Skip to content

China’s Worsening Virus Threatens Commodities Supply and Demand

  • Consumption of crude this quarter will be hit by lockdowns
  • Metals output is being strained by the Covid Zero policies
Video player cover image
Shanghai Hits Record Daily Covid Cases With 60% Spike

Almost 80% of the Chinese economy has been affected in some way by the worst outbreak of Covid-19 in two years, straining the supply of commodities and posing an increasing threat to demand.

China’s restrictions to contain the fast-spreading omicron variant have primarily hit travel over both short and long-distances, which is a direct drag on fuel consumption and a complication for supply chains.