Australian budget Australian Economy Commodities

Son of BREE: Commodities outlook to boom and bust

Friday, 21 December 2018

Son of BREE is out with its December quarter commodities outlook and it has not done a bad job with a boom and bust outlook:

The individual outlooks are below:

Iron and coking coal look good to me. I expect thermal coal to correct faster. The one outstanding price that is a little optimistic is LNG with oil priced at $72-74. $55-60 is more realistic.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.