外刊经贸知识选读第15课课件概要1.pptVIP

Lesson 15 Weekly Commodities (telex) 重点句型 专业名词 随堂练习 Many prices are at historic lows, and the IMF expects further falls.Yet there are signs that the worse may be over.One key commodity, sugar, has recovered. Prices are in many cases at, or near, historic lows in real terms as markets struggle to cope with floods of surplus produce.And—with most soothsayers forecasting flat, or still lower, prices—the markets themselves have lost much of their allure. indeed, to observe that only 10 years have elapsed since spiraling commodity prices were the focus of major international concern What is more, currency movements over the past year have unexpectedly made matters worse for many producers. What is more, currency movements over the past year have unexpectedly made matters worse for many producers. indeed, one key commodity, sugar, has rebounded impressively from the lows of last year, though even the sugar price remains below the most efficient grower’s cost of production, and its rally appears to have run out of steam. The explanation for the general weakness in commodity prices is complex, and the factors in play will obviously vary greatly from one commodity to another. it is already taking its toll in the from of reduced purchases by cash-strapped oil-producing states. First, world economic growth remains generally sluggish and has been at its weakest in manufacturing, as opposed to the services sector.Uncertainties over the future of the US recovery and slow growth in Europe are keeping demand for key industrial raw materials relatively depressed.In many of the newer and heavily-indebted industrial countries, commodity consumption has been squeezed, as a result of official austerity programmes. Second, developing states have had to maximize commodity exports in order to keep up their foreign exchange earnings and offset the decline in unit commodity prices. Third, the world has got used to living with much lower levels of stocks than in the inflationary 1970s.On th