INTERNATIONAL demand for commodities is likely to remain subdued in the first half of the year, equities research firm IH Securities says.
In an equity strategy paper for 2023 titled: An Economy at Crossroads, IH said that supply chain disruptions were likely to persist because of the continued Russia/Ukraine war.
“… demand risks are in the driving seat for now. Considering Russia and Ukraine contribute significantly to the production of wheat, fertilisers, and fuel, the Russia-Ukraine crisis resulted in supply disruptions of the aforementioned commodities thus, pushing their prices up,” IH said.
The decision by China, a key commodity consumer, last December to pivot from a stringent zero-Covid strategy was however, seen as offering some r
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