Pokl ad y mo zliwos ci 30 Copp er mark et in r el ati ve b al ance Gl obal economy p uts on the b r ak e C o ppe r s t o c k s ha v e ris e n in re c e nt weeks but re ma in in the rang e of re c e nt ye ars G lobal PMI indic at e s a s t rong s low dow n in t he g lobal e c onom y T h e co n cl u si on of th e first rou n d of U SA Ch in a tra d e n eg otia tion s in mid Ja n u a ry w a s ov ers h a d owed b y th e ou tb rea k of th e COV ID 19 ep id emic in Ch in a T h e loc k d own of th e ec on omy a imed at res trictin g th e sp rea d of th e ep id emic lea d to a d own tu rn in p ric es on th e co mmod itie s ma rk et a n d to h igh er in v en torie s G lob a l d ema n d for co mmod itie s fell a s a res u lt of lower ec on omic a ctiv ity in fu rth er co u n tries Su p p ly h a s a lso fa lle n due to res trictio n s on p rod u ctio n a n d m in e closu res due to lock d ow n s or sa fet y rela ted rea son s a s w ell a s scra p a v a ila b ility at low er p rices T h e d ee p ra p id fa lls in sh a re p ric es in Ma rc h lea d to d ema n d for ca sh a n d fin a n ci a l liq u id ity a n d a ffec ted in tu rn oth er ma rk ets in cl u d in g co mmod itie s T h e cr u ci a l q u es tion is w h en a n d h ow q u ic k ly th e glo b a l ec on omy w ill b e re op en ed S o u r c e B l o o m b er g K G HM Po l ska Mi ed z 0 200 400 600 800 1 0 0 0 2015 2016 2017 2018 2019 2020 SH FE 2 5 9 C O M E X 3 8 LM E 2 6 3 30 34 38 42 46 50 54 58 62 D M s E M s E ur o zo ne U SA C hina Ja pa n G er m a ny Po la nd P M I r a n g e o v e r la st 3 y e a r s A v e r a g e la st 3 y e a r s L a t e s t P M I m a nu f a ct ur i ng S A 2 5 9 3 8 2 6 3