Steel - Forecast

Steel is expected to trade at 3146.64 Yuan/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2118.82 in 12 months time.


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Energy Price Day Q2/18 Q3/18 Q4/18 Q1/19
Crude Oil 72.2122 0.99 1.39% 58.8800 55.6800 52.6600 49.8000
Brent 79.4209 0.84 1.07% 63.5793 60.1804 56.9561 53.9131
Natural gas 2.8107 0.03 -1.09% 2.4888 2.2627 2.0574 1.8704
Gasoline 2.2601 0.02 1.07% 1.7810 1.6266 1.4856 1.3569
Heating oil 2.2809 0.01 0.29% 1.8550 1.7554 1.6611 1.5719
Ethanol 1.4879 0.02 1.57% 1.2999 1.2245 1.1535 1.0865
Naphtha 668.31 1.38 -0.21% 552.25 524.02 497.25 471.82
Propane 0.92 0.01 -1.04% 0.71 0.66 0.61 0.56
Uranium 22.4000 0.00 0.00% 19.4082 17.9361 16.5774 15.3216

Metals Price Day Q2/18 Q3/18 Q4/18 Q1/19
Gold 1,289.54 0.63 0.05% 1,305.34 1,273.09 1,241.64 1,210.99
Silver 16.4678 0.08 0.49% 15.6454 14.9940 14.3704 13.7730
Platinum 893.74 10.99 1.25% 881.40 847.58 815.04 783.69
Palladium 988.50 25.25 2.62% 866.83 819.81 775.45 733.38
Manganese 39.50 0.00 0.00% 38.72 36.56 34.52 32.60
Neodymium 412,500.00 0.00 0.00% 421,276.50 396,574.50 373,349.25 351,466.50
Rhodium 2,175.00 45.00 2.11% 1,948.40 1,860.89 1,777.45 1,697.48

Agricultural Price Day Q2/18 Q3/18 Q4/18 Q1/19
Soybeans 1,022.5000 24.00 2.40% 978.8469 942.0283 906.6335 872.5610
Wheat 507.5349 10.72 -2.07% 428.0947 399.8606 373.4599 348.8009
Cotton 88.42 1.87 2.16% 80.00 80.00 78.00 75.00
Rice 12.2353 0.09 -0.73% 11.5000 11.0000 12.0000 12.5000
Cheese 1.6380 0.00 -0.12% 1.3700 1.3100 1.2500 1.5500
Palm Oil 2,433.00 0.00 0.00% 2,650.00 2,600.00 2,500.00 2,300.00
Milk 15.22 0.01 -0.07% 12.57 11.99 11.43 13.92
Rubber 183.50 4.00 2.23% 146.80 126.33 108.71 93.54
Orange Juice 167.45 1.25 0.75% 114.50 105.08 96.43 139.73
Coffee 120.00 6.05 5.31% 122.00 120.00 120.00 130.00
Lumber 609.00 15.00 -2.40% 480.00 490.00 500.00 480.00
Wool 1,943.00 0.00 0.00% 1,727.17 1,683.40 1,640.87 1,599.41
Canola 532.40 0.20 -0.04% 650.00 580.00 500.00 480.00
Tea 2.50 0.15 -5.66% 3.20 3.20 3.30 3.20
Cocoa 2,615.00 63.00 -2.35% 2,750.00 2,650.00 3,000.00 2,600.00
Sugar 12.10 0.44 3.77% 12.50 12.50 12.00 13.00
Oat 245.1176 3.00 1.24% 210.4696 192.0385 175.1991 159.8591
Corn 402.6716 0.25 -0.06% 366.1554 349.1035 332.8196 317.3039

Livestock Price Day Q2/18 Q3/18 Q4/18 Q1/19
Live Cattle 105.2876 2.75 2.69% 105.1686 99.4643 94.0824 88.9785
Lean Hogs 73.6082 1.20 -1.61% 47.1819 42.8719 38.9513 35.3890
Beef 9.54 0.07 -0.73% 9.45 9.27 9.10 8.93
Poultry 3.55 0.00 0.00% 2.90 2.76 2.63 2.50
Feeder Cattle 134.0644 1.58 1.19% 123.6564 117.4189 111.5070 105.8815

Industrial Price Day Q2/18 Q3/18 Q4/18 Q1/19
Copper 3.0837 0.03 1.13% 2.8138 2.6564 2.5080 2.3679
Bitumen 3,088.00 12.00 0.39% 2,461.80 2,203.85 1,972.85 1,766.05
Steel 4,068.00 16.00 -0.39% 3,146.64 2,758.20 2,417.51 2,118.82
Coal 103.35 0.75 -0.72% 87.59 83.13 78.89 74.86
Cobalt 90,750 0.00 0.00% 88,839 84,634 80,633 76,819
Lead 2,314.50 42.50 -1.80% 2,252.04 2,118.97 1,993.79 1,875.79
Aluminum 2,270.00 23.00 -1.00% 2,300.00 2,200.00 2,150.00 2,100.00
Tin 20,780.00 130.00 0.63% 20,479.20 19,783.84 19,109.68 18,460.96
Zinc 3,099.50 3.50 0.11% 3,110.10 2,949.05 2,796.20 2,651.55
Nickel 14,688.50 159.50 1.10% 14,000.00 13,500.00 13,000.00 12,000.00
Molybdenum 25,000.00 0.00 0.00% 23,937.50 22,920.00 21,945.00 21,012.50
Iron Ore 68.00 0.00 0.00% 59.65 54.74 50.24 46.10
Iron Ore 62% fe 67.03 0.23 -0.34% 59.33 54.70 50.44 46.50
Lithium 132.86 0.82 -0.61% 125.00 120.00 130.00 120.00
Soda Ash 2,064.29 0.00 0.00% 1,706.60 1,631.07 1,558.75 1,489.64

Index Price Day Q2/18 Q3/18 Q4/18 Q1/19
CRB Index 208.26 0.14 0.07% 191.89 186.83 181.90 177.09
LME Index 3,345.80 0.00 0.00% 3,091.99 2,983.03 2,878.23 2,776.96
S&P GSCI 2,832.64 0.00 0.00% 2,479.42 2,394.17 2,311.74 2,232.14
Baltic Dry 1,239.00 34.00 -2.67% 900.40 829.77 764.80 704.81

TRADING ECONOMICS forecasts are based on its analysts expectations and proprietary global macro models. We work hard to make sure any information we present is accurate and reliable. However, our forecasts are not recommendations to buy or sell nor we are a registered investment adviser. Moreover, the past performance of our models is not necessarily indicative of future results.