Dopyt po komoditách vzrastie
Rozvoj a urbanizácia v Ázii, ako aj pod-investovanie na Západe zabezpečia aj naďalej vysoký dopyt po komoditách.
Commodity prices will continue to climb in both the short and longer term as demand continues to grow on the back of development in Asia and infrastructure spending in the first world, says Investec Asset Management.
Short term commodity demand growth will remain stronger than expected because development in Asia and general infrastructure spend will remain high, even if consumer spending did slow down in the US, said George Cheveley, portfolio manager of Investec Asset Management's commodity investment team today. Cheveley said commodity prices will also continue to move upwards over the longer term as high average rates of demand growth is expected over the next 15 years.
The high growth in demand will be driven by the development and urbanisation of economies such as China and India. The first world's underinvestment in infrastructure from the mid-1970's to mid-1990's has necessitated the rebuilding of existing, "crumbling" infrastructure, and investment in new infrastructure for alternative energy sources is increasing.
"Massive investment is also needed to conserve energy for environmental reasons," added Cheveley. Supply of commodities will respond to the higher prices currently prevalent in various commodity sectors, but high rates of demand growth imply that periods of surplus output and weaker prices will be short-lived.
Zdroj: commodityonline.com
23.02.2008