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    IN 2023, MARKETS CAME BACK TO FUNDAMENTALS… WHAT WILL 2024 LOOK LIKE?

    14 Dec 2023
    In 2022, it was all about risks and fears and prices skyrocketed. In 2023, despite ongoing geopolitical risks, markets came back to fundamentals. Decent supplies (Black Sea supplies reach the world market despite the war) and sluggish demand (Inflation, high interest rates, economic slowdown) allowed prices to come back to balanced levels. A floor seems to have been found around current levels. Let’s review the short-term price influencers for early 2024 as risks and uncertainty remain elevated.

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