Commodity prices generally fell in April – with particularly steep falls in oil and Liquefied Natural Gas (LNG) markets, along with declines in iron ore and coal. The global economic outlook has continued to deteriorate – with a wider range of economies impacted by countermeasures to control the spread of COVID-19. Although China has commenced its recovery phase, consumers remain cautious and industry has not reached its pre-virus level. A second-wave of infections that led to the lockdown of the city of Harbin highlight the risks around recovery. In annual average terms, US dollar denominated commodity prices are ... (full story)