Commodities Update Q4/2021

Steel prices experienced a strong fall when Chinese demand decreased in the middle of credit crisis in China’s real estate industry. Coal prices also had a strong correction after the Chinese government enacted some policies, such as putting a price limit on domestic coal market and setting a higher priority to buy coal for thermal power plants, to control coal prices. China also managed to solve the coal supply problem for this country by expanding the coal supply sources to Indonesia and Russia. Other commodities prices seemed to be stable during Q4.2021 when both demand and supply decreased in the final months of the year.