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Commodity forecasts: April 2022

Our latest forecasts for energy, metals, selected softs and our composite indices

8 April, 2022

The crisis in Ukraine continues, yet through the last month there has been some stabilisation and moderation in commodity markets after sharp movements at the outset of the invasion and initial sanctions against Russia. We have revised our forecast profile informed by a view that supply restraints will likely offset any demand headwinds, so that prices stay higher for longer.  

Westpac Commodity Forecasts April 2022 (PDF 39kb)