Sharp rally in resource commodities in 2019 on hopes of China demand

Price spurt gets support from dovish outlook by US Federal Reserve, other central banks pm monetary policy and hopes of US-China trade war resolving

Most resource commodities such as crude oil, base metals, steel and iron ore have been rallying since start of calendar 2019, on hopes of rising demand mainly from China. The rally was aided by US Federal Reserve and other central banks turning dovish in tightening monetary policies, and hopes of a resolution in the ongoing US-China trade war.
 
All major metal and core commodity indices have risen 8-9 per cent since the beginning of the year. Nickel, Zinc, Copper, Tin, steel and iron ore have seen prices rallying from 7-20 per cent, while Brent Crude is up a staggering