TechFlow News, June 2. HSBC released a research report stating that the global commodities market is entering a “super squeeze” driven primarily by supply disruptions.
The report noted that if the Strait of Hormuz remains effectively closed for an extended period, global commodity inventories will be depleted at an accelerated pace, and some commodities may approach critical price inflection points.
The report highlighted that the Middle East conflict has already disrupted aluminum smelting capacity, pushing aluminum prices to a four-year high; copper prices, meanwhile, are primarily supported by a recovery in end-user demand and are nearing USD 14,000 per ton. HSBC also pointed out tightening supply pressures across crude oil, liquefied natural gas (LNG), agricultural products, and industrial metals.
