Commodity markets’ main source of influence continues to be the news flow related to the Covid-19 virus and the potential risk of it spreading further across Asia and beyond. China, already reeling from the economic and human impact, is struggling to return to work. The tentative recovery in key commodities such as copper and crude oil during the past couple of weeks was amongst other things driven by the narrative that the economic impact would primarily be a Q1 event. With the virus continuing to spread outside of China, this narrative has given way to renewed concerns of the virus having a prolonged and negative ... (full story)