. But with developed economies in recession, and a somewhat stronger dollar and weaker US equities in Q1, we think a sustained rally in prices is only likely later in the year.

In view of the wider interest we are also sending this Commodities Overview Update to clients of our Metals and Energy Services.

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